San Francisco, California, June 05, 2017 : With escalating population, the demand for food is touching new peaks each year, which in turn is augmenting the demand to increase crop yield via various processes. This is the primary factor driving the global wood vinegar market, according to a study by TMR Research. The report, titled “Wood Vinegar Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” presents the current scenario of the market and based on in-depth assessment of all the driving and restraining factors that may influence the demand in the near future, it estimates the state of the market until 2025.
The report targets audiences such as suppliers of wood vinegar, research and development institutes, agricultural biological manufacturers, wood vinegar manufacturers, intermediary suppliers, wholesales, dealers, consumers, end-users, and retailers. A number of key companies operating in the global wood vinegar market have also been profiled in the report in order to understand the competitive landscape and the opportunities available for new entrants.
As per the findings of the report, wood vinegar has significant influence on the agriculture sector, finding application as bio-based input in order to increment the yield, nutrition-level, and quality of the crops. Changing lifestyle in the developed as well as emerging economies, which has considerably increased the demand for convenience food products, is another factor favoring the global wood vinegar market. Moreover, increasing demand for organic food, which are produced using biopesticides and bio-based fertilizers, is another factor augmenting the demand in the global wood vinegar market.
Based on pyrolysis method, the global wood vinegar market can be segmented into slow pyrolysis, intermediate pyrolysis, and fast pyrolysis. Application-wise, the market can be segmented into animal feed, agriculture, food products, pharmaceuticals, consumer products, and others including waste water treatment and industrial source for the production of tar, acetic acid, and creosote. Geographically, the report analyzes the potential of several important regions such as Asia Pacific, North America, Europe, and the Middle East and Africa. In the near future, Asia Pacific is expected to turn into a highly lucrative regional market, owing to growing acceptance of wood vinegar as natural farming input. The adoption of wood vinegar is also incrementing due to the requirement to minimize environmental risks.
Canada Renewable Bioenergy Corp., ACE Pte Ltd, TAGROW CO., LTD., Byron Biochar, and Nettenergy BV are some of the leading companies currently operating in the global wood vinegar market. During the forecast period, several expansions, collaborations, and joint ventures are expected to be announced, which will rearrange the competitive landscape of the wood vinegar market.