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Showing posts with the label Wood Vinegar Market 2018

Wood Vinegar Market Survey and 2025 Future Outlook

Increasing support from various governments for adoption of organic farming methods by small-farm holders for improved crop yield is the key factor driving the market growth. In addition, rapid expansion of organic farming in Asia Pacific is expected to boost the market demand further. The Global Wood Vinegar Market is expected to reach USD 6.6 million by 2025, growing at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. Wood vinegar, a natural extract from woods, makes it a better choice in agriculture pesticides category, as compared to animal feed and natural pesticides. The market is mainly driven by its varied uses in agriculture and animal husbandry industry, as it is accepted as a nutrient supplement by farmers and livestock producers, who seek to improve their crop yield by using bio pesticides. In terms of revenue, agriculture segment accounted as the major application industry in 2016 and is estimated to continue its dominance with a share of 42.6% by 2