According to the latest report by IMARC Group “Biochar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global biochar market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during the forecast period (2021-2026).
Biochar is a carbon-rich product that is obtained by burning organic materials, including wood, leaves or animal manure, at a controlled temperature in an environment with limited oxygen availability. It is characterized by a black color and porous texture that is lightweight in nature. It is a fine-grained material that is considered to be a cleaner and more efficient alternative to other types of charcoal for converting carbon into a stable form. It can also retain moisture and nutrients in the soil for plant absorption, thereby reducing soil pollution and leaching. It is widely utilized across the agricultural sector for enhancing agricultural productivity and minimizing the atmospheric greenhouse effect.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The global market is primarily driven by significant growth in the agricultural sector. Biochar is increasingly used in the sector to enhance soil quality and crop yield by improving the water quality and quantity as well as soil retention of nutrients and agrochemicals. This is supported by the widespread popularity of organic farming across the globe, wherein biochar is widely utilized as a sustainable substitute for chemical fertilizers. With the inflating disposable income levels of the masses and an enhanced focus on sustainable development, there has been a considerable rise in sales of organic fruits and vegetables, thereby providing an impetus to the market growth. Moreover, biochar also finds widespread utilization in other farming practices, such as biodynamic agriculture, zero tillage farming and mixed farming. This, coupled with the numerous favorable initiatives undertaken by the government of several countries to promote the use of biochar in the agricultural sector for improving land fertility and productivity, is expected to create a positive outlook for the market. Some of the other factors contributing to the market growth include the growing product utilization in the construction industry for insulation purposes, increasing popularity of biochar as a feed supplement and extensive research and development (R&D) conducted by key players. On account of the aforementioned factors, the market is expected to grow at a CAGR of around 10% during 2021-2026.
Market Breakup by Feedstock Type:
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- Woody Biomass
- Agricultural Waste
- Animal Manure
- Others
Market Breakup by Technology Type:
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- Slow Pyrolysis
- Fast Pyrolysis
- Gasification
- Hydrothermal Carbonization
- Others
Market Breakup by Product Form:
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- Coarse and Fine Chips
- Fine Powder
- Pellets, Granules and Prills
- Liquid Suspension
Market Breakup by Application:
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- Farming
- Gardening
- Livestock Feed
- Soil, Water and Air Treatment
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Agri-tech Producers
- Diacarbon Energy Inc.
- Cool Planet
- Pacific Biochar
- Phoenix Energy
- Biomacon GmbH
- Vega Biofuels
- Terra Char
- Avello Bioenergy
- Genesis Industries
- Interra Energy Services
- Element C6
- Carbon Gold Ltd.
- Biochar Solution Ltd.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Biochar Market Report by Value Market Research, studies the future perspective of the market.
Research Report also includes the size, share, growth, trends, Manufacturers, segments and regional survey in detail for the study year of 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Biochar include Agri-Tech Producers, LLC, Diacarbon Energy Inc., Biochar Products, Inc., Cool Planet Energy Systems Inc., Vega Biofuels, Inc., The Biochar Company, Phoenix Energy, Biochar Supreme, LLC, Pacific Pyrolysis, ArSta Eco, Earth Systems PTY.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Request FREE sample copy of the report "Global BIOCHAR Market" at: https://www.valuemarketresearch.com/contact/biochar-market/download-sampleMarket SegmentationThe broad Biochar has been sub-grouped into the Technology, Application and region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
