The global wood vinegar market is expected to grow at a CAGR of more than 6% from 2018 to 2025 and reach the market value of over $6 million by 2025.
Wood vinegar is a by-product of charcoal production. It is a liquid produced by gas and burning fresh wood in airless condition, and condenses into a liquid when the gas is cooled. The major components of wood vinegar are acetone, acetic acid, and methanol. Additionally, wood vinegar contains 80%-90% water along with some 200 organic compounds. Furthermore, raw wood vinegar also contains more than 200 chemicals, including methanol, formaldehyde, tar, acetic acid, ethyl-valerate, and others. Wood vinegar improves the quality of the soil, eliminates pests and controls the growth of plants; it is slightly toxic to fish and very toxic to plants if large quantity of wood vinegar is applied. It speeds up roots, stems, tubers, leaves, flowers and fruit growth. Benefits of wood vinegar include:
Increasing government regulations on the use of crop protection chemicals, need for increased cropping yields and increasing acceptance of organic food products by people are the key factors which are likely to drive the market growth during forecast period and lead to development of economy. Another factor that is anticipated to boost the development of this market is the increasing demand for wood vinegar in pharmaceutical and cosmetics industry. In addition, the growing use of wood vinegar among multiple sectors, the efficient production of wood and increasing use of wood vinegar in food industry are some significant considerations which are expected to promote food market growth in the near future. This development of wood vinegar is anticipated to increase the wood vinegar market during forecast period. However, limited number of manufacturers and stringent government policies and regulations are the major factors that restrict the global market growth. Lack of awareness regarding the health benefits of wood vinegar is anticipated to hamper the development of the market in the near future, particularly in emerging nations.
Among wood vinegar applications, agriculture sector accounts for the largest share in the global wood vinegar market. Wood vinegar is a light brownish liquid produced by natural carbonization. Mostly it is used in agriculture as a fertilizer, and pesticide with a wide range of benefits such as strengthens roots and leaves, the quantity of microbes, stimulates plant and vegetable growth, improved absorption within the roots, repels pests and insects, prevents plant infection from fungal, bacterial diseases and viruses. Wood vinegar reduces the value of water in the cluster by 1/3. Due to its small mass, water is activated and easily absorbed by plants and animals. There are one or more mineral elements in each of these masses. These elements are easily absorbed by plants and the use of agrochemicals is greatly reduced. However, alkaline chemicals should not be combined.
Consumption of Wood Vinegar
Benefits of Wood vinegar for Organic agriculture
The market research study on “Wood Vinegar Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, offers a detailed insights on the global wood vinegar market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on wood vinegar market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global wood vinegar market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The wood vinegar market analysis is provided for major regional markets including North America, Europe, China, Japan, Southeast Asia, India, South America, Middle East & Africa followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report. The Asia-Pacific region accounted for significant market share and over the forecast period is expected to grow at a high CAGR. This is due to the consumer's acceptance in this region for wood vinegar as an essential natural agricultural input. Wood vinegar is also used as a bio-pesticide; as it minimize the environmental risk. In addition, the increasing demand for organic farming in this region is expected to have a positive impact on the wood vinegar market. It is produced locally as a substitute for low-cost synthetic chemicals. An additional growth factor for the wood vinegar market in Asia-Pacific is the increasing adoption of organic food. The players profiled in the report include Doishouten, Daeseung, Seirogan, Nohken-techno, Shinryum Charcoal Co., Ltd., TagrowCo.,Ltd., New Life Agro, ACE (Singapore) Pte. Ltd, Nettenergy BV., Byron Biochar, Verdi Life, Wood Vinegar Australia, Thai Wood Vinegar, Lovesoot, and among others. Companies in the market are focusing on new product launches, and brining products in the marketplace that are natural and at the same time very affordable. Manufacturers of wood vinegar need to efficiently meet the requirements of various end users in different applications, while ensuring the supply of the required products, as quality and positive outcome are of utmost importance to the end-use industry.
Market By Type
Market By Application
Market By Geography