Biochar Market Size, Share, Trends, Analysis and Forecasts To 2022
Global Biochar market is accounted for $ 3303.8 million in 2015 and is expected to reach $ 923.56 million by 2022 growing at a CAGR of 15.8 %. The increasing government initiatives and stringent government regulations regarding the agriculture productivity had given rise to the market of Biochar. Carbon sequestration property, waste management potential and improved soil fertility & crop yield are some of the factors driving the market. However, financial barriers, technological constraints and lack of consumer awareness are the factors hampering the market.
Batch pyrolysis kiln segment is expected to witness rapid growth owing to high yield coupled with high carbon content and stability. It is one of prominent technology to produce high-quality product. Agriculture segment is accounted for the dominant share of the market due to increasing use of Biochar in the crop yielding process. North America is dominating the world owing to the growth in organic farming, followed by Europe.
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Some of the key players of the Biochar market include 3R ENVIRO TECH Group, Agri-Tech Producers, ARSTA Eco, Biochar Products, Inc., Biochar Supreme LLC, Blackcarbon, Carbon Gold, Clean Fuels B. V., Cool Planet Energy Systems Inc., Diacarbon Energy Inc., Earth Systems, Full Circle Biochar, Genesis Industries, Pacific Pyrolysis Pty Ltd., Phoenix Energy, The Biochar Company and Vega Biofuels, Inc..
Applications Covered:
Energy based Sources for Power Plant Electricity Generation
Non-Energy based Agriculture Carbon Sequestration Household Forestry Gardening Mine Reclamation Other Non-Energy based
Technologies Covered: Batch pyrolysis kiln Continuous pyrolysis kiln Gasifier and cookstove Microwave pyrolysis