Global Wood Vinegar size is estimated to reach $6 Million by 2024 from $3.3 Million in 2016; growing at a CAGR of 7.6% from 2016 to 2024. By geography, Asia-Pacific and North America witnessed fastest CAGR of 7.9% and 7%, respectively, over the forecast period.

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Market Dynamics of Global Wood Vinegar Market

Major growth factors of the global wood vinegar market are severe rules related the use of crop protection chemicals, rising base of end-use industries, and cumulative consumption of organic foods products. Though, low awareness towards wood vinegar may hamper the market growth.

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Market Segmentation

Key segments of the global wood vinegar market are manufacturing process, application, and geography. Manufacturing process comprises slow pyrolysis, fast & intermediate pyrolysis, and other manufacturing processes. Application includes food, wood tar, animal husbandry, agriculture, waste water treatment, and other applications. North America, Europe, Asia-Pacific and Rest of the World (RoW) are the key regions covered under the report. U.S. and Canada are included under North America.

Slow Pyrolysis dominated the manufacturing process segment

Slow pyrolysis accounted the highest market share in 2016, driven by demand for diverse grades of wood vinegar for a multiple applications.

Agriculture application held the largest share in 2016

Agriculture sector dominated the application segment with highest market share throughout the forecast period 2016 – 2024, owing to their extensive applications in fertilizers, and pesticides.

Asia-Pacific occupied the largest market share in global wood vinegar market

In 2016, Asia-Pacific generated the largest revenue with market share of 74.4%, and it is anticipated to remain the highest from 2016 to 2024, owning to growing organic farming, and increasing consumer acceptance for wood-vinegar. Philippines and Australia are witnessing significant demand of wood vinegar due to increasing organic farming in these countries.

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Competitive Landscape

The key players operating in the market include Nakashima Trading Co. Ltd., Canada Renewable Bioenergy Corp., Nettenergy Bv, Tagrow Co., Ltd., Penta Manufacturer, New Life Agro, Byron Biochar, Doi & Co., Ltd., ACE Pte Ltd., and Verdi Life, among others.
Scope of the Global Wood Vinegar Market

Manufacturing Process Segments
• Fast & Intermediate Pyrolysis
• Slow Pyrolysis
• Other Manufacturing Processes

Application Segments
• Food
• Agriculture
• Waste Water Treatment
• Animal Husbandry
• Wood Tar
• Other Applications

Geographical Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia-Pacific
o India
o China
o Japan
o Australia
o Rest of Asia-Pacific

• RoW
o South America
o Middle East
o Africa

• Related Topics

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