The global sulphur bentonite market size reached USD 191.5 million in 2018. The market is estimated to reach USD 228.7 million in 2023.
In the assessment period from 2023 to 2033, worldwide demand is anticipated to witness a 4.7% CAGR. It is projected to result in a market size of USD 363.4 million by the end of 2033.
As the global population continues to increase, there is a greater need for enhanced agricultural productivity to meet food demands. Fertilizers play a crucial role in replenishing essential nutrients in the soil and maximizing crop yields.
Growing demand for sulphur-based fertilizers is one of the factors driving growth in the market across the globe. The global sulphur bentonite market held around 4% to 5% of share in the global sulphur-based fertilizers market in 2023.
Lack of sulphur in the soil can reduce crop quality and yield. Farmers are seeking ways to address sulphur deficiency and optimize nutrient levels in their crops.
It has led to a steady increase in demand for sulphur bentonite-based fertilizers. The market is anticipated to create an absolute dollar opportunity of USD 134.7 million at the end of the assessment period.
Increasing awareness about the benefits of balanced fertilization has also contributed to rising sulphur bentonite demand. Farmers are now more conscious of the importance of providing crops with a comprehensive range of nutrients to maximize their growth potential.
Sulphur, often referred to as the fourth key nutrient after nitrogen, phosphorus, and potassium, plays a critical role in various metabolic processes within plants. Demand for sulphur bentonite has surged as farmers aim to achieve optimal nutrient balance in their fields.
Environmental concerns and regulatory measures have further bolstered demand for sulphur bentonite. Traditional sulphur fertilizers such as elemental sulphur can pose challenges in terms of handling, volatilization, and potential environmental impact.
Sulphur bentonite, with its controlled-release properties, minimizes the risk of sulphur loss and offers a more environmentally friendly option. As sustainability becomes a priority in modern agriculture, demand for sulphur bentonite has increased due to its superior environmental performance.
Global expansion of agriculture and increasing need for food production are set to fuel demand for sulphur bentonite. As population growth continues, there is a rising pressure on the agriculture sector to enhance productivity and meet the surging demand for food.
Sulphur bentonite provides a reliable and efficient means to boost crop yields and ensure food security. Consequently, demand for sulphur bentonite is expected to continue rising as the agriculture sector strives to meet the world's ever-increasing nutritional needs.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
Attributes | Key Insights |
---|---|
Sulphur Bentonite Market Estimated Size (2023E) | USD 228.7 million |
Projected Market Valuation (2033F) | USD 363.4 million |
Value-based CAGR (2023 to 2033) | 4.7% |
Collective Value Share: Top 5 Countries (2023E) | 55.1% |
The sulphur bentonite market exhibited a CAGR of 3.6% from 2018 to 2022. It had reached a value of USD 219.8 million in 2022. Increased government initiatives and supportive policies are expected to bolster demand.
Rising awareness about the benefits of sulphur bentonite on soil among farmers, especially in emerging economies has also propelled sales of these fertilizers over the past few years. Governments around the world have implemented policies & programs and offered subsidiaries on fertilizers to increase crop yields and improve soil health.
Such initiatives have successfully created awareness about the benefits of fertilizers. At the same time, they have made it more accessible and affordable for farmers, which has positively influenced the market.
The global market for sulphur bentonite is projected to witness a CAGR of 4.7% in the evaluation period. Rising need for micronutrient fertilizers is one of the key factors expected to augment sulphur bentonite sales.
Sulphur is one of several micronutrients that are essential for growth and development of plants. With growing awareness about sulphur deficiency in multiple agricultural regions, there has been a rising emphasis on the use of sulphur-containing fertilizers. These are expected to correct nutrient imbalances in the soil.
Significant technological advancements in the agriculture sector such as precision agriculture techniques are anticipated to provide a promising opportunity for growth. Sulphur bentonite can be integrated into precision agriculture systems, allowing farmers to apply it precisely to areas of the field that require sulphur supplementation.
Increasing demand for sulphur bentonite can also be attributed to its vital role in agricultural practices. Farmers and agricultural professionals have recognized the importance of sulphur as an essential nutrient for plant growth and development.
