Latin America Sulfur Coated Urea Market was worth USD xx billion in 2022 and is estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2028.
Latin America Sulfur-coated urea is a controlled-release fertilizer that contains nitrogen and sulfur. It is coated with either wither wax or polymer which acts as a nutrient source promoting plant growth. Rising concerns regarding sustainability and cost minimization in the agricultural sector are the major drivers boosting market growth. The stringent regulations on the use and production of conventional fertilizers and people’s changing preference towards a sprawling lawn and the rising number of golf fields are further driving the market growth.
Rising urbanization and increasing spending capacity of people are fuelling market growth. Various alternatives to polymer-coated urea and the high cost of Sulfur coated urea as compared to conventional urea fertilizers are some of the factors hampering the growth of the market.
Polymer
Wax Sulfur coated urea
Polymer-coated Sulfururea is expected to dominate the market share.
Agriculture
Golf courses
Professional lawn care
Turf
Others
The agriculture segment is estimated to be the most prominent segment while the golf courses segment is expected to grow at a fast pace during the forecast period.
Geographical Analysis:
Agrium Inc
Israel Chemicals Ltd
Syngenta AG
Andersons Inc
Yara International ASA
Haifa Chemicals Ltd
J. R. Simplot Company
Koch Industries Inc
Harrell’s LLC
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