Biochar Market, Industry Analysis Report, Regional Outlook, Application `Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3484
The global biochar market is anticipated to grow owning to increasing demand for the organic farming products across the developing nations. Economical return on investment coupled with increasing adaption of energy efficient technology will positively influence the business landscape. Furthermore, reducing farming land along with deterioration in soil quality owning to excessive usage of harmful chemical fertilizer will propel the industry growth.
Ongoing adoption of environment friendly agricultural practices toward providing sustainable crop production coupled with Green House Gas (GHG) remediation will stimulate the biochar market. The natural sequestration property offered by the technology resulting in improvement of soil properties and agronomic performance will positively influence the product penetration.
The feasibility in production through energy efficient pyrolysis technique involving thermal decomposition of biomass at elevated temperature will promote the global biochar market growth. The process provide mass burning solutions across mixed stream of raw material including agriculture & forestry waste, animal manure, biomass plantation and construction & industrial waste. Furthermore, the cost-effective advantage offered by Mobile Pyrolysis Technique (MPT) of bringing the pilot plant to source location will positively influence the business landscape.
Improvement in soil quality for achieving higher yield coupled with declining carbon footprint will stimulate the biochar market size. The growth in bio-oil industry owning to paradigm shift toward renewable energy sources will enhance the industry landscape. In addition, the key benefits offered by the technology including increase in soil fertility and water retention capability will further propel the product penetration. However, lack of knowledge in the potential stakeholders is hindering the business growth.
The shifting trend toward livestock farming owning to increasing consumption of animal meat as food coupled with ease of ordering non-vegetarian food will promote the global biochar market. The numerous benefits offered by the product as an animal feed additive including increase in animal growth & immunity and improvement in digestion will further foster the business growth. In addition, the use of excreted metabolic waste as manure will augment soil-restoring properties which will provide additional value proposition to the users.
North America biochar market is projected to grow on account of increasing demand for agricultural products across the nation. The continuous degradation in quality and texture of soil resulting from persistent usage of chemical fertilizer, mining, deforestation and aggressive cultivation practices is creating more demand for crop nutrients enhancer biochar. Growing industrial and domestic waste coupled with stringent government policies related to land fill limits and carbon tax will positively influence the business landscape.
The key players operating across the biochar market includes Biochar Products Inc., Vega Biofuels Inc., Agri-Tech Producers LLC, Genesis Industries, Diacarbon Energy Inc., Green-Charcoal International Cool Planet Energy Systems Inc., Pacific Pyrolysis Pty Ltd. and Full Circle Biochar.
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