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Ammonium Sulfate To Help Farmers Increase the Production Quantity of Crops – Global Ammonium Sulfate Market To Grow By A CAGR of Around 3% Throughout 2018-2026

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Research Nester has released a report titled Ammonium Sulfate Market – Global Demand Analysis & Opportunity Outlook 2026” which delivers detailed overview of the global ammonium sulfate market in terms of market segmentation by product form, application and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The global ammonium sulfate market is segmented by application into fertilizers, industries, pharmaceuticals, food & beverages and others, out of which, the fertilizers segment, which held a market share of around 88% in the year 2017 is anticipated to grow at a modest CAGR during the forecast period, i.e. 2018-2026, and attain a significant market share by the end of 2026 owing to the extensive use of ammonium sulfate for enhancement of soil quality and microbial growth, which ultimately leads to the increase in the yield of crops. Moreover, the fertilizer segment in the global ammonium sulfate market is anticipated to cross a value of around USD 3900 million by the end of 2026.

The global ammonium sulfate market is anticipated to achieve a CAGR of around 3% during the forecast period. Growing cultivation of rice around the world along with growing trends of the increasing use of bio-based fertilizers for cultivation are some of the factors anticipated to contribute towards the growth of the global ammonium sulfate market. The global ammonium sulfate market is further predicted to reach a value of around USD 4400 million in the year 2026 from USD 3400 million in the year 2017.

Regionally, the global ammonium sulfate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia Pacific, which held a market share of around 41% in the year 2017, is anticipated to hold the largest market share by the end of 2026 and reach a value of around USD 1900 million by the end of 2026 from USD 1400 million in the year 2017 by growing at a growth rate of around 1.36x during the assessment period owing to increasing cultivation of rice in the nations such as China, India and Japan, where majority of these nations are densely populated requiring the need to focus on increasing the crop productivity within the limited available arable land.

Rising Demand for Fertilizers for Crop Production

In the statistics by the Food & Agricultural Organization (FAO) of the United Nations, the global demand for fertilizers, namely nitrogen, phosphorus and potassium (in total), is anticipated to reach 200919 thousand tonnes in the year 2022 from 185063 thousand tonnes in the year 2016.

Increasing population around the globe and the need to produce food to feed the population is one of the key focus areas of the farmers, the challenge being cultivation of crops in limited available arable land. As such, the farmers use fertilizers to increase the crop productivity so that they can meet the required demand. Nitrogen and sulfur are the two key constituents of fertilizers which help to increase soil fertility. As ammonia is the major raw material for the manufacturing of fertilizers, ammonium sulfate-based fertilizers are made up of 21% nitrogen and 24% sulfur, which thereby proves to be an added advantage for the use of ammonium sulfate in fertilizer applications. Additionally, rising demand for caprolactam, a chemical from which ammonium sulfate is produced, and the capacity addition for the production of the chemical are some of the factors anticipated to drive the growth of the global ammonium sulfate market.

However, concerns regarding availability of substitutes backed by the fact that ammonium sulfate accounts for nearly 4% of the total demand for nitrogen-based fertilizers, are some of the factors anticipated to hinder the growth of the global ammonium sulfate market in the coming years.

This report also provides the existing competitive scenario of some of the key players of the global ammonium sulfate market, which includes company profiling of Sumitomo Chemical Co. Ltd. (TYO: 4005), Nutrien Ltd. (TSE: NTR), Evonik Industries AG (ETR: EVK), Lanxess (ETR: LXS), HELM AG, Domo Chemicals, Merck KGaA (ETR: MRK), DSM (AMS: DSM), Honeywell International Inc. (NYSE: HON) and BASF SE (ETR: BAS). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global ammonium sulfate market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.


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