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(MoneyNewsWire.Net, January 19, 2018 ) According to the report Biochar, published by Market Data Forecast, the Global market is projected to reach USD 2.2 billion by 2021, at a CAGR of 14.1% from 2016 to 2021.
Biochar is a kind of charcoal that is high in carbon and is fine-grained that is obtained by heating organic mass in an oxygen-free environment. It is mainly used as a soil additive since it enhances the soil quality that leads to higher growth of plants. The large growth rate of this market can be ascribed to decreasing soil quality due to uncontrolled use of chemical fertilisers and growing food demand.
Biochar increases the soil quality by the inclusion of rich nutrients and minerals. It also provides other advantages such as retaining carbon from the atmosphere. It is a potential solution for absorbing greenhouse gas CO2 which is responsible for global warming. It can retain nutrients from into the soil water. While producing biochar, it produces energy that can be used for other purposes. It also prevents soil leeching and absorbs water from the atmosphere.
Get a comprehensive overview of the Global Biochar: https://www.marketdataforecast.com/market-reports/biochar-market-3014/
Global Biochar: Drivers & Restraints
Biochar market in this region is driven by factors like rising biochar demand for agricultural sector, increasing demand for organic farming, growing usage of biochar in livestock as animal feed, stringent environmental regulations and its efficacy in waste management among others. A few restraints that this market is facing are lack of awareness and its high costs.
Get accurate market forecast and analysis on the Global Biochar. Request a sample to stay up-to-date on the main trends affecting this market: https://www.marketdataforecast.com/market-reports/biochar-market-3014/request-sample
Global Biochar: Segmentation
By Application
Agriculture
Gardening
Household
Other applications
By Technology
Microwave Pyrolysis
Continuous Pyrolysis
Batch Pyrolysis Kiln
Gasifier
Hydrothermal
Cookstove
By Feedstock
Agricultural Waste
Forestry Waste
Animal Manure
Biomass Plantations
By Manufacturing
Gasification
Pyrolysis
Other manufacturing
By Geography
North America
Global
Asia-Pacific
Latin America
Middle East & Africa
From simple data collection through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at: https://www.marketdataforecast.com/market-reports/biochar-market-3014/customize-report
Global Biochar: Overview
Factors like rising biochar demand for agricultural sector and increasing demand for organic farming are affecting the growth of this market positively. However, other factors such as lack of awareness and its high costs are restraining the growth of this market. Agriculture has the largest market share in biochar market and is expected to have the highest growth rate as well during the forecast period. North America has the largest market for biochar in the world by share, which is followed by Europe and Asia Pacific region. Asia Pacific region is expected to witness the fastest growth rate during the forecast period.
Global Biochar: Key Players
Some of the major companies dominating Global Biochar Market are The Biochar Company, Biochar Products Inc., Diacarbon Energy Inc., Genesis Industries, Vega Biofuels Inc., Cool Planet Energy Systems Inc., Agri-Tech Producers LLC, Green Charcoal International, Full Circle Biochar, and Pacific Pyrolysis Pty Ltd.
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