11630 SW 97 Street, Miami, Florida 33176, US
Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
Urea Ammonium Sulfate Market Overview
Urea Ammonium Sulfate Market size is forecast to reach US$427.5 billion by the end of the year 2027 and is set to grow at a CAGR of 4.1% during the forecast period 2022-2027. The increase in the growth of urea ammonium sulfate market is due to an increase in the need for quality agricultural yield. Furthermore, the need for primary nutrients and high-quality nitrogenous fertilizers have also led to a surge in the demand for urea ammonium sulfate market. Fertilizers such as nitrogenous fertilizers and phosphorous fertilizer (made from Diammonium phosphate) are commonly used by farmers for agriculture purposes. Ammonium is also added to glyphosate, which is used for weeding off unwanted grasses and broadleaf. The developing agriculture sector in the emerging nations like Brazil, India, and Argentina are also giving boost to the urea ammonium sulfate industry over the forecast period. The ease in handling the fertilizers and applications of urea ammonium sulfate is also driving the demand for urea ammonium sulfate market.
COVID-19 Impact:
The Covid-19 pandemic has affected the urea ammonium sulfate market in various ways. The daily operations of the urea ammonium sulfate industry were hugely affected. The production was severely affected. The marketing activities were affected too, since the markets were on shutdown due to the economic lockdown. The marketing activities were stopped abruptly which in turn also affected the supply chain management and distribution of the urea ammonium sulfate market top 10 countries. The situation however improved during the last months of 2020 and the urea ammonium sulfate industry is slowly recovering the losses.
Urea Ammonium Sulfate Market Segment Analysis – By Type
Physical Blend segment held the largest share of more than 64% in the urea ammonium sulfate market in the year 2021. Physical blend of 75-25 held the maximum share in the segment. This blend of manure is a mix of ammonium sulphate and urea which is used in agriculture. The increase in need for quality agricultural products coupled with the advantages of using fertilizers on crop is hugely driving the urea ammonium sulfate market. Fertilizers such as nitrogenous fertilizers and phosphorous fertilizer made from Diammonium phosphate enhances the quality and longevity of crops. Therefore, farmers are showing increased interest towards investing in fertilizers for the sake of the health of their crops and feeds. The use of fertilizers helps in providing the necessary nutrients to the crop which eventually increases the quality of the crop. According to The Fertilizer Association of India, the total production of ammonium sulfate was 793.7 thousand tons (a 20.5% increase from the previous year 2018-2019) and urea was 24,455.2 tons (a 2.3% increase from the previous year 2018-2019) during the year 2019-2020 in India. This will eventually lead to the increase in the growth of urea ammonium sulfate market. The increase in awareness about the benefits of agriculture is leading to the increase in the number of activities of agriculture which is further set to drive the fertilizers segment in the urea ammonium sulfate market.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=19575
Report Price: $ 4500 (Single User License)
Urea Ammonium Sulfate Market Segment Analysis – By Form
The solid segment held the largest share of more than 45% in the urea ammonium sulfate market in the year 2021. The granular form of ammonium sulfate is the most used form of ammonium sulfate in the agriculture industry. The granular form of ammonium sulfate is used as soil fertilizers and also as fodder for cattle stocks. The granular form of ammonium sulfate is cheaper compared to the other products. Furthermore, ammonium sulfate in granular forms is environmentally friendly and degradable that makes them a good product to be used as fertilizers and feeds. Granular form of ammonium sulfate is also easier to handle in terms of storage, field usage and transportation.
Urea Ammonium Sulfate Market Segment Analysis – By Applications
Top Dressing segment held the largest share of more than 65% in the urea ammonium sulfate market in the year 2021. The total consumption of fertilizer products in the agricultural industry in India for the year 2019-2020 amounted to 668.7 tons of ammonium sulfate and 33,540.7 tons of urea, a 6.75% increase compared to the previous year 2018-2019. The increase in the number of agricultural activities, increase in awareness of health consciousness, and the benefits of field grown produces are contributing to the growth of fertilizer applications. Top dressing is the process of spreading thin layers of manures and fertilizers over an agricultural land or yawns. This helps in building the soil quality. Furthermore, nitrogenous fertilizers help in the secretion of ammonium nitrate and urea which helps in the healthy growth of crops. Use of fertilizers on crops gives add on advantages and benefits to the crops by enhancing the quality and nutrients of the crops. Fertilizers are easy to handle, maintain and store and can be easily used whenever needed.
Urea Ammonium Sulfate Market Segment Analysis – By Crop Type
Agricultural segment held the largest share in the urea ammonium sulfate market and is growing at a CAGR of 6.4% during the forecast period 2022-2027. The use of fertilizers (organic and inorganic) is increasing in the recent days owing to the increase in use in the agricultural industry. The gross value added by agriculture, forestry and fishing was estimated at US$ 276.37 billion (Rs. 19.48 lakh crore) in India, in the year 2020, which equals to an increase of 4% as compared to the previous year 2019. Around 280 million pounds of glyphosate were used in the agricultural lands in the USA in the year 2019. Glyphosate is the most common form of ammonium sulfate products that is used on plants for regulating plant growth and for removing unwanted leaves and plants which usually grows with crops. According to The Fertilizer Association of India the total consumption of nutrients-based fertilizers amounted to 28,969.6 tons in the year 2019-2020 in India. Nutrient based fertilizers are good for agricultural purposes as they increase the quality and longevity of the crops Glyphosate is mixed with ammonium sulfate for maximum results, whereby it helps in retaining the health of the plant Furthermore, the increase in the need for food products backed by the increase in the population across the globe is driving the need and demand for agricultural industry.
