Research and Markets has announced the addition of the "Wood Vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, and Intermediate Pyrolysis), Application (Agriculture, Animal Feed, Food, Medicinal, and Consumer Products), and Region - Global Forecast to 2022" report to their offering.

The wood vinegar market is projected to reach USD 6.7 million by 2022 at a CAGR of 7.2% from 2016 to 2021.

The market is driven by factors such as high demand for organic food products, rise in demand for bio-based agricultural inputs, and the use of wood vinegar for food, animal feed, and medicinal applications in various countries across the globe.

Wood vinegar is most widely used in agricultural applications, which accounted for the largest share in the wood vinegar market. It is used as a pesticide and fertilizer as it has multifunctional benefits. It also helps in controlling the impact of harmful insects on crops. Wood vinegar, when applied to the soil in high concentrations, prevents the growth of eelworms and the damage caused due to soil diseases. However, when used in low concentrations in the soil, it enhances the number of useful microbes in the soil. Wood vinegar also helps crops to develop stronger and healthier roots, which eventually helps in better uptake of nutrients.

Wood vinegar is rapidly gaining acceptance as an essential natural farming input in the Asia-Pacific region. Locally produced wood vinegar is used as a pesticide in countries where synthetic chemicals are not available, or where the price of the chemicals is too high for small-scale farmers. Globally, the need to minimize environmental risks resulting from chemical pesticides has fueled the use of wood vinegar as a biopesticide. The growth in demand for organic farm inputs is expected to have a high impact on the wood vinegar market in Asia-Pacific right through 2022.

Market Dynamics

Drivers

  • Improved Crop Yield
  • Stringent Regulations Regarding the Usage of Crop Protection Chemicals and Rising Consumption of Organic Food Products

Restraints

  • Low Awareness About Wood Vinegar, Globally

Opportunities

  • Growing Use of Wood Vinegar in Various Applications Across Industries

Challenges

  • Emission of Harmful Gases Through Conventional Kiln During the Production of Wood Vinegar

The market for wood vinegar consists of players from the agricultural and chemical industries, which include

  • Ace (Singapore) PTE Ltd
  • Byron Biochar
  • Canada Renewable Bioenergy Corp.
  • DOI & Co., Ltd
  • Nakashima Trading Co. Ltd.
  • Nettenergy BV
  • New Life Agro
  • Penta Manufacturer
  • Tagrow Co., Ltd.
  • Verdi Life

For more information about this report visit http://www.researchandmarkets.com/research/mgkmwh/wood_vinegar