Global Lime Sulfur Market: Overview
The global lime sulfur market is projected to expand at a CAGR of 4.7% over the forecasted period of 2022-2028. Lime sulfur is a mixture of calcium polysulfides that is created by reacting sulfur with calcium hydroxide. In the horticulture sector, lime sulfur is mostly used as a fungicide and insecticide. It's used as an aqueous solution on a variety of plants, particularly roses and fruits like blackberries & raspberries. Besides the use for trees and plants, weak formulations of lime sulfur are used to treat ailments such as ringworm and other skin problems in pets like cats & dogs.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global Lime Sulfur Market: Growth Factors
The global lime sulfur market is rising at a rapid rate. Factors such as expanding veterinary and horticulture industries are fostering the growth of the global market. Since it kills fungus by producing allicin, which slows bacterial development and aids healing, it is being used in the veterinary sector to treat bacterial diseases like ringworm. It's also used to treat "mange" and mites in livestock by topical treatment. In the horticultural sector, lime sulfur is used to cure plant diseases, control insects, and regulate pH levels. As lime sulfur is an environmentally friendly substance with little toxicity to people, animals, and plants, its use has increased dramatically. It's a good pesticide for controlling apple maggots and codling moths on foods. It also aids in the treatment of different bacterial spots, crown rot, and foot rot, which can wipe out a significant amount of a crop's production. Further, the demand for effective insecticides and pesticides to cure different fungal diseases is increasing as the demand for healthy vegetables and fruits grows. In addition to this, the availability of lime sulfur in the form of spray as well as undiluted lime sulfur as per the requirement is further boosting the growth of the global lime sulfur market. During the forecast period, factors such as technical developments in the production process and supply chain management methods are projected to boost the lime sulfur market. The availability of low-cost replacements, on the other hand, may limit the growth of the market. Furthermore, government rules governing the usage of lime sulfur may also function as a stifling factor for industry expansion.
The global lime sulfur market was severely hit by the COVID-19 pandemic. The key factors that affected the market growth include restrictions on transportation, lowered demand from the agriculture sector, and availability of alternate products in the local market.
Global Lime Sulfur Market: Segmentation
The global market for lime sulfur is bifurcated into type, application, end-user, and region. Based on type, the global lime sulfur market is categorized into suspension concentrate and soluble liquid concentrate. The application segment of the market is split into bactericide, insecticide, fungicide, and others. By end-user, the market is fragmented into agriculture, horticulture, veterinary, and others.
Global Lime Sulfur Market: Regional Analysis
Asia Pacific lime sulfur market is projected to grow with a high CAGR during the forecast period. This is attributed to ongoing demand from large agricultural countries such as China and India. China is expected to contribute a significant share in the regional market, whereas India will grow with the fastest rate among other countries in APAC. Fewer restrictions on the use of lime sulfur for agricultural use are primarily responsible for the fast growth of the market in India. Market in North America and Europe is expected to grow at a steady rate. Strict restriction on the use of insecticides and pesticides on agricultural products in European and North American countries is mainly causing the slow growth of the market. However, demand for lime sulfur in other applications may help to sustain the market growth in these regions over the forecast period. Latin America & Africa are among the major utilizer of lime sulfur and its demand is likely to remain strong for agricultural purposes in these regions.
Global Lime Sulfur Market: Competitive Players
Major players functioning in the global lime sulfur market include Tessenderl KerleyInc., Biofa AG, North Contry Organics, Miller Chemical and Fertilizer LLC., Or-CalInc, Novasource Tessenderlo Group, and others.
Global Lime Sulfur Market: Regional Segment Analysis
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The global lime sulfur market is rising at a rapid rate. Factors such as expanding veterinary and horticulture industries are fostering the growth of the global market. Since it kills fungus by producing allicin, which slows bacterial development and aids healing, it is being used in the veterinary sector to treat bacterial diseases like ringworm. It's also used to treat "mange" and mites in livestock by topical treatment. In the horticultural sector, lime sulfur is used to cure plant diseases, control insects, and regulate pH levels.
Major players functioning in the global lime sulfur market include Tessenderl KerleyInc., Biofa AG, North Contry Organics, Miller Chemical and Fertilizer LLC., Or-CalInc, Novasource Tessenderlo Group, and others.
Asia Pacific lime sulfur market is projected to grow with a high CAGR during the forecast period. This is attributed to ongoing demand from large agricultural countries such as China and India. China is expected to contribute a significant share in the regional market, whereas India will grow with the fastest rate among other countries in APAC. Fewer restrictions on the use of lime sulfur for agricultural use are primarily responsible for the fast growth of the market in India.
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