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(MoneyNewsWire.Net, October 27, 2017 ) The Europe Biochar Market was worth USD 240 million in 2016 and estimated to be growing at a CAGR of 13.6%, to reach USD 450 million by 2021. Biochar is a fine-grained charcoal rich in carbon, prepared by heating biomass in oxygen free air. It is added to soil to enhance the physical and chemical properties in order to amount of crops produced. The market has high growth rate due to increasing food demand and decreasing soil quality due to excessive use of chemical fertilisers.
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Apart from increasing the soil quality as they have a lot of nutrients, biochar has other advantages like retaining carbon into soil from the atmosphere. It can be used for capturing the greenhouse gas CO2, responsible for global warming. It can retain nutrients from flowing soil water. Producing biochar results in additional energy which can be used again for the same process. It also increases the quality of soil by absorption of water.
The Europe market for Biochar is primarily driven by factors like increasing demand for organic farming, rising demand from the agricultural sector, stringent environmental regulations rising usage of biochar in livestock as animal feed, and its waste management applications among others. But the market is constrained by lack of awareness and high prices. However, the awareness about Biochar is increasing rapidly.
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The Europe Biochar market is segmented by application into agriculture, gardening, households and others. Agriculture dominates the market having the largest market share of around 45% and is also the fastest growing segment. By technology, the market is divided into microwave pyrolysis, continuous pyrolysis, batch pyrolysis kiln, gasifier, hydrothermal, cook stove and others. By manufacturing the market is segmented into gasification, pyrolysis and others. Biochar is mostly produced by pyrolysis, hence it has the largest market share in this segment. By feedstock the market is divided into agricultural waste, forestry waste, animal manure and biomass plantations.
Europe Biochar Market Geographical Analysis
• U.K
• Spain
• Germany
• Italy
• France
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Europe Biochar Market Leaders' Analysis
• Biochar Products Inc.
• Diacarbon Energy Inc.
• Agri-Tech Producers LLC
• Genesis Industries
• Green Charcoal International
• Vega Biofuels Inc.
• The Biochar Company
• Cool Planet Energy Systems Inc.
• Full Circle Biochar
• Pacific Pyrolysis Pty Ltd
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