Lime Sulphur Market

Lime Sulphur Market Overview

Lime Sulphur Market size is forecast to reach US$21.5 million by 2027, after growing at a CAGR of 5% during 2022-2027 owing to its rising demand from various end-use industries such as agriculture, horticulture, and veterinary. Lime sulphur is a mixture of calcium, polysulfides, and thiosulfate formed by reacting calcium hydroxide with elements, used in pest control. A small amount of surfactants is used in the process of making lime sulphur. It is widely used in insecticides and fungicides to control fungi, bacteria, and insects in crops. The growing demand for crop protection is leading to the growth of the lime sulphur industry. Furthermore, the lime sulphur market is also being driven by the horticulture industry where it is used to control pests. All these factors are driving the growth of the lime sulphur industry and are anticipated to drive growth in the future forecast period.

COVID-19 Impact

The lime sulphur market was affected by the COVID-19 pandemic in 2020, due to the strict lockdown guidelines. Due to the shutdown of transportation, the supply chain of the agriculture sector was disrupted which resulted in a decline in exports. For instance, according to the International Trade Centre (ITC), in 2019 the total global exports of vegetables, fruits, nuts, and other parts of the plant was approximately US$62.96 billion and in 2020 it declined to US$62.63 billion, with a decline of 0.5%, the reduced exports resulted in the decline of the lime sulphur market. Moreover, due to the rising case of COVID-19 in the starting months of 2021 strict government restrictions were imposed but this time the production was allowed with a limited number of laborers. However, by mid-2022 it is anticipated that the effect of COVID-19 will be curbed out and this will result in a positive lime sulphur industry outlook as it was before the COVID-19 pandemic.

Lime Sulphur Market Segment Analysis – By Form

The soluble liquid concentrate segment held the largest share in the lime sulphur market in 2021. The soluble liquid lime sulphur mixed with mineral oil is used in the fungicides to make it adhere to the plant. The benefit of using liquid concentrate lime sulphur as a spray is that they protect the mature plant, crop, and helps in keeping it healthy, due to this the use of lime sulphur is increasing. Moreover, the use of soluble liquid concentrate makes the application of lime sulphur easy. Due to these factors, the soluble liquid segment will drive the growth of the lime sulphur market in the future forecast period.

Lime Sulphur Market Segment Analysis – By Type

The fungicide segment held the largest share in the lime sulphur market in 2021. The lime sulphur fungicide is used to control fungal infection in the crops and helps in increasing the yield. Apart from this, the advantage of lime sulphur fungicide is that when it comes in contact with fungi it quickly kills the fungi, and the plant damage due to it is controlled. Lime sulphur fungicide is widely used in horticulture as horticulture dormant spray is generally used after the winter season or in the early spring season to treat fungal diseases such as black spot, black rot, and powdery mildew. For plants that show signs of fungal diseases, the lime sulphur mixture is used with the water and is sprayed on the plant, and at last, when it settles down properly it is rinsed well so that the plant does not get damaged in the process. Due to these factors, the fungicide segment will drive the growth of the lime sulphur market in the future forecast period.

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Lime Sulphur Market Segment Analysis – By Application

The horticulture crop segment held the largest share in the lime sulphur market in 2021 and is growing at a CAGR of 5.3% during 2022-2027. The horticulture crops are prone to various kinds of fungal and bacterial infection which damages the crop, as a result of this there has been an increase in the demand for lime sulphur. The demand for horticulture crops including fruits and vegetables is increasing. The factors that are accelerating the growth of the segment are an increase in the income of the people, a growing population, and increasing exports, especially in European countries. For instance, according to International Trade Centre (ITC), in Italy, the exports of vegetables, fruits, nuts, or other parts of the plant were US$3.96 billion value in 2019 and it increased to US$4.3 billion in 2020 with an increase of 9% in comparison with 2019. Due to these factors, the horticulture segment will drive the growth of the lime sulphur market in the future forecast period.

Lime Sulphur Market Segment Analysis – By End-Use Industry

The agriculture segment held the largest share in the lime sulphur market in 2021 and is growing at a CAGR of 6.5% during 2022-2027. The lime sulphur is used as a fungicide and bactericide to reduce the fungal and bacterial infections from the crop. It is preferred over other fungicides due to its high PH level, 10.7 which serves as a good soil conditioner. For instance, according to the United States Department of Agriculture (USDA), the world crop production in the year 2019 was 763.6 metric tons and in 2020 it increased to 775.8 metric tons with an increase of 1.6% in comparison with the year 2019. Apart from this, 2% lime sulphur is used to control the parasites from livestock. Due to these factors, the agriculture segment will drive the growth of the lime sulphur market in the future forecast period.

