Asia-Pacific Region to Dominate Global Limestone Market for Agriculture Driven by Manufacturers Focus on Business Expansion 2017 – 2025

Albany, US, 2017-Nov-30 — /EPR Network/ — Limestone is a naturally forming mineral that is found in various amount on every continent. It is used in varied range of applications such as agriculture, glass, construction and steel making and others. In the present time, the limestone market for agriculture is well developed in Asia Pacific, followed by North America. To explore the market current scenario across the world, a study titled “Limestone Market for Agriculture – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025” has been broadcasted to the online repository of Market Research Hub (MRH), which discloses that a numerous number of local and international players makes the global limestone for agriculture market highly fragmented in nature.

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Current Market Scenario

The limestone used in agriculture is called as aglime. It is a form of powdered limestone, which is added to the fields. It generally contains 50% of calcite, which is a form of calcium carbonate. By spreading agricultural lime onto the paddock or soil, the calcium carbonate content of the limestone is capable of neutralizing some of the acid in the soil. Also, it increases the amount of crops grown and prevents soil erosion. As per the analyst’s estimations, the global limestone market for agriculture likely to clock a CAGR of 6.1% during the period from 2017 to 2025. Rising at this pace, the market which was worth US$321.4 mn in 2016 is projected to become worth US$545.7 mn by 2025.

In terms of type, two major types of products in the agriculture market are powdered and granular or palletized. Out of these two, the powdered limestone currently holds a leading share in the market since it can be broken down easily by dint of being small and spread easily on the soil.

Drivers for Global Limestone Market for Agriculture

The major drivers in the market are analyzed on the basis of geographical segmentation, which highlights prime regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. This also highlights demand for consumption in all the regions individually.

• At the present time, Asia Pacific dominates the global market for limestone in agriculture in terms of revenue and growth rate. This is because savvy manufacturers have been focusing on expanding their business in the region of Southeast Asia, to tap into the considerable opportunities it provides.
• Overall, anescalating world population leading to a pressing demand for food is at the forefront of driving sales of limestone for agriculture. Farmers prefer it over other chemicals.
• The use of limestone in agriculture is projected to rise in North America region because of the non-toxic nature of the product and its affordable price.

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As the report concludes, readers are offered information about the competitive landscape, which details about the various players active in the market. Key players highlighted in the global limestone market for agriculture are Nordkalk Corporation, Minerals Technologies Inc., Leiths (Scotland) Ltd., and Sibelco.

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