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Sulfur Fertilizers Market to Garner $4.1 Bn, Globally, By 2026 at 2.2% CAGR, Says Allied Market Research

- Rise in sulfur deficiency in soils and growing demand for crops that require high sulfur concentration have boosted the growth of global sulfur fertilizer market.PORTLAND, Oregon, April 2, 2020 /PRNewswire/ --A  Allied Market Research recently published a report, titled, "Sulfur Fertilizers Market by Type (Ammonium Sulphate, Single Superphosphate, Sulphate of Potash, Ammonium Nitrate-Sulphate, and Sulphate Containing Compound Fertilizers), and Type of Agriculture (Controlled Environment Agriculture, Conventional Agriculture, and Others): Global Opportunity Analysis and Industry Forecast, 2019a??2026". According to the report, the global sulfur fertilizer industry was pegged at $3.4 billion in 2018, and is projected to $4.1 billion by 2026, growing at a CAGR of 2.2% from 2019 to 2026.Driving factors for the marketRise in sulfur deficiency in soils and growing demand for crops that require high sulfur concentration have boosted the growth of global sulfur fertilizer market. However, trend of organic food and depressing commodity prices hamper the market growth. On the contrary, surge in consumption trend of fertilizers is expected to create lucrative opportunities in the near future.
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