VALLEY COTTAGE, N.Y. – Sulphur bentonite contains about 90% elemental sulphur and 10% of bentonite clay. The worldwide market of sulphur bentonite has been growing moderately against the backdrop of promising growth of worldwide sulphur and bentonite markets along with increasing agricultural yield. To reduce import taxes and duties, various sulphur bentonite manufacturing plants have been established locally. For instance, NEAIS, and Tiger-sul have set up manufacturing plants in China, and India to satiate sulphur bentonite demand in APAC.
To tackle sulphur deficiency, governments across the globe are providing traditional sulphur-derived fertilizers, such as ammonium phosphate sulphate (APS), and ammonium sulphate (AS) at subsidized prices. On the flip side, specialty fertilizers, including sulphur bentonite, are non-subsidized and are available at premium prices. Further, APAC and Europe are dependent on other regions for import of sulphur bentonite, thereby adding to the expenses.
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Asia Pacific (APAC) and North America continue to offer lucrative prospects to manufacturers owing to swelling bentonite production, and agricultural investments. Further, this FMI study reveals that the global sulphur bentonite market is projected to grow healthily, reaching ~US$ 280 Mn over the next decade.
Surging Application in Oilseed and Cereal Crops
Demand for sulphur bentonite remains prominent in the production of oilseeds, especially in APAC. On the other hand, sulphur bentonite is witnessing rapid traction in the production of cereals, pulses and crops. There are strong indications that application of sulphur bentonite in both oilseeds and cereals will generate ~US$ 100 Mn towards the end of projection period. Furthermore, sales of sulphur bentonite increase modestly for yielding fruits & vegetables and lawn, turf, and trees.
Preview Analysis Of2019 Analysis and Review of Sulphur Bentonite Market by Application – Oilseeds, Cereals, Pulses & Crops, Fruits & Vegetables, Lawn, Turfs, and Trees for 2019 – 2029:https://www.futuremarketinsights.com/reports/sulphur-bentonite-market
Market Growth Driven by Sulphur Deficiency of Soil and Increasing Crop Production
Sulphur is regarded as the fourth most important vital ingredient for crops, after nitrogen, phosphorus and potassium. On the contrary, studies continue to advocate sulphur deficiency in global agricultural sector, particularly in developing regions. Such a situation demands specialized fertilizers, such as sulphur bentonite, owing to affluent sulphur content.
Another factor driving the sulphur bentonite market is the increasing production of various crops. APAC is the leading producer of rapeseed, rice, and wheat in terms of area (in Hectares). Latin America leads the global soybean production, while Western Europe leads worldwide production of sunflower, and grapes.
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Analysts at FMI suggest that “Global sales of sulphur bentonite are set to boost despite subsidization of conventional sulphur-based fertilizers. Market players are focusing on establishment of sulphur manufacturing plants at local level to ensure expanded consumer base.”
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