Middle East & Africa Enriched Biochar Market Size & Outlook
Middle East & Africa enriched biochar market, 2018-2030 (US$M)
Related Markets
MEA enriched biochar market highlights
- The MEA enriched biochar market generated a revenue of USD 1.9 million in 2022.
- The market is expected to grow at a CAGR of 6.5% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1.9 million |
| Market revenue in 2030 | USD 3.1 million |
| Growth rate | 6.5% (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, MEA region accounted for 4.8% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Enriched Biochar Market Scope
Enriched Biochar Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 63.16% in 2022. Horizon Databook has segmented the Middle East & Africa enriched biochar market based on agriculture, gardening, turfs, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & North African region contains a population of around 296 million people with over 84 million of them dependent on agriculture activities. The region, despite being dominated by an arid landscape, is supported by irrigation systems spanning 20 million acres of land, resulting in high population density and small farm sizes.
Wheat and barley are the major crops grown in this region along with maize lentils, chickpeas, and rice. Companies located in the region are collaborating with governments around the globe for the supply of high-quality fertilizers and are actively playing a key role in the global fertilizer supply chain.
For instance, in August 2023, Saudi Arabian firm Ma’aden signed an agreement with Bangladesh Agricultural Development Corporation (BADC) to supply 0.6 million tons of fertilizers in the form of diammonium phosphate. The company plans to expand its phosphate fertilizer production facility by 50%, increasing the capacity to 9 million tons per annum via its Phosphates 3 megaproject.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa enriched biochar market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa enriched biochar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA enriched biochar market size, by country, 2018-2030 (US$M)
Middle East & Africa Enriched Biochar Market Outlook Share, 2022 & 2030 (US$M)
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