Natural Properties of Wood Vinegar to Promote Organic Farming

Growing necessity for bio-based products owing to rising environmental and health concerns is anticipated to propel the demand for wood vinegar. Wood vinegar is a natural by-product obtained in the production of charcoal and has numerous anti-oxidant and anti-microbial properties, which make it a natural substitute for fertilizers and chemical pesticides. Also known as liquid smoke or pyroligneous acid, wood vinegar is a good source of phenol, ester, methanol, and acetic acid. It finds applications in agriculture, animal feed, medicinal, food, & consumer products, and several others.

Wood Vinegar to have maximum Demand in Agriculture Sector

Agriculture segment accounted for the largest market share of 43.7 % in 2016 and is projected to reach at USD 2.8 million by 2025. The segment is likely to expand further and continue its dominance, in terms of revenue, even during the forecast period (from 2018 to 2025). This growth is attributed to the increasing use of product as soil fertility enhancer and organic pesticide. Supportive government initiatives to promote the use of non-toxic and biodegradable chemicals can also spur the product demand, thereby augmenting the segment growth. Wood vinegar as an animal feed improves the resistance in livestock while reducing the risks on human health associated with the consumption of meat. Thus, the animal feed segment is also likely to have a considerable growth during the forecast years.

Market Overview:

The global wood vinegar market is expected to reach at USD 6.6 million by 2025, according to a report by Grand View Research, Inc. The market is projected to expand at a CAGR of 6.7 % during the forecast period (from 2018 to 2025). Growing demand for natural alternative to fertilizers and chemical pesticides can drive the market growth in the coming years. Increasing adoption of organic farming methods to improve crop yield is also likely to stimulate the market demand. Prominent companies operating in the wood vinegar market are Vinegar Australia; Sort Of Coal; Taiko Pharmaceutical Co., Ltd; VerdiLife LLC; and Nettenergy B.V.

Many private and government organizations are emphasizing on introducing new products in the market. For instance, in 2017, the Center for Science and Technology Information (CESTI) announced the successful production of wood vinegar. The new product is designed to be used in organic agriculture as medicinal herb. It was developed by BIFFA, a fertilizer company, along with Tropical Agricultural Research and Consultancy Center (TARCC).

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Insect Growth Regulators (IGRs) to Obstruct Spread of Deadly Insects

Insect growth regulators (IGRs) are chemicals that can interrupt the reproductive cycle of pests. IGRs are considered as a harmless substitute for pesticides. They are non-toxic and degrade easily without polluting the soil and groundwater. Their application is known to not have any harmful effects on humans, animals, and advantageous soil microbes. 

IGRs have a long-lasting residual activity, but are slow in terms of bringing instant effect as they do not kill the pest immediately. They are more compatible for use along with other pest management systems involving biological controls. 

These products can be broadly categorized into juvenile hormone analogs and mimics, chitin synthesis inhibitors, ecdysone Agonists, and ecdysone Antagonists. They are available in different forms such as liquid, aerosol, and bait.

Organic Plant Protection

IGRs find application in commercial, residential, and agricultural sectors. In 2016, agriculture appeared as a prime application sector and accounted for the largest market share. IGRs are experiencing massive demand due to growing popularity of organic farming. Crop protection products used in organic farming are generally derived from natural sources. Therefore, they have less or no impact on the environment. In addition, IGRs can be useful for livestock, home gardeners, horticulturalists, and landscapers.

IGRs can be also utilized in a wide range of commercial applications including government offices, corporate offices, schools, aircrafts, and hospitals. Governments in different regions are extensively using these products for preventing and controlling a wide range of insect-borne diseases including malaria, dengue fever, Zika fever, West Nile fever, La Crosse encephalitis, and Everglades virus. 

Market Overview

According to Grand View Research, Inc., the worldwide insect growth regulators (IGRs) market is predicted to value USD 1.23 billion by 2025. Growing utilization of environment-friendly insecticides is considered to be a key driving factor for the market. North America has been dominating the market. However, Asia Pacific is expected to exhibit the fastest growth during the forecast period (2014 to 2025). This growth is associated with rising awareness about pest control services. 

Some of the leading companies operating in the market are Helm Agro US, Inc.; Russell IPM; Dow AgroSciences LLC; and Central Life Science.

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Pesticides – Farmers Optimum Savior Weapon

Global population has been gradually increasing with every passing day and so is the demand for food. In contrast, land suitable for agriculture is limited and not enough to cater to the soaring demand for food. To address this crisis, a slow and controlled release formulation of pesticides is being used in farming. The formulation includes specific types of retarding agents, which are instructed to release their constituents after a specific time interval. These agents can be incorporated through different types of systems, such as migration control without membranes, monolithic system, migration control by membranes, and laminate system.

Global Warming Leading to Greater Use of Pesticides

The three major product-variants of pesticides are herbicides, fungicides, and insecticides. Out of the three, herbicides are likely to attract greater demand in the agriculture sector. Growing awareness regarding healthy diet and increasing population are two major factors driving the demand for herbicides. For instance, a newly registered Loyant herbicide developed by Dow AgroSciences can be used in rice fields to prevent unwanted grass, aquatic weed, and sedge. The company has been providing innovative solutions to versatile industries since 1950. According to researchers at the firm, Loyant can control barnyard grass and pertinent sedges, such as rice flatsedge and yellow nutsedge.