Sulphur bentonite, a type of sulphur fertilizer, provides a convenient and effective way to supply sulphur to crops. As farmers strive for improved yields and quality of their produce, demand for sulphur bentonite has been rising steadily.
Several advantages offered by sulphur bentonite over other sulphur sources is one of the prominent factors driving growth in the market. It offers enhanced stability, allowing for slow and consistent sulphur release over an extended period. This might ensure a prolonged nutrient supply to plants, minimizing the risk of sulphur deficiency and optimizing crop growth.
It can be easily blended with other fertilizers, enabling convenient application and compatibility with various crop management practices. This flexibility is anticipated to make it a preferred choice for farmers. It might further facilitate its integration into existing fertilization strategies.
Its physical properties such as small particle size and high dispersibility can enhance its uniform distribution in the soil, promoting effective nutrient uptake by plant roots. These advantages are set to contribute to the popularity of sulphur bentonite among farmers and agronomists. These factors are likely to propel growth in the market across the globe.
Robust expansion of the global agriculture sector is a key driver of the sulphur bentonite industry. Significant growth of the agriculture sector is primarily attributable to rising world population and increasing food consumption.
Ongoing expansion might lead to greater crop production, which can promote demand for fertilizers and soil amendments. Sulphur bentonite, being a micronutrient source of sulphur, is likely to become a vital component in farmer fertilization practices.
It helps to address sulphur deficiencies in soil, ensuring optimal plant growth and maximizing crop yields. Expanding agriculture sector, especially in developing regions, might drive demand for sulphur bentonite.
As farmers strive to enhance soil fertility and nutrient levels to support their agricultural activities, demand is expected to surge. Versatility of sulphur bentonite in various cropping systems and its effectiveness in replenishing sulphur would make it a popular product in the growing agriculture sector.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Organic Farming Practices in the United States to Push Agriculture Sulphur Sales
The United States sulphur bentonite market is projected to witness a CAGR of 3.6% during the forecast period from 2023 to 2033. Growing popularity of organic farming is one of the prominent factors propelling demand for sulphur bentonite in the United States.
Organic farming practices prohibit the use of synthetic fertilizers and promote the use of natural inputs. Sulphur bentonite, as an organic-approved sulphur source, might find increasing application in organic farming systems.
The country is witnessing a significant increase in the production and consumption of organic food, driven by consumer preferences for healthier and environmentally friendly choices. This has led to an increased adoption of organic farming practices. Subsequently, demand for organic-approved fertilizers such as sulphur bentonite in the United States has expanded.
Rising Production of Crops in China to Push Demand for Liquid Sulphur for Agriculture
China sulphur bentonite market is estimated to hold around 85% of share in East Asia in 2023. China is one of the key importers of sulphur around the globe and holds a significant share in terms of consumption of sulphur-based fertilizers.
Increasing production of crops and cereals to meet the country’s food and feed demand is also expected to drive growth. Growing focus on expanding oilseeds production to reduce dependency on the world market for agricultural products is anticipated to propel sales of sulphur bentonite during the forecast period.
High Demand for Food in India to Spur Sales of Sulphur Bentonite Fertilizers
India is anticipated to create several lucrative opportunities for sulphur bentonite vendors during the forecast period. The country is expected to showcase a CAGR of 6.6% and is estimated to reach a value of USD 32.3 million at the end of the evaluation period. Increasing population and rising food demand with limited land availability are few factors accelerating growth in the country.
Rising government initiatives and supportive policies to promote sustainable agriculture, increase crop yields, and improve soil health are positively influencing growth. Government agencies and several key manufacturers are offering subsidiaries and financial support to farmers to increase crop yield. It is anticipated to push sulphur bentonite demand in India in the evaluation period.
Liquid Sulphur for Agriculture to Find Extensive Usage in Oilseeds Worldwide
The oilseeds segment is estimated to lead the global sulphur bentonite market with a significant value share of 36.9% in 2023. It is expected to reach a value of USD 138.9 million at the end of the forecast period.
