Wood Vinegar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Wood Vinegar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5926
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Market Overview:

The global wood vinegar market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Wood vinegar, also known as pyroligneous acid, is a dark liquid obtained through the destructive distillation of wood and other plant materials, which involves the combustion of fresh wood in an airless environment. It assists in improving the germination of seeds, speeding up the composting process, stimulating growth in vegetables, increasing the fertility of the soil, boosting plant resistance to diseases, enhancing the root system of plants, and preventing bacterial infections among crops. As a result, it finds extensive applications in agriculture, food and beverages (F&B), pharmaceuticals, personal care and cosmetics industries worldwide.

Wood Vinegar Market Trends:

The growing utilization of wood vinegar in adding a distinct flavor to processed food products, such as meat and seafood, currently represents one of the key factors driving the market. Moreover, the rising applications of acetic acid as acidulants, in confluence with the burgeoning food and beverage (F&B) industry, is catalyzing the demand for wood vinegar. In addition, key market players are relying on different wood variants for product differentiation. They are also financing promotional campaigns to generate brand awareness among the targeted audience. This, along with the introduction of effective and more efficient pyrolysis technologies to improve overall yield, is propelling the growth of the market. Besides this, there is a rise in the demand for organic food products among individuals around the world. This, coupled with the growing employment of wood vinegar as a fertilizer in the agriculture industry to improve the production of crops, is positively influencing the market. Apart from this, stringent regulations implemented by governments of several countries to reduce the use of pesticides and chemical fertilizers are offering lucrative growth opportunities to industry investors.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global wood vinegar market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on application and pyrolysis method.

Breakup by Application:

  • Agriculture
  • Animal Feed
  • Food, Medicinal and Consumer Products
  • Others

Breakup by Pyrolysis Method:

  • Slow Pyrolysis
  • Fast Pyrolysis
  • Intermediate Pyrolysis

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ace (Singapore) Pte Ltd, Applied Gaia Corporation, Byron Biochar, Doi & Co. Ltd., Nettenergy B.V., New Life Wood Vinegar, Sane Shell Carbon Private Limited, Tagrow Co. Ltd., Taiko Pharmaceutical Co. Ltd. and VerdiLife.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Application, Pyrolysis Method, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Ace (Singapore) Pte Ltd, Applied Gaia Corporation, Byron Biochar, Doi & Co. Ltd., Nettenergy B.V., New Life Wood Vinegar, Sane Shell Carbon Private Limited, Tagrow Co. Ltd., Taiko Pharmaceutical Co. Ltd. and VerdiLife
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global wood vinegar market was valued at US$ 4.6 Billion in 2022.

We expect the global wood vinegar market to exhibit a CAGR of 6.2% during 2023-2028.

The rising demand for wood vinegar across the agriculture sector to improve the germination of seeds, speed up the composting process, stimulate growth in vegetables, etc., is primarily driving the global wood vinegar market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of wood vinegar.

Based on the application, the global wood vinegar market has been segregated into agriculture, animal feed, food, medicinal and consumer products, and others. Among these, agriculture currently holds the largest market share.

Based on the pyrolysis method, the global wood vinegar market can be bifurcated into slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. Currently, slow pyrolysis exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global wood vinegar market include Ace (Singapore) Pte Ltd, Applied Gaia Corporation, Byron Biochar, Doi & Co. Ltd., Nettenergy B.V., New Life Wood Vinegar, Sane Shell Carbon Private Limited, Tagrow Co. Ltd., Taiko Pharmaceutical Co. Ltd., and VerdiLife.

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Wood Vinegar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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