The global wood vinegar market has grown steadily in the last few years. The market size is projected to reach USD 6.7 Million by 2022, at a CAGR of around 7.2% from 2016 to 2022. The growing demand for bio-based agricultural inputs is the major driving factor of this market.
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The report "Wood Vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, and Intermediate Pyrolysis), Application (Agriculture, Animal Feed, Food, Medicinal, and Consumer Products), and Region - Global Forecast to 2022", The wood vinegar market is projected to reach a value of USD 6.7 Million by 2022 at a CAGR of 7.2%.
Browse 78 market data tables and 31 figures spread through 111 pages and in-depth TOC on “Wood Vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, and Intermediate Pyrolysis), Application (Agriculture, Animal Feed, Food, Medicinal, and Consumer Products), and Region - Global Forecast to 2022"
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The market is driven by factors such as demand for bio-based agricultural inputs and rise in applications of wood vinegar in various industries in Asia-Pacific and Europe. The high growth potential in the emerging markets and untapped regions provides new growth opportunities for the market players.
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The slow pyrolysis segment of wood vinegar market is the largest and projected to be the fastest-growing segment in the wood vinegar market, by pyrolysis method, during the forecast period 2016–2022
Slow pyrolysis method, having advantage over in terms of yield and quality of wood vinegar produced, has the largest share in the global wood vinegar market, followed by the fast pyrolysis method. Growth in demand for different grades of wood vinegar for a range of applications is one of the drivers behind the growth of global slow pyrolyzed wood vinegar market.
The agriculture segment has the largest application market for wood vinegar in 2016
Wood vinegar has wide agricultural applications which accounted for the largest share in the wood vinegar market in 2015. Its agricultural applications include pesticides and fertilizers, which are widely used for its multifunctional benefits.
It helps control the impact of harmful insects on crops. For instance, when wood vinegar is applied to the soil in high concentrations, it helps in preventing the growth of eelworms and the resultant damage caused to the soil.
However, when used in low concentrations, it increases the number of useful microbes in the soil. Wood vinegar also helps crops in the development of stronger and healthier roots, which leads to enhanced uptake of nutrients.
Significant growth for wood vinegar is observed in the Asia-Pacific region
The Asia-Pacific region is expected to witness rapid growth in the wood vinegar market. This is due to the consumer acceptance for wood vinegar as an essential natural farming input.
Domestically produced wood vinegar is utilized as a pesticide in countries where synthetic chemicals are not easily available, as well as in areas where the cost of chemicals is high for small-scale farmers. On a global scale, wood vinegar is used as a biopesticide, this is due to the need to minimize environmental risk as a result from chemical pesticides.
Furthermore, the increasing demand for organic farming is expected to positively influence the wood vinegar market in the Asia-Pacific region in 2016 which is also projected to lead to a large market share during the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as ACE (Singapore) Pte Ltd, Canada Renewable Bioenergy Corp., Nettenergy BV (Netherlands), TAGROW CO., LTD. (China), and Byron Biochar (Australia).
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