Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the Ammonium Sulfate Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2028, and key prospects over the forecast period 2028.The insights and analytics on the Ammonium Sulfate Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
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Fertilizers- Key Application Area
Fertilizer is the largest application segment for ammonium sulfate. It employs more than 74% of the total market share. Alternative nitrate-based fertilizers can cause denitrification and leaching of the soil. Hence, farmers worldwide are selecting ammonium sulfate basedfertilizerssince the compound contains necessary levels of nitrogenous elements along with protein synthesiscatalystsulfur. Food & Feed additive segment is second in terms of market share with over 14% share in 2019. However, pharmaceuticals offer the most lucrative growth opportunity with a healthy CAGR during the forecast period.
Southeast Asia & Oceania Bolster Growth
Southeast Asia & Oceania lead the market with more than 1/4thof the total market value. Developing economies in this region are witnessing rapid surge in food consumption which ripples down to an increase in agricultural production and the need for more ammonium sulfate. Europe and North America collectively account for more than 1/3rdof the market. Restrictions imposed on the use of nitrates by the European Union acts as a driver for ammonium sulfate demand in this region. The European Environment Agency estimates that more than 1/3rdof the total land area in Europe is employed for agricultural production which need sustainable fertilizers such as ammonium sulfate.
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The Report Covers Exhaustive Analysis On:
The Ammonium Sulfate Market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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