Escalating demand for biochar as livestock feed is one of the significant factors influencing the market growth
Reports and Data’s latest industry analysis report titled ‘Global Biochar Market’ provides the reader with an exhaustive overview of the Biochar industry. The report is inclusive of a concise market summary and contains market projections based on the present market situation, current market size, and revenue growth rate. The report elaborates on the key market dynamics including market growth drivers, opportunities, threats, and challenges. In this report, market analysts at Reports and Data have emphasized the ever-changing market growth patterns and the dynamic environment of the industry. Key attractions of the report include List of Tables and Figures, Research Methodology, Competitive Landscape, Regional Analysis, Technological Breakthroughs, and Future Market Developments.
Growing demand for high crop yield is one of the significant factors influencing the market growth. The product allows farmers to increase their crop yield by boosting the productivity of the agricultural land, as well as can make an otherwise less productive land produce substantial yields. Biochar soil amendment improves crop productivity mainly by increasing nutrient use efficiency and water holding capacity.
However, the high cost associated with the production of biochar and low awareness about the beneficial properties may create hindrances in the growth of the market in the upcoming years.
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Further key findings from the report suggest
- By technology, pyrolysis contributed to the largest market share of around 75.0% in 2019. It is the most commonly used method for the production of biochar. In this method, the product is produced by the decomposing biomass thermo-chemically in the absence of oxygen at a temperature in the range of 350-700 °C. The process discharges volatile end-products, whereas the carbon-rich solid and non-volatiles end-products are collected as biochar.
- By distribution channel, offline held a larger market share in 2019. The biochar industry is very offline-intensive and witnesses transparency. The offline channel necessitates the requirement of substantial investment of time by the buyer and high selling costs, along with considerable knowledge of the market on the seller side.
- By application, farming contributed to the largest market share in 2019. The application of biochar for crop production is a feasible alternative that can improve the carbon sequestration rates in the soil, improve soil quality, and reduce farm waste. The product is considered to be beneficial in increasing conventional agricultural productivity and alleviate greenhouse gas emissions from agricultural soils.
- Key participants include Diacarbon Energy Inc., Cool Planet Energy Systems Inc., Agri-Tech Producers LLC, Biochar Products Inc., Vega Biofuels Inc., Phoenix Energy, Pacific Pyrolysis, The Biochar Company, Clean Biofuels BV, and Biochar Supreme LLC, among others.
Regional Outlook
The key regions covered in the report are as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
Technology Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)
- Pyrolysis
- Gasification
- Others
Distribution Channel Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)
- Online
- Offline
Application Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)
- Livestock
- Farming
- Others
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Biochar market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Biochar market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Biochar market key players
3.2 Global Biochar size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Biochar market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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