Rising Demand for Food and Modern Agriculture to Propel Sulphur Coated Urea Market Growth at 3.3% CAGR Through 2032

Sulphur Coated Urea Market Demand

The global sulphur coated urea market size is projected to grow at a steady CAGR of 3.3%, rising from an estimated valuation of USD 1,050.2 million in 2022 to USD 1,453.0 million by 2032. This growth is driven by the diverse use of sulphur in industries such as agriculture, golf courses, professional lawn care, turf management, and greenhouses. These sectors are fueling increased demand for sulphur coated urea.

According to Future Market Insights, the market exhibited a historic CAGR of 3.4% from 2015 to 2021. However, growth slightly slowed to 3.3% for the 2022-2032 period due to the availability of alternative coated particles. Despite this, the rising number of global golf courses and increased spending on luxury landscaping, such as household lawns, are expected to support market expansion.

Key Takeaways:

  • Sustainability concerns and cost minimization in agriculture are key growth drivers.
  • North America is expected to dominate global sulphur coated urea consumption.
  • Technological advancements in agriculture, particularly in grain crop production, are bolstering market growth.
  • Emerging markets in East and South Asia, including India, China, Japan, and Australia, are expected to see a surge in demand over the next decade.
  • Strict regulations on conventional fertilizers, innovations in product development, and a growing focus on increasing agricultural yields are also driving market demand.

The increasing need for food production, along with investments in agricultural modernization in emerging economies like India and China, is further expected to fuel the demand for sulphur coated urea. Farmers are shifting towards sulphur coated urea for its slow-release properties, cost-effectiveness, and ability to minimize nutrient loss.

Report Preview: https://www.futuremarketinsights.com/reports/sulphur-coated-urea-market

Competitive Landscape:

Key market players are investing in product innovations, such as smaller particle sizes for use on putting greens. These innovations, along with a focus on developing sustainable products and expanding capacity in emerging markets, are expected to drive demand for sulphur coated urea in the coming decade. Leading companies are also striving to reduce their carbon footprints by introducing environmentally friendly products.

Key Companies Profiled

  1. Nutrien Ltd.
  2. R. Simplot Chemicals
  3. Turf Care Supply, LLC
  4. Israel Chemicals Ltd.
  5. The Andersons, Inc.
  6. Everris
  7. Syngenta AG
  8. Hanfeng Evergreen
  9. Yara International ASA
  10. Haifa Chemicals Ltd.
  11. Koch Industries Inc.
  12. Luyue Chemical
  13. Luxi Chemical
  14. Harrell’s LLC
  15. PULCU TARIM
  16. QAFCO
  17. Others

Sulphur Coated Urea Market Segmentation

By Product Type:

  • Wax Sulphur coated Urea
  • Polymer Sulphur coated Urea

By Application:

  • Agriculture
  • Golf Courses
  • Professional Lawn and Turf
  • Other (Nursery, Green Houses, etc.)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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