Global Sulphur Bentonite Market Size By Type (Sulphur-90%, Others (Sulphur-85% etc.)), By Application (Oilseeds, Cereals and Crops), By Region, And Segment Forecasts, 2023 to 2032
Report Id: 20720 | Published Date: Nov 2024 | No. of Pages: | Base Year for Estimate: Nov 2024 | Format:
The Global Sulphur Bentonite Market was valued at USD 135 million in 2023 and is expected to reach USD 270 million by 2031, registering a CAGR of 9.0% from 2023 to 2031. The market's expansion is driven by the increasing use of sulphur bentonite as an effective soil amendment product that addresses sulphur deficiencies, which is critical for optimal crop yield. Sulphur bentonite enhances nutrient uptake, improves plant health, and significantly supports sustainable agriculture, especially in sulphur-deficient soils. With the growth of the agriculture industry and increased awareness of soil nutrition, the demand for sulphur bentonite is projected to surge globally.
Drivers:
Rising Need for Soil Fertility: As global
agriculture intensifies, soil nutrient depletion has become a concern. Sulphur
bentonite addresses these issues by enhancing soil health and crop
productivity.
Increasing Demand for High-Quality Crops:
The need for nutrient-rich crops is promoting the adoption of soil amendments
like sulphur bentonite, which enhances nutrient density and crop quality.
Growing Awareness of Sustainable
Agriculture: Sulphur bentonite is a vital component in sustainable farming
practices, supporting efficient resource use, improved yield, and reduced
environmental impact.
Restraints:
High Cost of Production: The extraction,
processing, and transportation of bentonite involve considerable costs, which
can affect overall market pricing.
Limited Awareness in Developing Markets:
Despite the benefits, sulphur bentonite adoption in some regions is hampered by
limited knowledge and availability.
Opportunities:
Expansion in Emerging Markets: Rapid
agricultural development in regions such as Asia-Pacific and Africa presents
opportunities for sulphur bentonite producers.
Product Innovation: Continued research and
development in soil fertility products, including bentonite formulations with
enhanced nutrient delivery, offer significant potential for market players.
Market
by System Type Insights:
The Granular Sulphur Bentonite segment
dominated the market in 2023, largely due to its ease of application and
efficacy in nutrient delivery. This segment is expected to retain its
leadership, driven by innovations that improve nutrient solubility and absorption
rates.
Market by End-Use Insights:
In terms of end-use, Agricultural
Applications were the largest revenue contributors in 2023, accounting for over
60% of the market share. Agriculture's need for nutrient-rich soils to support
crop health continues to drive the demand for sulphur bentonite as a primary
soil amendment product.
Market
by Regional Insights:
The Asia-Pacific region held the largest
market share in 2023, driven by its vast agricultural lands and emphasis on
improved crop yield. This region, particularly countries like India and China,
is anticipated to continue its growth due to an increasing focus on
agricultural productivity and soil health management.
Competitive
Scenario:
Key players in the Global Sulphur Bentonite
Market include Tiger-Sul Products LLC, Coogee Chemicals Pty Ltd, Coromandel
International Limited, H Sulphur Corp, and National Fertilizers Limited.
Companies are focusing on strategic partnerships, geographic expansion, and
R&D efforts to strengthen their market position. Recent developments
include new product launches by Tiger-Sul Products and expansions by Coromandel
International into emerging markets to meet growing demand.
Scope
of Work – Global Sulphur Bentonite Market
Report
Metric |
Details |
Market Size (2023) |
USD 135 million |
Projected Market Size (2031) |
USD 270 million |
CAGR (2023-2031) |
9.0% |
Key Segments |
System Type (Granular, Pastille); End-use
(Agriculture, Horticulture) |
Growth Drivers |
Soil nutrient depletion, demand for
high-quality crops |
Opportunities |
Expansion in emerging markets, product
innovation |
Key
Market Developments:
2023: Tiger-Sul Products LLC launched a new
high-solubility sulphur bentonite product designed to improve nutrient
availability in various soil types.
2024: Coromandel International Limited
expanded its production capacity in India to cater to the growing demand for
agricultural sulphur bentonite in the Asia-Pacific region.
2025: National Fertilizers Limited announced
a strategic partnership with a regional distributor in Latin America to expand
its market reach for soil health products.
FAQs
What is the current market size of the
Global Sulphur Bentonite Market?
The Global Sulphur Bentonite Market was
valued at USD 135 million in 2023.
What is the major growth driver of the
Global Sulphur Bentonite Market?
The primary growth driver is the rising
demand for soil fertility products that improve crop yield and support
sustainable agriculture.
Which is the largest region during the
forecast period in the Global Sulphur Bentonite Market?
Asia-Pacific is anticipated to remain the
largest region, supported by its extensive agricultural sector and soil health
initiatives.
Which segment accounted for the largest
market share in the Global Sulphur Bentonite Market?
The Granular Sulphur Bentonite segment
accounted for the largest market share due to its effective application and
nutrient delivery capabilities.
Who are the key market players in the
Global Sulphur Bentonite Market?
Key market players include Tiger-Sul
Products LLC, Coogee Chemicals Pty Ltd, Coromandel International Limited, H
Sulphur Corp, and National Fertilizers Limited.
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