In 2016, the global wood vinegar market was valued at USD 3.7million. Global demand is growing for wood vinegar, which is free of chemicals and can be used to increase soil fertility and provide natural feed that is resistant to infection. It can be used both as an organic pesticide and as animal feed. It is an attractive alternative to synthetic chemicals.
Wood vinegar, also known as mokusaku and pyroligneous, is made using traditional methods in certain countries of Asia. This liquid is made from biomass by carbonization and contains over 200 natural compounds, mainly acetic acid and formaldehyde.
Acetic Acid acts as a soil disinfectant. Methanol can also be used to increase crop yield by using less water. Phenols, on the other hand, are natural sources of antioxidants. These attributes make it an excellent choice for sustainable farming and increase crop yield.
Most countries in Asia have established their renewable energy targets. They have policies that promote energy from biomass production and use. Pyroligneous acid, which is formed by the pyrolysis of biomass, is a bi-product. Recently, companies have begun to commercially sell pyroligneous acids due to its wide applications in many industries, including agriculture, animal husbandry and pharmaceuticals. The wood vinegar market is expected to grow due to increased demand from different industries over the forecast period.
From 2017 to 2025, the U.S. market will grow at 5.9% to reach USD 1.05million by 2025. With the growing interest of the millennial generation, organic food sales are rising. The lack of comparable organic farmland to produce organic food is driving the increase in organic food imports from food processors and marketers. The U.S. Department of Agriculture created the "National Organic Program" to encourage organic farming. It provides financial, technical, and guidance for producers of organic agricultural products.
Organic farming can provide economic stimulation to rural areas as well as poverty alleviation. Farmers who learn sustainable agricultural principles can increase their yield and income by increasing the farm's size and conditions. The economic benefit to farmers is what drives most of the Asian governments to support organic farming at the local, regional and national levels.
EU sustainability certification encourages the use of nonwood biomass to produce biofuels. If manufacturers switch to non-wood biomass-based production, this could limit the market's growth.
Agriculture was the most important application industry, accounting for 43.7% global revenue share in 2016. This was followed by animal feed, which was the second largest revenue segment. Wood vinegar can be applied to soil in high quantities and inhibits soil diseases. It can be combined with other agricultural chemicals to increase its efficacy. It increases the strength of roots and yields plants.
Many sources can be used to make feed ingredients, which can expose livestock to biological and chemical hazards. Animal feeds may contain aflatoxin or dioxin, which can lead to health problems for humans. This is a serious concern for the livestock sector. Wood vinegar is being used as an animal feed to increase resistance and decrease the health risks associated with eating meat from animals.
Asia Pacific is the largest market for global revenue, and it will continue to lead the way in the future. It was valued at USD 1,352.4 million in 2016, and is expected to grow at 7.8% CAGR between 2017-2025.
Asia Pacific's market is dominated in large part by the presence of many organic producers from India, China, and Australia. Australia is the country with the largest organic agricultural land, while India has the highest number of organic farmers, but has small farms. China is the fifth-largest country in terms organic agricultural land. Export-oriented countries make up the majority of organic product producers.
North America was closely followed by Asia Pacific in terms of revenue. The forecast period will see Asia Pacific grow at a rate 5.8%. Wood vinegar is used as an animal feed additive and food additive in the application segment. Several health risks are associated with genetically modified organisms being used to increase poultry yield. This region is seeing an increase in demand for non-genetically altered organism (non GMO) animal food.
Manufacturers prefer slow pyrolysis as it is the best method for generating revenue. It is expected to be worth USD 4.4 Million by 2025, with a 6.3% annual growth rate over the forecast period. It was responsible for 68.6% global revenue share in 2016.
Slow pyrolysis has been used for centuries in the production of charcoal and biochar. Slow pyrolysis is a flexible method that allows for the use of agricultural and biorefinery wastes as feedstock. The type of biomass used will determine the yield of pyrolysis. For a higher yield of biochar, slow pyrolysis is preferred. Many countries, such as Vinegar Australia and Earth Energy systems, prefer slow pyrolysis to make biochar.
Vinegar Australia, Sort Of Coal, VerdiLife LLC, Taiko Pharmaceutical Co., Ltd, and Nettenergy B.V. are the key players in this global market. The global market was dominated by Applied Gaia Corporation. As the top manufacturers have less than 30% of the global market, there is moderate competition among them. This market is characterised by the absence of many domestic and global players. These factors offer opportunities for growth for new entrants.
This report predicts revenue growth at the global, regional, and country level and analyzes the industry trends in each sub-segment from 2014 through 2025. Up Market Research has divided the wood vinegar market by application, region, and method.
App Outlook (Revenue USD Million, 2014-2025)
Agriculture
Animal-Feed
Consumer, Medicinal, and Food Products
Other
Method Outlook (Revenue USD Million, 2014-2025)
Slow Pyrolysis
Intermediate Pyrolysis
Fast Pyrolysis
Regional Outlook (Revenue USD Million, 2014-2025)
North America
The U.S.
Canada
Europe
Germany
U.K.
France
Asia Pacific
China
India
Japan
Australia
Central & South America
Brazil
Middle East & Africa
South Africa
Up Market Research published a new report titled “Wood Vinegar Market research report which is segmented by Method (Fast Pyrolysis, Slow Pyrolysis, Intermediate Pyrolysis), by Application (Animal Feed, Food, Medicinal, Consumer Products, Agriculture), By Players/Companies VerdiLife LLC, which offer favorable scope of growth for the new entrants, Sort Of Coal, Taiko Pharmaceutical Co, Ltd, Vinegar Australia, Nettenergy BV Applied Gaia Corporation dominated the global market The competitive rivalry among manufacturers is medium as the leading manufacturers hold less than 30% share in the global market The market is characterized by the presence of few domestic as well as global players”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Wood Vinegar Market Research Report |
By Method | Fast Pyrolysis, Slow Pyrolysis, Intermediate Pyrolysis |
By Application | Animal Feed, Food, Medicinal, Consumer Products, Agriculture |
By Companies | VerdiLife LLC, which offer favorable scope of growth for the new entrants, Sort Of Coal, Taiko Pharmaceutical Co, Ltd, Vinegar Australia, Nettenergy BV Applied Gaia Corporation dominated the global market The competitive rivalry among manufacturers is medium as the leading manufacturers hold less than 30% share in the global market The market is characterized by the presence of few domestic as well as global players |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Method (Fast Pyrolysis, Slow Pyrolysis, Intermediate Pyrolysis), by Application (Animal Feed, Food, Medicinal, Consumer Products, Agriculture).
Wood Vinegar Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Wood Vinegar Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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