Wood Vinegar Market Size, Share, Trends, Growth and Forecast 2028

Global Wood Vinegar Market Industry Prospective:

The Global Wood Vinegar Market was worth around USD 6.4 million in 2021 and is estimated to grow to about USD 9.5 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.9 percent over the forecast period. The report analyzes the private hospital market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the private hospital market.

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Wood Vinegar Market: Overview

The acid compound formed from wood and other plant materials is known as wood vinegar, also known as pyroligneous acid. Wood vinegar is produced using a disruptive distillation process in which the wood and plant material is heated at a high temperature with little oxygen present. The global wood vinegar market is expanding rapidly and is predicted to expand more throughout the forecast period, owing to rising consumer demand for organic pesticides. In addition, rising government attempts to employ bio-based commodities as a replacement for synthetic chemicals are expected to enhance market demand for wood vinegar. Processed food businesses are working on expanding existing manufacturing units and establishing new plants to increase the production of processed foods such as meat and seafood. As a result, demand for liquid smoke/wood vinegar, which is used to provide a distinct flavor to certain processed food products, is predicted to rise. Furthermore, greater usage of wood vinegar in a number of industries such as agriculture and food and beverages, low manufacturing costs compared to synthetic pesticides, and the growing organic food industry are projected to drive future demand for wood vinegar.

COVID-19 Impact:

The pandemic of COVID-19 has had an influence on both demand and manufacturing in supply regions. Since the first quarter of 2020, the outbreak of COVID-19 has severely impacted various businesses, greatly disrupting demand for wood vinegar. The COVID-19 dilemma has had a significant impact on the chemical sector supply chain. As a result, this had a significant impact on raw material procurement. Moreover, it had a considerable impact on a variety of small and medium-sized firms, significantly upsetting the demand for wood vinegar. It also had a severe influence on the chemical sector supply chain, causing raw material procurement to be delayed.

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Wood Vinegar Market: Driver

Increased Concentration on Organic Farming to Support the Growth of the Wood Vinegar Industry

The growing emphasis on organic farming around the world is driving the worldwide wood vinegar sector. The growing environmental concern and global demand for organic products are boosting the industry's growth. Additionally, organic farming provides an economic incentive to rural and small-scale farmers because sustainable agricultural practices can dramatically enhance production and profitability from available farm size and conditions. Furthermore, due to the economic benefits afforded to farmers, several governments around the world are spearheading the organic farming movement at the national, regional, and municipal levels. As a result, the adoption of organic farming is predicted to considerably contribute to the expansion of the wood vinegar business.

Wood Vinegar Market: Restraints

Some of the factors that may limit the growth of the wood vinegar market include the fact that wood vinegar is made from a variety of organic sources. However, there are a number of obstacles connected with getting and manufacturing wood vinegar from these similar natural sources, which may result in repeatable/dependable results, restricting its usage across a variety of industrial domains. Furthermore, a large portion of the wood required for charcoal manufacture originates from natural forests, resulting in forest harvesting. Charcoal manufacturing is a major cause of deforestation around the world. As the standard of living in developed and emerging countries develops, so does the demand for charcoal and its byproducts, such as wood vinegar, for energy production. As a result, governments have issued rules governing the manufacturing and sale of charcoal and its byproducts, reducing overall charcoal output and, as a result, the creation of wood vinegar.

Wood Vinegar Market: Segmentation

The market for wood vinegar is categorized into pyrolysis methods and applications.

By pyrolysis method, the market is classified into slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. During the forecast period, the slow pyrolysis method held the biggest market share. Slow pyrolysis yields a critical amount of wood vinegar, an aqueous composition containing organic acids. Slow pyrolysis differs from fast pyrolysis in that it has a slower heating rate, a longer vapor residence time, and a lower temperature. Slow pyrolysis produces more char, wood vinegar, and other products than fast and intermediate pyrolysis. However, the process has a lower energy output, takes longer, and produces more pollutants.

By application, the market is classified into agriculture, animal feed, food, medicinal, consumer products, and others (including industrial sources for the production of acetic acid, tar & creosote production, and wastewater treatment). During the projection period, agriculture held the greatest share of this market. It has multifunctional properties and is used as a pesticide and fertilizer. It also aids in the control of damaging insects on crops. It decreases odor and aids in composting when combined with manure. Wood vinegar promotes cell growth while also acting as a catalyst for the creation of a variety of enzymes and microorganisms that aid in nutrient absorption, photosynthesis, and cell growth. When charcoal and wood vinegar are used as chicken feed additions, microorganisms such as salmonella, which causes gastrointestinal disorders in poultry animals, are eliminated. It also aids in the improvement of hen egg-laying properties.

Report Scope:

Wood Vinegar Market: Regional Landscape

North America would dominate the global market in terms of revenue over the projected period, owing to rising acceptance of convenient and processed foods, increased consumer awareness of food safety, and rising demand for bio-based agricultural fertilizers in various nations in these areas. A noteworthy observation is that customers in Western regions such as North America favor smoked food products, which will drive the market in the region

The Asia Pacific market is expected to grow significantly, owing to increased use of organic fertilizer, high output of organic products, and the presence of local players operating in this market in several countries, particularly Australia, India, and China. Wood vinegar has cleared the path for Asian countries like India, where the agriculture industry accounts for a significant portion of the country's GDP, to increase crop yielding capacity while retaining quality. Furthermore, the region's growing preference for organic food products has resulted in an increase in the number of farmers adopting organic farming practices, which is boosting the market for biopesticides and bio-based fertilisers, such as wood vinegar, in the agricultural sector. As a result of these factors, there has been an increase in the number of wood vinegar makers throughout the region to fulfill the expanding demand for various industries, particularly food and beverage, agricultural, feed supplements, culinary items, cosmetics, and others.

Wood Vinegar Market: Competitive Landscape

Some of the main competitors dominating the Wood Vinegar Market include -

• ACE (Singapore) Pte Ltd.
• Canada Renewable Bioenergy Corp.
• Nettenergy BV (Netherlands)
• TAGROW CO.(China)
• Byron Biochar (Australia)
• New Life Agro (U.S.)
• Verdi Life (U.S.)
• Nakashima Trading Co. Ltd. (Japan)
• Penta Manufacturer (U.S.)
• Doi & Co.Ltd (Japan).

Wood Vinegar Market is segmented as follows:

By Pyrolysis Method

• Slow pyrolysis
• Fast pyrolysis
• Intermediate pyrolysis

By Application

• Animal feed
• Food, medicinal, and consumer products
• Others (including industrial sources for production of acetic acid, tar & creosote production, and wastewater treatment)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa