Global Wood Vinegar Market: Snapshot
Wood vinegar, a natural extract from wood, is gaining popularity for a number of non-toxic and biodegradable applications in the food and agriculture sector. In developed nations, such as the U.S., it is widely being preferred as a natural alternative to chemical pesticides and fertilizers. The production of wood vinegar is a highly cost-effective and sustainable as it is obtained as a by-product in the production of biochar or charcoal. Furthermore, it is gaining traction in organic farming in developed regions. In the food industry, wood vinegar is increasingly used to lend a variety of aromas and flavors to food products. In addition, wood vinegar is used as preservatives having numerous anti-microbial and anti-oxidant properties. Wood vinegar is also used as fodders in the agriculture sector.
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The rising need for reducing the reliance on expensive agrochemicals in various developing and developed nations has further boosted the uptake. Furthermore, wood vinegar has a high density liquid and is considered to significantly improve the intake of water and minerals by plants. In addition, it is found to stimulate seed germination for a variety of species of plants by increasing the availability of helpful microbes for the plants. The Europe market for wood vinegar is expected to rise at an impressive pace in the coming years, driven by robust cultivation of bamboo plants. The emerging applications of wood vinegar in the pharmaceutical and cosmetics industries bodes well for the market.
Wood vinegar is also called as pyroligneous acid or liquid smoke and is a byproduct obtained from charcoal or biochar production. Wood vinegar production is a cost effective procedure and takes only one day for the production. Wood vinegar is used to kill pests, weeds in soli felicitating the growth of plant. The exhaust smoke of charcoal is cooled and converted into liquid which gives wood vinegar along with by-products such as tar and bio-oil. Wood vinegar is a source of ester, phenol, methanol, acetic acid, ketone, formic acid and methanol. Wood vinegar is useful in root stimulation which can be used for enhance growth and retard growth of the plant by varying the volume of mixture.
Market Segmentation: Wood Vinegar
The wood vinegar market is segmented on the basis of its application as food, agriculture, waste water treatment, animal husbandry, wood tar, cosmetics, pharmaceuticals etc. In food industry wood vinegar is used to provide specific aroma and flavour to food. Wood vinegar is also used as preservative, anti-microbial and anti-oxidant in food industry. In cosmetic and pharmaceutical industry, wood vinegar can be used as deodorizer, sun screen lotion soaps, sterilizing agent for treatment of dandruff, atopic dermatitis, and other skin diseases. Wood vinegars are used as alternative to chemical pesticides and fertilizers. Wood vinegar is also used in animal fodder for betterment of animals. In organic farming wood vinegar is the most preferred option by farmers.
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The wood vinegar market is segmented on the basis of manufacturing process as fast and intermediate pyrolysis and slow pyrolysis. Fast and intermediate pyrolysis method of wood vinegar production is mainly used by domestic producers in small scale where in slow pyrolysis is used by small as well as large manufacturers for higher yield of the products.
The Wood Vinegar market is segmented on the basis of regions as North America, Latin America, Europe, APAC and ME.
Global Wood Vinegar Market: Regional Outlook
Depending on geographic regions global Wood Vinegar market is segmented into five key regions: North America, Latin America, Europe, APAC and ME. Wood vinegar is produced across the globe but majorly in Asia Pacific region. Wood vinegar market is expected to grow globally in forecast period. Europe region has also seen dominant in wood vinegar production market due to higher yields of bamboo plants. Global demand for wood vinegar is more as its versatile applications.
Global Wood Vinegar Market: Drivers and Trends
Wood vinegar market is growing due to improved crop yield, increasing government initiative for bio-based products, increasing base of end-use industries, stringent environment regulations etc. Trend of poverty alleviation is also one of the key driver for wood vinegar market. Easy and quick production of wood vinegar is driving its production market in small as well as large scale manufacturers. Some key drivers for the growth of the wood vinegar market are its applications in agricultural practices such as increased disease resistance in plants, improved seed germination, soil enrichment and root growth stimulation. Promotion of bio-based products is increasing globally as a result of growth of biochar production and bio-refineries which is driving wood vinegar market.
Global Wood Vinegar: Key Players
Some of the key players identified across the value chain of the global wood vinegar market include Canada Renewable Bioenergy Corp., Doi & Co., Ltd., Nakashima Trading Co. Ltd., ACE Pte Ltd., Nettenergy BV, TAGROW CO., LTD., Byron Biochar, New Life Agro, Verdi Life, Penta Manufacturer etc. are amongst.
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