Sulfur Coated Urea Market Growth Accelerated by Extended Release Properties

 

Sulfur coated urea (SCU) is a fertilizer developed to slowly release nitrogen in the soil over an extended time period. Compared to conventional urea, SCU has a sulphur coating that delays the hydrolysis of urea into ammonium and carbon dioxide, allowing for a more efficient uptake by plants. The global sulfur coated urea market is estimated to be valued at US$ 1,453 Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The growing adoption of controlled and slow release fertilizers is expected to drive the growth of the sulfur coated urea market over the forecast period. SCU releases nutrients gradually in the soil as the sulfur coating decomposes and allows water and air to penetrate. This extended release property matches the nutrient demand of plants and reduces the leaching or volatilization of nitrogen. The even release of nitrogen and other nutrients from SCU increases fertilizer use efficiency and supports higher crop yields.

Segment Analysis

The global sulfur coated urea market is dominated by the Agrochemicals segment. Around 70-75% of the total sulfur coated urea sold is used in the agrochemicals sector for applications such as fertilizers. Sulfur coated urea has superior storage and handling properties compared to other fertilizers like urea. It releases nitrogen in a controlled manner which helps improve nutrient use efficiency and crop quality. This makes it a preferred product among farmers.

Key Takeaways
The global sulfur coated urea market is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 1,453 Mn by 2024, growing at an estimated CAGR of 3.3% during the forecast period.

Regional analysis: Asia Pacific accounts for the largest share in the global sulfur coated urea market currently. Countries like China, India and Southeast Asian nations are dominating consumers in this region. Rising population and growth in agriculture along with high fertility of land has been driving the demand for fertilizers. South America and Eastern Europe are also considered lucrative markets with high growth opportunities.

Key players operating in the sulfur coated urea market include Agrium Inc., Israel Chemicals Ltd., Syngenta AG., Yara International ASA, Andersons Inc., Haifa Chemicals Ltd and J. R. Simplot Company, Koch Industries Inc., Harrell’s LLC. These companies have extensive distribution networks and product portfolios catering to the agrochemicals segment globally. Manufacturers are focusing on developing storage stable and cost-effective formulations to gain market share. Partnerships with distributors and retailers help strengthen their presence across major farming regions.

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