(MENAFN - Zion Market Research) Zion Market Research has published a new report titled 'Biochar Market by Feedstock Type (Woody Biomass, Agricultural Waste, Animal Manure, and Others), by Technology (Pyrolysis, Gasification, and Others), and by Application (Electricity Generation, Agriculture, and Forestry): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025. According to the report, the global biochar marketwas USD 1.48 billion in 2018 and is expected to reach USD 3.82 billion by 2025, at a CAGR of 14.5% between 2019 and 2025.
Biochar is nothing but charcoal used to enhance soil fertilization. Biochar is a carbon-rich product, stable solid. It is used to carry flavors sweeteners and any other ingredient in chewing gums. It is obtained by precise heating of waste materials, such as wood waste, agricultural waste, animal manure, and forest waste.
Browse the full 'Biochar Market by Feedstock Type (Woody Biomass, Agricultural Waste, Animal Manure, and Others), by Technology (Pyrolysis, Gasification, and Others), and by Application (Electricity Generation, Agriculture, and Forestry): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025 Report at https://www.zionmarketresearch.com/report/biochar-market
The global biochar market is expected to grow substantially in the future, owing to the growing biochar demand for its health benefits and increased biochar usage in electricity generation, pharmaceutical, and forestry applications in most of the regions globally. The increased demand for organic food is also anticipated to be a prime driver for the global biochar market over the forecast time period. Positive government policies, cheaper raw materials, and rising environmental awareness for waste management are further likely to play a major role in driving the global biochar market. Enhancement of soil richness and plant quality provided by biochar usage are also supporting the global biochar market. However, technological barriers and high investments in remote areas may hinder the biochar market in the upcoming years. Nonetheless, product innovation and emerging markets in the Asia Pacific region will probably open new growth avenues for the major players in the years to come.
The global biochar market is fragmented on the basis of feedstock type, technology, and application. By feedstock type, the global biochar market is classified into agricultural waste, animal manure, woody biomass, and others. The woody biomass feedstock segment accounted for a major market share in 2018. On the basis of technology, the global biochar market includes pyrolysis, gasification, and others. The application segment of the global biochar market includes electricity generation, agriculture, and forestry. The agriculture segment led the global biochar market in 2018, due to the rising demand for biochar in the agriculture industry.
In 2018, North America was estimated to be the biggest biochar market due to the rising demand for biochar in the U.S., Canada, and Mexico. The Asia Pacific biochar market is anticipated to be the fastest growing in the future, owing to the increasing biochar demand from food, pharmaceutical, and clinical sectors, especially in India and China countries. North America was followed by Europe and the Asia Pacific in 2018.
Some major players of the global biochar market are Airex Energy, BSEI, Diacarbon Energy, Pacific Pyrolysis, Phoenix Energy, 3R ENVIRO TECH Group, Biochar Supreme, Cool Planet Energy Systems. Research institutions like the Federal Rural University of the Amazon, Aberystwyth University, University of East Anglia, and Massey University are also engaged in the R & D and production of biochar.
This report segments the global biochar market into:
Global Biochar Market: Feedstock Type Analysis
- Woody Biomass
- Agricultural Waste
- Animal Manure
Global Biochar Market: Technology Analysis
Global Biochar Market: Application Analysis
- Electricity Generation
Global Biochar Market: Regional Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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