Wood Vinegar Market Insights Report, 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 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.
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<strong>Wood</strong> <strong>Vinegar</strong> <strong>Market</strong><br />
The global wood vinegar market was valued at<br />
$3.2 million in 2015, and it is expected to grow<br />
at a CAGR of 7.1% during 2016–<strong>2023</strong>. The<br />
factors driving the growth of the global market<br />
include improved crop yield, increasing base of<br />
end-use industries, increased government<br />
initiatives for bio-based products, and stringent<br />
environmental regulations. The key trend<br />
witnessed in the global market is poverty<br />
alleviation. <strong>Wood</strong> vinegar can be produced at<br />
either small scale or large scale in villages,<br />
utilizing local resources and feedstock.
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