Global Biochar Market is estimated to reach $17,050 thousand by 2024; growing at a CAGR of 16.1% from 2016 to 2024. In terms of volume, the global biochar market is estimated to reach 32,081 tons by 2024, from 6,271 tons in 2016; growing at a CAGR of 22.6% from 2016 to 2024. Biochar is a steady solid, carbon rich charcoal which is majorly used as a soil amendment and can endure for thousands of years in soil. It is produced by heating various waste products such as agricultural waste, wood waste, forest waste, and animal manure. In the production of biochar, these waste products are primarily used as feedstock. Biochar produced through modern pyrolysis procedures is rich in carbon and is very fine-grained residue. Various technologies such as microwave pyrolysis and gasification are used for biochar production.
Global Biochar Market Size and Forecast, 2015 - 2024 (US$ Thousand)
Waste management potential, enhanced soil fertility and crop yield, increased government initiatives and strict environment regulations and natural carbon sequestration property of biochar are the factors driving the growth of biochar market. Though, lack of consumer awareness about the benefits of biochar may hinder the growth of the market. Moreover, emerging economies and growing biofuel sector might provide with several growth opportunities in the forecasted years.
The global biochar market is segmented on the basis of feedstock, technology, application,and geography.The market is segmented by feedstock as agriculture waste, forestry waste,animal manure, and biomass plantation. Technology segment includesmicrowave pyrolysis, batch pyrolysis kiln, continuous pyrolysiskiln, gasifier & cookstove, and other technologies. Furthermore, the market is segmented by application as gardening, agriculture, and household.
Global Biochar Market, by Feedstock
Based on geography, global biochar market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Global Biochar Market Regional Revenue % (2016 Vs 2024)
The key market players include Vega Biofuels, Inc., Pacific Pyrolysis Pty Ltd, Pacific Biochar, Genesis Industries LLC, CharGrow, LLC, Cool Planet Energy Systems, Diacarbon Energy Inc., Biochar Supreme LLC, Phoenix Energy, and Earth Systems Bioenergy, among others.
The key takeaways from the report
- The report will provide detailed analysis of Biochar Market with respect to major segments such as feedstock,technology, and application
- The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Biochar Market has been included in the report
- Profile of the key players in the Biochar Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Biochar Market
- Agriculture Waste
- Forestry Waste
- Animal Manure
- Biomass Plantation
- Microwave Pyrolysis
- Batch Pyrolysis Kiln
- Continuous Pyrolysis Kiln
- Gasifier and Cookstove
- Other Technologies
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Middle East
Global Biochar Market Primary Interviews by Geography