Global Thiosulfate Fertilizer Market Size By Type (Liquid Fertilizer, Solid Fertilizer), By Application (Corn, Grain), By Region, And Segment Forecasts, 2023 to 2032

The Global Thiosulfate Fertilizer Market was valued at USD 3.2 billion in 2023 and is projected to surpass USD 5.6 billion by 2031, growing at a CAGR of 7.2% during the forecast period from 2023 to 2031. The increasing demand for high-efficiency fertilizers, combined with the rising adoption of precision agriculture practices, is driving market growth. Thiosulfate fertilizers are widely used to improve soil nutrient availability and enhance crop yield, making them a crucial component of modern agriculture.

The market expansion is also supported by the increasing global population and the subsequent rise in food demand. Farmers are progressively shifting towards liquid fertilizers like thiosulfates, which offer better absorption, reduced nitrogen losses, and improved sulfur supplementation for plants.

Drivers

1. Growing Demand for High-Efficiency Fertilizers

As agriculture faces challenges such as declining soil fertility and climate variability, farmers are seeking advanced fertilizers that provide better nutrient utilization. Thiosulfate fertilizers are known for their ability to enhance nitrogen efficiency and reduce volatilization losses, making them highly desirable.

2. Expanding Adoption of Precision Agriculture

The shift towards precision farming techniques is accelerating the adoption of liquid fertilizers, including thiosulfate formulations. These fertilizers are easier to apply with modern fertigation and spray systems, ensuring optimal nutrient distribution across fields.

3. Increasing Sulfur Deficiency in Soils

Sulfur is an essential nutrient for plant growth, yet its levels in agricultural soils have been declining due to reduced atmospheric deposition and intensive farming practices. Thiosulfate fertilizers act as a reliable source of sulfur, improving overall plant health and crop productivity.

Restraints

1. High Cost of Liquid Fertilizers

Thiosulfate fertilizers, particularly liquid formulations, tend to be more expensive than conventional granular fertilizers. The cost factor may limit adoption, especially among small-scale farmers in developing regions.

2. Storage and Handling Challenges

Liquid thiosulfate fertilizers require specialized storage tanks and handling equipment, which can pose logistical challenges for farmers and distributors. Additionally, improper storage can lead to decomposition and nutrient loss over time.

Opportunities

1. Expansion in Emerging Agricultural Markets

Developing countries in Asia-Pacific and Latin America are witnessing a surge in commercial farming activities. Government initiatives promoting balanced fertilization practices are expected to drive higher adoption of thiosulfate fertilizers in these regions.

2. Increasing Use in Specialty Crops

Thiosulfate-based fertilizers are particularly beneficial for high-value crops such as fruits, vegetables, and oilseeds, which require optimal nutrient management. Their adoption in specialty farming is likely to create significant market opportunities.

3. Technological Advancements in Fertilizer Blending

Ongoing innovations in fertilizer blending and customized nutrient formulations are opening new avenues for thiosulfate fertilizers. Companies are investing in research to develop enhanced formulations that integrate micronutrients and biostimulants for better crop performance.

Market by System Type Insights

Based on the fertilizer type, the Ammonium Thiosulfate (ATS) segment accounted for the largest market share in 2023. Ammonium thiosulfate is widely used due to its ability to enhance nitrogen use efficiency (NUE) while preventing nitrogen losses through volatilization. It is commonly applied in corn, wheat, and soybeans.

The Potassium Thiosulfate (KTS) segment is expected to grow at the highest CAGR during the forecast period, driven by increasing demand for chloride-free potassium sources in horticulture and high-value crops.

Market by End-Use Insights

1. Grains & Cereals

Grains such as wheat, rice, and maize are the largest consumers of thiosulfate fertilizers, accounting for over 40% of total demand in 2023. The growing need for enhanced soil fertility and balanced nutrient supply is fueling adoption.

2. Fruits & Vegetables

The fruits and vegetable segment is projected to witness the highest growth rate, owing to increased demand for premium-quality produce with higher nutritional value. Thiosulfate fertilizers help maintain optimal soil sulfur levels, improving plant metabolism and fruit quality.

3. Oilseeds & Pulses

Oilseeds such as soybean, sunflower, and canola require sulfur supplementation for oil synthesis and protein formation. The use of thiosulfate fertilizers in this segment is rising steadily.

Market by Regional Insights

1. North America (Largest Market)

North America held the largest market share in 2023, driven by strong adoption of liquid fertilizers and advanced agricultural practices. The U.S. and Canada are witnessing increased use of thiosulfate-based fertilizers in large-scale farming.

2. Asia-Pacific (Fastest Growing Market)

Asia-Pacific is expected to register the highest growth rate due to rising food demand, population growth, and government initiatives promoting balanced fertilization. Countries like India and China are rapidly expanding their agricultural productivity, creating lucrative opportunities for thiosulfate fertilizers.

3. Europe

Europe's demand for eco-friendly and sustainable fertilizers is supporting market expansion. Farmers in the region are increasingly adopting low-emission fertilizers to comply with stringent environmental regulations.

Competitive Scenario

Key players in the Global Thiosulfate Fertilizer Market include:

Tessenderlo Group

Nutrien Ltd.

Koch Fertilizer, LLC

Rentech Nitrogen Partners

Martin Midstream Partners L.P.

Yara International

Hydrite Chemical Co.

Haifa Group

These companies are focusing on expansion strategies, product innovation, and partnerships to strengthen their market presence. For instance:

In 2023, Tessenderlo Group launched a new high-efficiency liquid thiosulfate blend targeting large-scale grain and oilseed production.

Koch Fertilizer expanded its production capacity for ammonium thiosulfate (ATS) in North America to cater to rising demand.

Nutrien Ltd. partnered with leading agritech firms in 2024 to develop precision application techniques for thiosulfate fertilizers.

Scope of Work – Global Thiosulfate Fertilizer Market

Key Market Developments

2023: Tessenderlo Group launched a new high-efficiency liquid thiosulfate fertilizer blend for large-scale farming.

2024: Koch Fertilizer expanded its ATS production capacity to meet growing demand in North America.

2025: Nutrien Ltd. partnered with agritech companies to introduce precision application techniques for thiosulfate-based fertilizers.

FAQs

1. What is the current market size of the Global Thiosulfate Fertilizer Market?

The market was valued at USD 3.2 billion in 2023.

2. What is the major growth driver of the Global Thiosulfate Fertilizer Market?

The market is driven by the growing demand for high-efficiency fertilizers and increasing adoption of precision agriculture.

3. Which region is expected to grow the fastest in the market?

Asia-Pacific is projected to be the fastest-growing region due to rising food demand and government initiatives.

4. Which segment accounted for the largest market share?

Ammonium Thiosulfate (ATS) held the largest market share in 2023.

5. Who are the key players in the market?

Major players include Tessenderlo Group, Nutrien Ltd., Koch Fertilizer, Yara International, and Martin Midstream Partners.