The global sulphur coated urea market 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.
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
- Nutrien Ltd.
- R. Simplot Chemicals
- Turf Care Supply, LLC
- Israel Chemicals Ltd.
- The Andersons, Inc.
- Everris
- Syngenta AG
- Hanfeng Evergreen
- Yara International ASA
- Haifa Chemicals Ltd.
- Koch Industries Inc.
- Luyue Chemical
- Luxi Chemical
- Harrell’s LLC
- PULCU TARIM
- QAFCO
- 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)
Report Preview: https://www.futuremarketinsights.com/reports/sulphur-coated-urea-market
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