Growing awareness of biochar in agricultural sector, stringent environmental regulation and increasing usage of biochar in livestock as animal feed.
The global biochar market is expected to reach 40.38 kilo tons by 2025. The biochar market is expected to grow due to increasing consumption of organic foods. Further, the market is driven by factors such as growing awareness of biochar in agricultural sector, stringent environmental regulation and increasing usage of biochar in livestock as animal feed.
Biochar is a kind of charcoal which is used as soil amendment. It is rich in carbon, found in solid form and it can be easily endured in soil for thousands of years. Biochar is made up of biomass via modern pyrolysis processes. The process involves the direct thermal decomposition of biomass in the absence of oxygen, which produces a mixture of gas, liquid, and solids products. Biochar increases the soil fertility as well as the agricultural productivity.
Seeing the advantages and the growing demand of biochar in developing country the global biochar market witnessed a rise in the number of pyrolysis equipment manufacturing companies such as Clean Fuels and Earth Systems.
Agriculture application occupied major share in the global biochar market in 2017 and is expected to maintain its dominance over the forecast period. Biochar emerges as soil amendment for agriculture, a carbon-based porous material with longevity of biochar has improved the quality of crop yields as well as texture of soil by retaining the nutrients of the soil.
North America accounted for the largest share of global biochar market in 2017 as U.S. had the highest share of biochar consumption. Moreover, U.S. government implemented strict regulation to cut carbon pollution from power plants and agriculture industries. This has led a spark of new innovation and drive the investment in biochar process.
Further, lack of awareness regarding biochar and its advantages among the farming community in Asia Pacific region has become a major hindrance for the growth of biochar market. However, government initiatives for organic foods and healthy life style have driven the market in emerging countries. In April, 2015, according to Telangana Department of Agriculture, farmers in Telangana were able to produce approx. 16 – 20 bags of paddy from just a half acre of land by using biochar, as against 5 - 6 bags earlier.
The competitive landscape of the global biochar market is highly fragmented with a large number of regional and global players including Biokol, Biomass Controls, LLC, Carbon Industries Pvt Ltd., Charcoal House, Anaerob Systems, Algae AquaCulture Technologies, CECEP Golden Mountain Agricultural Science And Technology, EarthSpring Biochar/Biochar Central, Energy Management Concept, 3R Environmental Technology Group and Renargi.
Key Segments of the Global Kombucha Market
Type Overview, 2019-2028 (USD Million)
Material Overview, 2019-2028 (USD Million)
End-user Overview, 2019-2028 (USD Million)
Distribution Channel Overview 2019-2028 (USD Million)
- Specialty Stores
- Brand Outlets
- Online Sales Channel
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America