The ammonium sulfate fertilizer market is projected to grow by USD 26.74 million with a CAGR of 0.69%, during the forecast period 2020 to 2025.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (cash crops and others) and geography (APAC, North America, Europe, South America, and MEA).
The ammonium sulfate fertilizer market report also offers information on several market vendors, including BASF SE, Bayer AG, China National Chemical Corp. Ltd., China Tianchen Engineering Corp., Domo Chemicals GmbH, Group DF Ltd., Honeywell International Inc., KuibyshevAzot Group, LANXESS AG, and OCI NV among others.
BASF SE - The company offers ammonium sulfate fertilizer for crop production in alkaline soils. The chemicals segment includes operations of the petrochemicals and intermediates divisions. This segment is involved in the supply of basic chemicals and intermediates to other segments.
What will the Ammonium Sulfate Fertilizer Market Size be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the global ammonium sulfate fertilizer market as a part of the global fertilizers and agricultural chemicals market within the overall global chemical industry. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ammonium sulfate fertilizer market during the forecast period.
Ammonium Sulfate Fertilizer Market: Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Ammonium Sulfate Fertilizer Market Driver
- One o the key factors driving growth in the ammonium sulfate fertilizer market is the rising demand from developing countries
- The rapid population growth in counties like India and China is a significant factor that drives the demand for food, which, in turn, drives the demand for fertilizers in the APAC region.
- Rapid urbanization in emerging economies like India has resulted in the reduction of the availability of cultivable land and an increase in food shortages.
- Population growth drives the demand for food products in this region. In addition, the adoption of advanced and scientific cultivation techniques and agricultural practices in APAC contributes to the overall growth of the global ammonium sulfate fertilizer market during the forecast period.
Key Ammonium Sulfate Fertilizer Market Challenge
- The lack of monitoring of counterfeit products will be a major challenge for the ammonium sulfate fertilizer market seeing the forecast period.
- The absence of proper regulatory frameworks makes it impossible for quality checks during the manufacturing or distribution processes; therefore, there are no product recalls even if product-related issues are found at the consumer level. These illegal counterfeit products endanger the lives of people who consume such agro-products as well as the environment and, to an extent, jeopardize the reputation of the original manufacturer.
- One of the major regions affected by the prevalence of counterfeit products is Europe. European agrochemical producers suffer losses of more than a billion per year due to the sales of counterfeit fertilizers.
This ammonium sulfate fertilizer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Ammonium Sulfate Fertilizer Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the ammonium sulfate fertilizer market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Ammonium Sulfate Fertilizer Market?
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57% of the market’s growth will originate from APAC during the forecast period. China, Singapore, and India are the key markets for ammonium sulfate fertilizers in APAC. Market growth in this region will be faster than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing Application Segment in the Ammonium Sulfate Fertilizer Market?
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The ammonium sulfate fertilizer market share growth by the cash crops segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the ammonium sulfate fertilizer market size and actionable market insights on the post-COVID-19 impact on each segment.
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Ammonium Sulfate Fertilizer Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 0.69% |
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Market growth 2021-2025 |
$ 26.74 million |
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Market structure |
Fragmented |
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YoY growth (%) |
0.30 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 57% |
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Key countries |
China, US, France, Singapore, and India |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
BASF SE, Bayer AG, China National Chemical Corp. Ltd., China Tianchen Engineering Corp., Domo Chemicals GmbH, Group DF Ltd., Honeywell International Inc., KuibyshevAzot Group, LANXESS AG, and OCI NV |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Ammonium Sulfate Fertilizer Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive ammonium sulfate fertilizer market growth during the next five years
- Precise estimation of the ammonium sulfate fertilizer market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the ammonium sulfate fertilizer market industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of ammonium sulfate fertilizer market vendors
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