Ammonium Sulfate Market: Current Analysis and Forecast (2022-2028)

Report Description

The global ammonium sulfate market is likely to showcase a growth of around 6% during the forecast period. According to the United Nations report, the world population is projected to reach 8.6 billion in 2030 and 9.8 billion in 2050. This rising population is increasingly pressuring the agricultural industry to improve crop production. For instance, as per the United Nations Food and Agriculture Organization (FAO), to feed the growing population, the agriculture industry will need to produce 70% more food while only being able to use 5% more land. Since most of the arable land is already farmed, therefore this growth is required to meet from high yield, thereby driving the market for agrochemicals. Ammonium sulfate is one of the first fertilizers for crop production. Nowadays, it is primarily used where there is a need for supplemental nitrogen (N) and sulfur (S) to meet the nutritional requirement of growing plants. It provides an excellent source of S which has numerous essential functions in plants, including protein synthesis. Therefore, it is expected that increasing demand for fertilizer would propel the market for ammonium sulfate.

Insights Presented in the Report

“Amongst type, dry category held a prominent share in the market in 2020”

Based on type, the market is categorized as dry and liquid. Of both, the dry category accounted for a significant share in the market as it is widely used in the fertilizer application which is one of the biggest consumers of ammonium sulfate. Further, dry ammonium sulfate is easily dissolvable in the water and odorless which is promoting its demand in various application areas.

“Amongst applications, fertilizers accounted for a significant share in 2020”

Based on application, the market is categorized into fertilizers, pharmaceuticals, food & feed additives, water treatment, and others. Among these, fertilizer accounted for a significant share in the market and is expected to maintain a strong position during the forecast period owing to a large and growing demand for crop protection chemicals among farmers.

“Asia-Pacific is expected to retain its position during the forecast period”

For a better understanding of the market adoption of Ammonium Sulfate, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The large base of the agriculture sector of the Asia-Pacific helped the region to obtain a dominating position in the market. Regional demand for agrochemicals due to agriculture consumption is needed in order to feed the growing and already higher population. This in turn will boost the demand for ammonium sulfate. In addition, a large base of pharmaceuticals, food & beverage, and water treatment industries are further supporting the regional ammonium sulfate market.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive country-level analysis of the industry

Customization Options:

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Research Methodology

Research Methodology for Global Ammonium Sulfate Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of ammonium sulfate, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the ammonium sulfate industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of ammonium sulfate through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the ammonium sulfate market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of ammonium sulfate globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of ammonium sulfate. Further, we conducted factor analysis using dependent and independent variables such as growing demand for fertilizer and limited arable land. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the ammonium sulfate industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global ammonium sulfate market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2028 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of ammonium sulfate across the major markets
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the ammonium sulfate market. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global ammonium sulfate market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type and application.

The main objective of the Ammonium Sulfate market study

The current & future market trends of global ammonium sulfate were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of ammonium sulfate in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segment in the study include the area of the type, and application
• Defined analysis of the regulatory framework for the ammonium sulfate industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of ammonium sulfate for the major countries
• Major regions/countries analyzed in the report include North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), and Rest of World
• Company profiles of the ammonium sulfate market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country-level analysis of the industry

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