According to a new market report published by Stratistics MRC the “Global Biochar Market” is accounted for $330.38 million in 2015 and is expected to reach $923.56 million by 2022 growing at a CAGR of 15.8%. The increasing government initiatives and stringent government regulations regarding the agriculture productivity had given rise to the market of Biochar. However, financial barriers, technological constraints and lack of consumer awareness are the factors hampering the market.
Global Biochar market is segmented by application into energy based and non-energy based. Non-Energy based segment are further sub-segmented into agriculture, carbon sequestration, household, forestry, gardening, mine reclamation and other non-energy based. Agriculture segment is accounted for the dominant share of the market due to increasing use of Biochar in the crop yielding process. However, energy based is expected to grow at the highest CAGR during the forecast period.
Global Biochar market is categorized by technology into batch pyrolysis kiln, continuous pyrolysis kiln, gasifier and cookstove, microwave pyrolysis and other technologies. Batch pyrolysis kiln segment is expected to witness rapid growth owing to high yield coupled with high carbon content and stability. Moreover, microwave pyrolysis segment is also expected to grow at a faster pace attributed to the advantage of microwave pyrolysis over conventional process is the nature of fast internal heating by microwave radiation.
Browse the full market research report at “Biochar - Global Market Outlook (2016-2022)”
This report also covers trends driving each segment and offers analysis by geography, with key regions such as North America, Europe, Asia Pacific and Rest of the World. North America commanded the largest market revenue due to increased demand for agricultural products and improved soil fertility and crop yield. However, Asia Pacific is expected to witness steady growth over the forecast period owing to rising number of companies and increasing awareness about the product’s benefits and advantages.
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Some of the key players in
the global Biochar Market 3R ENVIRO TECH Group, Agri-Tech Producers, ARSTA Eco,
Biochar Products, Inc., Biochar Supreme, LLC, Blackcarbon, Carbon Gold, Clean
Fuels B.V., Cool Planet Energy Systems Inc., Diacarbon Energy Inc., Earth
Systems, Full Circle Biochar, Genesis Industries, Pacific Pyrolysis Pty Ltd.,
Phoenix Energy., The Biochar Company and Vega Biofuels, Inc.
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