Middle East & Africa Biochar Market Size & Outlook
Middle East & Africa biochar market, 2018-2030 (US$M)
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MEA biochar market highlights
- The MEA biochar market generated a revenue of USD 20.4 million in 2022.
- The market is expected to grow at a CAGR of 14% from 2023 to 2030.
- In terms of segment, pyrolysis was the largest revenue generating technology in 2022.
- Pyrolysis is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 20.4 million |
| Market revenue in 2030 | USD 58.3 million |
| Growth rate | 14% (CAGR from 2022 to 2030) |
| Largest segment | Pyrolysis |
| Fastest growing segment | Pyrolysis |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pyrolysis, Gasification |
| Key market players worldwide | Pacific Biochar, ArSta Eco, Carbon Gold, Airex Industries, Biochar Solutions |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.2% of the global biochar market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 130.3 million by 2030.
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Biochar Market Scope
Biochar Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa biochar market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biochar market will help companies and investors design strategic landscapes.
Pyrolysis was the largest segment with a revenue share of 67.16% in 2022. Horizon Databook has segmented the Middle East & Africa biochar market based on pyrolysis, gasification covering the revenue growth of each sub-segment from 2018 to 2030.
Most of the countries in the Middle East are oil and gas driven economies. Given the climatic conditions, the region does not have suitable geographies for agriculture and there is a lack of availability of sufficient quantity of water and nutrients in the soil.
However, Africa represents a huge market for biochar demand on account of more than 60% of the sub-Saharan African countries dependent on agriculture as their primary source of income. The farming community in Africa are also engaged in high charcoal and biomass production.
Moreover, promotional activities and shared awareness about the benefits of biochar in agriculture conducted by Africa Biochar Partnership, Biochar Systems for Africa and more is projected to increase consumption of biochar in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa biochar market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa biochar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Biochar Market Outlook Share, 2022 & 2030 (US$M)
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