AMMONIUM THIOSULPHATE FERTILIZER MARKET ANALYSIS

Ammonium Thiosulphate Fertilizer MarketSize and Trends

Market Outlook:  

• Asia Pacific held a major share in the global ammonium thiosulphate fertilizer market in 2018. Rising demand for food grains and vegetables from countries in Asia Pacific, owing to increasing population in the region is one of the driving factors for growth of the ammonium thiosulphate market in Asia Pacific. For instance, according to the research study by Asian Development Bank, Asia Pacific is expected to account for 1/3^rd of the projected 2.6 Bn increase in global population during 2010 and 2050, thus requiring additional efforts to increase the productivity of crops to serve rising population.
• Increasing food grain production in India is expected to be a major driver for growth of the ammonium thiosulphate fertilizer market in the country. For instance, according to the India Brand Equity Foundation (IBEF), during the crop year 2017-18, food grain production was 285.84 million tons and the government is estimating production to reach 285.2 million tons in the current crop year (2018-2019).
• North America is expected to witness significant growth in the ammonium thiosulphate fertilizer market over the forecast period, owing to significant use of ATS in crops such as soybean and corn, particularly in the U.S. Soybean and corn are majorly produced crops in the U.S. Ammonium Thiosulphate facilitates sulfur and nitrogen, which are considered vital for the growth of these crops. For instance, according to the United States Department of Agriculture, in 2017, corn yield in the U.S. was 176.6 bushels per acre and soybean yield was 4.39 billion bushels in 2017.