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Wood Vinegar Market Growing Due to Improved Crop Yield & Increasing Government Initiative for Bio-Based Products
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Market Segmentation: Wood Vinegar
The wood vinegar market is segmented on the basis of its application as food, agriculture, waste water treatment, animal husbandry, wood tar, cosmetics, pharmaceuticals etc. In food industry wood vinegar is used to provide specific aroma and flavour to food. Wood vinegar is also used as preservative, anti-microbial and anti-oxidant in food industry. In cosmetic and pharmaceutical industry, wood vinegar can be used as deodorizer, sun screen lotion soaps, sterilizing agent for treatment of dandruff, atopic dermatitis, and other skin diseases. Wood vinegars are used as alternative to chemical pesticides and fertilizers. Wood vinegar is also used in animal fodder for betterment of animals. In organic farming wood vinegar is the most preferred option by farmers.
The wood vinegar market is segmented on the basis of manufacturing process as fast and intermediate pyrolysis and slow pyrolysis. Fast and intermediate pyrolysis method of wood vinegar production is mainly used by domestic producers in small scale where in slow pyrolysis is used by small as well as large manufacturers for higher yield of the products.
The Wood Vinegar market is segmented on the basis of regions as North America, Latin America, Europe, APAC and ME.
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Global Wood Vinegar Market: Regional Outlook
Depending on geographic regions global Wood Vinegar market is segmented into five key regions: North America, Latin America, Europe, APAC and ME. Wood vinegar is produced across the globe but majorly in Asia Pacific region. Wood vinegar market is expected to grow globally in forecast period. Europe region has also seen dominant in wood vinegar production market due to higher yields of bamboo plants. Global demand for wood vinegar is more as its versatile applications.
Global Wood Vinegar Market: Drivers and Trends
Wood vinegar market is growing due to improved crop yield, increasing government initiative for bio-based products, increasing base of end-use industries, stringent environment regulations etc. Trend of poverty alleviation is also one of the key driver for wood vinegar market. Easy and quick production of wood vinegar is driving its production market in small as well as large scale manufacturers. Some key drivers for the growth of the wood vinegar market are its applications in agricultural practices such as increased disease resistance in plants, improved seed germination, soil enrichment and root growth stimulation. Promotion of bio-based products is increasing globally as a result of growth of biochar production and bio-refineries which is driving wood vinegar market.
Global Wood Vinegar: Key Players
Some of the key players identified across the value chain of the global wood vinegar market include Canada Renewable Bioenergy Corp., Doi & Co., Ltd., Nakashima Trading Co. Ltd., ACE Pte Ltd., Nettenergy BV, TAGROW CO., LTD., Byron Biochar, New Life Agro, Verdi Life, Penta Manufacturer etc. are amongst.
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