Wood Vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, and Intermediate Pyrolysis), Application (Agriculture, Animal Feed, Food, Medicinal, and Consumer Products), and Region - Global Forecast to 2022
The wood vinegar market, in terms of value, is projected to reach around USD 6.7 Million by 2022, at a CAGR of 7.2% from 2016 to 2022. The global market has grown steadily in the recent years. It has a significant impact on agriculture as a bio-based agricultural input, in terms of increasing the yield, quality, and nutrition-level of the produced crops, and this has led to its high demand across the world. This is due to the need for food products that are required to be safe for consumption as busy lifestyles of people, especially in the developed regions, opt for convenience food products.
However, health conscious people nowadays are demanding for organic food products which are produced using organic agricultural practices and organic agricultural inputs and this has led to the increase in use of biopesticides and bio-based fertilizers, such as wood vinegar in agriculture. The wood vinegar market, by region, has been segmented into North America, Europe, Asia-Pacific, and RoW.
The years considered for the study are as follows:
- Base year 2015
- Estimated year 2016
- Projected year 2022
- Forecast period 2016 to 2022
The objectives of the study includes:
- To understand and analyze the market segmentation, such as type, function, and application
- To understand the structure of the wood vinegar market by identifying its various subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically profile key players and comprehensively analyze their core competencies
This report includes estimation of market sizes for value (USD thousand) and volume (cubic meter). Both top-down and bottom-up approaches have been used to estimate and validate the size of the wood vinegar market and various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in their respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.
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The key players of the market include ACE (Singapore) Pte Ltd, Canada Renewable Bioenergy Corp., Nettenergy BV (Netherlands), TAGROW CO., LTD. (China), and Byron Biochar (Australia). These players collectively accounted for a major share of the wood vinegar market. Expansions, joint ventures, and collaborations were the preferred growth strategies used by these players.
Target Audience:
- Suppliers
- R&D institutes
- Technology providers
- Agricultural biological manufacturers/suppliers
- Wood vinegar manufacturers/processors
- Intermediary suppliers
- Wholesalers
- Dealers
- Consumers
- End users
- Retailers
The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to six years for prioritizing efforts and investments.
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This research report categorizes the wood vinegar market based on pyrolysis method, application, and region.
Based on Pyrolysis Method, the market has been segmented as follows:
- Slow pyrolysis
- Fast pyrolysis
- Intermediate pyrolysis
Based on Application, the market has been segmented as follows:
- Agriculture
- Animal feed
- Food, medicinal, and consumer products
- Others (including industrial source for production of acetic acid, tar & creosote production, and waste water treatment)
Based on Region, the market has been segmented as follows:
- North America
- Europe
- Asia-Pacific
- RoW (Latin America, The Middle East, & Africa)
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to client-specific scientific needs.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players (up to five)\
The global wood vinegar market has grown steadily in the last few years. The market size is projected to reach USD 6.7 Million by 2022, at a CAGR of around 7.2% from 2016 to 2022. The growing demand for bio-based agricultural inputs is the major driving factor of this market.
The global market, based on pyrolysis method, has been segmented into slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. Slow pyrolysis method accounted for the largest market share in 2015. Slow pyrolysis process is mainly characterized by slow heating rate, long vapor residence time, and low temperature compared to fast pyrolysis. Slow pyrolysis offers better yields of char, wood vinegar, and other products compared to fast and intermediate pyrolysis. However, the process has comparatively low energy yield, is more time consuming, and leads to more pollution.
The wood vinegar market, based on application, has been segmented into agriculture, animal feed, food, medicinal, and consumer products, and others including industrial source for production of acetic acid, tar & creosote production, and waste water treatment. The agriculture segment accounted for the largest share of this market in 2015. It is used as a pesticide and fertilizer as has multifunctional benefits. It also helps in controlling the impact of harmful insects on crops. When mixed with manure, it reduces odor and helps in composting. Wood vinegar facilitates cell growth and also helps as a catalyst for the growth of a range of enzymes and microbes that are beneficial for nutrient absorption, photosynthesis, and cell growth. When charcoal and wood vinegar are used as feed supplements in poultry, it eliminates bacteria such as salmonella, which causes gastrointestinal diseases in poultry animals. It also helps in improving the egg-laying characteristics of hens.
