Market Overview:
The Global Biochar Market size was valued at USD 1 billion in 2021 and is projected to reach USD 2.29 billion by 2028, growing at a CAGR of 12.6% from 2022 to 2028.
Biochar is carbonized biomass that is obtained from sustainable raw materials and sequestered in soils to enhance their beneficial agricultural and environmental value under present and future management. This differentiates it from charcoal which is widely utilized as fuel for heat, as a filter, as a reductant in iron-making, or as a colouring agent in industry or art. The process by which feedstock is converted into biochar is called a thermochemical reaction. Pyrolysis, combustion, and gasification are the major thermochemical processes employed. The growing popularity of biochar attributed to its benefits and the rise in climate change are the prominent factors anticipated to promote the development of the biochar market over the analysis period.
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Market Dynamics:
Driver:
Biochar has high carbon content, large surface area, multiple functional groups, and optimal pore size. These properties enable the compound to exhibit excellent adsorption capacity for a wide range of organic and inorganic pollutants present in streams and waste water. These pollutants can be eliminated through the use of traditional methods such as membrane separation, ion exchange or chemical precipitation, however, there are concerns about the cost-effectiveness of these processes and chemical residues.
Opportunities:
Wastewater has been a matter of concern for several years. Various technologies have been adopted by high-income countries to treat wastewater and make it reusable for irrigation and other activities. However, as these treatment methods are expensive, developing and underdeveloped nations can't afford them. According to the 2017 UN World Water Development Report, Wastewater: The Untapped Resource, on average, high-income nations treat about 70% of the generated municipal and industrial wastewater.
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Segmentation Analysis Of Biochar Market:
By Feedstock:
The woody biomass segment is estimated to lead the growth of the biochar market over the projected period. Biochar can be made from woody biomass such as wood chips, sawdust, shavings, or bark that is generated during timber harvesting or as a biproduct of the manufacturing of wood products.
By Technology:
The pyrolysis segment is anticipated to have the highest share during the analysis period. Pyrolysis is the most common biochar production technology, and it also occurs in the early stages of the combustion and gasification processes.
By Application:
The agriculture segment is anticipated to dominate in the forecasted timeframe. The global agricultural land area is approximately five billion hectares or 38% of the total land surface.
By Feedstock:
- Woody Biomass
- Agricultural Waste
- Animal Manure
- Other Feedstocks
By Technology:
- Pyrolysis
- Gasification
- Combustion
By Application:
- Agriculture
- Animal Farming
- Electricity Generation
- Other Applications
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Regional Analysis Of Biochar Market:
The Asia-Pacific region is anticipated to dominate the growth of the biochar market over the analysis period. India, China, Japan, South Korea, and Australia are the prominent countries supporting the growth of the market in this region.
By Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Top Key Players Covered In Biochar Market:
- Oregon Biochar Solutions
- American Biochar Company
- Aries Clean Energy LLC
- ArSta eco Pvt. Ltd.
- Avello Bioenergy Inc.
- Biochar Supreme LLC
- Carbon Gold Ltd.
- Karr Group
- Restoration Bioproducts
- NetZero
- Pacific Biochar Benefit Corporation
- Phoenix energy systems Inc.
- Vow ASA
- Swiss Biochar GmbH, And Other Major Players
Key Industry Development In The Biochar Market:
- In July 2022, NetZero announced the start of the first industrial biochar production plant in Latin America. Brazil has been chosen by the company for this project. The plant is expected to begin operations by the end of 2022. Its annual capacity will be 4,000 tons of biochar, which equates to more than 6,500 tons of CO2 removed each year.
- In May 2022, Carbon Streaming Corporation announced the signing of a carbon credit streaming agreement (the "Stream Agreement") with Restoration Bioproducts LLC ("Restoration Bioproducts") to fund the construction of a biochar production facility in Virginia.
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Covid-19 Impact Analysis On Biochar Market:
With the outbreak of the COVID-19 epidemic, the use of personal protective equipment (PPE) has increased rapidly to limit the spread of the virus. The pandemic has had an impact on the manufacture, use, disposal and recycling of plastic products. Plastics are used to make disposable personal protective equipment (such as face masks, gloves, gowns, eye protection devices, and face respirators). Countries around the world have made it mandatory to wear a face mask or a face covering in public places. Since the outbreak of COVID-19, it is estimated that 1.6 million tons of plastic waste has been generated every day worldwide.
Table Of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
3.1 By Feedstock
3.2 By Technology
3.3 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Biochar Market by Feedstock
To Be Continue….
Reasons To Buy The Report:
- To identify the main subsegments of the Biochar market to comprehend its structure.
- Identifies describes, and analyses the sales volume, value, market share, competitive market landscape, opportunities and threats, and strategic initiatives for the main worldwide Biochar manufacturers for the next few years.
- To examine the Biochar Extrusion in terms of specific expected growth, career outlook, and market share contribution.
- Analyze commercial developments in the market, such as market expansions, partnerships, new product development, and mergers.
- To develop a strategic analysis of the main players and a thorough analysis of their strategic planning.
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