Application in agricultural sector augments the Global Wood Vinegar MarketPosted by shanigaram karthik on March 9th, 2020 Market Overview: The world market for wood vinegar has a value of US$ 6 million in 2020 and is expected to grow at 7.1% to reach US$ 8.45 million in 2025. The world wood vinegar market is developing extremely fast. Wood vinegar is a natural substance that is made of wood and is also known as pyrogenic acid or liquid smoke. It is a biodegradable and non-toxic material used in animal nutrition and agriculture and is considered a good option for organic farming. Wood vinegar stimulates the growth of plants and fruits, reduces odor, improves soil fertility, prevents pests, weeds, and roots from decomposition and promotes seed germination. Market Drivers and Restraints: The key drivers for wood vinegar are the improvement of crop yields, a growing government initiative for biologically based products, an increasing number of end-user industries, and strict environmental regulations, etc. The expanding use of wood vinegar also leads to agricultural applications such as increased resistance to disease in plants, improved seed germination, soil accumulation, and rooting stimulation. On the other hand, the fewer number of key players in the production and strict guidelines restrict this industry Report segmented as By Pyrolysis Method:
By Application:
Geographical Analysis: Geographically, the Wood Vinegar market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East Asia. Asia Pacific is estimated to establish the largest portion in this market because of the customer acceptance for wood vinegar as a vital contributor to the farming sector. Important Market Players: Canada Renewable Bioenergy Corp., Nettenergy BV (Netherlands), ACE (Singapore) Pte Ltd, TAGROW CO., LTD. (China), and Byron Biochar (Australia). are the leaders in the global Wood Vinegar market. View a sample and decide @ https://www.marketdataforecast.com/market-reports/wood-vinegar-market/request-sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for a better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |