by The global Sulfur Coated Urea Market is estimated to be valued at US$ 1114.76 Mn or Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Sulfur coated urea (SCU) is a fertilizer product developed to help farmers improve their nutrient use efficiency. SCU involves coating prilled or granular urea with a thin layer of elemental sulfur. This coating process slows the conversion of urea to ammonium and the release of ammonia gas into the atmosphere. As a result, nitrogen from SCU remains available in the soil profile for an extended period, providing plants with a steady supply of nitrogen over time. SCU’s controlled-release properties allow farms to apply nutrients more precisely according to crop needs. This reduces the need for multiple fertilizer applications and prevents losses to the environment.
Market key trends:
One of the key trends in the sulfur coated urea market is the growing adoption of precision farming and protected agriculture practices worldwide. Precision farming enables real-time soil and crop monitoring to determine the exact fertilizer requirement for optimal plant growth. Since SCU releases nutrients gradually in sync with plant uptake, it is increasingly being used in precision farming setups. Another major trend is the rising global food demand amid a growing population which is propelling agricultural production. SCU helps boost crop yields through efficient nutrient utilization which is necessary to meet rising food demand.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the sulfur coated urea market is moderate. The market requires high R&D investments and well established distribution networks.
Bargaining power of buyers: The bargaining power of buyers is high due to the availability of substitutes. Buyers can switch to alternatives depending on price fluctuations.
Bargaining power of suppliers: A few large players dominate the supply side. This gives them significant bargaining power over buyers.
Threat of new substitutes: Alternatives like urea formaldehyde compete with sulfur coated urea. Continuous innovations can increase the threat of substitution.
Competitive rivalry: Being a consolidated market, competition among existing players is high. Companies focus on expanding their product portfolios and global footprint to gain market share.
Key Takeaways
The global Sulfur Coated Urea Market Share size is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing demand for controlled-release fertilizers.
The global Sulfur Coated Urea Market is estimated to be valued at US$ 1114.76 Mn or Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Sulfur coated urea (SCU) is a fertilizer product developed to help farmers improve their nutrient use efficiency. SCU involves coating prilled or granular urea with a thin layer of elemental sulfur. This coating process slows the conversion of urea to ammonium and the release of ammonia gas into the atmosphere. As a result, nitrogen from SCU remains available in the soil profile for an extended period, providing plants with a steady supply of nitrogen over time. SCU’s controlled-release properties allow farms to apply nutrients more precisely according to crop needs. This reduces the need for multiple fertilizer applications and prevents losses to the environment.
Market key trends:
One of the key trends in the sulfur coated urea market is the growing adoption of precision farming and protected agriculture practices worldwide. Precision farming enables real-time soil and crop monitoring to determine the exact fertilizer requirement for optimal plant growth. Since SCU releases nutrients gradually in sync with plant uptake, it is increasingly being used in precision farming setups. Another major trend is the rising global food demand amid a growing population which is propelling agricultural production. SCU helps boost crop yields through efficient nutrient utilization which is necessary to meet rising food demand.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the sulfur coated urea market is moderate. The market requires high R&D investments and well established distribution networks.
Bargaining power of buyers: The bargaining power of buyers is high due to the availability of substitutes. Buyers can switch to alternatives depending on price fluctuations.
Bargaining power of suppliers: A few large players dominate the supply side. This gives them significant bargaining power over buyers.
Threat of new substitutes: Alternatives like urea formaldehyde compete with sulfur coated urea. Continuous innovations can increase the threat of substitution.
Competitive rivalry: Being a consolidated market, competition among existing players is high. Companies focus on expanding their product portfolios and global footprint to gain market share.
Key Takeaways
The global Sulfur Coated Urea Market Share size is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing demand for controlled-release fertilizers.
Regional analysis
North America dominates the global market followed by Asia Pacific. Asia Pacific is expected to grow at the fastest rate during the forecast period owing to rising agriculture in China and India. Countries like Brazil and Argentina are also contributing to the growth of sulfur coated urea market in South America.
Key players
Key players operating in the sulfur coated urea market are Agrium Inc., Israel Chemicals Ltd., Syngenta AG., Yara International ASA, Andersons Inc., Haifa Chemicals Ltd, J. R. Simplot Company, Koch Industries Inc., Harrell’s LLC. These players are focusing on new product launches and expansion strategies to gain a competitive edge in the market
Regional analysis
North America dominates the global market followed by Asia Pacific. Asia Pacific is expected to grow at the fastest rate during the forecast period owing to rising agriculture in China and India. Countries like Brazil and Argentina are also contributing to the growth of sulfur coated urea market in South America.
Key players
Key players operating in the sulfur coated urea market are Agrium Inc., Israel Chemicals Ltd., Syngenta AG., Yara International ASA, Andersons Inc., Haifa Chemicals Ltd, J. R. Simplot Company, Koch Industries Inc., Harrell’s LLC. These players are focusing on new product launches and expansion strategies to gain a competitive edge in the market
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals.
