South africa charcoal briquettes market forecast and opportunities to 2029, featuring etosha, umlilo charcoal products, blaze braai products, green charcoal, clorox africa and more

Dublin, sept. 10, 2024 (globe newswire) -- the "south africa charcoal briquettes market, by region, competition, forecast and opportunities, 2019-2029f" report has been added to researchandmarkets.com's offering. the south african charcoal briquettes market was valued at usd 161.42 million in 2023 and is expected to reach usd 281.99 million by 2029 with a cagr of 9.58% during the forecast period. the south africa charcoal briquettes market is experiencing significant growth, driven by various factors that underline its increasing importance in both domestic and international markets. charcoal briquettes, known for their efficient and consistent burning properties, have become a preferred fuel source for cooking and heating in many south african households, particularly in rural areas where access to electricity and other modern fuels is limited. this growing demand is largely fueled by the country's rich tradition of outdoor cooking and barbecuing, locally known as "braai," which has become a cultural hallmark. one of the primary drivers of the market is the cost-effectiveness and accessibility of charcoal briquettes compared to other fuel sources. in a country where a significant portion of the population still relies on traditional biomass for energy, charcoal briquettes offer a more sustainable and eco-friendly alternative. they are produced from renewable resources such as agricultural waste, wood chips, and sawdust, which helps in reducing deforestation and promoting environmental sustainability. additionally, the production of charcoal briquettes supports local economies by providing employment opportunities in both urban and rural areas. the industrial sector also contributes to the rising demand for charcoal briquettes. industries such as metallurgy, cement, and chemical manufacturing utilize charcoal briquettes as a source of energy due to their high carbon content and efficiency. this industrial application is expected to grow, driven by the expanding industrial activities and increasing focus on sustainable and cost-effective energy solutions. despite the promising growth prospects, the south africa charcoal briquettes market faces several challenges. one of the major challenges is the competition from other alternative fuels such as liquefied petroleum gas (lpg) and electricity, which are becoming more accessible with the ongoing infrastructural developments. additionally, the market is hindered by regulatory challenges and the need for more stringent quality standards to ensure the production of high-quality briquettes. moreover, environmental concerns related to the production process of charcoal briquettes, which involves the release of greenhouse gases, present another challenge. there is a growing need for technological advancements and innovative production methods that can mitigate these environmental impacts. key market drivers
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