According to a new market report published by Acute Market Reports “Lime Sulfur Market - Growth, Future Prospects, Competitive Analysis, and Forecast 2021 - 2029,” the lime sulfur market is expanding at a CAGR of 4.6% from 2021 to 2029.
Browse the full Lime Sulfur Market for Horticulture Industry and Veterinary Industry- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2021 – 2029 report at https://www.acutemarketreports.com/report/lime-sulfur-market
Market Insights:
Lime sulfur is believed to be the earliest synthetic chemical used as a pesticide in France since 1840’s to control plants from diseases named grape vine powdery mildew. It is an organic chemical manufactured from lime. It is a mixture of calcium polysulfide which is formed by reacting calcium hydroxide with sulfur. It is often prepared by boiling calcium hydroxide with sulfur along with minute quantity of surfactant. It is used in both powdered and aqueous form. The aqueous solution is usually reddish-yellow in color and is used as a pesticide for wide range of plant species. The primary use of lime sulfur is as a pesticide to protect trees, plants and crops from fungi and bacteria. Lime sulfur is known to burn leaves so it is used in as a diluted solution for some plant species.
Growing demand for lime sulfur from the horticulture industry is the major factor driving the growth of global lime sulfur market worldwide. Lime sulfur is used as a pesticide to control diseases in wide range of plant species which include food crops, non-food crops such as ornamental and decorative plants, fruits, vegetables, etc. Hence, high demand is reported for lime sulfur from the horticulture industry. In addition, veterinary industry is also expected to drive the growth of global lime sulfur market. Lime sulfur dips are the first line of treatment used in dogs, cats, puppies and kittens suffering with non-specific dermatoses and parasites. Lime sulfur dips are the only and most effective for treating Demodex gatoi, an externally dwelling contagious demodex mite that is prevalent only in cats. Companion animal health forms a significant portion of the overall veterinary healthcare market. As for the future of veterinary health market is considered, companion animals will hold over half of the overall market share through 2023. Hence, lime sulfur market is expected to gain high demand from the horticulture and veterinary industry during the forecast period, thereby boosting growth of global lime sulfur market.
Competitive Insights:
Asia Pacific accounted as the largest and fastest growing region for lime sulfur in 2020 and is expected to rise in the near future. Growing number of lime sulfur manufacturers in the region along with high demand from the horticulture industry in the region has boosted market demand for lime sulfur in the region. North America accounted as the second largest market for lime sulfur and is expected to rise in the near future. Rising demand for lime sulfur dips from the veterinary industry in the region is expected to contribute to the demand for lime sulfur in the region. Europe accounted as the third largest region for lime sulfur is expected to experience moderate growth in the near future, Other regions such as Latin America and Middle East & Africa are also projected to boost market demand for lime sulfur during the forecast period from 2021 to 2029.
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