Wood Vinegar Market - Global Industry Analysis

Wood Vinegar Market By Pyrolysis Method (Slow pyrolysis, Fast pyrolysis, and Intermediate pyrolysis.) By Application (Agriculture, Animal feed, Food, medicinal, consumer products, and Others (including industrial sources for the production of acetic acid, tar & creosote production, and wastewater treatment)) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2028

Published Date: 09-May-2022 Category: Food & Beverage Report Format : PDF Pages: 150 Report Code: ZMR-1419 Status : Published

The Wood Vinegar Market was worth around USD 6.4 million in 2021 and is estimated to grow to about USD 9.5 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.9 percent over the forecast period.

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Description

Global Wood Vinegar Market Industry Prospective:

The Global Wood Vinegar Market was worth around USD 6.4 million in 2021 and is estimated to grow to about USD 9.5 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.9 percent over the forecast period. The report analyzes the private hospital market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the private hospital market.

Wood Vinegar Market: Overview

The acid compound formed from wood and other plant materials is known as wood vinegar, also known as pyroligneous acid. Wood vinegar is produced using a disruptive distillation process in which the wood and plant material is heated at a high temperature with little oxygen present. The global wood vinegar market is expanding rapidly and is predicted to expand more throughout the forecast period, owing to rising consumer demand for organic pesticides. In addition, rising government attempts to employ bio-based commodities as a replacement for synthetic chemicals are expected to enhance market demand for wood vinegar. Processed food businesses are working on expanding existing manufacturing units and establishing new plants to increase the production of processed foods such as meat and seafood. As a result, demand for liquid smoke/wood vinegar, which is used to provide a distinct flavor to certain processed food products, is predicted to rise. Furthermore, greater usage of wood vinegar in a number of industries such as agriculture and food and beverages, low manufacturing costs compared to synthetic pesticides, and the growing organic food industry is projected to drive future demand for wood vinegar.

COVID-19 Impact:

The pandemic of COVID-19 has had an influence on both demand and manufacturing in supply regions. From the first quarter of 2020, the outbreak of COVID-19 has severely impacted various businesses, greatly disrupting demand for wood vinegar. The COVID-19 dilemma has had a significant impact on the chemical sector supply chain. As a result, this had a significant impact on raw material procurement. Moreover, it had a considerable impact on a variety of small and medium-sized firms, significantly upsetting the demand for wood vinegar. It also had a severe influence on the chemical sector supply chain, causing raw material procurement to be delayed.

Global Wood Vinegar Market

Wood Vinegar Market: Driver

Increased Concentration on Organic Farming to Support the Growth of the Wood Vinegar Industry

The growing emphasis on organic farming around the world is driving the worldwide wood vinegar sector. The growing environmental concern and global demand for organic products are boosting the industry's growth. Additionally, organic farming provides an economic incentive to rural and small-scale farmers because sustainable agricultural practises can dramatically enhance production and profitability from available farm size and conditions. Furthermore, due to the economic benefits afforded to farmers, several governments around the world are spearheading the organic farming movement at the national, regional, and municipal levels. As a result, the adoption of organic farming is predicted to considerably contribute to the expansion of the wood vinegar business.

Wood Vinegar Market: Restraints

Some of the factors that may limit the growth of the wood vinegar market include the fact that wood vinegar is made from a variety of organic sources. However, there are a number of obstacles connected with getting and manufacturing wood vinegar from these similar natural sources, which may result in repeatable/dependable results, restricting its usage across a variety of industrial domains. Furthermore, a large portion of the wood required for charcoal manufacture originates from natural forests, resulting in forest harvesting. Charcoal manufacturing is a major cause of deforestation around the world. As the level of living in developed and emerging countries develops, so does the demand for charcoal and its byproducts, such as wood vinegar, for energy production. As a result, governments have issued rules governing the manufacturing and sale of charcoal and its byproducts, so reducing overall charcoal output and, as a result, the creation of wood vinegar.

Wood Vinegar Market: Segmentation

The market for Wood Vinegar is categorized into Pyrolysis Method and Application. Pyrolysis Method, and Application.

By Pyrolysis Method, the market is classified into Slow pyrolysis, Fast pyrolysis, and Intermediate pyrolysis. During the forecast period, the slow pyrolysis method held the biggest market share. Slow pyrolysis yields a critical amount of wood vinegar, an aqueous composition containing organic acids. Slow pyrolysis differs from fast pyrolysis in that it has a slower heating rate, a longer vapor residence time, and a lower temperature. Slow pyrolysis produces more char, wood vinegar, and other products than fast and intermediate pyrolysis. However, the process has a lower energy output, takes longer, and produces more pollutants.

