According to the analysis of Reports and Data, Wood Vinegar for Agriculture Market is estimated to be valued at USD 4,493.2 Million in 2020 and is projected to reach USD 8,039.7 Million by 2028, at a CAGR of 7.4% from 2020 to 2028. Wood Vinegar is a derivative of charcoal. It is collected by carbonization, by heating biomass in a closed container. The smoke produced from the production of charcoal is cooled into a liquid and is further segmented into tar, wood vinegar, and bio-oil. Wood vinegar has around 80%–90% water and more than 200 organic compounds, including phenol, esters, acetic acid, ketones, methanol, and formic acid.

Technological improvements are the fundamental trend being observed in the Wood Vinegar for Agriculture Market. With the rapid improvements in technology, advanced and better pyrolysis kiln methods have been developed for the generation of char, wood vinegar, or biochar. The advanced and better pyrolysis techniques help to increase the effectiveness of the production process of wood vinegar and also decrease the total cost of production. 

Top Companies Operating in the Global Wood Vinegar for Agriculture Market Report:

ACE (Singapore) Pte Ltd, Canada Renewable Bioenergy Corp., Nettenergy BV (Netherlands), TAGROW CO., LTD. (China), and Byron Biochar (Australia).

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Further key findings from the Wood Vinegar for Agriculture Market report suggest

• Based on the application, the Wood Vinegar for Agriculture Market is categorized into food, agriculture, wastewater treatment, animal husbandry, wood tar, and others. Among these, agriculture held the largest share in the market during the 2013–2015 period. Due to the heavy utilization of fertilizers and pesticides for the prevention of insect attacks on crops, the demand for wood vinegar in the agriculture application is growing across the globe.
• Based on the manufacturing process, the Wood Vinegar for Agriculture Market is segmented into slow pyrolysis, fast and intermediate pyrolysis, and others. Among these, slow pyrolysis is expected to hold the largest share in the market during the forecast period due to the more prolonged vapor resistance time and slow heating degree offered by this manufacturing process. Further, slow pyrolysis provides a better yield of char, wood vinegar, and other products as compared to the standard and pyrolysis techniques. On account of this, the need for wood vinegar produced through slow pyrolysis is expected to rise in the forecast period.
• As a fertilizer, Wood Vinegar is able to improve absorption through the roots of your plants, stimulate plant and vegetable growth; it also promotes healthy and balanced growth, enrich soil fertility, acts as a pest repellent, and improves the color, firmness, and flavor of the fruit. Due to such wide-ranging benefits offered by the wood vinegar or pyroligneous acid, in May 2018, Nettenergy signed a license agreement with Shirke Energy for its PyroFlash technology. The PyroFlash technology is the world’s first commercially available 2nd generation Flash Pyrolysis technology that yields several products simultaneously from biomass. With this license agreement, Shirke Energy has obtained the right to produce PyroFlash installations in India. Moreover, a pyrolysis oil upgrading installation has been constructed by Shirke Energy. It permits the removal of all the water from the wet or dry pyrolysis oil. This leads to high viscous oil, solid at room temperature. The removed water fraction is high in the concentration of light organic substances such as acetic acid, acetol.

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For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.

An analysis of the Wood Vinegar for Agriculture Market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Wood Vinegar for Agriculture Market, a country-by-country analysis of the market is provided in the report.

The global Wood Vinegar for Agriculture Market is segmented into:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Based on Pyrolysis Method, the Wood Vinegar for Agriculture Market has been segmented as follows: (Revenue, USD Million; 2020-2028)

• Slow pyrolysis
• Fast pyrolysis
• Intermediate pyrolysis

Based on Application, the Wood Vinegar for Agriculture Market has been segmented as follows: (Revenue, USD Million; 2020-2028)

• Agriculture
• Animal feed
• Food, medicinal, and consumer products
• Others (including industrial source for production of acetic acid, tar creosote production, and waste water treatment)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market? What kind of strategic business plans have they made?

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