The wood vinegar market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. The major drivers for the growth of the global market include the rapidly growing demand for biopesticides and biofertilizers. Low awareness about the application of wood vinegar is the factor restraining the market.
The global market is characterized by low competition due to the presence of a few of large- and small-scale firms. Expansions and joint ventures are the key strategies adopted by these players to ensure their growth in the market. The market is dominated by players such as ACE (Singapore) Pte Ltd., Canada Renewable Bioenergy Corp., Nettenergy BV (Netherlands), TAGROW CO., LTD. (China), and Byron Biochar (Australia). Other players include New Life Agro (U.S.), Verdi Life (U.S.), Nakashima Trading Co. Ltd. (Japan), Penta Manufacturer (U.S.), and Doi & Co., Ltd (Japan).
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Table of Contents
1 Introduction (Page No. - 11)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 14)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 26)
4.1 Opportunities in this Market
4.2 Key Wood Vinegar Markets, 2016
4.3 Wood Vinegar Market, by Pyrolysis Method, 2016 vs 2022
4.4 Asia-Pacific Market for Wood Vinegar, by Application
4.5 Market Share for Wood Vinegar, by Region and Application
4.6 Market, By Region, 20162022
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 Pyrolysis Method
5.3.2 Application
5.3.3 Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Improved Crop Yield
5.4.1.2 Stringent Regulations Regarding the Usage of Crop Protection Chemicals and Rising Consumption of Organic Food Products