By Application, the market is classified into Agriculture, Animal feed, Food, medicinal, consumer products, and Others (including industrial sources for the production of acetic acid, tar & creosote production, and wastewater treatment). During the projection period, agriculture held the greatest share of this market. It has multifunctional properties and is used as a pesticide and fertilizer. It also aids in the control of damaging insects on crops. It decreases odor and aids in composting when combined with manure. Wood vinegar promotes cell growth while also acting as a catalyst for the creation of a variety of enzymes and microorganisms that aid in nutrient absorption, photosynthesis, and cell growth. When charcoal and wood vinegar are used as chicken feed additions, microorganisms such as salmonella, which causes gastrointestinal disorders in poultry animals, are eliminated. It also aids in the improvement of hen egg-laying properties.

Regional Landscape

North America would dominate the global market in terms of revenue over the projected period, owing to rising acceptance of convenient and processed foods, increased consumer awareness of food safety, and rising demand for bio-based agricultural fertilizers in various nations in these areas. A noteworthy observation is that customers in Western regions such as North America favor smoked food products, which will drive the market in the region

The Asia Pacific market is expected to grow significantly, owing to increased use of organic fertilizer, high output of organic products, and the presence of local players operating in this market in several countries, particularly Australia, India, and China. Wood vinegar has cleared the path for Asian countries like India, where the agriculture industry accounts for a significant portion of the country's GDP, to increase crop yielding capacity while retaining quality. Furthermore, the region's growing preference for organic food products has resulted in an increase in the number of farmers adopting organic farming practices, which is boosting the market for biopesticides and bio-based fertilisers, such as wood vinegar, in the agricultural sector. As a result of these factors, there has been an increase in the number of wood vinegar makers throughout the region to fulfill the expanding demand for various industries, particularly food and beverage, agricultural, feed supplements, culinary items, cosmetics, and others.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Competitive Landscape

Some of the main competitors dominating the Wood Vinegar Market include - ACE (Singapore) Pte Ltd., Canada Renewable Bioenergy Corp., Nettenergy BV (Netherlands), TAGROW CO., LTD. (China), and Byron Biochar (Australia). Other players include New Life Agro (U.S.), Verdi Life (U.S.), Nakashima Trading Co. Ltd. (Japan), Penta Manufacturer (U.S.), and Doi & Co., Ltd (Japan).

Wood Vinegar Market is segmented as follows:

Wood Vinegar Market By Pyrolysis Method

Slow pyrolysis
Fast pyrolysis
Intermediate pyrolysis

By Application

Animal feed
Food, medicinal, and consumer products
Others (including industrial sources for production of acetic acid, tar & creosote production, and wastewater treatment)

