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The bamboo charcoal market size is forecast to increase by USD 2.33 and is estimated to grow at a CAGR of 19.35% between 2022 and 2027. There is a growing market demand for natural charcoal, particularly an increased use of bamboo charcoal for water and air purification, owing to its beneficial medicinal properties.
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The bamboo charcoal market share growth by the water treatment segment will be significant during the forecast period. The increasing focus on improving the quality and reliability of drinking water in developing nations, which are witnessing rapid industrialization, will elevate the demand for bamboo-activated carbon in the water treatment segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the bamboo charcoal market size and actionable market insights on the post-COVID-19 impact on each segment.
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APAC is estimated to contribute 54% to the growth of the global market during the forecast period.
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China and Japan are the key markets for the bamboo charcoal market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The high export of activated carbon will facilitate the bamboo charcoal market's growth in APAC during the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
The demand for natural charcoal, which is made from bamboo, is increasing globally, especially in developing countries. The charcoal made from bamboo is eco-friendly and produces less ash after burning. The entire process of converting bamboo into charcoal requires a special charcoal kiln, in which bamboo is carbonized to produce good-quality charcoal. The rising demand for natural and organic bamboo charcoal products will drive the growth of the market in focus during the forecast period.
Charcoal is a black residue that mainly constitutes ash and carbon. Charcoal is produced by burning wood until it gets charred. Trees are chopped for charcoal production. As charcoal finds extensive applications in cooking fuel, industry fuel, metallurgical fuel, glass making, pencils, medicine, and utensils, it has caused intensified deforestation in many countries. Increased deforestation, therefore, will adversely impact the global bamboo charcoal market's growth during the forecast period.
This bamboo charcoal market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Bamboo Charcoal Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Historic period |
2017-2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.35% |
Market growth 2022-2026 |
USD 2.33 billion |
Market structure |
Concentrated |
YoY growth 2021-2022(%) |
15.57 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 54% |
Key countries |
China, US, UK, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Bali Boo, Bambusa Global Ventures Co. Ltd, BISJ Exporters Pvt. Ltd., Henan Lvyuan Water treatment technology Co. Ltd., KoolerThings Inc., Moso Natural, Nara Tanka Industries Co. Ltd., Nature Fresh Air, PearlBar, and Sahacogen (Chonburi) Public Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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