Ammonium Sulfate Market: Current Analysis and Forecast (2022-2028)

The global ammonium sulfate market is likely to showcase a growth of around 6% during the forecast period. According to the United Nations report, the world population is projected to reach 8.6 billion in 2030 and 9.8 billion in 2050. This rising population is increasingly pressuring the agricultural industry to improve crop production. For instance, as per the United Nations Food and Agriculture Organization (FAO), to feed the growing population, the agriculture industry will need to produce 70% more food while only being able to use 5% more land. Since most of the arable land is already farmed, therefore this growth is required to meet from high yield, thereby driving the market for agrochemicals. Ammonium sulfate is one of the first fertilizers for crop production. Nowadays, it is primarily used where there is a need for supplemental nitrogen (N) and sulfur (S) to meet the nutritional requirement of growing plants. It provides an excellent source of S which has numerous essential functions in plants, including protein synthesis. Therefore, it is expected that increasing demand for fertilizer would propel the market for ammonium sulfate.

Insights Presented in the Report:

"Amongst type, dry category held a prominent share in the market in 2020"

Based on type, the market is categorized as dry and liquid. Of both, the dry category accounted for a significant share in the market as it is widely used in the fertilizer application which is one of the biggest consumers of ammonium sulfate. Further, dry ammonium sulfate is easily dissolvable in the water and odorless which is promoting its demand in various application areas.

"Amongst applications, fertilizers accounted for a significant share in 2020"

Based on application, the market is categorized into fertilizers, pharmaceuticals, food & feed additives, water treatment, and others. Among these, fertilizer accounted for a significant share in the market and is expected to maintain a strong position during the forecast period owing to a large and growing demand for crop protection chemicals among farmers.

"Asia-Pacific is expected to retain its position during the forecast period"

For a better understanding of the market adoption of Ammonium Sulfate, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The large base of the agriculture sector of the Asia-Pacific helped the region to obtain a dominating position in the market. Regional demand for agrochemicals due to agriculture consumption is needed in order to feed the growing and already higher population. This in turn will boost the demand for ammonium sulfate. In addition, a large base of pharmaceuticals, food & beverage, and water treatment industries are further supporting the regional ammonium sulfate market.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry

The study comprehensively covers the market across different segments

Deep dive country-level analysis of the industry

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