Global Limestone for Agriculture Market 2019-2023
About this market
The new methods of limestone extraction to emerge as major trend in the market. Newer methods of limestone extraction result in lesser pollution and undesirable consequences as compared to the traditional methods of quarrying and mining. Technavio’s analysts have predicted that the limestone for agriculture market will register a CAGR of almost 6% by 2023.
Increasing need to balance soil pH
To raise the soil pH to a level that supports growth of fruits and vegetables, crushed limestone needs to be applied to the soil.
Availability of alternatives to aglime
Although wood as is cheaper than aglime, its CCE is lesser than aglime. As liming is a long process, which can take many years to show the results, this limits the adoption of limestone products and inhibit growth of the market.
For the detailed list of factors that will drive and challenge the growth of the limestone for agriculture market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Nordkalk and Sibelco the competitive environment is quite intense. Factors such as the new methods of limestone extraction and the increasing need to balance soil pH, will provide considerable growth opportunities to limestone for agriculture manufactures. Leiths Group, Lhoist, Minerals Technologies, Nordkalk, and Sibelco are some of the major companies covered in this report.
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