Concern over sustainability and cost minimisation are increasing at a considerable pace in the agriculture sector across the globe, in turn driving demand for sulphur coated urea.
The report includes marketing strategies undertaken by manufacturers that significantly drive the sulphur coated urea market. This study analyses, estimates and forecasts the global sulphur coated urea market from the supply perspective, in terms of revenue (US$ Bn) during the forecast period. The report also highlights the impact of various drivers and restraints in the market during the forecast period.
Sulphur coated urea is a controlled release fertiliser produced by coating hot urea by molten sulphur polyurethane oil or a microcrystalline wax. The ideal ratio comprises 30%-40% nitrogen and around 20% sulphur. There are two types of sulphur coated urea: wax sulphur coated urea and polymer sulphur coated urea. Sulphur coated urea finds application in agriculture, golf courses, professional lawn care and turf, greenhouses, horticulture and nurseries.
Market Drivers and Restraints
The global sulphur coated urea market is primarily driven by a few factors that include growing concerns about sustainability and cost minimization in the agriculture sector, stringent regulations on conventional fertilizers, increasing number of recreational arenas across the world that require turf grass such as golf courses and concerns about eutrophication. Furthermore, growing urbanization and increase in food consumption globally are also influencing demand for sulphur coated urea.
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Increasing urbanization, coupled with spending preferences on luxury amenities, has widened the application area for sulphur coated urea and catalyzed its demand worldwide. Owing to a substantial increase in the number of high-net-worth individuals, the trend of growing investments on recreational and sporting activities is expected to increase. Worldwide focus as well as development in sports infrastructure is paving the way for increased demand for sulphur coated urea owing to its complementary properties in non-agricultural activities.
To understand and assess opportunities in this market, the report is categorically divided into various sections such as market analysis by region, by product type and by application. The report also offers competitive landscape (including competition dashboard and company profiles) and analyses the global sulphur coated urea market in terms of market value (US$ Mn) & volume (‘000 tonnes).
The report starts with an overview of the sulphur coated urea market across the globe. In the other sections, FMI covers key trends, drivers and inhibitors from supply and demand perspectives. It also covers market opportunities in the sulphur coated urea market. Impact analysis of the key growth drivers and inhibitors, based on the weighted average model, is included in the report to better equip and arm clients with crystal-clear, decision-making insights.
Market Segments
By region, North America and Asia Pacific Excluding Japan (APEJ) dominated the global sulphur coated urea market in 2015 in terms of revenue, together accounting for over 60% share of the overall market. APEJ and Latin America are forecast to expand at a relatively high CAGR during the forecast period.
Key players in the market are focusing on expanding their footprints in emerging markets largely through mergers and acquisitions. Consolidation in the sulphur coated urea industry has facilitated market leaders, such as Agrium Inc., to expand their businesses in various geographies, thereby increasing their market share.
By product type, polymer sulphur coated urea segment accounted for over 90.0% of the overall sulphur coated urea market in 2015 both in terms of value and volume. Expanding at a CAGR of around 4% over the forecast period, the segment is projected to dominate the market over 2016–2026.
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Competitive Landscape
Key market players covered in the report include Agrium Inc., Israel Chemicals Ltd., Syngenta AG, Andersons Inc., Yara International ASA, Harrell’s LLC, Koch Industries Inc., Haifa Chemicals Ltd., and J. R. Simplot Company. Most players in the market are engaged in various activities such as mergers and acquisitions, increasing investments in technological developments, geographical expansion and brand building via strong marketing strategies in order to sustain their position in the competitive market.
Key Segment
By Application
- Agriculture
- Golf Courses
- Professional Lawn and Turf`
- Other (Nursery, Green Houses, etc.)
By Product Type
- Wax Sulphur coated Urea
- Polymer Sulphur coated Urea
By Region
- APEJ
- North America
- Western Europe
- Latin America
- Eastern Europe
- Middle East and Africa
- Japan
Table of Content
1. Global Sulphur coated Urea Market – Executive Summary
2. Research Methodology
3. Assumptions and Acronyms Used
4. Sulphur Coated Urea Market: Market Overview
5. Global Sulphur Coated Urea Market Analysis and Forecast By Application
to be continued…!
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