The sulphur bentonite market exhibited steady growth from its 2018 value of US$ 191.5 million to an anticipated US$ 228.7 million in 2023, driven by a projected 4.7% compound annual growth rate (CAGR) in global demand over the assessment period from 2023 to 2033. By the end of 2033, it is expected to reach a market worth US$ 363.4 million, reflecting a promising trajectory in the industry.
Improved agricultural production is increasingly necessary to meet rising food demand as the world’s population grows. In order to replace vital nutrients in the soil and increase crop yields, fertilizers are required.
One of the factors fueling market expansion around the globe is the rising demand for fertilizers with sulfate as a primary ingredient. In 2023, the worldwide sulphur bentonite industry accounted for 4% to 5% of the market for sulfate-based fertilizers.
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Crop quality and productivity can be affected by a lack of sulphur in the soil. Farmers are looking for solutions to enhance nitrogen levels in their crops and manage sulphur deficiency.
Demand for fertilizers based on sulphur bentonite has steadily increased as a result. At the conclusion of the assessment period, the market is expected to generate an absolute dollar potential of US$ 134.7 million.
Rising sulphur bentonite demand is also a result of greater knowledge of the advantages of balanced fertilization. Farmers are now more aware of how crucial it is to provide crops with a wide variety of nutrients in order to maximize their growth potential.
After nitrogen, phosphorus, and potassium, sulfur is frequently referred to as the fourth leading nutrient. It is essential for multiple metabolic activities in plants. As farmers want to attain the ideal nutritional balance in their fields, sulphur bentonite demand has increased.
Regulations and environmental concerns have increased demand for sulphur bentonite. Problems with handling, volatilization, and potential environmental effects can arise when using traditional sulphur fertilizers such as elemental sulphur.
With its controlled-release qualities, sulphur bentonite reduces the danger of sulphur loss and provides a more environmentally responsible choice. Due to its outstanding environmental performance, sulphur bentonite is more in demand as sustainability gains importance in contemporary agriculture.
Demand for sulphur bentonite is expected to rise as a result of expanding agriculture around the world and rising food production needs. The agricultural sector is under increasing pressure to increase productivity and satisfy the soaring food demand as population expansion continues.
A dependable and effective way to increase agricultural yields and guarantee food security is sulphur bentonite. As a result, sulphur bentonite demand is anticipated to increase further as the agricultural sector works to meet the growing demand for food worldwide.
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Key Takeaways from Sulphur Bentonite Market Study:
- The sulphur bentonite industry exhibited a CAGR of 6% in the historical period from 2018 to 2022.
- The United States sulphur bentonite industry is projected to witness a CAGR of 6% during the forecast period.
- China sulphur bentonite industry is estimated to hold around 85% of share in East Asia in 2023.
- India sulphur bentonite industry is estimated to surpass a value of US$ 32.3 million at the end of the evaluation period.
- By application, the oilseeds segment is expected to cross a valuation of US$ 138.9 million at the end of the forecast period.
“Precision farming methods are among the significant technological developments in the agriculture sector that are expected to offer a promising possibility for expansion. With the use of precision agricultural technologies, sulphur bentonite might be precisely applied by farmers to the parts of the field that need supplemental sulphur.” – Says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Competitive Landscape
Sulphur bentonite producers are spending money on technological developments to enhance their production methods. This entails implementing cutting-edge methods to improve production effectiveness, maximize resource usage, and guarantee constant product quality. To meet particular customer needs, they are also concentrating on creating bespoke and customized sulphur bentonite products.
Other sulphur bentonite producers are developing strategic alliances and partnerships to improve their market presence and capabilities. This entails partnerships with technology companies, agricultural universities, and research organizations to make use of their knowledge of product creation and innovation.
They are also looking for ways to lessen the impact of sulphur bentonite on the environment. By promoting appropriate usage and disposal of the product, they hope to reduce sulphur emissions during manufacture.
For instance,
- A well-known producer of sulphur bentonite products is Tiger-Sul Products LLC. It has decades of industry expertise and focuses on making premium sulphur bentonite fertilizers that adhere to the exacting standards of contemporary agriculture.
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Get More Valuable Insights into the Sulphur Bentonite Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global sulphur bentonite industry, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on application (oilseeds, crops & cereals, fruits & vegetables, and others) and regions.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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