According to a report published by Grand View Research, Inc.; the global biochar market is anticipated to reach a valuation of around USD 3,146.1 million by 2025. Increasing demand for organic food and awareness about benefits of biochar such as soil amendment can propel the market over the forecast period (2012 to 2025).
Utilization of biochar for improving soil fertility and for accelerating plant growth is considered as a key driving factor for the market. The product can be used as a soil conditioner as it helps remove sand pollutants and toxic elements from soil. Also, it can prevent fertilizer runoff and soil leeching, and flood damage to crops. These advantages are anticipated to propel the demand for biochar in the forthcoming years.
Use of crop residue for the conversion of biogas into biochar has several environmental and economical benefits. This factor is anticipated to positively influence market growth over the forecast period as it supports in building sustainable agriculture model and helps reduce air pollution by evading the open burning of crop residues. Water treatment is anticipated to be another crucial application of biochar due to rising demand, especially in developing countries.
Full Research Report On Biochar Market Analysis: www.grandviewresearch.com/industry-analysis/biochar-market
The worldwide biochar market can be segmented on the basis of technology, application, and region. Based on technology, the market can be categorized into gasification, pyrolysis, and others. In terms of revenue, pyrolysis technology is anticipated to exhibit expand at the fastest CAGR of over 12.8% from 2018 to 2025. High stability and yield make this technology one of the most efficient ways of making high-quality product. This factor is anticipated to bode well for growth over the forecast period.
As per application, the market can be bifurcated into agriculture and others. In 2017, agriculture was the leading segment with over 70.91% of market share, in terms of volume. The segment can be further categorized into livestock, farming, and others. The livestock segment comprises cattle farming, poultry farming, and meat production. Increasing consumption of biochar in livestock farming due to its ability of maintaining overall health of livestock is expected to support market growth in near future. Other applications comprise water treatment and waste treatment facilities. Demand for water treatment facilities from China and India due to advancing water infrastructure can propel market growth in near future.
Geographically, the market can be divided into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. In 2017, North America dominated the market and is likely to display substantial growth over the forecast period due to rising demand for organic food. High awareness regarding product benefits compared to other regions is anticipated to propel regional market expansion. Increasing knowledge about the long-term benefits of biochar among farming community can further boost regional demand. In terms of revenue, U.S. is considered as major country in the world owing to the presence of numerous small as well as large scale production facilities.
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Asia Pacific is anticipated to expand at a rapid pace over the forecast period due to rising popularity of organic farming and application of biochar in animal feed. Developing countries such as India and China are considered as crucial markets due to the presence of strong agriculture sector. Increasing research and development activities can further contribute to regional market growth over the forecast period.
China is one of the key producers of organic food. Increasing efforts from the China Biochar Network and other universities are anticipated to drive the adoption of biochar in organic farming. These institutions are majorly involved in the examination of effects of soil process and environment. Recent developments and trend of Genetically Modified (GM) crops in the country may have a negative impact on productivity of crops and health of agricultural land. This factor is also expected to boost demand for biochar as a soil amendment.
Prominent companies operating in the biochar market include Vega Biofuels, Inc.; BSEI and Airex Energy Inc.; Cool Planet Energy Systems Inc.; 3R ENVIRO TECH Group; and Pacific Biochar Benefit Corporation.
Grand View Research has segmented the global biochar market on the basis of technology, application and region:
Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2012 – 2025)
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2012 – 2025)
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2012 – 2025)
Central & South America
Middle East & Africa
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