As per analysis by Transparency Market Research (TMR) the global wood vinegar market has a slightly consolidative vendor landscape. Key players such as Dongying Runyi Biotechnology Co. Ltd., Canada Renewable Bioenergy Corp., Merck KGaA (Sigma Aldrich), Kerry Group PLC, and Frutarom Industries Ltd. are operating in the global wood vinegar market. Experienced companies are focusing on facilitating partnerships with several players to widen their global presence.
According to the report by Transparency Market Research, the wood vinegar market is projected to reach a value of US$ 1,896.8 mn by 2025 end from the value US$1,295.4 mn in 2017. The market is likely to expand with a stellar CAGR of 4.9% over the forecast period from 2017 and 2025.
By end use, the agriculture segment is expected to be the most lucrative segment in the global market and is expected to remain over the forecast period. however, the food and beverage segment accounted for the 60.1% of the share in 2017 and is expected to be the dominant segment over the forecast period. On the basis of production method, slow pyrolysis segment is projected to be account for a 48.2% share in the overall market by the end of 2025. On the basis of region, Asia Pacific and Europe are dominating over the forecast period followed by North America. This growth is attributable to the rapidly increasing population coupled with growing westernization across developing countries in the Asia Pacific.
Growing Demand for Variety of Wood Vinegar Products to Propel Growth
Wood vinegar is a result of charcoal creation, and is delivered from the ruinous refining of wood. Wood vinegar has a few applications where it tends to be utilized as a characteristic plant-determined pesticide, herbicide, plant development advertiser, contagious development enhancer, and in a few different applications. Biomass-based items are winding up gigantically appealing, and the presentation of powerful and increasingly proficient pyrolysis advancements has improved generally speaking yield, bringing about significant creation age. Besides, the developing buyer interest for natural nourishment items is convincing makers to acquire all 'normal' and 'natural' items to the marketplace.
Organizations in the market are concentrating on new item dispatches, and brining items in the marketplace that are common and in the meantime entirely reasonable. Wood vinegar is acquired from charcoal, and is broadly utilized in the agribusiness business so as to improve the general generation of yields. Wood vinegar goes about as a manure, where it improves soil fruitfulness, permits better take-up, and decrease of up to half of composts, herbicides, and pesticides.
Growing Environmental Concern during Production of Wood Vinegar to Restrain Growth
A portion of the limitations that are conceivably confining the development of the wood vinegar market is that wood vinegar is delivered from a few natural sources. Notwithstanding, there are different difficulties related with the sourcing and assembling of wood vinegar from these comparative common sources, which may prompt repeatable/reliable outcomes, hence constraining their utilization over a few mechanical areas. Moreover, a significant part of the wood required for charcoal generation originates from characteristic timberlands, prompting woodland gathering. Charcoal creation is one of the real purposes behind deforestation over the globe. As the way of life crosswise over created and creating nations rises, the interest for charcoal and its results, including wood vinegar for vitality generation, additionally increments. This has pushed governments to discharge guidelines on the creation and dissemination of charcoal and its subsidiaries, in this manner constraining by and large charcoal generation, subsequently the creation of wood vinegar.
This information is encompassed in the report by TMR, titled, “Wood Vinegar Market (End-use - Agriculture, Food & Beverages, Animal Feed, Pharmaceuticals, Personal Care & Cosmetics; Production Method - Rapid Pyrolysis, Intermediate Pyrolysis, Slow Pyrolysis) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”
For the study, the wood vinegar market has been segmented as follows:
By End Use
- Agriculture Industry
- Food and Beverages Industry
- Canned Food
- Dairy Products
- Animal Feed Industry
- Pharmaceutical Industry
- Personal Care and Cosmetic Industry
- Rapid Pyrolysis
- Intermediate Pyrolysis
- Slow Pyrolysis
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
90 State Street, Suite 700
Albany, NY 12207
USA - Saudi Arabia Toll Free: 866-552-3453