In 2018, the sulphur bentonite market had a value of US$ 191.5 million. In 2023, the market is anticipated to generate US$ 228.7 million.
Global demand is expected to grow at a 4.7% CAGR between 2023 and 2033. A market worth US$ 363.4 million is expected to exist by the end of 2033.
Improving agricultural production is becoming increasingly important as the world’s population expands. Fertilizers are necessary to restore key nutrients in the soil and boost crop yields.
Rising demand for fertilizers containing sulfate as a key ingredient is one of the factors driving global market expansion. By 2023, the global sulphur bentonite sector would contribute for 4% to 5% of the sulfate-based fertilizer market.
A shortage of sulphur in the soil can have an impact on crop quality and yield. Farmers are looking for ways to boost nitrogen levels in their crops while also dealing with sulphur deficit.
As a result, demand for sulphur bentonite-based fertilizers has gradually climbed. The market is estimated to create an absolute dollar potential of US$ 134.7 million at the end of the evaluation period.
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Rising sulphur bentonite demand is also a result of greater knowledge of the advantages of balanced fertilization. Farmers are now more aware of how crucial it is to provide crops with a wide variety of nutrients in order to maximize their growth potential.
After nitrogen, phosphorus, and potassium, sulfur is frequently referred to as the fourth leading nutrient. It is essential for multiple metabolic activities in plants. As farmers want to attain the ideal nutritional balance in their fields, sulphur bentonite demand has increased.
Regulations and environmental concerns have increased demand for sulphur bentonite. Problems with handling, volatilization, and potential environmental effects can arise when using traditional sulphur fertilizers such as elemental sulphur.
With its controlled-release qualities, sulphur bentonite reduces the danger of sulphur loss and provides a more environmentally responsible choice. Due to its outstanding environmental performance, sulphur bentonite is more in demand as sustainability gains importance in contemporary agriculture.
Demand for sulphur bentonite is expected to rise as a result of expanding agriculture around the world and rising food production needs. The agricultural sector is under increasing pressure to increase productivity and satisfy the soaring food demand as population expansion continues.
A dependable and effective way to increase agricultural yields and guarantee food security is sulphur bentonite. As a result, sulphur bentonite demand is anticipated to increase further as the agricultural sector works to meet growing demand for food worldwide.
Key Takeaways from Sulphur Bentonite Market Study:
- The sulphur bentonite industry exhibited a CAGR of 6% in the historical period from 2018 to 2022.
- The United States sulphur bentonite industry is projected to witness a CAGR of 6% during the forecast period.
- China sulphur bentonite industry is estimated to hold around 85% of share in East Asia in 2023.
- India sulphur bentonite industry is estimated to surpass a value of US$ 32.3 million at the end of the evaluation period.
- By application, the oilseeds segment is expected to cross a valuation of US$ 138.9 million at the end of the forecast period.
“Precision farming methods are among the significant technological developments in the agriculture sector that are expected to offer a promising possibility for expansion. With the use of precision agricultural technologies, sulphur bentonite might be precisely applied by farmers to the parts of the field that need supplemental sulphur.” – Says a lead analyst at Future Market Insights (FMI).
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Competitive Landscape
Sulphur bentonite producers are spending money on technological developments to enhance their production methods. This entails implementing cutting-edge methods to improve production effectiveness, maximize resource usage, and guarantee constant product quality. To meet particular customer needs, they are also concentrating on creating bespoke and customized sulphur bentonite products.
Other sulphur bentonite producers are developing strategic alliances and partnerships to improve their market presence and capabilities. This entails partnerships with technology companies, agricultural universities, and research organizations to make use of their knowledge of product creation and innovation.
They are also looking for ways to lessen the impact of sulphur bentonite on the environment. By promoting appropriate usage and disposal of the product, they hope to reduce sulphur emissions during manufacture.
For instance,
- A well-known producer of sulphur bentonite products is Tiger-Sul Products LLC. It has decades of industry expertise and focuses on making premium sulphur bentonite fertilizers that adhere to the exacting standards of contemporary agriculture.
Top Key Player in the Global Market
- 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
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Key Segmentation
By Application:
- Oilseeds
- Cereals and Crops
- Fruits and Vegetables
- Others (Lawns, Turf, Trees, and Others)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials sector. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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