Ammonium Sulfate Market Size

Ammonium Sulfate Market size was over USD 3.2 Billion in 2023 and is anticipated to cross USD 21 Billion by the end of 2036, witnessing more than 7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of ammonium sulfate is assessed at USD 5 Billion.

Alongside creating a need for housing and commercial facilities, the growing population puts increased pressure on farmers to grow more crops on a limited amount of land. One of the main obstacles to crop production is the scarcity of agricultural land.

With 6.60 billion people on the planet in 2006, each person had 0.20 hectares of arable land. The number of people on the planet was 7.4 billion in 2016, and by 2020, each person's share of the land will have dropped to 0.19 hectares as per the Food and Agriculture Organization. It is commonly evaluated that the amount of arable land available globally will continue to diminish, leading to a rise in the usage of fertilizers that are intended to enhance output per hectare. It is projected that these factors will increase ammonium sulfate consumption.