Wood Vinegar Market Significant Profits Estimated to be generated by 2023 with Significant Industry Competitors

Market Analysis

Global Wood Vinegar Market is experiencing a significant growth and is expected to continue to do so during the forecast period owing to the growing preferences for organic pesticides. The growing government initiatives for utilizing bio-based products as a substitute to synthetic chemicals are expected to boost the demand of wood vinegar in the market. Moreover, increasing applications of wood vinegar in various industries such as agriculture and food & beverages, low manufacturing cost as compared to synthetic pesticides and growing organic food industry are the factors expected to boost the demand for wood vinegar in the future.

The liquid obtained from pyrolysis process of fresh wood is known as wood vinegar. Wood vinegar contains germicidal ingredients such as methanol & phenol, which leads to strong germicidal effect on plants. Due to this, it improves the crop yield and also improves seeds for germination.

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Key Players

Some of the key players in the Global Wood Vinegar Market are Ace Singapore Pte Ltd (Singapore), Canada Renewable Bioenergy Corp (Canada), NETTENERGY B.V. (Netherlands), TAGROW Co., Ltd. (China), Byron Biochar (Australia), Red Arrow International LLC (US), B&G Foods, Inc. (US), BAUMER Foods, Inc. (US), VERDILIFE, LLC.(US), and Taiko Pharmaceutical CO.,LTD. (Japan).

Market Segment

Based on pyrolysis method, the global wood vinegar market has been segmented into slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. The slow pyrolysis segment is expected to garner the highest revenue share and grow at the highest rate in the global wood vinegar market owing to the increasing number of applications. Additionally, slow pyrolysis process produces better quality of wood vinegar compared to fast and intermediate pyrolysis. The wood vinegar is used in agriculture, animal feed, and food & beverage industry.

By application, Global Wood Vinegar Market has been segmented into agriculture, animal feed, food & beverages, and others. The agriculture segment is expected to garner the highest revenue share of the global wood vinegar market owing to the growing agriculture industry worldwide. It is used as a bio-pesticides and fertilizer, as it has various benefits such as improving soil quality, stimulating cell growth and strengthening leaves and roots of the plants.

Regional Analysis

Global Wood Vinegar Market has been segmented by region, into North America, Europe, Asia-Pacific, and Rest of the World.

Asia-Pacific is expected to lead the global wood vinegar market due to growing preference for organic pesticides in agriculture industry. Owing to this, governments in Asian countries such as India, China, Australia, New Zealand and Japan are promoting the organic farming culture.

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Segmentation

Global Wood Vinegar Market has further been segmented by pyrolysis method and application.

By pyrolysis method, the global wood vinegar market has been classified as slow pyrolysis, fast pyrolysis, and intermediate pyrolysis.

Global Wood Vinegar Market has also been segregated, on the basis of application, into agriculture, animal feed, food & beverages and others.

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