March 22, 2023 11:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES Fertilizer Bag
Wilmington, Delaware, United States, , March 22, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The Ammonium Sulfate Market is anticipated to witness significant growth due to extensive usage of ammonium sulfate in applications such as fertilizers and water treatment. Ammonium sulfate has high solubility, which makes it useful in various agricultural processes, which drives market demand.
The global Ammonium Sulfate Market is likely to expand at a CAGR of 5% between 2021 and 2031. The global market is expected to reach US$ 5.9 Bn by 2031.
Ammonium sulfate is a nitrogen fertilizer that is widely used in agricultural production, as it enhances crop quality and produces a higher yield. Rise in demand for higher crop yield in the agriculture sector is projected to drive the global industry. It is widely utilized as a fertilizer in the cultivation of juice and rice to increase agricultural yield. Fertilizers aid in lowering the pH balance of soil, and by utilizing them, producers are able to create a reliable revenue stream.
Ammonium sulfate, which is available in both liquid and solid forms, acts as an acid regulator in bread and as an ingredient in animal feed. Its consumption in the agriculture sector has increased in countries such as India, Japan, the U.S., and the U.K., which in turn is propelling the global Ammonium Sulfate Market in these countries.
Increasing production of crops, animal feed and fuel is likely to raise market demand for ammonium sulphate in these countries. Introduction of contemporary agricultural techniques has enhanced output capacity of ammonium sulfate producers. Increase in production capabilities is likely to boost demand for ammonium sulfate, especially in the production of agrochemicals.
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Ammonium sulfate contains both nitrogen and sulfur. The formulation is designed for widespread use in fertilizer applications in the agriculture industry. It is most often used as a supplement for nitrogen-deficit soil and lawns. Moreover, the product is increasingly combined with nitrogen fertilizers to improve the stability and usefulness of fertilizers, which is likely to bolster industry growth.
Key Findings of Market Report
Global Ammonium Sulfate Market: Regional Landscape
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Global Ammonium Sulfate Market: Growth Drivers
Global Ammonium Sulfate Market: Key Players
Key players in the global Ammonium Sulfate Market
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Global Ammonium Sulfate Market: Segmentation
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