The wood vinegar market, in terms of value, is projected to reach around USD 6.7 Million by 2022, at a CAGR of 7.2% from 2016 to 2022.
The wood vinegar market has grown steadily in the recent years. It has a significant impact on agriculture as a bio-based agricultural input, in terms of increasing the yield, quality, and nutrition-level of the produced crops, and this has led to its high demand across the world. This is due to the need for food products that are required to be safe for consumption as busy lifestyles of people, especially in the developed regions, opt for convenience food products. However, health conscious people nowadays are demanding for organic food products which are produced using organic agricultural practices and organic agricultural inputs and this has led to the increase in use of biopesticides and bio-based fertilizers, such as wood vinegar in agriculture. The market, by region, has been segmented into North America, Europe, Asia-Pacific, and RoW.
The wood vinegar market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. The major drivers for the growth of the wood vinegar market include the rapidly growing demand for biopesticides and biofertilizers. Low awareness about the application of wood vinegar is the factor restraining the market.
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The food allergen testing market, in terms of value, is projected to reach USD 760.7 million by 2022, at a CAGR of 6.8% from 2016. The market growth is driven by various factors such as stringent labeling mandates and demand for advisory labeling, growth in incidences of allergic disorders among consumers, globalization of food trade, and increase in food recall for undeclared allergen products.
The food allergen testing market is estimated to be dominated by the European region in 2016. European countries have recorded many issues related to food allergens; as a result, stringent policies that have been established to achieve complete food safety. Though concerns regarding food allergens have been increasing, consumers are uninformed about such outbreaks. Public awareness has been gradually increasing in countries such as Germany, the U.K., France, and Italy. Peanut accounted for a majority of the allergies in the European region.
Manufacturers in a few regions lack the necessary awareness regarding food safety regulations; due to this, they do not perform in-house testing or outsource it to laboratories. This restrains the development of the allergen testing market.
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The glyphosate market has become more diversified in recent years. Glyphosate, being a non-selective herbicide, is used for various varieties of weeds. Factors such as rapidly growing industrialization and urbanization, globally, has led to a decline in the total land available for cultivation and has increased the pressure on farmers to increase the yield of crops in the land available. This fueled the market growth of the glyphosate.
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[The report] The insect growth regulators market is mainly driven by the growing adoption of environmentally safe crop protection products. Furthermore, these compounds are highly convenient for use on crops such as cotton, tomatoes, wheat, and corn, among others.