A
report by Transparency Market Research, titled, “Wood Vinegar
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2017 - 2025,” predicts this market to garner a voluminous
growth owing to its extensive applications in the burgeoning food and
agricultural sector.
As
wood vinegar being a bio-based product extracted directly from wood
that does inflict harmful effects on the environment, its rising
demand has considerably improved the market since past few decades.
Such an eco-friendly nature of the extracts has increased preference
for organic and bio-based products among consumers, thus driving the
market. Strict government regulations demanding minimum environmental
impact is another reason for higher emphasis to exist on using
natural derivatives such as wood vinegar. This has been considerably
boosting the global wood vinegar market’s growth. Extraction,
curing, and production processes of wood vinegar are fairly easy,
which has encouraged several players to expand their production
processes by encountering minimum hassles. In this way, such a
large-scale enthusiasm by players owing to the presence of less
complex processes has certainly bolstered the global wood vinegar
market. Several bio-based products are being increasingly promoted
all over the world, thus leading towards the growth in this market
being boosted.
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However,
wood vinegar extracted from trees infected with diseases and other
plant-based ailments may have poor quality, thus being unsuitable for
usage. This may prove to be a significant restraint to the global
wood vinegar market, affecting its revenue collection in the near
future.
The
global wood vinegar market could be segmented on the basis of
application, manufacturing process, and region. Under applications,
the market consists of several segments such as agriculture, animal
husbandry, wood tar, pharmaceuticals, food, agriculture, cosmetics,
wood tar, and waste water treatment. Of these, food as well as
agricultural sector could lead the market in terms of maximum revenue
gained. In case of the former category, wood vinegars find extensive
application in the form of preservatives, anti-oxidants, and
substances having anti-microbial properties. In agriculture, wood
vinegar provides several benefits such as improved seed germination,
soil enrichment, root stimulation, and better disease resistance,
thus improving its demand.
Geography-wise,
the global wood vinegar market is spread across Asia Pacific, Latin
America, North America, Europe, and the Middle East and Africa. From
these, Asia Pacific showcases maximum growth owing to extensive
production of vinegar in this region. A surging demand for organic
farming in this region is further expected to boost growth in the
forthcoming years. Apart from Asia Pacific, the global wood vinegar
market also anticipated to showcase fantastic growth in Europe owing
to healthy practices of using biodegradable materials.
The
vendor landscape of the global
wood vinegar market showcases a highly competitive outlook
thanks to scores of players operating in this market. Owing to the
extraction of a substance having almost similar properties all over
the world, most players are focusing on product differentiation,
regional expansion, and regulation of costs. Several businesses are
also participating in implementing strategies such as potential
partnerships, mergers and acquisitions. Some of the major players
operating in the global wood vinegar market are Byron Biochar,
Nakashima Trading Co. Ltd., Verdi Life, Canada Renewable Bioenergy
Corp., TAGROW CO., LTD., Nettenergy BV, New Life Agro, Doi & Co.,
Ltd., Penta Manufacturer, and ACE Pte Ltd.
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