Check with seller Global Wood Vinegar Market Research Report Forecast 2027

Published date: March 8, 2021
  • Location: 808, Real Tech Park, 8th Floor, Sector, - 30A, Vashi, Navi Mumbai - 400703, India., India

Global Wood Vinegar Market was valued at 4.5 Billion US Dollar in 2019 and expected to grow with a CAGR 7% During forecasting years 2020-2027.Wood vinegar is also known as Pyroligneous acid. It is a dark liquid produced by destructive purification of wood and other plant material. The main components of Wood vinegar are methanol, acetone and acetic acid. Additionally, vinegar contains 80-90% water and about 200 organic compounds. Various types of biomasses are used to produce vinegar such as crops, agriculture residuals and woods.

It is a biodegradable which is used for organic farming and also it is a nontoxic material, so it could also be used in animal feeds and agriculture. Moreover, wood vinegar also strengthens the photosynthesis it develops the content of chlorophyll of the plants, and also improves the crop resistance. Increase in demand for wood vinegar in agricultural and animal feed application and stringent regulations regarding the usage of crop protection chemicals are key driven factor of wood vinegar market. For instance, as per the Indian government, food grain production in the country is registered 295.67 million tonnes (2019-2020) which is 10.46 million tonnes higher than the production in 2018-2019 because of organic pesticides (biopesticides) and cumulative rainfall. Despite that, Low Awareness About Wood Vinegar restrain the market growth during forecasting years.

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The regional analysis of the Wood Vinegar Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, Latin America, Middle east Africa dominating the Wood Vinegar Market globally owing to increasing demand of wood vinegar in agriculture. However, APAC is recording largest market share during the forecasting years due to the rapidly growing demand biofertilizer and biopesticides.

Key Players in Global Wood Vinegar Market
- Ace (Singapore) Pte Ltd
- Sane Shell Carbon
- Shandong Toroyal Group
- New Life Agro
- Applied Gaia Corporation

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