Wood Vinegar Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1427
Wood Vinegar Market size is anticipated to observe a surge in demand owing of increase in organic food, bio based agricultural inputs and extensive use of the product in animal feed and medical applications. This market is also driven by factors including high crop yield, strict environmental regulations and improved end use industry base.
Wood vinegar is also known as pyro ligneous acid or liquid smoke. It is nontoxic and biodegradable in nature and is consider as an excellent choice for organic farming solutions. It is produced by carbonization of timber and various other plant constituents, which takes place when heated in closed airless container. Also, when bio oils produced at a mild temperature and high heating rate, it generates as a byproduct. Its major components are methanol, acetic acid and acetone. The product is being used as a commercial source for production of acetic acid, in turn increasing wood vinegar market demand.
It helps in stimulating plant growth, enriches soil fertility, enhance generation seed, lessen odor, prevent pests, rotting and weed production. Furthermore, it supports photosynthesis, improves resistance of crop damage and develops the content of chlorophyll in plant. It has a solid germicidal effect due to the presence of germicidal constituents including methanol and phenol with high acidity property. The product provides various health benefits including better digestion, protects liver disease, promotes oral health, reduces the effect of vomiting and diarrhea and maintains normal cholesterol level.
Major factor for high wood vinegar market demand arrives due to poverty alleviation as it can be produced at small as well as large scale in villages, using local feedstock. Its generation is helping to tackle poverty issues in various parts of developing and underdeveloped countries. Global wood vinegar market is in a budding form as few players are involved in large scale production of the product. Different governmental and private institutions in various countries are farming regulations for bio based oil production and promoting bio based byproducts, supporting the growth of biochar and biorefineries. In turn, it creates plentiful opportunities for wood vinegar market growth globally.
Based on pyrolysis method, wood vinegar market has been segmented into three major divisions including slow pyrolysis, intermediate and fast pyrolysis. Slow pyrolysis method is expected to hold largest market share owing to its superior properties including low temperature, long vapor resistance time and slow heating rate. Slow pyrolysis also offers better yields of wood vinegar, char and other products compared to intermediate and fast pyrolysis. However, the process generates low energy yield, is more time consuming and leads to pollution.
Agricultural segment is the largest growing application sector of wood vinegar market due to extensive use in pesticides and fertilizers for the prevention of insect attack on crops. By mixing with manure, it reduces odor and helps in productive composting techniques. It helps in growth of a wide range of enzymes and microbes acting as a catalyst and provides effective nutrient absorption and cell growth in crops. When used as a feed supplement with charcoal in poultry, it removes several bacteria, which causes gastric disease in poultry animals. It also improves the egg lying feature of hens.
Asia Pacific holds a major share in wood vinegar market growth due to rapid acceptance as important farming input material. It is produced locally as a substitute of synthetic chemicals with low production costs. Increasing adoption of organic based food is an additional growth factor for wood vinegar market in the region.
North America and Europe wood vinegar market are expected to grow at a relatively high growth rate due to extensive use of chemical fertilizers in various industries including agricultural and chemical processing. Latin America and Middle East & Africa wood vinegar market are projected to witness sluggish growth owing to severe political and economic turmoil in the region.
Global wood vinegar market is categorized by low competition owing to the presences of few large and small scale industry players. Some of the dominated players are Canada Renewable Bioenergy, TAGROW, ACE, Verdi Life, Byron Biochar, Doi & Co, New Life Agro and Penta Manufacturer. Other players include Taiko Pharmaceutical, Mizkan Group, Nettenergy, BIG CHAR and Fuqin Science & Technology.
Acquisition and joint ventures are the main strategies adopted by these players to guarantee their market growth. In 2012, Japan based Mizkan Group acquired the Sarsos’s and Dufrais wood vinegar businesses from British food manufacturer, Premier Foods to strengthen its production capacity targeting the north American vinegar market.
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