Urea Ammonium Sulfate Market Segment Analysis – By Geography
Asia-Pacific region dominated the urea ammonium sulfate market with a share of more than 38% in 2021 and is projected to dominate the market during the forecast period . According to the IBEF report, the increase in the number of agricultural activities in countries like India, (21.90% increase from the previous year 2019), China (2.60% increase from the previous year 2019), South Korea (1.10% increase from the previous year 2019) and Japan (3% increase from the previous year 2019). Agricultural export from India reached US$ 35.09 billion in the year 2020 (a decrease of 8.95% as compared to the previous year 2019). The total agricultural export was US$ 10.40 billion between April and October 2020. This will eventually drive the agricultural sector in the India which will further increase the demand for urea ammonium sulfate market. Nearly 640 million tons of rice are grown in Asia, representing 90% of global production. This is also contributing to the growth of urea ammonium sulfate market in the Asia Pacific region, since ammonia is highly used for crop cultivation and other agricultural activities.
Urea Ammonium Sulfate Market Drivers
Growing Government initiatives and Increasing investments related to Fertilizers
The increase in the number of government initiatives regarding fertilizers and urea ammonium sulfate is one of the significant factors driving the urea ammonium sulfate market. For example, the Department of Fertilizers in India came up with the concept of retail outlets for fertilizers. The total number of retail-outlets in the country as estimated in the year 2020 is approximately 2.26 million. In another instance, in October 2020, Agri-lender NABARD (National Bank for Agriculture and Rural Development) in India proposed plans to set up a subsidiary to provide guarantee for loans under agriculture and rural development. These initiatives by the government is also one of the significant factor driving the agricultural sector which in turn is driving the urea ammonium sulfate market. The increase in government investments in agriculture industry is also one of the significant factors driving the urea ammonium sulfate market. In 2020, Government of India has proposed an investment of US $ 343.073 billion (Rs 25 lakh crore) in the next five years in rural agriculture sector to boost agriculture economy. The investments by government is encouraging more private bodies to invest in the agriculture sector which in turn is driving the demand for urea ammonium sulfate market.
Superior properties of Urea Ammonia Sulfate and their benefits to enhance the crop yield
Urea Ammonia Sulfate is highly efficient and can be easily adapted for use in the agriculture sector which is one of the biggest advantages of using urea ammonia sulfate and related products. The ease of handling and easy storing of urea ammonia sulfate is also driving the growth of the urea ammonium sulfate market. It also provides various nutrients which is essential for the healthy growth of plants to the crops. Urea ammonium sulfate also helps in showing quicker results as compared to the other organic fertilizers, therefore making it a preferred type of fertilizer which eventually leads to the growth in the urea ammonium sulfate market.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=19575
Urea Ammonium Sulfate Market Challenges
Growth of organic fertilizers industry
The growth of organic fertilizers is one of the big challenges faced by the urea ammonium sulfate market. The organic fertilizers and manures have certain advantages which is not present in the urea ammonium sulfate market. Ammonium sulfate also leads to urea hydrolysis, which increases the content of urea in soil which is hazardous to the plants and lead to the damage of crops. Organic fertilizers and manures are environmentally friendly and has less chemical effect. It does less damage to the crops and the surroundings. According to IBEF organization, the organic food segment in India is expected to grow at a CAGR of 10% during 2015-25 and is estimated to reach US$ 10.73 billion (Rs. 75,000 crore) by 2025. This is expected to hinder the growth of the fertilizer industry which eventually acts as a challenge to the urea ammonium sulfate market.
Urea Ammonium Sulfate Industry Outlook
Acquisitions, technology launches, expansion and R&D activities are key strategies adopted by players in the market. urea ammonium sulfate top 10 companies include:
Nutrien Ltd.
Vertellus Holdings LLC
Sumitomo Chemical Co. Ltd.
Helm AG
The Merck Group
DOMO Chemicals
AdvanSix
Royal DSM
OCI Nitrogen
GAC Chemical Corporation among others.
Acquisition/Product Launches
Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=19575
Key Takeaways
Relevant Reports
Amino Resin Market – Forecast (2021 – 2026)
https://www.industryarc.com/Report/15394/amino-resin-market.html
Urea Formaldehyde Market – Forecast (2021 – 2026)
https://www.industryarc.com/Report/16991/urea-formaldehyde-market.html
For more Chemicals and Materials related reports, please click here
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
For exclusive content regarding the latest trends in the world of Press Release distribution.
