The global biochar market size was worth 26.60 million USD in 2018 and is expected to reach 40.38 kilo tons with a CAGR of 18% between 2018 and 2025. Rising usage of soil enhancement coupled with the higher demand for organic food have up surged the market growth of global biochar industry. The stringent rules and regulations adapted by government in order for waste management, preservation of soil along with increasing investment in the bio-fuels sector has soared overall market growth.
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Growing organic food consumption across the globe and biochar’s ability to enhance plant growth as well as fertility of soil are the factors that may propel the growth of the global biochar market over the next couple of years. Biochar is a key element in soil improvement owing to its ability to discard all sand poisonous and pollutants elements from the soil has helped biochar to gain importance in agriculture field. Moreover, it stops soil leeching, fertilizer runoff and also benefits in maintaining the level of moisture in the soil. In the contemporary scenario, synthetic as well as other bio-based fertilizers are likely to influence the agricultural sector positively. However, various initiatives in order to develop the awareness about the product advantages and its use will further impact the growth of the global biochar industry; this trend is expected to be followed in the forthcoming years. All these factors will reinforce the notable opportunities and increase overall global biochar market share.
The global biochar industry has regional segmentation which covers North America, Asia-pacific, South America, Middle East, and Africa. India, China, Rest of Asia-Pacific are included under the Asia-Pacific market. North America covers the Canada, U.S. and Mexico. France, UK, Germany, and Rest of Europe are analyzed under the European market.
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Focusing on volume and value, North America serves the most demand which escalates their global biochar market share. Higher demand of carbon sequestration and soil amendment has been identified as the key factors driving the North America market growth. Europe has continuous and constant demand for biochar and is exhibited to display significant growth. Asia-Pacific will experience exponential growth in the biofuel which will propel the market growth. Emerging nations such as China, Japan and India are expected to have major global biochar market share in the coming forecast period. Presence of abundant biochar producers are from Japan and China, which makes biochar cost-effective for them as compared to other nations. Latin America is predicted to offer growth to biochar market in the coming few years. Middle East & Africa is anticipated to boost the global biochar market at a steady rate.
Feedstock, geography, technology and application are the key segments considered in the global biochar market. Feedstock includes forestry waste, animal manure, agriculture waste and biomass plantation. Based on technology, the market is further divided into continuous batch pyrolysis kiln, pyrolysis kiln, gasifier and cookstove, microwave pyrolysis, and other. On the basis of application, the market is bifurcated into agriculture, gardening and household.
The key players handling the global market are Vega Biofuels, Inc., Cool Planet Energy Systems, Pacific Pyrolysis Pty Ltd, Pacific Biochar, Biochar Supreme LLC, Earth Systems Bioenergy, Genesis Industries LLC, Diacarbon Energy Inc., CharGrow, LLC and Phoenix Energy, among others.
Key segments of the global biochar market
Technology Overview, 2015-2025 (USD million) (Metric tons)
Application Overview, 2015-2025 (USD million) (Metric tons)
Regional Overview, 2015-2025 (USD million) (Metric tons)
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Table of Content:
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Biochar Overview Market, By Technology
5. Biochar Market Overview, By Application
6. Biochar Market Overview, By Region
7. Company Profiles
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