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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