Wood Vinegar Market by Manufacturing Process, Application, Development, Growth and Demand Forecast to 2023
The global wood vinegar market was
valued at $3.2 million in 2015, and it is expected to grow at a CAGR of 7.1%
during 2016–2023. The factors driving the growth of the global market include
improved crop yield, increasing base of end-use industries, increased
government initiatives for bio-based products, and stringent environmental
regulations. The key trend witnessed in the global market is poverty
alleviation. Wood vinegar can be produced at either small scale or large scale
in villages, utilizing local resources and feedstock.
Request to Get the Sample
Report@ https://www.psmarketresearch.com/market-analysis/wood-vinegar-market/report-sample
Based on application, the agriculture segment
dominated the global wood vinegar market during 2013–2015 in terms of value and
volume, and it is expected to retain its dominance throughout the forecast
period. The growth of agriculture application segment in the market is
primarily driven by several advantages offered by wood vinegar in agricultural
practices, such as root growth stimulation, improved seed germination,
increased disease resistance in plants, and soil enrichment.
Explore Full Report Description
At@ https://www.psmarketresearch.com/market-analysis/wood-vinegar-market
In 2015, Asia-Pacific held the largest share in the
global wood vinegar market. The major reasons behind the growth of the market
in the region are the large base of end-use industries and presence of a large
number of local manufacturers in the region.
Some of the major players operating in the global wood
vinegar market are Ace (Singapore) Pte Ltd., TAGROW CO. LTD., Byron Biochar,
Canada Renewable Bioenergy Corporation, NAKASHIMA TRADING CO. LTD., Nettenergy
B.V., and Taiko Pharmaceutical Co. Ltd.
Comments
Post a Comment