Global Wood Vinegar Market: Market Research by Knowledge Sourcing Intelligence


Wood Vinegar Market: Agriculture Application to Hold Significant Market Share


Introduction

Wood vinegar is a byproduct of charcoal production. Wood vinegar controls plant growth and improves the quality of soil by eliminating pests. Wood vinegar helps in accelerating the growth of the roots, stems, leaves flowers, and fruit when applied in the appropriate quantity. However, it can have adverse toxic effects on plants when applied in large quantities. The wood vinegar market size is expected to increase due to growth in organic farming. The market of wood vinegar is segmented by method, application, and geography. By the method, the market is segmented into slow pyrolysis, intermediate pyrolysis, and fast pyrolysis. By application, the market is segmented into agriculture, animal feed, medicinal, and others.

Drivers and restraints of Wood Vinegar Market

Rising demand for chemical-free pesticides and other agrochemicals to enhance soil fertility is one of the major drivers of the wood vinegar market. Increasing the use of energy from biomass is another factor that is boosting the wood vinegar market growth. This is because pyroligneous acid is a by-product formed during the pyrolysis method of biomass which, in turn, has increased its commercial sale across different industries such as cosmetics, agriculture, and pharmaceuticals, thus positively impacting the growth of the wood vinegar market. The growing shift towards organic farming will continue to bolster the growth of the wood vinegar market during the forecast period. However, low awareness regarding the use of wood vinegar for different applications in developing economies is restraining the growth of the wood vinegar market.
  
Market Segmentation

By industry research, the slow pyrolysis segment of method segmentation is expected to have a significant market share on account of factors such as long vapor resistance time and slow heating rate. Moreover, the slow pyrolysis method produces a better quality of wood vinegar. By application, the agriculture segment is expected to have a significant market share owing to its wide range of applications as pesticides and fertilizers. It prevents the growth of the eelworms in the soil ensuring the quality and the fertility of the soil. Geographically, the Asia-Pacific region is expected to have a significant market share of the global wood vinegar market share and also it is expected to grow at a rapid pace. The market growth is projected on account of the high adaption of wood vinegar as pesticides and fertilizers in the region. Moreover, growth in organic farming is also expected to boost the market of wood vinegar in the region.

According to competitive intelligence, the wood vinegar market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include VERDILIFE, LLC, Wood Vinegar Australia, Nettenergy BV, TAGROW CO., LTD, and Ace (Singapore) Pte Ltd among others.

Key Questions Answered in This Report:

  • What are the key regions having a significant market share?
  • What are the drivers and restraints of the market?
  • Who are the key market players in the market?
  • What is the market segmentation of the wood vinegar market?
  • What are the applications of the market?
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