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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Wood Vinegar Market Size
The global wood vinegar market size reached around USD 37.92 million in 2023. The market is estimated to grow at a CAGR of 6.5% during 2024-2032 to reach a value of USD 67.09 million by 2032.
Key Takeaways
- Commercial production of wood vinegar is carried out in countries such as China, Brazil, Indonesia, Malaysia, and Chile.
- In 2021, about 1,708 kilolitres of wood vinegar was produced in Japan.
- Wood vinegar for agriculture purposes is majorly developed in Japan, Australia, and United States.
Wood vinegar is known to have a bactericidal effect, and it can propagate microbes. Such benefits, coupled with its intrinsic properties, are boosting its usage to induce plant growth. In the agricultural sector, wood vinegar is widely used to reduce crop damage caused by diseases, stimulate plant rooting, regulate the nutrient condition of the soil, and optimise the microbiological population in the soil.
When added to the feed for cattle, wood vinegar helps improve their health, milk production capacity, meat quality, and fertility rate, allowing farmers to increase their profit. Furthermore, as wood vinegar is animal skin-friendly, it is used to effectively control the production of odour-causing bacteria on the animals, offering non-stimulating deodorisation and an environment that is healthy and fresh for livestock.
In 2021, organic farmland grew to a total of 76.4 million hectares on a global scale. The rising concerns regarding health and environmental safety are contributing to a greater demand for organic agriculture produce, further necessitating the use of organic products and natural alternatives to chemical pesticides and fertilisers like wood vinegar.
Wood Vinegar Market Report Snapshots
Wood Vinegar Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of USD 37.92 million in 2023.
The market is estimated to grow at a CAGR of 6.5% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 67.09 million by 2032.
The key trends guiding the growth of the market are growing importance of sustainable practices and expansion of the organic agriculture sector.
The key regional markets for wood vinegar are North America, Europe, the Asia Pacific, LAMEA.
The applications of wood vinegar include agriculture, animal feed, food, medicinal, and consumer products, and others.
The methods used include slow pyrolysis, intermediate pyrolysis, and fast pyrolysis.
The key players in the market include ACE (Singapore) Pte Ltd, Tagrow Co., Ltd., Sane Shell Carbon Private Limited, Nettenergy B.V., New Life Agro, and Applied Gaia Corporation, among others.
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