Sulphur-Coated Urea Market Size, Share, Growth, Trends, and Forecast, 2028

Sulphur-Coated Urea Market Size & Industry Analysis:

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 report analyzes the global sulphur-coated urea market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the sulphur-coated urea market.

Sulphur-coated Urea Market: Overview

Urea is being extensively used as a nitrogen fertilizer for the good growth of crops. The reducing size of the arable lands which is majorly due to urbanization and industrialization or even due to the land degradation which occurs because of heavy flooding will lead to a growing demand for urea. Particles of urea are coated with sulfur, and this results in a sealant that always benefits nitrogen for the growth of the plant.

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The sulfur-coated urea acts like a fertilizer that is slowly released for the use of plants which is due to the coating which is present on urea. The efficiency of nitrogen has increased due to the presence of wax on the granules. It helps in improving the growth of the plant and it also reduces the pollution of water. Soil compaction is reduced to a great extent due to the use of sulfur-coated urea. Sulfur-coated urea presents the benefits of sulfur fertilizers and nitrogen fertilizers to plants.

The global sulfur-coated urea market is expected to grow as the amount of money spent on luxuries has grown drastically in recent years, especially in the developed nations of the world. Growing demand for household lawns has resulted in increased growth of demand for several years period to increase the number of agricultural yields and increase the profit earned by the farmers. Personal lawns in various bungalows and residential complexes will also lead to the growth of the market to a great extent.

Landscaping has also seen a greater demand, especially in urban areas across the world which will complement the market growth of sulfur-coated urea market. As sulfur-coated urea helps in better penetration of various nutrients for the soil, the demand for sulfur-coated urea will grow significantly. Higher efficiency is exhibited as the nutrients are available for the plants directly near the roots of a plant. Sulfur-coated urea is used on a large scale in the agricultural sector and it is an extremely popular fertilizer that is used in the market. Modernization in the agricultural field will lead to increased use of this product. This also provides greater profit margins for the manufacturers due to which the market is expected to show significant growth during the forecast period.

Key Insights

• As per the analysis shared by our research analyst, the global Sulphur-coated Urea market is estimated to grow annually at a CAGR of around 3.3% over the forecast period (2022-2028).
• In terms of revenue, the global Sulphur-coated Urea market size was valued at around USD 1050 million in 2022 and is projected to reach USD 1453 million, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• The global Sulphur-coated Urea market cap may grow owing to the increased use in greenhouses, lawn care, golf courses, horticulture as well as nurseries.
• Based on the type, the polymer sulphur-coated urea segment is expected to generate maximum revenue during the forecast period.
• Based on the end user, the agricultural sector is expected to generate maximum revenue in the coming years. Different types of trace elements and sulfur are used in the coating of urea with the help of her machine which is used for coating. As food products have a greater demand across various nations the need for sulfur-coated urea will increase.
• Based on region, the Asia Pacific region will dominate the market in the coming years as it has dominated in the year 2021.

Sulphur-coated Urea Market: Growth Drivers

Growing demand for food products to drive the global market expansion

Arable land is limited across various nations around the globe and there is a growing demand for higher productivity in the agricultural sector which will lead to increased use of the sulfur coated urea in the coming years. The trend of home gardening and modern agriculture will also prove to be a major factor in the growth of this market during the forecast period. Modern agricultural activities make use of hybrid seeds. The desired characteristics from the plants of these seeds may not be consistently the same in the upcoming generation and they shall provide good opportunities for the growth of the global sulphur-coated urea market. Specialized fertilizers are seeing a greater demand in the agricultural sector as the land available for agriculture is less and the amount of food required to meet the demand of the population is increasing rapidly.

Sulphur-coated Urea Market: Restraints

High cost of sulfur coated urea to restrict market growth

The fertilizer available in the market is high in cost due to its use on a large scale not being possible even in the agricultural sector. It can only be used more in the commodity crops due to which the market growth of sulfur-coated urea will be hindered to a great extent in the coming years.

Sulphur-coated Urea Market: Opportunities

Initiatives taken by the government across the globe to provide growth prospects

Higher yields are the focus of the government across various nations and the governments are constantly emphasizing making use of modern techniques in the agricultural sector which will help in maximizing the efficiency due to which the market is expected to grow well in the coming years and it will provide good opportunities for the growth of the global sulphur-coated urea market during the forecast period.

Sulphur-coated Urea Market: Challenges

 Air pollution is a major challenge for market growth

When it comes to the production of sulfur-coated urea there are many hazards to the environment and these hazards have grown significantly in recent times. Toxins like domoic acid are produced due to the pollution caused by urea and they have a greater impact on algae and ocean plants. This is a major challenge that will limit market growth.

Sulphur-coated Urea Market: Segmentation

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

Based on the type, the market is segmented into wax sulfur-coated urea and polymer sulfur coated urea.Polymer sulphur-coated urea will generate maximum revenue which is expected to be about 42% in the coming years. This type of product helps in solving the issue of intermittent nutrient release due to which the market is expected to grow substantially. The polymer coating is provided in a thin format over the Sulphur coating in this type of product which helps in the temporary isolation of urea from the environment of the soil. Coating material plays a very important role in releasing nutrients into the soil due to which this specialty product is used extensively in the production of vegetables, nurseries, orchards, and in crops that have a higher value.

Based on the end user, the market is segmented into agriculture, golf courses, professional lawn & turf, and others. The agricultural sector will generate maximum revenue in the coming years period, this happens to be the most popular fertilizer which is used in the agricultural sector as it provides various other trace elements in the soil which help in the healthy growth of the plants. As food products are in greater demand across the world and the agricultural sector is making use of modernized techniques the demand for sulfur-coated urea will increase substantially. It also helps in increasing the profit margins earned by the farmers due to which this type of fertilizer is used on a large scale. Adoption of smart techniques in the farming sector especially in the nations like India will prove to be a boon for the market.

Recent Developments:

• ChemChina as well as Sinochem entered a merger in the year 2020 and this merger of the agricultural assets of both these companies will be together known as Syngenta. The majority of the agricultural assets will be acquired from Sinochem.
• A 400 million U.S. dollar deal will help Yara in attaining Tata chemicals and this acquisition will help in taking over the urea plant as well as the distribution business which is in the state of Uttar Pradesh.

Sulphur-Coated Urea Market Report Scope:

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Sulphur-coated Urea Market: Regional Analysis

Major growth opportunities for the sulphur-coated urea market will be provided in the Asia Pacific region.

The agricultural sector in the Asia Pacific region is robust and resurgent, which plays a significant role in the growth of the market. Increasing demand for higher food production and the use of fertilizers in the agricultural sector will create more demand for sulfur-coated urea. The land which is used to produce food is scarce and this will further create more demand for various specialty fertilizers which help in increasing the productivity of the smaller patches of land, especially in the nations like India as well as China. Lucrative opportunities for the expansion of the market will be provided by China due to the major advancements in the agricultural industry and technological upgradation.

Sulphur-coated Urea Market: Competitive Analysis

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.

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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