Global Biochar Market Set to Grow at Healthy CAGR forecast by 2026

Posted by nileshdbmr on October 18th, 2019

Global biochar market is expected to rise to an estimated value of USD 3.92 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026.

Biochar is usually formed when biomass like wood leaves or manure are heated or burned in the presence of oxygen. They are usually formed by a process called pyrolysis and are widely used to improve the quality of the soil and mitigate climate change. Biochar have the ability to convert carbon into stable form and is cleaner than the other form of charcoal. They are widely used in applications like gardening, agriculture, electricity generation etc. Increasing demand of biochar in greenhouse gas remediation is the major factor fuelling the growth of this market.

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Competitive Analysis:

Global biochar market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biochar market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global biochar market are Cool Planet, Pacific Biochar Benefit Corporation, Genesis Industries, LLC, CharGrow USA LLC, Black Owl Biochar, Phoenix Energy Group, Airex Énergie Inc., Ambient Energy LLC, Avello Bioenergy, ETIA Group, CharGrow USA LLC, Pyrocal Pty Ltd, Terra Humana Ltd, American BioChar Company, Bioforcetech Corporation, ECOERA Millennium Biochar and Carbon Emission Removal Service, Biochar Now, llc., EkoBalans Fenix, Carbo Culture, GreenBack Pte Ltd and others.

Segmentation: Global Biochar Market

•          By Technology (Pyrolysis, Gasification, Batch Pyrolysis Kiln, Microwave Pyrolysis, Cookstove and Others)
•          By Application (Gardening, Agriculture, Household, Electricity Generation)
•          By Feedstock (Agriculture Waste, Animal Manure, Forestry Waste, Biomass Plantation),
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

•          Rising usage of biochar in energy production and greenhouse gas remediation is driving the market growth
•          Increasing consumption of biochar in livestock feed will also propel the market growth
•          Rising awareness about the benefits of biochar among population will also act as a driver for the market
•          Increasing environmental concern among population is another important factor contributing towards the growth of this market

Market Restraints:

•          High investment cost will hamper the growth of this market
•          Technological barrier in remote area will also restrain the growth of this market

Key Insights in the report:

•         Complete and distinct analysis of the market drivers and restraints
•          Key market players involved in this industry
•          Detailed analysis of the market segmentation
•          Competitive analysis of the key players involved

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