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Wood Vinegar Market Expected to Reach 6.7 Million USD by 2022

03-20-2017 12:21 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

The report "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", The wood vinegar market is projected to reach a value of USD 6.7 Million by 2022 at a CAGR of 7.2%.

Browse 78 market data tables and 31 figures spread through 111 pages and in-depth TOC on “Wood Vinegar Market - Global Forecast to 2022"

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The market is driven by factors such as demand for bio-based agricultural inputs and rise in applications of wood vinegar in various industries in Asia-Pacific and Europe. The high growth potential in the emerging markets and untapped regions provides new growth opportunities for the market players.
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The slow pyrolysis segment of wood vinegar market is the largest and projected to be the fastest-growing segment in the wood vinegar market, by pyrolysis method, during the forecast period 2016–2022

Slow pyrolysis method, having advantage over in terms of yield and quality of wood vinegar produced, has the largest share in the global wood vinegar market, followed by the fast pyrolysis method. Growth in demand for different grades of wood vinegar for a range of applications is one of the drivers behind the growth of global slow pyrolyzed wood vinegar market.

The agriculture segment has the largest application market for wood vinegar in 2016

Wood vinegar has wide agricultural applications which accounted for the largest share in the wood vinegar market in 2015. Its agricultural applications include pesticides and fertilizers, which are widely used for its multifunctional benefits. It helps control the impact of harmful insects on crops. For instance, when wood vinegar is applied to the soil in high concentrations, it helps in preventing the growth of eelworms and the resultant damage caused to the soil. However, when used in low concentrations, it increases the number of useful microbes in the soil. Wood vinegar also helps crops in the development of stronger and healthier roots, which leads to enhanced uptake of nutrients.

Significant growth for wood vinegar is observed in the Asia-Pacific region

The Asia-Pacific region is expected to witness rapid growth in the wood vinegar market. This is due to the consumer acceptance for wood vinegar as an essential natural farming input. Domestically produced wood vinegar is utilized as a pesticide in countries where synthetic chemicals are not easily available, as well as in areas where the cost of chemicals is high for small-scale farmers. On a global scale, wood vinegar is used as a biopesticide, this is due to the need to minimize environmental risk as a result from chemical pesticides. Furthermore, the increasing demand for organic farming is expected to positively influence the wood vinegar market in the Asia-Pacific region in 2016 which is also projected to lead to a large market share during the forecast period.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as ACE (Singapore) Pte Ltd, Canada Renewable Bioenergy Corp., Nettenergy BV (Netherlands), TAGROW CO., LTD. (China), and Byron Biochar (Australia).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
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