5.4.2 Restraints
5.4.2.1 Low Awareness About Wood Vinegar, Globally
5.4.3 Opportunities
5.4.3.1 Growing Use of Wood Vinegar in Various Applications Across Industries
5.4.4 Challenges
5.4.4.1 Emission of Harmful Gases Through Conventional Kiln During the Production of Wood Vinegar
6 Wood Vinegar Market, By Pyrolysis Method (Page No. - 39)
6.1 Introduction
6.2 Slow Pyrolysis
6.3 Fast Pyrolysis
6.4 Intermediate Pyrolysis
7 Wood Vinegar Market, By Application (Page No. - 46)
7.1 Introduction
7.2 Agriculture
7.3 Animal Feed
7.4 Food, Medicinal, and Consumer Products
7.5 Others
8 Wood Vinegar Market, By Region (Page No. - 54)
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 Italy
8.3.4 U.K.
8.3.5 Rest of Europe
8.4 Asia-Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Indonesia
8.4.5 Rest of Asia-Pacific
8.5 Rest of the World (RoW)
8.5.1 Brazil
8.5.2 South Africa
8.5.3 Egypt
8.5.4 Others in RoW
9 Company Profiles (Page No. - 93)
9.1 ACE (Singapore) Pte Ltd
9.2 Canada Renewable Bioenergy Corp.
9.3 Nettenergy Bv
9.4 Tagrow Co., Ltd.
9.5 Byron Biochar
9.6 New Life Agro
9.7 Verdi Life
9.8 Nakashima Trading Co. Ltd.
9.9 Penta Manufacturer
9.10 Doi & Co., Ltd
10 Appendix (Page No. - 103)
10.1 Discussion Guide
10.2 Knowledge Store: Marketsandmarkets Subscription Portal
10.3 Introducing RT: Real-Time Market Intelligence
10.4 Available Customizations
10.5 Related Reports
10.6 Author Details
List of Tables (78 Tables)
Table 1 Wood Vinegar Market Size, By Pyrolysis Method, 20142022 (USD Thousand)
Table 2 Market Size, By Pyrolysis Method, 20142022 (Cubic Meter)
Table 3 Slow Pyrolysis Market Size, By Region, 20142022 (USD Thousand)
Table 4 Slow Pyrolysis Market Size, By Region, 20142022 (Cubic Meter)
Table 5 Fast Pyrolysis Market Size, By Region, 20142022 (USD Thousand)
Table 6 Fast Pyrolysis Market Size, By Region, 20142022 (Cubic Meter)
Table 7 Intermediate Pyrolysis Market Size, By Region, 20142022 (USD Thousand)
Table 8 Intermediate Pyrolysis Market Size, By Region, 20142022 (Cubic Meter)
Table 9 Wood Vinegar Market Size, By Application, 20142022 (USD Thousand)
Table 10 Market Size, By Application, 20142022 (Cubic Meter)
Table 11 Wood Vinegar in Agriculture Market Size, By Region, 20142022 (USD Thousand)
Table 12 Wood Vinegar in Agriculture Market Size, By Region, 20142022 (Cubic Meter)
Table 13 Wood Vinegar in Animal Feed Market Size, By Region, 20142022 (USD Thousand)
Table 14 Wood Vinegar in Animal Feed Market Size, By Region, 20142022 (Cubic Meter)
Table 15 Wood Vinegar in Food, Medicinal, and Consumer Products Market Size, By Region, 20142022 (USD Thousand)
Table 16 Wood Vinegar in Food, Medicinal, and Consumer Products Market Size, By Region, 20142022 (Cubic Meter)
Table 17 Wood Vinegar in Other Applications Market Size, By Region, 20142022 (USD Thousand)
Table 18 Wood Vinegar in Other Applications Market Size, By Region, 20142022 (Cubic Meter)
Table 19 Wood Vinegar Market Size, By Region, 20142022 (USD Thousand)
Table 20 Market Size, By Region, 20142022 (Cubic Meter)
Table 21 North America: Wood Vinegar Market Size, By Country, 20142022 (USD Thousand)
Table 22 North America: Market Size, By Country, 20142022 (Cubic Meter)
Table 23 North America: Market Size for Wood Vinegar, By Pyrolysis Method, 20142022 (USD Thousand)
Table 24 North America: Market Size, By Pyrolysis Method, 20142022 (Cubic Meter)
Table 25 North America: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 26 North America: Market Size, By Application, 20142022 (Cubic Meter)
Table 27 U.S.: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 28 U.S.: Market Size, By Application, 20142022 (Cubic Meter)
Table 29 Canada: Wood Vinegar Market Size, By Application, 20142022 (USD Thousand)
Table 30 Canada: Market Size, By Application, 20142022 (Cubic Meter)
Table 31 Mexico: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 32 Mexico: Market Size, By Application, 20142022 (Cubic Meter)
Table 33 Europe: Market Size for Wood Vinegar, By Country, 20142022 (USD Thousand)
Table 34 Europe: Market Size, By Country, 20142022 (Cubic Meter)
Table 35 Europe: Market Size for Wood Vinegar, By Pyrolysis Method, 20142022 (USD Thousand)
Table 36 Europe: Market Size, By Pyrolysis Method, 20142022 (Cubic Meter)
Table 37 Europe: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 38 Europe: Market Size, By Application, 20142022 (Cubic Meter)
Table 39 Germany: Wood Vinegar Market Size, By Application, 20142022 (USD Thousand)
Table 40 Germany: Market Size, By Application, 20142022 (Cubic Meter)
Table 41 France: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 42 France: Market Size, By Application, 20142022 (Cubic Meter)
Table 43 Italy: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 44 Italy: Market Size, By Application, 20142022 (Cubic Meter)
