The global Wood Vinegar Market size is expected to value at USD 6.6 million by 2025. The market is subject to witness substantial growth due to the rising initiatives taken by local governments across the globe involving the adoption of organic farming methods to improve overall crop yield. Rapid growth associated with organic farming mainly in developing economies to meet the rising demand of the growing population is one of the key drivers for the sustained growth of the wood vinegar industry in recent years. Wood vinegar is commonly identified as a natural extract derived from woods, is considered an ideal choice in comparison with the animal feed and natural pesticides in the agriculture pesticide segment, is a key factor responsible for the growth of the market over the forecast period.
A wide range of applications of wood vinegar includes the agriculture and animal husbandry sector, and as a nutrient supplement. Wood vinegar is mainly utilized by farmers and livestock producers to improve overall agriculture production with the help of biopesticides. Globally, the wood vinegar market is predicted to grow at a CAGR of 6.7% in the forecast period, providing numerous opportunities for market players to invest in research and development in the wood vinegar industry.
The rising adoption of wood vinegar in agriculture as a soil enhancer and organic pesticide is expected to generate the highest market share in the agriculture segment. The need for bio-degradable and non-hazardous chemicals in farming is on the rise due to numerous governmental initiatives, such factors are propelling the growth of the wood vinegar market in coming years. Subsequently, the rising popularity of wood vinegar globally and growing approval for its regular use is attributed to the market expansion over the forecast period. Also, the large-scale availability of the base material is enabling the local farmer to adopt and produce wood vinegar domestically, which is about the market growth as well. Especially, farmers who cannot afford premium synthetic chemicals, wood vinegar serves as an ideal choice.
The influence of organic farming on farmers is on the rise as it offers essential economic stimulus and poverty alleviation by creating a sustainable agricultural yield to provide an excess of income from the available farm size and conditions. With the addition of essential economic value for farmers, several governments across the globe are directing the organic farming initiatives at local, regional, and international stages. The adoption of different methodologies during the production of the bio-mass is significantly impacting the growth of the market in recent years. Though, the cheaper price associated with the production of the non-biomass-based products is expected to hamper the growth of the market in coming years.
Wood vinegar also referred to as pyroligneous acid or mokusaku, is produced and used in organic farming with the help of traditional methods. Wood vinegar or the liquid fuel is derived from bio-mass by carbonization and consists of as much as two hundred organic variants such as acetic acid and formaldehyde. Primary variants such as acetic acid act as a soil disinfectant, while methanol is influential in increasing overall crop yield by minimizing the consummation of water. Similarly, phenols, one of the primary variants of wood vinegar acts as an antioxidant.
The wood vinegar market is divided into regional market segments such as North America, Europe, Asia-Pacific, Latin America, and Africa. North America has shown major growth in recent years owing to the rise in the adoption of the latest methodologies in the agriculture sector to improve overall crop yield and the existence of prominent industry players in the region. Asia-Pacific region is predicted to hold a major market share in the wood vinegar industry with massive growth in the forecast period.
Countries such as India, China, and Australia are leading the Asia-Pacific industry with the growing use of wood vinegar as a food additive and in animal feed coupled with significant investment by industry players considering the potential for sustained growth in the region. The key players in the wood vinegar market are Vinegar Australia Co., Sort Of Coal Chemicals, VerdiLife Ltd., Taiko Pharmaceutical Corporations, Nettenergy B.V., and Applied Gaia Co.
Application Outlook (Revenue, USD Million, 2014 - 2025)
• Food, Medicinal, and Consumer Products
Method Type Outlook (Revenue, USD Million, 2014 - 2025)
• Slow Pyrolysis
• Intermediate Pyrolysis
• Fast Pyrolysis
Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• the U.S.
• the UK
• the Asia Pacific
• Central & South America
• Middle East & Africa
• South Africa
Research Support Specialist, USA
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