Wood Vinegar market is projected to grow at a CAGR of 7.80% to reach US$7.175 million by 2023, from US$4.573 million in 2017. Rising demand for chemical-free pesticides and other agrochemicals to enhance the soil fertility is one of the major drivers of wood vinegar market. Increasing use of energy from biomass is another factor that is boosting the growth of wood vinegar market. This is because pyroligneous acid is a bi-product formed during the pyrolysis method of biomass which, in turn, has increased its commercial sale across different industries such as cosmetics, agriculture, and pharmaceuticals, thus positively impacting the growth of wood vinegar market. Growing shift towards organic farming will continue to bolster the growth of wood vinegar market during the forecast period. However, low awareness regarding the use of wood vinegar for different applications in developing economies is restraining the growth of wood vinegar market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Wood Vinegar value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Wood Vinegar market.
Major industry players profiled as part of the report are VERDILIFE, LLC, Wood Vinegar Australia, Nettenergy BV, TAGROW CO., LTD, and Ace (Singapore) Pte Ltd among others.
Wood Vinegar market has been analyzed through following segments:
Middle East and Africa