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Global Wood Vinegar Market (Size of $3.2 million in 2015) to Witness 7.1% CAGR During 2016 – 2023
Wood Vinegar Market
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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.
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.
The information and data in the publication “Global Wood Vinegar Market Size, Share, Development, Growth and Demand Forecast to 2023”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of bottom-up and top-down approach has been used to calculate the market size.
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Among the various manufacturing processes, the slow pyrolysis manufacturing was the prominent process in the global wood vinegar market, during 2013-2015, in terms of value and volume of wood vinegar produced; also expected to retain its dominance throughout the forecast period.
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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.
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