25-September-2018: According to Grand View Research, Inc., the worldwide wood vinegar market is predicted to achieve USD 6.6 million by 2025. Wood vinegar is naturally extracted from woods using several techniques such as slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. It comprises wide range of applications including animal feed, agriculture, food, medical, and consumer products, and others.
On October 25, 2017, Sarson’s, UK based vinegar company introduced a new vinegar called Extra Strong 1794. The product can be used in food and is made in big wooden vats that is made from pine and oak tree.
In January 2017, Pyrotech Energy Pty Ltd, an Australian based energy firm team up with Nettenergy BV, Dutch company to take an advantage of its Pyroflash Technology. The technology aids in converting waste biomass into biochemicals and liquid fuels. The technology can be used to produce products including wood vinegar, biochar, wood gas, and pyrolysis oil.
Recently, The Center for Science and Technology Information (CESTI), Vietnam declared the effective making of wood vinegar. The product was established by BIFFA, a fertilizer firm and Tropical Agricultural Research and Consultancy Center (TARCC). The product can be used in organic farming as a medical herb.
Tagrow Co., Ltd has developed a wood vinegar made up with sap extracted from specific trees. It can be mixed with pesticides and acidic fertilizers. The product can be utilized to increase crop resistance, increase the chlorophyll level of the plants, and preventing bacterial and fungal infection, and others.
Growing adoption of organic farming methods for better crop yields due to support from various governments, rising demand for nontoxic, and biodegradable pesticides, and natural animal feed can propel wood vinegar market over the forecast period (2014 to 2025).
Asia Pacific is one of the largest markets in terms of the revenue and expected to continue during the forecast period (2014 to 2025) due to rapid expansion of organic farming.
Some of the leading companies operating in the market include Nettenergy B.V., Wood Vinegar Australia, VerdiLife LLC, Applied Gaia Corporation, and Taiko Pharmaceutical Co.
In-Depth Research Report On Wood Vinegar Market:
https://www.grandviewresearch.com/industry-analysis/wood-vinegar-market
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