Global Biochar Market Scenario:
Biochar Market can be an important tool to increase food security and cropland diversity in areas with severely depleted soils, hardly organic resources, and inefficient water and chemical fertilizer supplies. It is produced by heating various waste products such as agricultural waste, wood waste, forest waste, and animal manure.
The global biochar market size is estimated to reach USD 3.1 billion by 2025, according to a new report by Mindaspire Market Research. It is expected to expand at a CAGR of 13.2% over the forecast period. Rising organic food consumption all around the world and biochar’s ability to improve fertility of soil as well as plant growth are factors anticipated to boost the growth of the global biochar market in the near future. Biochar being is an important soil improvement owing to its ability to eliminate all sand pollutants and poisonous elements from the soil has gain importance worldwide in agriculture field. Moreover, it prevents fertilizer runoff, soil leeching, and also helps maintain the level of moisture in the soil. At present, synthetic as well as other bio-based fertilizers are expected to influence the agricultural sector. However, numerous initiatives in order to spread awareness about the product use and its advantages are further impacting the growth of the global biochar market
The market consists of organized and unorganized manufacturers. Growing economies such as China, India, Japan, Mexico, and Brazil produce significant amount of biochar through small and medium scale industries mainly running into village areas. Whereas, large scale manufacturers are concentrated in North America.
By technology, the market is further divided into batch pyrolysis kiln, microwave pyrolysis, continuous pyrolysis kiln, gasifier and cookstove, and other technologies. By, application, the market is bifurcated into gardening, agriculture, and household.The country wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico. Germany, France, UK, and Rest of Europe are analyzed under the European market. China, India, and Rest of Asia-Pacific are included under the Asia-Pacific market. While RoW is bifurcated into South America, Middle East, and Africa.
North America is the largest regional market for biochar, globally, as the farming community in the region is more aware of the long-term benefits of biochar, compared to other regions. However, Asia-Pacific biochar market is expected to witness fastest growth in coming years, on the back of rapidly growing emerging economies like India and China. Besides, the biochar market is governed by many regulatory authorities including the US EPA and EU Commission in the US and Europe, respectively. The new rules released by the US EPA are anticipated to govern the biochar production.
Key Players :
Some Market Players are Vega Biofuels, Inc., Pacific Pyrolysis Pty Ltd, Phoenix Energy, Biochar Supreme LLC, Agri-Tech Producers, LLC, Full Circle Biochar, Diacarbon Energy Inc., Genesis Industries LLC, Earth Systems Bioenergy, Pacific Biochar, CharGrow, LLC, and Cool Planet Energy Systems.