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
  - 1.3.1 Market Research Type
  - 1.3.2 Market research methodology
Chapter 2. Executive Summary
- 2.1 Global Wood Vinegar Market, (2022 - 2028) (USD Million)
- 2.2 Global Wood Vinegar Market : snapshot
Chapter 3. Global Wood Vinegar Market - Industry Analysis
- 3.1 Wood Vinegar Market: Market Dynamics
- 3.2 Market Drivers
  - 3.2.1 Increased Concentration on Organic Farming to Support the Growth of the Wood Vinegar Industry
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
  - 3.7.1 Market attractiveness analysis By Pyrolysis Method
  - 3.7.2 Market attractiveness analysis By Application
Chapter 4. Global Wood Vinegar Market- Competitive Landscape
- 4.1 Company market share analysis
  - 4.1.1 Global Wood Vinegar Market: company market share, 2021
- 4.2 Strategic development
  - 4.2.1 Acquisitions & mergers
  - 4.2.2 New Product launches
  - 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
  - 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
Chapter 5. Global Wood Vinegar Market - Pyrolysis Method Analysis
- 5.1 Global Wood Vinegar Market overview: By Pyrolysis Method
  - 5.1.1 Global Wood Vinegar Market share, By Pyrolysis Method, 2021 and 2028
- 5.2 Slow pyrolysis
  - 5.2.1 Global Wood Vinegar Market by Slow pyrolysis, 2022 - 2028 (USD Million)
- 5.3 Fast pyrolysis
  - 5.3.1 Global Wood Vinegar Market by Fast pyrolysis, 2022 - 2028 (USD Million)
- 5.4 Intermediate pyrolysis
  - 5.4.1 Global Wood Vinegar Market by Intermediate pyrolysis, 2022 - 2028 (USD Million)
Chapter 6. Global Wood Vinegar Market - Application Analysis
- 6.1 Global Wood Vinegar Market overview: By Application
  - 6.1.1 Global Wood Vinegar Market share, By Application, 2021 and 2028
- 6.2 Animal feed
  - 6.2.1 Global Wood Vinegar Market by Animal feed, 2022 - 2028 (USD Million)
- 6.3 Food, medicinal, and consumer products
  - 6.3.1 Global Wood Vinegar Market by Food, medicinal, and consumer products, 2022 - 2028 (USD Million)
- 6.4 Others (including industrial sources for production of acetic acid, tar & creosote production, and wastewater treatment)
  - 6.4.1 Global Wood Vinegar Market by Others (including industrial sources for production of acetic acid, tar & creosote production, and wastewater treatment), 2022 - 2028 (USD Million)
Chapter 7. Wood Vinegar Market - Regional Analysis
- 7.1 Global Wood Vinegar Market Regional Overview
- 7.2 Global Wood Vinegar Market Share, by Region, 2021 & 2028 (USD Million)
- 7.3. North America
  - 7.3.1 North America Wood Vinegar Market, 2022 - 2028 (USD Million)
    - 7.3.1.1 North America Wood Vinegar Market, by Country, 2022 - 2028 (USD Million)
- 7.4 North America Wood Vinegar Market, by Pyrolysis Method, 2022 - 2028
  - 7.4.1 North America Wood Vinegar Market, by Pyrolysis Method, 2022 - 2028 (USD Million)
- 7.5 North America Wood Vinegar Market, by Application, 2022 - 2028
  - 7.5.1 North America Wood Vinegar Market, by Application, 2022 - 2028 (USD Million)
- 7.4. Europe
  - 7.4.2 Europe Wood Vinegar Market, 2022 - 2028 (USD Million)
    - 7.4.2.1 Europe Wood Vinegar Market, by Country, 2022 - 2028 (USD Million)
- 7.4 Europe Wood Vinegar Market, by Pyrolysis Method, 2022 - 2028
  - 7.4.1 Europe Wood Vinegar Market, by Pyrolysis Method, 2022 - 2028 (USD Million)
- 7.5 Europe Wood Vinegar Market, by Application, 2022 - 2028
  - 7.5.1 Europe Wood Vinegar Market, by Application, 2022 - 2028 (USD Million)
- 7.5. Asia Pacific
  - 7.5.3 Asia Pacific Wood Vinegar Market, 2022 - 2028 (USD Million)
    - 7.5.3.1 Asia Pacific Wood Vinegar Market, by Country, 2022 - 2028 (USD Million)
- 7.4 Asia Pacific Wood Vinegar Market, by Pyrolysis Method, 2022 - 2028
  - 7.4.1 Asia Pacific Wood Vinegar Market, by Pyrolysis Method, 2022 - 2028 (USD Million)
- 7.5 Asia Pacific Wood Vinegar Market, by Application, 2022 - 2028
  - 7.5.1 Asia Pacific Wood Vinegar Market, by Application, 2022 - 2028 (USD Million)
- 7.6. Latin America
  - 7.6.4 Latin America Wood Vinegar Market, 2022 - 2028 (USD Million)
    - 7.6.4.1 Latin America Wood Vinegar Market, by Country, 2022 - 2028 (USD Million)
- 7.4 Latin America Wood Vinegar Market, by Pyrolysis Method, 2022 - 2028
  - 7.4.1 Latin America Wood Vinegar Market, by Pyrolysis Method, 2022 - 2028 (USD Million)
- 7.5 Latin America Wood Vinegar Market, by Application, 2022 - 2028
  - 7.5.1 Latin America Wood Vinegar Market, by Application, 2022 - 2028 (USD Million)
- 7.7. The Middle-East and Africa
  - 7.7.5 The Middle-East and Africa Wood Vinegar Market, 2022 - 2028 (USD Million)
    - 7.7.5.1 The Middle-East and Africa Wood Vinegar Market, by Country, 2022 - 2028 (USD Million)
- 7.4 The Middle-East and Africa Wood Vinegar Market, by Pyrolysis Method, 2022 - 2028
  - 7.4.1 The Middle-East and Africa Wood Vinegar Market, by Pyrolysis Method, 2022 - 2028 (USD Million)
- 7.5 The Middle-East and Africa Wood Vinegar Market, by Application, 2022 - 2028
  - 7.5.1 The Middle-East and Africa Wood Vinegar Market, by Application, 2022 - 2028 (USD Million)
Chapter 8. Company Profiles
- 8.1 ACE (Singapore) Pte Ltd.
  - 8.1.1 Overview
  - 8.1.2 Financials
  - 8.1.3 Product Portfolio
  - 8.1.4 Business Strategy
  - 8.1.5 Recent Developments
- 8.2 Canada Renewable Bioenergy Corp.
  - 8.2.1 Overview
  - 8.2.2 Financials
  - 8.2.3 Product Portfolio
  - 8.2.4 Business Strategy
  - 8.2.5 Recent Developments
- 8.3 Nettenergy BV (Netherlands)
  - 8.3.1 Overview
  - 8.3.2 Financials
  - 8.3.3 Product Portfolio
  - 8.3.4 Business Strategy
  - 8.3.5 Recent Developments
- 8.4 TAGROW CO. LTD. (China)
  - 8.4.1 Overview
  - 8.4.2 Financials
  - 8.4.3 Product Portfolio
  - 8.4.4 Business Strategy
  - 8.4.5 Recent Developments
- 8.5 Byron Biochar (Australia).
  - 8.5.1 Overview
  - 8.5.2 Financials
  - 8.5.3 Product Portfolio
  - 8.5.4 Business Strategy
  - 8.5.5 Recent Developments
- 8.6 New Life Agro (U.S.)
  - 8.6.1 Overview
  - 8.6.2 Financials
  - 8.6.3 Product Portfolio
  - 8.6.4 Business Strategy
  - 8.6.5 Recent Developments
- 8.7 Verdi Life (U.S.)
  - 8.7.1 Overview
  - 8.7.2 Financials
  - 8.7.3 Product Portfolio
  - 8.7.4 Business Strategy
  - 8.7.5 Recent Developments
- 8.8 Nakashima Trading Co. Ltd. (Japan)
  - 8.8.1 Overview
  - 8.8.2 Financials
  - 8.8.3 Product Portfolio
  - 8.8.4 Business Strategy
  - 8.8.5 Recent Developments
- 8.9 Penta Manufacturer (U.S.)
  - 8.9.1 Overview
  - 8.9.2 Financials
  - 8.9.3 Product Portfolio
  - 8.9.4 Business Strategy
  - 8.9.5 Recent Developments
- 8.10 Doi & Co. Ltd (Japan).
  - 8.10.1 Overview
  - 8.10.2 Financials
  - 8.10.3 Product Portfolio
  - 8.10.4 Business Strategy
  - 8.10.5 Recent Developments

