The global Wood Vinegar Market size is expected to value at USD 6.6 million by 2025. Rapid growth associated with organic farming mainly in developing economies to meet rising demand of the growing population is one of the key driver for the sustained growth of the wood vinegar industry in recent years.
Wide range of application of the wood vinegar includes agriculture and animal husbandry sector, and as a nutrient supplement. Wood vinegar is mainly utilized by farmers and livestock producers in order to improve overall agriculture production with the help of bio pesticides.
The need for bio-degradable and non-hazardous chemicals in farming is on the rise due to numerous governmental initiatives, such factors are propelling growth of the wood vinegar market in coming years.