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Global Wood Vinegar Market: Quick and Easy Production and Promotion of Bio-based Products Facilitate Improved Demand, says TMR
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One of the leading drivers of the global wood vinegar market at the moment, is the growing demand for it in organic farming. More and more consumers are showing awareness and aversion to the use of synthetic fertilizers and pesticides due to the harmful effect they have on both crops and environment. The long term disadvantages of several synthetic pesticides and fertilizers are shown to outweigh their short term advantages such as low cost and high production rates. Wood vinegar provides an extremely appealing alternative to these products for the agriculture industry, thus forming the leading propellant to its demand.
The production of wood vinegar is also currently sowing ease in coping with the surge in demand. Large scale production of wood vinegar is possible as it is a byproduct of producing charcoal from the biochar production process. This process is also very cost-effective and therefore considered as a primary manufacturing method for wood vinegar. The two key manufacturing processes that the global wood vinegar market can be segmented into are slow pyrolysis and fast or immediate pyrolysis.
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Based on applications, the global wood vinegar market can be segmented into food, agriculture, waste water treatment, animal husbandry, wood tar, cosmetics, and pharmaceuticals. From a regional perspective, the demand for wood vinegar has been exceptionally high in Asia Pacific over the recent past, and is likely to remain that way for the coming future. The demand for wood vinegar is also steadily growing in North America and Europe, due to its association with the growing industry of organic farming.
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, and Penta Manufacturer.
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