Sulfur Fertilizers Market Projected to Reach USD 5.5 Billion by 2031
The impact of the COVID-19 outbreak has forced many manufacturers and industries to rethink their operations to slowly recover from the losses in the coming years. The organic chemicals industry suffered a major setback due to halted production and limited supply of raw materials.
The report provides actionable and valuable market insights of Sulfur Fertilizers. The latest report by Fact.MR provides details on the current scenario of the market across various sectors along with historical data and market forecast. The report also includes the sales and demand information of Sulfur Fertilizer market across various industries and sectors.
Growing demand for sulfur fertilizers in various applications such as cereals and cereals, fruits and vegetables and advances in the agriculture industry are boosting sales. In addition, due to the increasing need for sulfur fertilizers in the agricultural industry, there has been an increase in government funding and investment over the years. Increasing investment in R&D (R&D) activities by major players will also help in the growth of the industry.
With the steady growth of the manufacturing sector and the induction of advanced technology in the agriculture industry, the major players are expected to achieve higher profit margins in the forecast period. The increasing application of sulfur fertilizers for soil fertilization of various fruits, crops and vegetables in the agriculture sector will provide growth opportunities for the major industry players. In addition, some disadvantages such as high laboratory set-up costs, and environmental side effects due to excess sulfur can hinder demand. However, increasing R&D activities by the manufacturers will remove the hurdles in the coming years.
Driver: Increase in sulfur reduction in soil to drive market growth
Sulfur is considered an essential element required for successful crop production and also plays an important role in plant physiology and protection from pests. It also provides protein synthesis and chlorophyll production, which helps plants regulate the process of photosynthesis. Sulfur deficiency is becoming more common due to less input from atmospheric deposition of sulfur and constant changes in agricultural practices and growth of high-yielding crops. Various chemical methods have been deployed to provide accurate, precise, fast and highly correlated values for sulfur deficiency detection. Thus, the increase in sulfur reduction is expected to increase the demand for sulfur fertilizers in the coming years.
For more information about this report https://www.factmr.com/report/sulfur-fertilizer-market
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