Oilseeds crops such as sunflower, groundnut, sesame, safflower, mustard, and rapeseed are a few of the prominent crops around the world. Sulphur bentonite helps in increasing oil content of groundnuts and other oilseeds.
It is also expected to be used to improve quality and quantity of pulses. Significant advantages offered by sulphur bentonite is one of the key factors bolstering its consumption in the oilseeds segment.
The cereals and crops segment is projected to witness a significant CAGR of 4.7% during the review period. Significant increase in the production of cereals such as maize, wheat, and other grains is anticipated to drive growth. Growing focus on increasing crop yield to meet global demand for food and feed is another key factor bolstering sulphur bentonite sales.
Sulphur bentonite fertilizers play an essential role in increasing soil acidity or lowering soil pH for alkaline soils. They can help in surging nitrogen utilization, phosphate & micronutrient uptake, and improving growth rate of roots.
They can further help in ensuring that the plant extracts the maximum amount of nutrients from the soil. Increasing consumption of sulphur bentonite fertilizers in cereals and crops is anticipated to bolster sales. The segment is likely to create an absolute dollar opportunity of USD 45.9 million at the end of 2023.
Manufacturers in the sulphur bentonite market are investing in technological advancements to improve their manufacturing processes. This includes adopting innovative techniques to enhance production efficiency, optimize resource utilization, and ensure consistent product quality. They are also focusing on the development of customized and specialty sulphur bentonite products to cater to specific customer requirements.
A few other manufacturers of sulphur bentonite are forming strategic partnerships and collaborations to enhance their market presence & capabilities. This includes collaborations with research institutions, agricultural universities, and technology providers to leverage their expertise in product development & innovation.
They are also exploring ways to reduce the environmental impact of sulphur bentonite. They are aiming to minimize sulphur emissions during production and promote responsible use & disposal of the product.
A few companies operating in the field of sulphur bentonite are:
Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 228.7 million |
Projected Market Valuation (2033) | USD 363.4 million |
Value-based CAGR (2023 to 2033) | 4.7% |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Value (USD million) and Volume (tons) |
Market Segments Covered | Application, Region |
Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan & Baltic Countries; Middle East & Africa |
Key Countries Covered | United States, Canada, Mexico, Brazil, Argentina, Germany, France, Italy, United Kingdom, Spain, BENELUX, Russia, Poland, Hungary, Romania, Czech Republic, China, Japan, South Korea, India, Indonesia, Malaysia, Australia and New Zealand, The Gulf Cooperation Council Countries, Türkiye, South Africa |
Key Companies Profiled | Tiger-sul (Tiger Industries Ltd); Devco Australia; Coromandel International; Coogee Chemicals; Gujarat State Fertilizers & Chemicals Limited; Galaxy Sulfur; Montana Sulphur & Chemical Co; Deepak Fertilizers and Petrochemicals; National Fertilizer Limited; Sohar Sulphur Fertilizers LLC; H Sulphur Corp; Chung Kwang; NTCS Group |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The market value for 2023 is USD 228.7 million.
Through 2033, sulphur bentonite sales will rise at a 4.7% CAGR.
The market rose at a 3.6% CAGR from 2018 to 2022.
Price volatility and availability of substitutes will hinder growth.
Oilseeds will be the key application area through 2033.
Estimated Market Size (2024E) | USD 17,576.2 million |
---|---|
Projected Market Value (2034F) | USD 23,503.8 million |
Value-based CAGR (2024 to 2034) | 2.9% |
Estimated Market Size (2024E) | USD 1,549.3 million |
---|---|
Projected Market Value (2034F) | USD 2,827.4 million |
Value-based CAGR (2024 to 2034) | 6.2% |
Market Size (2023) | USD 6,667 million |
---|---|
Market Size (2033) | USD 9,135.4 million |
Market CAGR (2023 to 2033) | 3.2% |
Estimated Year Value (2022E) | USD 65,706.9 Thousand |
---|---|
Projected Year Value (2032F) | USD 116,799.7 Thousand |
Value CAGR (2022 to 2032) | 5.9% |
Explore Fertilizer & Agrochemicals Insights
View ReportsThank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.