Market Research Report
Wood Vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, & Intermediate Pyrolysis) & Application (Agriculture, Animal Feed, Food, Medicinal & Consumer Products, & Others): Global Opportunity Analysis & Industry Forecast, 2020-2027
|Published by||Allied Market Research||Product code||992201|
|Published||Content info||169 Pages
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|Wood Vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, & Intermediate Pyrolysis) & Application (Agriculture, Animal Feed, Food, Medicinal & Consumer Products, & Others): Global Opportunity Analysis & Industry Forecast, 2020-2027|
|Published: January 20, 2021||Content info: 169 Pages||
Wood Vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, and Intermediate Pyrolysis) and Application (Agriculture, Animal Feed, Food, Medicinal & Consumer Products, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027.
The global wood vinegar market was valued at $4.5 million in 2019, and is projected to reach $6.4 million by 2027, growing at a CAGR of 7.0% from 2020 to 2027.
Wood vinegar is prepared from destructive distillation of wood and other biomass materials. Its main ingredients are methanol, acetone, and acetic acid. It is used in numerous applications such as weed grow inhibitor, repellent, pesticide, fertilizer, sterilizing agent, food additive, and others.
Some of the factors that contribute toward the growth of the market are high adoption in agricultural application as it offers advantages such as enhanced crop yield, development of stronger roots for the crops or plants, safety from the harmful insects and specific plant diseases, and others. In addition, rise in trend of organic farming in the world may increase the demand for wood vinegar. However, lack of awareness regarding wood vinegar among the consumers is one of the major factors expected to hinder the market growth. On the contrary, the rise in concerns regarding the synthetic pesticides and fertilizers is expected to offer lucrative opportunities to the wood vinegar manufacturers in the coming years.
The global wood vinegar market is segmented on the basis of pyrolysis method, application, and region. The pyrolysis method segment is categorized into slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. On the basis of application, the market is divided into agriculture, animal feed, food, medicinal and consumer products, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2020 to 2030 determine the prevailing opportunities
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
The market size is provided in terms of volume and revenue
Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
Profiles of leading players operating in the market are provided to understand the competitive scenario
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth
KEY MARKET SEGMENTS
By Pyrolysis Method