The Biochar Market Will Grow at 12.1% CAGR through 2028, BCC Research Analysts Forecast
BOSTON, Nov. 2, 2023 /PRNewswire/ -- Biochar technology dates back thousands of years. Archeologists confirm that Amerindians in the Amazon burned plants in pits or mounds. The low-oxygen burn sites caused charcoal to form instead of ash–a process we now call pyrolysis. The resulting Terra Preta de Indio, or Amazonian Dark Earth, was much better for agriculture than the Amazon's naturally occurring acidic soils.
- The resulting Terra Preta de Indio, or Amazonian Dark Earth, was much better for agriculture than the Amazon's naturally occurring acidic soils.
- BCC Research's new report, Global Biochar Market , forecasts that the market, currently valued at $389.07 million, will grow at a 12.1% CAGR between 2023 and 2028.
- The biochar market is growing because it's an economically-sound carbon dioxide removal (CDR) technology.
- The U.S. government, for example, is offering incentives to farmers who choose biochar over soil additives with larger carbon footprints.