Wood Vinegar Market Globally Expected to Drive Growth through 2017 – 2027

Added: (Wed Dec 05 2018)

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Wood vinegar is a natural substance extracted from wood also known as pyroligneous acid, mokusaku or liquid smoke. Wood vinegar is a biodegradable and non-toxic material used in animal feeds and agriculture, and consider as a good choice for organic farming. Wood vinegar aids in stimulating plant & fruit growth, reduce odor, enriches soil fertility, prevents pests, weeds, roots from rotting and enhance seeds for germination. Moreover, wood vinegar strengthens the photosynthesis, expands the content of chlorophyll of the plants, and improves the crop resistance. Wood vinegar is produced through the process of carbonization, which takes place when the wood is heated in an airless container. Wood vinegar is used as a source for acetic acids. Acetic acids account for 6-7% of overall ingredients and 70% of natural matter. In addition, vinegar is comprised of 80-90% of water along with more than 200 organic compounds. Also, when bio-oils produced at a moderate temperate with the relatively high heating rate, it turned into wood vinegar. Wood vinegar has a strong germicidal effect owing to the presence of germicidal ingredients such as phenol & methanol, and high acidity property.

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Wood Vinegar Market:Drivers and Restraints

Wood vinegar market is witnessing maximum growth owing to increasing se of bio-fertilizers and pesticides among food manufacturers, improve flavor, irmness, color, better crop yield, enhance soil fertility, expanding government nitiatives for the use of bio-based ingredient & pigments in food, and a ubstitute to agrochemicals. Moreover, expanding application of wood vinegar mong various industries, low manufacturing cost, potential for waste anagement, and upsurge in the food industry are some of the others factors hat can boost the demand for wood vinegar over the forecast period. owever, imited manufacturers for the production of wood vinegar and stringent regime olicies & regulations may hamper the growth of wood vinegar market in he near future.

The Wood vinegar market has been classified on the basis of pyrolysis ethod, and application.

Based on pyrolysis method, the wood vinegar arket is segmented into the following:

• Fast Pyrolysis

• Slow Pyrolysis

Based on application, the wood inegar market is segmented into the following:

• Animal Feed

• Agriculture

• Consumer roducts

•  

• Medicinal

Wood vinegar market evenue is expected to grow at a rapid growth rate, over the forecast period. he market is anticipated to perform well in the near future, owing to the fact hat it has a empyreumatic taste , odor, grow healthy soil microbes, better esistance to pests, has an acidifying pH adjuster, and enhance the nutrition evel & quality of the produced crops. Moreover, acceptance of wood inegar as an essential farming raw material, and used as a pesticide are ome f the other  factors that can accelerate the market revenue growth of ood vinegar during the forecast period. Based on pyrolysis method, slow yrolysis is anticipated to grow at the highest CAGR over the forecast period. his is attributed to aid the fuel production, power generation from various iomasses, pre-conditioning unit for gasifiers, and improve the quality of wood inegar based products. Based on application, agriculture segment dominates he global wood vinegar market during the forecast period. This is attributed to ts several advantages in the agriculture sector such as improve seeds ncubation, stimulate root growth, soil enrichment and control the harmful ffect f weed on crop growth.

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Depending on the geographic region, wood vinegar market is divided into even key regions: North America, Eastern Europe, Latin America, Western urope, Japan, Asia Pacific, and Middle East & Africa. North America ominates the wood vinegar marketfollowed by Europe This is attributed to the igh consumption of convenience and processed food, high awareness about ood safety, high demand for bio-based agriculture fertilizers and extensively se of wood vinegar in Japan and other regions. Asia Pacific and Middle East nd Africa hold huge potential and show substantial growth in terms of ncreasing use of organic fertilizer, substitute to synthetic chemicals for small-cale farmers, and the presence of local players in these regions are some of he factors which strengthens the growthof wood vinegar market throughout he forecast period.