Wood Vinegar Market Size and Share | Industry Report and Forecast 2022-2027

The latest research study "Wood Vinegar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global wood vinegar market size reached US$ 4.33 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.39 Billion by 2027 exhibiting a growth rate (CAGR) of 5.70% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Wood vinegar, alternatively known as pyroligneous acid, represents a dark liquid obtained through the destructive distillation of wood and other biomass materials. It can be segmented based on the pyrolysis method, which includes slow pyrolysis, fast pyrolysis, intermediate pyrolysis, etc. Wood vinegar variants assist in enhancing the germination of seeds, stimulating growth in vegetables, speeding up the composting process, increasing the fertility of the soil, boosting plant resistance to diseases, preventing bacterial infections among crops, etc.

Consequently, they find widespread applications across numerous sectors, including agriculture, food and beverages (F&B), personal care and cosmetics, pharmaceuticals, etc.

Wood Vinegar Market Trends and Drivers:

The expanding food and beverage (F&B) industry and the elevating usage of acetic acid as acidulants are primarily driving the wood vinegar market. In line with this, the escalating product adoption to add a flavor to processed food products, such as seafood and meat, is also positively influencing the market growth.

Additionally, the development of highly advanced and efficient pyrolysis technologies by leading market players to improve the overall yield and the growing product differentiation are acting as significant growth-inducing factors.

Besides this, the rising demand for organic food products among consumers across the globe and the implementation of stringent regulations by government bodies aimed at restricting the use of pesticides and chemical fertilizers in agricultural activities are anticipated to bolster the wood vinegar market in the coming years.

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Report Segmentation:

The report has been segmented the market into
following categories:

Breakup by Application:
• Agriculture
• Animal Feed
• Food, Medicinal and Consumer Products
• Others

Breakup by Pyrolysis Method:
• Slow Pyrolysis
• Fast Pyrolysis
• Intermediate Pyrolysis

By Geography:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, •Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, •Spain, Russia, Others)
•Latin America (Brazil, Mexico, Others)
•Middle East and Africa

List of Major Key Players:

The major players in the market are Ace (Singapore) Pte Ltd, Applied Gaia Corporation, Byron Biochar, Doi & Co. Ltd., Nettenergy B.V., New Life Wood Vinegar, Sane Shell Carbon Private Limited, Tagrow Co. Ltd., Taiko Pharmaceutical Co. Ltd. and VerdiLife.

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This release was published on openPR.