Table 45 U.K.: Market Size, By Application, 20142022 (USD Thousand)
Table 46 U.K.: Market Size, By Application, 20142022 (Cubic Meter)
Table 47 Rest of Europe: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 48 Rest of Europe: Market Size, By Application, 20142022 (Cubic Meter)
Table 49 Asia-Pacific: Wood Vinegar Market Size, By Country, 20142022 (USD Thousand)
Table 50 Asia-Pacific: Market Size, By Country, 20142022 (Cubic Meter)
Table 51 Asia-Pacific: Market Size for Wood Vinegar, By Pyrolysis Method, 20142022 (USD Thousand)
Table 52 Asia-Pacific: Market Size, By Pyrolysis Method, 20142022 (Cubic Meter)
Table 53 Asia-Pacific: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 54 Asia-Pacific: Market Size, By Application, 20142022 (Cubic Meter)
Table 55 China: Market Size, By Application, 20142022 (USD Thousand)
Table 56 China: Market Size, By Application, 20142022 (Cubic Meter)
Table 57 Japan: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 58 Japan: Market Size, By Application, 20142022 (Cubic Meter)
Table 59 India: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 60 India: Market Size, By Application, 20142022 (Cubic Meter)
Table 61 Indonesia: Wood Vinegar Market Size, By Application, 20142022 (USD Thousand)
Table 62 Indonesia: Market Size, By Application, 20142022 (Cubic Meter)
Table 63 Rest of Asia-Pacific: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 64 Rest of Asia-Pacific: Market Size, By Application, 20142022 (Cubic Meter)
Table 65 RoW: Market Size for Wood Vinegar, By Country, 20142022 (USD Thousand)
Table 66 RoW: Market Size, By Country, 20142022 (Cubic Meters)
Table 67 RoW: Market Size for Wood Vinegar, By Pyrolysis Method, 20142022 (USD Thousand)
Table 68 RoW: Market Size, By Pyrolysis Method, 20142022 (Cubic Meters)
Table 69 RoW: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 70 RoW: Market Size, By Application, 20142022 (Cubic Meters)
Table 71 Brazil: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 72 Brazil: Market Size, By Application, 20142022 (Cubic Meters)
Table 73 South Africa: Wood Vinegar Market Size, By Application, 20142022 (USD Thousand)
Table 74 South Africa: Market Size, By Application, 20142022 (Cubic Meters)
Table 75 Egypt: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 76 South Africa: Market Size for Wood Vinegar, By Application, 20142022 (Cubic Meters)
Table 77 Others in RoW: Market Size for Wood Vinegar, By Application, 20142022 (USD Thousand)
Table 78 Others in RoW: Market Size, By Application, 20142022 (Cubic Meters)
List of Figures (31 Figures)
Figure 1 Market Segmentation
Figure 2 Market, By Region
Figure 3 Wood Vinegar: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Wood Vinegar Market Snapshot (2016 vs 2022)
Figure 8 Market Size for Wood Vinegar, By Region, 20162022
Figure 9 Market Size for Wood Vinegar, By Pyrolysis Method, 20162022 (USD Thousand)
Figure 10 Market Share (Value), By Region, 2016
Figure 11 Growing Application of Wood Vinegar in Agricultural Applications is Likely to Drive this Market
Figure 12 The Wood Vinegar Market in Indonesia is Likely to Grow at the Highest CAGR During the Review Period
Figure 13 Slow Pyrolysis Wood Vinegar is Projected to Record High Growth Between 2016 & 2022
Figure 14 Agriculture to Account for the Largest Share in the Wood Vinegar Market in Asia-Pacific in Terms of Volume in 2016
Figure 15 Agriculture Segment is Expected to Dominate the Global Market Across the Regions in 2016
Figure 16 Asia-Pacific is Expected to Be the Largest Market for Wood Vinegar During the Forecast Period in Terms of Volume
Figure 17 Wood Vinegar Market Evolution
Figure 18 Market, By Pyrolysis Method
Figure 19 Market, By Application
Figure 20 Market, By Region
Figure 21 Demand for Agricultural Biological to Drive the Global Market Growth
Figure 22 Growth of Crop Protection Chemicals Market vs Biopesticides Market, 2014-2021 (USD Million)
Figure 23 Agriculture Segment to Dominate the Wood Vinegar Market Through 2022
Figure 24 Wood Vinegar in Agriculture Segment is Dominated By Asia-Pacific and the Trend is Likely to Continue Through 2022
Figure 25 Asia-Pacific to Lead the Wood Vinegar Market Between 2016 and 2022 (USD Thousand)
Figure 26 North America: Wood Vinegar Market
Figure 27 U.S. to See the Fastest Growth in the Wood Vinegar Market Between 2016 & 2022 (USD Thousand)
Figure 28 Germany & France are Projected to Drive the Market Growth for Wood Vinegar in Europe During the Forecast Period
Figure 29 Asia-Pacific Wood Vinegar Market: Snapshot
Figure 30 Market in China to Lead the Asia-Pacific Wood Vinegar Market Through 2022
Figure 31 Canada Renewable Bioenergy Corp.: Company Snapshot
Growth opportunities and latent adjacency in Wood Vinegar Market
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