Insights on the Biochar Global Market to 2028 - Increasing Demand for Organic Food Products Presents Opportunities - ResearchAndMarkets.com

The "Biochar Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Feedstock and Application" report has been added to ResearchAndMarkets.com's offering.

The biochar market is projected to reach US$ 368.85 million by 2028 from US$ 177.06 million in 2021. It is expected to grow at a CAGR of 11.1% from 2021 to 2028.

Biochar can improve yield for plants that require high potash and elevated pH. It can enhance water quality reduce the greenhouse gas emission levels, nutrient leaching, acidity, and irrigation and fertilizer requirements of soil. Under certain circumstances, biochar induces plant systemic responses to foliar fungal diseases and improves plant responses to infections caused by soil-borne pathogens. Thus, the benefits of biochar associated with plant physiology, soil ecosystem, and ecology as it is benefitted to environment sustainability which bolster its demand in the agriculture industry.

Based on application, the biochar market has been segmented into electricity generation, agriculture, forestry, and others. The agriculture segment held a significant share of the market in 2020, and the agriculture segment is expected to register the highest CAGR during the forecast period. Biochar is made using forest waste, agricultural waste, and urban green waste and is highly adopted to be used for the production of energy.

There are two most adopted processes for production of Biochar namely pyrolysis and gasification. Biochar is a carbon-rich and porous material obtained in pyrolysis of biomass. During the production of biochar, pyrolysis gases are considered as an energy source. Also, gasification is an effective conversion process that converts biomass into energy fuel while producing biochar as a by product. Production of Biomass through gasification and pyrolysis production systems creates energy and soil additives. Biochar made with cogeneration of electricity especially in rural regions can lead to regional development and energy production.

Based on geography, the biochar market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). Asia Pacific accounted for the largest share of the market. China, India, and the Rest of APAC are the key contributors to the biochar in this region. Moreover, the presence of leading companies such as Carbon Gold Ltd; Genesis Industries; Black Owl Biochar, and Biochar Now, LLC is driving the growth of the market across the region.

Reasons to Buy

• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the biochar market, thereby allowing players to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to the application

Market Dynamics

Drivers

• Growing demand for biochar in agriculture & feedstock industry.
• Advanced benefits of Biochar.

Restraints

• Limited adoption by farmers in agro-based economies.
• High transportation cost of raw material and the possibility of contamination

Opportunities

• Increasing demand for organic food products.
• Increasing prevalence of biochar in water treatment.
• Biochar applications in the construction industry

Future Trends

• Growing adoption of biochar for energy production

Companies Mentioned

• Airex Energie Inc.
• Genesis Industries
• Carbon Gold Ltd
• Black Owl Biochar
• Biochar Now, LLC
• Phoenix Energy
• American Biochar Company
• Bioforcetech Corporation
• Ecoera
• Pyropower

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005734/en/