Table Of Figures

1. Market research Type
2. Market research methodology
3. Global Wood Vinegar Market, 2022 - 2028 (USD Million)
4. Porter’s Five Forces Analysis
5. Global Wood Vinegar Market attractiveness, By Pyrolysis Method
6. Global Wood Vinegar Market attractiveness, By Application
7. Global Wood Vinegar Market share by Pyrolysis Method, 2022 and 2028 (USD Million)
8. Global Wood Vinegar Market by Slow pyrolysis, 2022 - 2028 (USD Million)
9. Global Wood Vinegar Market by Fast pyrolysis, 2022 - 2028 (USD Million)
10. Global Wood Vinegar Market by Intermediate pyrolysis, 2022 - 2028 (USD Million)
11. Global Wood Vinegar Market share by Application, 2022 and 2028 (USD Million)
12. Global Wood Vinegar Market by Animal feed, 2022 - 2028 (USD Million)
13. Global Wood Vinegar Market by Food, medicinal, and consumer products, 2022 - 2028 (USD Million)
14. Global Wood Vinegar Market by Others (including industrial sources for production of acetic acid, tar & creosote production, and wastewater treatment), 2022 - 2028 (USD Million)
15. Global Wood Vinegar Market share, by Region, 2022 and 2028
16. North America Wood Vinegar Market, 2022 - 2028 (USD Million)
17. Europe Wood Vinegar Market, 2022 - 2028 (USD Million)
18. Asia Pacific Wood Vinegar Market, 2022 - 2028 (USD Million)
19. Latin America Wood Vinegar Market, 2022 - 2028 (USD Million)
20. The Middle-East and Africa Wood Vinegar Market, 2022 - 2028 (USD Million)

