Global Sulphur-coated Urea Market to grow at a CAGR of 3.3% by 2028

The global Sulphur-coated Urea market size was worth around USD 1050 million in 2021 and is predicted to grow to around USD 1453 million by 2028 with a compound annual growth rate (CAGR) of roughly 3.3% between 2022 and 2028.

The granules of urea are coated with Sulphur as it helps in providing macronutrients to the plant and it is a low-cost option that is an extremely suitable fertilizer for plants. A protective layer is offered due to the use of wax sealant which is extremely beneficial in reducing the microbial degradation of urea. There are three different types of coats that are offered in the market which are damaged coatings, and these damaged coatings have cracks that are sealed with the help of wax, there are damaged coatings that have visible cracks, and thick coatings of sulfur that are perfect. Many nations across the world are taking steps to increase the productivity of crops for meeting the demand of the growing population due to which the use of sulfur-coated urea will be more during the forecast period as it helps in increasing productivity and the quality of the crops.

Landscaping trend in residential complexes and urban areas has grown significantly in recent years due to which the demand for sulfur-coated urea will increase during the forecast period.

The amount of land which is available for agriculture is reducing and the need for food grains or various crops has increased due to which the demand for specialty fertilizers will increase as it helps in increasing production and it also helps in yielding better crops. Nutrients that are released in the soil through the use of sulfur-coated urea are at a conventionally slow speed due to which a higher yield can be obtained. It is a cost-effective method that blends well with urea, and this happens to be the most appropriate alternative for the management of nitrogen which is an extremely important element in the growth of crops.

The outbreak of the COVID-19 pandemic also challenged the global sulphur-coated urea market as the distribution of fertilizers and production had seen a negative effect. In many nations across the world, the logistic functions were disrupted to a great extent, and it had a major impact on the agricultural sector as well. Global demand for sulfur-coated urea had decreased. The cost of air freight also increased after the outbreak of the COVID-19 pandemic, and this led to a decrease in the use of sulfur-coated urea.

As the purchasing power has increased the amount of money spent on luxuries has also grown. The demand for household lawns will lead to increased use of sulfur-coated urea. In order to earn higher profit margins and increase agricultural produce, many farmers are making use of sulfur-coated urea.

Modernization in the agricultural sector will also lead to increased use of sulfur-coated urea and the number of investments made in the agricultural sector in order to come up with modern techniques has grown in order to have better production. Organizations in various nations and an increase in the population will also drive the global sulphur-coated urea market growth.

Concerns about the environment will challenge the market growth as a lot of polluting gases are released in the manufacturing of urea. These toxic materials are extremely harmful to algae and plants. The market growth of sulfur-coated urea will be hindered due to the availability of different alternatives and the high cost of this fertilizer.

The global sulphur-coated urea market can be segmented on the basis of the product type, the end user, and geography.

Depending on the type of the product, the polymer coated urea segment will have a larger market share in the coming years and this has dominated the market in the past. Releasing the nutrients could be irregular in the use of other types of products but when it comes to the polymer coating, nutrients are released regularly which proves to be extremely beneficial for the growth of the plant.

This type of fertilizer is hydrophobic which is water insoluble, and this also proves to be a major benefit for the growth of the crops. Coating material plays an important role in the release of nutrients, and they are most commonly used for crops that are high in value, specialty crops, nurseries, vegetables, and orchards.

Depending on the basis of the end user, maximum revenue will be generated by the agricultural sector. Urbanization and modernization will lead to increased use of this product. Initiatives taken by the government are extremely beneficial for making use of modern techniques in agriculture. The adoption of sulfur-coated urea is maximum in many nations due to a growing demand for food grains and food products.

The Asia Pacific region will have the maximum consumption of sulfur-coated urea due to a growing demand for crops and an increase in disposable income. The availability of vast stretches of land for agriculture will also create a greater demand for sulfur-coated urea. Lucrative opportunities for the growth of Sulphur coated urea market will be provided by India and China in due course. As the number of manufacturers in the Asia Pacific region are more the horticulture business is also growing. Farming practices in the Asia Pacific region are sustainable as well as advanced as the government is concerned about the environment.

The global sulphur-coated urea market is dominated by players like Agrium Inc., Andersons Inc., Haifa Chemicals Ltd., Koch Industries Inc., J. R. Simplot Company, Israel Chemicals Ltd., Syngenta AG, Yara International ASA, and Harrell’s LLC

Recent developments

• As the agricultural industry in Colombia is growing rapidly Haifa Colombia SAS was established by the Haifa group in the year 2017 which happens to be a subsidiary that will be serving the agriculture industry.
• Polyon brand of Koch agronomic services was acquired by Harrell's LLC in the year 2019 and this acquisition will be helpful for the Technology which is associated with Brand, the manufacturing capability, and patents of the brand

This review is based on a report by Zion Market Research, titled “Sulphur-Coated Urea Market  By Product Type( Wax Sulfur Coated Urea, Polymer Sulfur Coated Urea), By Application (Agriculture, Golf Courses, Professional Lawn And Turf, Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/sulfur-coated-urea-market

The global sulphur-coated urea market is segmented as follows:

 By product type

• Wax sulfur coated urea
• Polymer sulfur coated urea

By application

• Agriculture
• Golf courses
• Professional lawn and turf
• Other

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com