Charcoal Market Is Anticipated To Expand In The Coming Years
Rising sustainable charcoal production is expected to drive the Global Charcoal Market growth in the forecast period, 2024-2028. According to TechSci Research report, “ Charcoal Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Charcoal Market stood at USD 6.82 billion in 2022 and is anticipated to grow with a CAGR of 3.82% in the forecast period, 2024-2028. The global charcoal market has witnessed steady growth in recent years, driven by a combination of factors that highlight its versatility and wide-ranging applications. Charcoal, derived from the carbonization of organic materials like wood, coconut shells, and agricultural residues, has evolved beyond its traditional use as a cooking fuel. One of the primary drivers of the global charcoal market is the ever-increasing demand for cooking and grilling fuel, particularly in regions where access to modern energy sources is limited. Charcoal's affordability and accessib...