Biochar Market size is recording strong growth with 13.67% CAGR
Biochar Market is among the emerging market showcasing growth by targeting global problems of CO2 emissions, green house gas effect, wipe out of fertile lands, and disposal of waste & bio-residual.
Reshaping agriculture and renewable energy as well as environment protection are synergetic factors shaping Biochar Market value through 2020-2026 with 13.67% CAGR.
OG analysis outlines the Biochar Market outlook along distinctive market segments including various technologies & feed stock base, key applications, and growth patterns across North America, Europe, Asia Pacific and RoW markets.
On global synopsis, bio-char soil management systems are increasingly delivering tradable C emissions reduction for air cleaning and water treatments large scale projects.
However, High cost of Biochar and application in niche markets, loss of Biochar and contamination during application and transport, as well as lack of policy incentives, Biochar product specifications and demonstration projects hinder the market growth.
Organic soil amendment & carbon sequestration among major market trends
Biochar market is capturing growth over long term solution favouring agriculturists and farmers with benefits of fertile land triggering the microbial growth in soil, less use of fertilizers & pesticides, and accurate monitoring of soil carbon content.
The example of, experimental application of Biochar which doubled the yield of corn in Cameroon, Africa paves way for the market growth with increasing farming activities.
Moreover, the recent Amazon Forest disaster is to be rebuild using Biochar for soil amendment as a cheap and effective material as researched by Wake Forest University’s Center for Amazonian Scientific Innovation (CINCIA).
In addition, carbon sequestration approach is reaching market values with increasing demand for lower greenhouse gas effects, removal of methane and nitrous oxide emissions, and water retention.
Key markets are commercializing natural & environment friendly Biochar products with versatile applications such as water purification, environmental remediation, and improving fertility of lands.
The Biochar products offered by Biomass Solutions & Equipment International Corp. (BESI) provide reduction in contaminant levels in plants by up to 80%, while reducing total chlordane and DDX content in the plants by 68 and 79%.
Asia Pacific peers as regional Biochar market player
Residual waste & carbon-rich residues to reshape agriculture and balance carbon content in the soil masses and agricultural lands across APAC and Latin America.
Chinese key players of are showcasing growth with ongoing successful registration of patent technologies on a global scale.
However the market growth across Europe and United States is show casing potential growth over mergers and collaborative works. In September 2019, Biochar companies Carbon Gold and Carbofex have signed a memorandum of understanding to establish a commercial agreement to strengthen both companies' position in the UK and European markets.
Key players of Biochar market are seeking cost-effective production protocols
Key players of biochar market include Airex Energy, BSEI, Diacarbon Energy, Pacific Pyrolysis, Phoenix Energy, 3R ENVIRO TECH Group, Biochar Supreme, Cool Planet Energy Systems.
The availability of cheap raw materials for the production of Biochar from agriculture and forestry waste, industrial by products, residential waste, animal wastes, and municipal sewage projects strong market growth.
The Quebec based biocoal plant of Airex Energy operates as industrial-scale where surplus and certified supply of woody biomass is present for the production of Biochar.