Industry Background:
Wood charcoal is used as a fuel that is better than wood because for various reasons including ignition temperature is less than wood, which causes less air pollution. Activated wood charcoal is utilized as an emergency poison treatment solution. Furthermore, activated wood charcoal is beneficial in treating drug overdoses and avoid fish odor syndrome in individuals affected with trimethylaminuria.This growth is primarily driven by Surging Usage in Home and Outdoor Recreational Cooking
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | MT |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Forest Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Kingsford (United States), Duraflame Inc. (United States), Fire & Flavor (United States), Cooks International (United States), Fogo Charcoal (United States), Two Trees Products (United States), Kamodo Joe (United States), Saint Louis Charcoal Company (United States) and B&B Charcoal (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Sept 2019, Fire & Flavor Grilling Company has created eco-friendly, biodegradable charcoal pod for easy, sustainable grilling - The HERO™ Grill. The rapid lighting charcoal pods are completely natural with low volatile organic compounds (VOC) and an hour of grilling time.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Increasingly Being Utilized as a Fuel for Cooking Barbecued Food in Both Developed and Developing Economies
Market Growth Drivers:
Surging Usage in Home and Outdoor Recreational Cooking, The Growth in Production of Steel, Cast Iron, Copper and Brass & Bronze and Low Prices of Worrd Charcoal
Challenges:
Consumer Inclination Towards Petroleum-Based Fuels Including Kerosene and LPG, which is Affordable for Many Upper- and Middle-Level Households
Restraints:
Severe Environment Consequences and Depletion of Resources and Legislations Pertaining to Limit the Emissions
Opportunities:
The Growth in Demand of Charcoal Briquettes in the Field of Agriculture in Most if the Developing Nations and Low Investment in Raw Material and Increasing Prices of Traditional Fossil Fuels
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Wood Charcoal Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Wood Charcoal Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Wood Charcoal players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Wood Charcoal Study Sheds Light on
The Wood Charcoal Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Wood Charcoal industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Wood Charcoal industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.