Latin America Enriched Biochar Market Size & Outlook
Latin America enriched biochar market, 2018-2030 (US$M)
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Latin America enriched biochar market highlights
- The Latin America enriched biochar market generated a revenue of USD 3.9 million in 2022.
- The market is expected to grow at a CAGR of 8.2% from 2023 to 2030.
- In terms of segment, agriculture was the largest revenue generating application in 2022.
- Agriculture is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 3.9 million |
| Market revenue in 2030 | USD 7.4 million |
| Growth rate | 8.2% (CAGR from 2022 to 2030) |
| Largest segment | Agriculture |
| Fastest growing segment | Agriculture |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Agriculture, Gardening, Turfs, Other Applications |
| Key market players worldwide | Carbon Gold, CharGrow, SymSoil, Inc., bio365, Engrow |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.2% of the global enriched biochar market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 32.7 million by 2030.
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Enriched Biochar Market Scope
Enriched Biochar Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America enriched 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 enriched biochar market will help companies and investors design strategic landscapes.
Agriculture was the largest segment with a revenue share of 64.1% in 2022. Horizon Databook has segmented the Latin America enriched biochar market based on agriculture, gardening, turfs, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America comprises major agrarian economies such as Brazil, Columbia, Venezuela, and others. Brazil is the largest country in Latin America, in terms of arable land, and a top producer of 34 different agricultural products such as coffee, sugar, cacao, soybeans, cotton, citrus, and others.
The region has seen a transformation in agricultural research driven by the expansion of arable land base and increased yield garnered by the use of fertilizer products. In 2021, the Brazilian agriculture and food sector contributed 29% to the country’s USD 1.8 trillion economy driving the Latin American consumption of fertilizers.
According to the World Bank, 80-90% of Latin American farmers with small and medium land holdings use granular or solid fertilizers instead of soluble ones as they do not depend on the availability of irrigation and are cost-effective to use..
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America enriched biochar market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America enriched biochar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America enriched biochar market size, by country, 2018-2030 (US$M)
Latin America Enriched Biochar Market Outlook Share, 2022 & 2030 (US$M)
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