(Entertainment-NewsWire.com, October 12, 2017 ) The Latin America Wood Vinegar Market is worth USD 0.27 million in 2016 and estimated to grow at a CAGR of 5 %, to reach USD 0.34million by 2021. The Latin America Wood Vinegar market is developing at an exceptionally quick pace.
Wood vinegar is a natural substance which is extracted from wood and is also known as pyroligneous acid or liquid smoke. Wood vinegar is also a biodegradable and non-toxic material that is used in animal feeds and agriculture, and considered as a good option for organic farming. Wood vinegar aids in stimuLating plant & fruit growth, reduce odor, enriches soil fertility, prevents pests, weeds, roots from rotting and enhance seeds for germination. Wood vinegar is produced via the process of carbonization, in which the wood is heated in an airless container.
The significant drivers for Wood Vinegar are improved crop yield, increasing government initiative for bio-based products, increasing base of end-use industries, stringent environment regulations etc. Also surge in use of wood vinegar the applications in agricultural practices such as increased disease resistance in plants, improved seed germination, soil enrichment and root growth stimulation. Limited manufacturers for the production of wood vinegar and stringent policies limits this industry.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The market is anticipated to keep thriving in both created and creating districts. The huge rise in spending has increased the demand for this industry. Canada Renewable Bioenergy Corp., Nettenergy BV (Netherlands), ACE (Singapore) Pte Ltd, TAGROW CO., LTD. (China), and Byron Biochar (Australia). are the leaders in the Latin America Wood Vinegar market.