Fungicides are also facing significant demand in the agriculture sector due to reasons similar to herbicides. These types of chemicals are used to kill fungi. Fungicides are so strong that they can sometimes damage the crop being grown. Therefore, such chemicals are usually used as a preservative to clear unwanted plants and avoid any crop damage. High-tech sprays are being developed to safeguard farmers from such harmful chemicals. For instance, a weed scientist from Agriculture Canada, along with an engineer from University of Prince Edward Island (UPEI), is developing a software for pesticide sprayers. This software will help sprayers identify only weed and not crop through the cameras and sensors installed on it.

             

Market Insights

Growing population and increasing demand for food are two major factors driving the slow and controlled release pesticides market. In addition, global warming has affected climatic conditions of many places. Such climatic changes trigger the growth of pests such as moths, beetles, insects, and aphids. Watching this instigated growth of pests, companies manufacturing slow and controlled release formulations are relying on innovation to stay ahead. Advanced pesticides are designed to render high efficiency and reduced pricing. Increase in demand for such advanced pesticides from the agricultural sector can augment the market at a CAGR of 7.3% during the forecast period (2017-2025), states Grand View Research, Inc. in a recent report.

Some of the prominent players in the market are BASF SE, The Dow Chemical Company, DuPont, Bayer AG, and Monsanto Company.

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Increasing Use of Biological Approach in Integrated Pest Management

Climate changes are leading to increase in pest population, which in turn is resulting in food insecurity and various health problems. This is, thereby, raising the inclination toward integrated pest management (IPM). Primarily used for controlling and preventing the onslaught of insects, IPM is an effective and systematic approach using a combination of various prevention methods. An IPM program is designed on the basis of pest type, location or area, population density, and prevention goals.

Demand for Integrated Pest Management to Remain High in Agriculture Sector

Chemical, physical, biological, and mechanical are key approaches adopted in an integrated pest management program. Chemical is the most widely used approach, owing to easy availability of pesticides. However, rising awareness regarding harmful effects of pesticides and stringent government regulations pertaining to their sale and usage are likely to translate into reduced demand for the chemical approach. 

On the other hand, the biological segment is expected to register remarkable growth over the coming years. The approach involves release of a number of natural enemies into crop fields to control weeds, nematodes, vertebrates, plant pathogens, and invertebrates. For instance, potato and tomato growers across Hawke’s Bay and Canterbury, New Zealand, have started using Tamarixia trioaze, a wasp that destroys the tomato potato psyllid pest. The approach received approval from the Environmental Protection Authority in June 2016 and is anticipated to be commercialized on a large scale across New Zealand in the next six months.

Market Insights

The global integrated pest management market is largely driven by rising concerns pertaining to usage of pesticides. This can be coupled with favorable initiatives by governments promoting the adoption of IPM. Increasing focus on addressing issues such as food insecurity is also poised to drive the market. North America will hold a prominent position in the global arena, owing to growing investments in new product development.

Some of the key players in the market are BASF SE, Bayer CropScience LP, Advanced Integrated Pest Management, MB Integrated Pest Control, and IPM Technologies Pty Ltd.

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Agrochemicals Sales to Soar with Population Growth and Shrinking Arable Land

Rapidly growing population and reducing fertility of land due to increasing industrialization are augmenting the need for food. This, in turn, is triggering demand for agrochemicals. Globally, agrochemicals are recognized as specialty products that improve return on investments and help fulfill farmer as well as consumer demands. They are also beneficial from an economic perspective as they can increase per hectare production of quality agricultural products.

What are ‘Agrochemicals’?

Agrochemicals are chemical products such as soil conditioners, fertilizers, liming and acidifying agents, and pesticides, used in agriculture, horticulture, and floriculture. These products are used for killing weeds and pests, controlling parasites, preventing infectious diseases in animals, and enhancing crop growth and yield.

Development of Nanosensors Capable of Enzyme-herbicide Binding

Rising concerns pertaining to environmental impact of agrochemicals are encouraging development of technologies that can gauge the extent of impact. Introduction of such technologies is expected to promote extensive research and development in the field of agrochemicals, thereby shaping their future. For instance, in August 2017, a study was released by a research group from the Federal University of São Carlos, Sorocaba, SP, Brazil. The study analyzes the nanomechanical capabilities of the Atomic Force Microscope (AFM) cantilever for its usage as nanobiosensors for enzyme-herbicide binding detection.

Market Insights

According to Grand View Research Inc., growth of the food and beverage industry worldwide is likely to drive the global agrochemicals market. New food manufacturing, processing, and packaging techniques are providing a significant push to the global food and beverage sector. This is leading to an upsurge in demand for agricultural products such as oilseeds, fruits, vegetables, and food grains. This, in turn, is expected to fuel the demand for agrochemicals. 

Rising rates of literacy among farmers, coupled with increasing awareness regarding pesticides and fertilizers usage, can stoke market growth. Growing research and development activities in the field of agrochemicals are also anticipated to work in favor of the market. On the other hand, surging acceptance of genetically modified seeds by farmers is acting as a key impediment to market growth. Moreover, various environmental and health hazards associated with agrochemicals can hamper growth prospects.

Some of the key companies operating in the market are BASF, Agrium, Bayer CropScience, and DuPont.

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