Wood Vinegar Market To Reach $7,395.2 Million By 2030

Wood Vinegar Market Growth & Trends

The global wood vinegar market size is expected to reach USD 7,395.2 million in 2030 and is projected to grow at a CAGR of 5.2% from 2024 to 2030. Increasing support from various governments for adoption of organic farming methods by small-farm holders for improved crop yield is the key factor driving the market growth. In addition, rapid expansion of organic farming in Asia Pacific is expected to boost the market demand further.

Wood vinegar, a natural extract from woods, makes it a better choice in agriculture pesticides category, as compared to animal feed and natural pesticides. The market is mainly driven by its varied uses in agriculture and animal husbandry industry, as it is accepted as a nutrient supplement by farmers and livestock producers, who seek to improve their crop yield by using bio pesticides.

In terms of revenue, agriculture segment accounted as the major application industry in 2016 and is estimated to continue its dominance with a share of 42.6% by 2025, as it is preferred as an organic pesticide and soil fertility enhancer. Globally, various governments and institutions are promoting the use of bio-degradable and non-toxic chemicals in farming. Such initiatives are boosting the growth of its applications in agriculture sector.

The demand for wood vinegar market is expected to surge owing to its increased acceptance from consumers globally. Abundant resources of wood biomass in Asia Pacific region are helping the farmers to produce wood vinegar domestically. In addition, it adds economic value to those farmers who cannot afford premium synthetic chemicals.

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Wood Vinegar Market Report Highlights

• Intermediate pyrolysis is anticipated to witness the fastest CAGR of 5.9% over the forecast period. This process produces a mixture of wood vinegar, biochar, and pyrolysis oil. The growing interest in biochar as a soil amendment and carbon sequestration agent has increased the demand for intermediate pyrolysis.

• Agriculture accounted for the largest market revenue share of 42.8% in 2023 due to its natural pest control, soil conditioning, and plant growth-promoting properties. Increase in organic arable land in Asia Pacific and South & Central America region is expected to boost the growth over the years ahead.

• The U.S. wood vinegar market held substantial market share in 2023. The country's diverse agricultural landscape, coupled with a growing emphasis on organic and sustainable farming practices, has fuelled demand for wood vinegar.

Wood Vinegar Market Segmentation

Grand View Research has segmented the global wood vinegar market on the basis of Application, Method Type and Region:

Wood Vinegar Process Outlook (Revenue, USD Million, 2018 - 2030)

• Slow Pyrolysis

• Fast Pyrolysis

• Intermediate Pyrolysis

Wood Vinegar Application Outlook (Revenue, USD Million, 2018 - 2030)

• Agriculture

• Animal Feed

• Food, Medicinal, and Consumer Products

• Others

Wood Vinegar Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Central & South America

  • Brazil

• Middle East and Africa (MEA)

List of Key Players in Wood Vinegar Market

• Ace (Singapore) Pte Ltd

• TAGROW CO., LTD.

• New Life Wood Vinegar

• VerdiLife Inc.

• Taiko Pharmaceutical Co., Ltd.

• Nettenergy BV

• Sort Of Coal

• Applied Gaia Corporation

• Dongying Runyi Biological Technology Co, Ltd

• Wood Vinegar Australia