Pyroligneous Acid Market Size, Share, Growth, and Industry Growth by Type (Agriculture, Food Processing, Healthcare, and Others) By Application (Agriculture, Food Processing, Healthcare, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Pyroligneous Acid Market REPORT OVERVIEW

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The global pyroligneous acid market size was USD 64220 million in 2021 and is projected to touch of USD 84498.17 million by 2031, exhibiting a CAGR of 2.8% during the forecast period.

Pyroligneous acid is a by-product of charcoal fabrication. Pyrolysis produces in charcoal fabrication from dry beech wood are charcoal, gas, pyroligneous acid and tar and water. The key factor of pyroligneous acid is water. 

Pyroligneous acid is a dark fluid formed by the vicious purification of wood and other plant ingredients. It is also called wood vinegar or wood acid. Pyroligneous acid is useful for farming and has been used as a fertilizer, insecticide, soil enhancer, and cause of smoke flavoring for food and animal feed supplements. Pyroligneous acid has tough antiseptic capabilities due to the existence of organic acids and phenolic composites. The main constituents of pyroligneous acid are 10% acetic acid, methanol, and acetone. It was once used as a commercial source for acetic acid.

The demand for chemical-free pesticides that improve the soil productiveness and natural animal feedstuff that are unaffected by pollution is growing globally. It is created over supportable methods and can be used as an organic pesticide and animal fodder. It is verified to be an attractive substitute for artificial chemicals.

COVID-19 Impact: Halt on Production and Supply Chain Disruption to Impede Sales

The outbreak of COVID-19 is already being felt globally, and the global pyroligneous acid market is considerably influenced. In 2020, COVID-19 had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses witnessed disruptions. With many restrictions in the pandemic, the pyroligneous acid market was also negatively impacted. With the chemical industry being considerably impacted, manufacturers reduced their capital and operational costs. Manufacturing operations were reduced due to labor shortages and disruptions in supply chains for raw materials which led to a gap in supply and demand.

LATEST TRENDS

"Increasing Demand for Wood Vinegar to Propel Market Demand"

The increase in demand for chemical-free pesticides to develop soil fertility, the increasing requirement for organic food, bio-based farming efforts, and varied usage in animal feed and medical uses are the major factors driving the pyroligneous acid market. There is a rise in demand for wood vinegar as it benefits developing plant progress, upholds soil fertility, improves generation seed, decreases odor, avoids pests, decomposing and weed production. Poverty alleviation is a significant factor driving the market as wood vinegar can be created at small and large scale in villages, using local feedstock.

Pyroligneous Acid Market SEGMENTATION

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• By Type

According to type; the market is divided into agriculture, food processing, healthcare, and others.

• By Application

Based on the application; the market is divided into agriculture, food processing, healthcare, and others.

The agriculture segment is expected to be the leader because of the increase wood vinegar’s main usage in various agricultural use such as weed grow inhibitor, pesticides, plant growth promoters, repellents, and others.

DRIVING FACTORS

"Government Guidelines to Drive Demand"

The collective government guidelines concerning the use of crop safety compounds, improved crop yield, and growing consumption of organic food goods among individuals are key factors projected to fuel pyroligneous acid market growth during the forecast period. Furthermore, increasing demand in the medical and cosmetic sector is expected to foster the growth of the target market. Additionally, the growing application of wood vinegar in various industries, low-cost engineering, and collective usage of wood vinegar in the food industry to improve the color, flavor, and firmness of food products are some significant factors anticipated to back the growth of this market in the coming years.

"Growing Uses in Agriculture Sector to Boost Demand"

The market is motivated by the growing preference concerning the use of bio-based composite in the agriculture sector. The wood vinegar is manufactured by the heating system the wood and plant material with great temperature deprived of any chemical. Owing to this, it is not measured as a chemical enricher. Further, strict environmental guideline concerning the usage of pesticides and chemical fertilizers is also among the driving aspect of the market. Moreover, the increasing demand for acetic acid in the various industries is also offering the possible occasion to the market.

RESTRAINING FACTORS

"Stringent Guidelines to Hamper Market Growth"

Limited builders for the fabrication of pyroligneous acid and stringent guidelines limit this market. Moreover, low awareness concerning the health welfare of individuals particularly in the emerging nations is anticipated to impede the growth of the market in the coming years.

Pyroligneous Acid Market REGIONAL INSIGHTS

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"North America to Dominate Market Owing to Growth from Various Industries"

North America holds the largest part of the global pyroligneous acid market share. This is due to the great use of accessibility and processed food, rising awareness about food protection, augmented demand for bio-based farming composts and wide-ranging usage of the product is likely to fuel the market in coming years.  

Asia Pacific is expected to have a sizable market share. This is due to the increasing use of organic fertilizer, increasing production of organic products, and the presence of key players functioning in this market in numerous countries, especially in Australia, India, and China.

KEY INDUSTRY PLAYERS

"Product Developments and Partnerships to Improve Market Position"

The report provides information on key companies and businesses in the industry. It contains data on the latest research, product launches, technological developments, mergers and acquisitions, partnerships, and joint ventures.  Other aspects analyzed for the market include cost analysis, the pricing policy of leading producers, and raw materials prices. Furthermore, factors and forecast scenarios of the market have been included in the report for market prospects.

List of Market Players Profiled

• Doishouten
• DaeSeung
• Seirogan
• Win-Yec
• Nohken-techno
• Lovesoot
• Naratanka
• Aoki-bussan
• Jforest
• Shinlim Chamsoot
• Fang Zhou Bio-technology
• Yixin Bio-energy
• Longquan A&I Trade
• Shenglong
• Tagrow
• Huazhuo

REPORT COVERAGE

The report examines elements affecting the market from both the demand and supply sides and further estimates market dynamic forces during the forecast period. The report provides drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for regions after evaluating governmental, financial, shared, and technical factors affecting the market in these regions.