Global Biochar Market Snapshot to 2028 – Growing Demand for Organic Food Products Presents Opportunities – ResearchAndMarkets.com

0

DUBLIN–(BUSINESS WIRE)–The “Biochar Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Raw Material and Application” report has been added to from ResearchAndMarkets.com offer.

The Biochar Market is expected to reach US$368.85 million by 2028, from US$177.06 million in 2021. It is expected to grow at a CAGR of 11.1% from 2021 to 2028.

Biochar can improve the yield of plants that require high potash and high pH. It can improve water quality, reduce greenhouse gas emission levels, nutrient leaching, acidity, and soil irrigation and fertilizer requirements. Under certain circumstances, biochar induces systemic plant responses to leaf fungal diseases and enhances plant responses to infections caused by soil-borne pathogens. Thus, the benefits of biochar are associated with plant physiology, soil ecosystem, and ecology as it benefits environmental sustainability, which enhances its demand in agriculture industry.

Based on application, the biochar market has been segmented into power generation, agriculture, forestry and others. The agriculture segment held a major share of the market in 2020, and the agriculture segment is expected to register the highest CAGR during the forecast period. Biochar is made from forestry waste, agricultural waste, and urban green waste and is widely adopted for use in energy generation.

There are two most adopted processes for the production of Biochar, namely pyrolysis and gasification. Biochar is a carbon-rich and porous material obtained by pyrolysis of biomass. During the production of biochar, the pyrolysis gases are considered as an energy source. Additionally, gasification is an efficient conversion process that converts biomass into energy fuel while producing biochar as a by-product. The production of biomass by gasification and pyrolysis production systems creates energy and additives for the soil. Biochar made with cogeneration of electricity, especially in rural areas, can lead to regional development and energy production.

Based on geography, the biochar market is majorly segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM). Asia-Pacific accounted for the largest share of the market. China, India and the rest of APAC are the major contributors of biochar in this region. In addition, the presence of leading companies such as Carbon Gold Ltd; Genesis Industries; Black Owl Biochar and Biochar Now, LLC are driving market growth in the region.

Reasons to buy

  • Highlights key business priorities to help companies realign their business strategies

  • The key findings and recommendations highlight crucial progressive industry trends in the Biochar Market, thereby allowing players to develop effective long term strategies

  • Develop/modify business expansion plans using substantial growth offering in both developed and emerging markets

  • Dive deep into market trends and outlook associated with the factors driving the market, as well as those hindering it

  • Improve the decision-making process by understanding the strategies behind business interest versus application

Market dynamics

Drivers

  • Growing demand for biochar in agriculture and commodity industry.

  • Advanced Benefits of Biochar.

Constraints

  • Limited adoption by farmers in agro-based economies.

  • High transport cost of raw materials and possibility of contamination

Opportunities

  • Increase in demand for organic food products.

  • Increased prevalence of biochar in water treatment.

  • Applications of biochar in the construction industry

Future trends

  • Growing Adoption of Biochar for Energy Generation

Companies cited

  • Airex Energy Inc.

  • Genesis Industries

  • Carbon Gold Ltd

  • Black Owl Biochar

  • Biochar Now, LLC

  • Phoenix Energy

  • American Biochar Society

  • Bioforcetech Company

  • Ecoere

  • Pyropower

For more information on this report, visit https://www.researchandmarkets.com/r/wy1tym

Share.

About Author

Comments are closed.