(MENAFN- America News Hour) Research Nester has released a report titled
–Demand Analysis & Opportunity Outlook 2028”
which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter's five force model.
Growing health consciousness along with the increasing consumer spending capacity are some of the factors that is raising the demand for the cultivation of organic food. The process of organic food farming requires several organic products, such as biochar, which is known to possess numerous benefits, and therefore is widely used for farming of livestock, organic farming, treatment of water and enhancing soil fertility among others. Moreover, the product is also used significantly for zero tillage farming methods, biodynamic agricultural techniques and mixed farming methodology.
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Biochar is also being used massively on the back of the increasing awareness among the end users, supported wholly by the favorable government initiatives that promote the use of biochar for organic farming methods. Such factors are anticipated to drive the growth of the Europe biochar market in the coming years.
Europe biochar market
is anticipated to achieve a CAGR of 14.38% during the forecast period, i.e. 2021-2028. The market, which is anticipated to reach a value of USD 1182.42 million by the end of 2028 from a value of USD 368.40 million in the year 2019, is thriving on account of the growing government support for organic farming methods, numerous benefits associated with biochar and increasing consumer spending capacity for agricultural purposes. Additionally, the market is expected to attain an incremental $ opportunity of USD 43.1 million in the year 2020 as compared to the previous year. The market is expected to attain an absolute $ opportunity of USD 720.77 million by growing at 2.56x during the forecast period.
The Europe biochar market is segmented by gasification into gasification, pyrolysis, hydrothermal carbonization and depolymerization. Among these segments, the pyrolysis segment registered the largest market share of 76.37% in the year 2019. The segment is expected to gain an absolute $ opportunity of USD 572.51 million by growing at 2.6x during the forecast period. Additionally, the segment is also expected to gain an incremental $ opportunity of USD 33.83 million in the year 2020 and further grow by a CAGR of 14.72% during the forecast period.
However, concerns for the high cost of biochar, and the lack of awareness for the use of biochar amongst the mass population are some of the factors anticipated to limit the growth of Europe biochar market.
This report also studies existing competitive scenario of some of the key players of the Europe biochar market, which includes profiling of Airex Energie Inc., 3R-BioPhosphate Kft, Genesis Industries, Green Charcoal International, BlackCarbon A/S, Swiss-Biochar GmbH, DEMIO Holding, Carbon Gold Ltd., ETIA S.A.S., and EoSol Design SRL.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled
“Europe Biochar Market –Demand Analysis & Opportunity Outlook 2028”, analyses the overall Europe biochar industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Europe biochar market in the near future.
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