Lime Sulphur Market Segment Analysis – By Geography

The Asia-Pacific region held the largest share in the lime sulphur market in 2021 up to 38%, owing to its increasing usage as a fungicide for crop protection in the production of agriculture and horticulture crops. There has been growth in the production of horticulture crops. For instance, according to Invest India, in the year 2019-2020, India's total horticulture production was 319 MMT, the highest ever production for India. Also, there was an increase in the export of horticulture crops. Moreover, as per International Trade Centre (ITC), in 2019 the export of Thailand’s vegetable, fruits, nuts and other was US$2.08 billion and it was US$2.12 billion in 2020 with an increase of about 2%. Due to these factors, the Asia-Pacific will drive the growth of the lime sulphur market in the future forecast period.

Lime Sulphur Market Drivers

Rapid Development in the Veterinary Industry

Lime Sulphur is used in veterinary medicines for the treatment of dogs, cats, puppies, kittens, and livestock. It is used for the treatment of non-specific dermatoses and parasites on dogs, cats, puppies, kittens, and livestock. Looking at the U.S. veterinary market there has been growth in the industry. For instance, according to American Pets Product Association (APPA) in 2019, the US pet industry expenditure was US$97.1 billion and in 2020 it increased to US$103.6 billion with an increase of 6.7%. Moreover, there has been growth in the sales of veterinary in Europe. For instance, according to Animal Health Europe, in 2019 the sales of European veterinary were at approximately US$7.72 billion and in 2020 it increased to approximately US$8 billion with an increase of 3.6%. The increasing veterinary industry will increase the demand for the lime sulphur industry during the forecast period.

Implementation of Government Regulations

The government is taking initiatives to increase the production of agriculture owing to the increasing population in the underdeveloped and developing countries due to the rapid increase in food demand. According to the U.S. Department of Agriculture (USDA), Farmers Market Promotion Program (FMPP) provides funds to the domestic entities to develop, coordinate, and expand the direct producer-to-consumer market. Moreover, European Union has implemented the Common Agriculture Policy (CAP) provides agriculture subsidies to the farmers. Thus, due to various government initiatives and reforms, agriculture production is increasing, which acts as a driver for the growth of the lime sulphur market.

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Lime Sulphur Market Challenges

High Toxicity and Safety Concerns:

A high toxicity level and safety concern for the use of lime sulphur is acting as a major challenge for the lime sulphur market. Even with a lower concentration of water, it is not advisable to spray lime sulphur on plants during hot, sunny days, as the sulfur can cause damage to the plants. It is advised to be highly careful while using lime sulphur. Safety goggles and hand gloves should be worn while using lime sulphur otherwise if splashed on the eyes it may cause blindness to the eyes. Moreover, only a certain percentage of lime sulphur is allowed to be used in agriculture. For instance, according to US Environment Protection Agency (US EPA) currently, a soluble concentration of 27-29% is allowed with a mandatory label of using personal protective equipment (PPE) while handling lime sulphur. All these factors are adding to the challenges for the lime sulphur market.

Lime Sulphur Market Landscape

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the lime sulphur market. The major players of the lime sulphur market include:

North Country Organics

TessenderlKerly

Miller Chemicals and Fertilizer

Graus Chemicals

OR-CAL Inc

Specialty Crop Solutions

Anhui Sinotech Chemical

Mitsubishi Chemical Company

Biofa AG

Classic Chemicals

Acquisitions/Technology Launches

In April 2019, Huber Engineered Material Acquired Miller Chemical and Fertilizer which also included the lime sulphur product division to strengthen their agriculture and forestry division.

Key Takeaways

Asia-Pacific region dominates the lime sulphur market, owing to an increase in the production of foodgrains in the region. For instance, according to Invest India, the production of foodgrains during 2019-20 was the highest ever in India at 296.65 MMT.

It is anticipated that the agriculture sector will drive the growth of the lime sulphur market in the future forecast period. For instance, according to OECD-FOA Agriculture Outlook, it is projected that by 2026 global level production of agriculture will reach 3,04,403.61 tones.

Lime sulphur is used in the veterinary industry for the treatment of diseases such as ringworms and other skin-related infections of cats, dogs, and livestock owing to this there has been growth in the demand for lime sulphur.

Moreover, with the growth of the horticulture industry, there has been an increase in the demand for lime sulphur as it is used in the horticulture dormant sprays to control the fungal disease spores which harm the gardens.

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