Table Of Tables

1. Global Wood Vinegar Market: Snapshot
2. Drivers of the Wood Vinegar Market: impact analysis
3. North America Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
4. North America Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
5. U.S. Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
6. U.S. Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
7. Canada Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
8. Canada Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
9. Europe Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
10. Europe Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
11. Germany Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
12. Germany Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
13. France Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
14. France Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
15. U.K. Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
16. U.K. Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
17. Italy Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
18. Italy Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
19. Spain Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
20. Spain Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
21. Rest of Europe Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
22. Rest of Europe Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
23. Asia Pacific Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
24. Asia Pacific Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
25. China Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
26. China Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
27. Japan Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
28. Japan Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
29. India Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
30. India Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
31. South Korea Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
32. South Korea Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
33. South-East Asia Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
34. South-East Asia Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
35. Rest of Asia Pacific Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
36. Rest of Asia Pacific Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
37. Latin America Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
38. Latin America Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
39. Brazil Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
40. Brazil Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
41. Mexico Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
42. Mexico Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
43. Rest of Latin America Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
44. Rest of Latin America Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
45. The Middle-East and Africa Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
46. The Middle-East and Africa Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
47. GCC Countries Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
48. GCC Countries Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
49. South Africa Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
50. South Africa Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)
51. Rest of Middle-East Africa Wood Vinegar Market revenue, By Pyrolysis Method, 2022 - 2028 (USD Million)
52. Rest of Middle-East Africa Wood Vinegar Market revenue, By Application, 2022 - 2028 (USD Million)

Methodology

Free Analysis

Wood vinegar is known as the pyroligneous acid in chemistry. It was first investigated by Johann Rudolph Glauber a German chemist. It is a brown colored flavored liquid produced with the help of distillation of wood and other plant material in the absence of air. The main chemical components of pyroligneous acid are acetic acid, formaldehyde, and methanol. Various types of woods are used for producing various kinds of wood vinegar including eucalyptus, oak, bamboo, mangrove, coconut shell, and apple trees.

Wood vinegar is a natural inhibitor and shows various bioactivities which make it suitable to be used as an antifungal, repellent and termiticidal applications. It shows excellent antimicrobial activity against various microorganisms. In addition, it shows significant antioxidant and antibacterial activity. Due to its medicinal properties, wood vinegar has a huge application in the pharmaceutical industry globally. Thus it is anticipated to drive the demand for wood vinegar market during the forecast period.

Global Wood Vinegar Market

Wood vinegar has various agriculture applications. The process of manufacturing wood vinegar is sustainable. The acetic acid in wood vinegar acts as soil disinfectant and methanol increases the crop yield. Hence it can be used as animal fodder, organic pesticide & fertilizer and can be the attractive replacement for the synthetic chemicals. Increasing demand for organic pesticides in order to maintain the soil fertility and contamination free animal feed is driving the growth of wood vinegar globally.

Based on the application, the wood vinegar market is segmented into agriculture, animal feed, pharmaceutical, personal care and cosmetic, food & beverages, and others. Among which agriculture segment held the dominant position in wood vinegar market due to huge demand for organic animal feed, biopesticides, and biofertilizer.

Based on method, wood vinegar market is segmented into slow pyrolysis, intermediate pyrolysis, and rapid pyrolysis. Among which slow pyrolysis holds the largest market share due to its advantages in terms of yield and quality.

Growing pharmaceutical and food industry globally is expected to impact positively the global wood vinegar market. Moreover, increasing cosmetic and personal care industry is projected to drive the demand for wood vinegar in the near future. The emergence of various skin care products such as anti-aging, anti-wrinkle, and anti marks cream is anticipated to fuel the market growth over the years to come. Growing awareness among the consumers regarding the harmful impact of dust, environment, and sunrays has benefited the uptake of various skin care products in several countries. However, government regulation on charcoal production is expected to hinder the wood vinegar market growth. Nonetheless, R&D initiatives to develop advanced products offer vast opportunities for the industry participants.

By geography, Asia Pacific estimated for the largest chunk of market share in terms of revenue in 2017. The industry is expected to be driven by increasing demand for biopesticides and biofertilizer in the countries such as India, China, and Japan. In terms of revenue, Asia Pacific was followed by Europe and North America. North America is projected to show insignificant growth in the years to come. This is mainly due to demand for wood vinegar in animal feed products and as a food additive has increased the growth of the wood vinegar market in North America.

The global wood vinegar market is consolidated; the major players accounted for a significant share of the market in 2017. Some of the key companies have been investing in technological advancement, maintaining standards and product innovation in order to retain their dominance in the market. Some of the key players in the wood vinegar market are Canada Renewable Bioenergy Corp., Vinegar Australia Tagrow Co., Ltd., Byron Biochar, Taiko Pharmaceutical Co., Ltd., Nettenergy BV, ACE Pte Ltd., Sort Of Coal, VerdiLife LLC, and others.

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FrequentlyAsked Questions

Which key factors will influence Wood Vinegar Market growth over 2022-2028?

The global wood vinegar market is expanding rapidly and is predicted to expand more throughout the forecast period, owing to rising consumer demand for organic pesticides. In addition, the expanding government initiatives to use bio-based goods as a substitute for synthetic chemicals are predicted to drive the market demand for wood vinegar.