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Global Wood Vinegar Market: By Pyrolysis Method: Slow Pyrolysis, Fast Pyrolysis, Intermediate Pyrolysis; By Application: Agriculture, Animal Feed, Food, Medicinal, and Consumer Products, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Wood Vinegar Market Outlook
The global wood vinegar market attained a value of around USD 4 million in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 7% to reach USD 6 million by 2026.
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The Agriculture Segment to Account for a Substantial Market Share of the Wood Vinegar Industry
The agriculture segment is projected to account for a substantial share of the global wood vinegar industry owing to the increased yield, quality, and nutrition level of crops because of wood vinegar. Furthermore, wood vinegar is an effective pesticide and fertiliser that enhances soil quality and helps in pest elimination. It is also frequently used to improve the quantity of fruits grown in orchards, which, in turn, is leading to an increased demand for wood vinegar in the agriculture industry. Additionally, wood vinegar promotes cell growth in crops by stimulating the growth of various enzymes and microorganisms that help in nutrient absorption and assist plants in developing stronger roots. It can also increase the overall efficacy of agricultural chemicals when mixed with them. These factors are projected to significantly contribute to the wood vinegar industry growth.
The Asia Pacific to Provide Significant Growth Opportunities to The Wood Vinegar Industry
Geographically, the Asia Pacific accounts for a significant share in the wood vinegar industry owing to the long tradition of the use of slow pyrolysis techniques by countries like Japan, Malaysia, and China and the presence of prominent players within the region. Furthermore, the Asia Pacific is expected to witness a robust growth in the forecast period due to the utilisation of organic fertilisers instead of synthetic chemicals by small-scale farmers, government support, and shifting dietary trends.
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Wood Vinegar: Market Segmentation
Wood vinegar, also known as liquid smoke or pyroligneous acid, is a dark liquid produced naturally during the act of carbonisation, which occurs when a biomass is heated in an airless container during the production of charcoal. The exhaust smoke from the production of charcoal condenses into liquid, and this condensate then further separates into tar, vinegar, and bio-oil. Furthermore, there are over 200 constituents in wood vinegar, including acetic acid, methanol, phenol, ester, acetals, ketone, and formic acid, among many others. Instead of a particular constituent's specific effectiveness, many constituents operate synergistically in the case of wood vinegar. Thus, they serve as an efficient alternative to synthetic chemicals, offering improved reliability and environmental benefits.
By pyrolysis method, the market is divided into:
- Slow Pyrolysis
- Fast Pyrolysis
- Intermediate Pyrolysis
Based on application, the industry can be segmented into:
- Agriculture
- Animal Feed
- Food, Medicinal, and Consumer Products
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increasing Focus on Organic Farming to Bolster the Growth of the Wood Vinegar Industry
The global wood vinegar industry is being driven by the increasing focus on organic farming across the globe. The rising environmental concern and the increasing global demand for organic products are supporting the growth of the industry. Additionally, organic farming provides economic motive to rural and small-scale farmers because sustainable agricultural practices can significantly increase the yield and revenue from their available farm size and conditions. Furthermore, many governments around the world are pioneering the organic farming movement at the national, regional, and local levels because of the economic benefits offered to farmers. Hence, the adoption of organic farming is expected to significantly contribute to the wood vinegar industry growth.
The COVID-19 pandemic has had an impact on both demand and manufacturing in supply regions. Furthermore, it severely impacted various small to medium-sized businesses, significantly disrupting demand for wood vinegar. It also had a significant impact on the chemical sector supply chain, thus, slowing down raw material procurement.
Key Industry Players in the Global Wood Vinegar Market
The report gives a detailed analysis of the following key players in the global wood vinegar market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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- Ace (Singapore) Pte Ltd
- Tagrow Co., Ltd.
- Sane Shell Carbon
- Shandong Toroyal Group
- New Life Agro
- Applied Gaia Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Pyrolysis Method, Application, Region |
| Breakup by Pyrolysis Method | Slow Pyrolysis, Fast Pyrolysis, Intermediate Pyrolysis |
| Breakup by Application | Agriculture, Animal Feed, Food, Medicinal, and Consumer Products, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Ace (Singapore) Pte Ltd, Tagrow Co., Ltd., Sane Shell Carbon, Shandong Toroyal Group, New Life Agro, Applied Gaia Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wood Vinegar Market Analysis
8.1 Key Industry Highlights
8.2 Global Wood Vinegar Historical Market (2018-2022)
8.3 Global Wood Vinegar Market Forecast (2023-2028)
8.4 Global Wood Vinegar Market by Pyrolysis Method
8.4.1 Slow Pyrolysis
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Fast Pyrolysis
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Intermediate Pyrolysis
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Wood Vinegar Market by Application
8.5.1 Agriculture
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Animal Feed
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Food, Medicinal, and Consumer Products
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Wood Vinegar Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Wood Vinegar Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Wood Vinegar Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Wood Vinegar Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Wood Vinegar Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Wood Vinegar Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Ace (Singapore) Pte Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Tagrow Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sane Shell Carbon
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Shandong Toroyal Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 New Life Agro
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Applied Gaia Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wood Vinegar Market: Key Industry Highlights, 2018 and 2028
2. Global Wood Vinegar Historical Market: Breakup by Pyrolysis Method (USD Million), 2018-2022
3. Global Wood Vinegar Market Forecast: Breakup by Pyrolysis Method (USD Million), 2023-2028
4. Global Wood Vinegar Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Wood Vinegar Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Wood Vinegar Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Wood Vinegar Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Wood Vinegar Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Wood Vinegar Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Wood Vinegar Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Wood Vinegar Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Wood Vinegar Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Wood Vinegar Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Wood Vinegar Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Wood Vinegar Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Wood Vinegar Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Wood Vinegar Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Wood Vinegar Market Structure
Key Questions Answered in the Report
In 2020, the global wood vinegar market attained a value of nearly USD 4 million.
The market is projected to grow at a CAGR of 7% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 6 million by 2026.
The major drivers of the industry, such as the increased yield, enhanced quality and nutrition levels of crops, effective pest elimination, nutrient absorption, synergy with agricultural chemicals, government support, and shifting dietary trends, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing focus and adoption of organic farming all over the world.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Slow pyrolysis, fast pyrolysis, and intermediate pyrolysis are the different pyrolysis methods considered within the market report.
The major applications of wood vinegar include agriculture, animal feed, and food, medicinal and consumer products, among others.
The major players in the industry are Ace (Singapore) Pte Ltd, Tagrow Co., Ltd., Sane Shell Carbon, Shandong Toroyal Group, New Life Agro, Applied Gaia Corporation, and others.
Analyst Review
The global wood vinegar market attained a value of nearly USD 4 million, driven by the thriving agriculture industry and the favourable government initiatives. Aided by the increasing focus and adoption of organic farming all over the world, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7%. The market is projected to reach USD 6 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By pyrolysis method, the global wood vinegar industry is divided into to slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. Based on application, the industry can be segmented into agriculture, animal feed, and food, medicinal and consumer products, and others. The major regional markets for wood vinegar are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ace (Singapore) Pte Ltd, Tagrow Co., Ltd., Sane Shell Carbon, Shandong Toroyal Group, New Life Agro, and Applied Gaia Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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