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The global biochar market reported an estimated value of $4.27 million in 2015. As per the latest findings, it may record a CAGR of 17.1%, during 2015 u2013 2023. Majorly, the market is witnessing a leap owing to improved soil fertility, natural carbon sequestration feature of biochar, waste management potential, and increased government initiatives. Stringent environmental regulations also act as a major driver for the growth of the global biochar market.
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Biochar Market: Global Market Size, Competitive Benchmarking of Key Players and Forecast The global biochar market reported an estimated value of $4.27 million in 2015. As per the latest findings, it may record a CAGR of 17.1%, during 2015 – 2023. Majorly, the market is witnessing a leap owing to improved soil fertility, natural carbon sequestration feature of biochar, waste management potential, and increased government initiatives. Stringent environmental regulations also act as a major driver for the growth of the global biochar market. GLOBAL BIOCHAR MARKET By Application– Gardening, Agriculture, Household By Feedstock– Agriculture Waste, Forestry Waste, Animal Manure, Biomass Plantation By Technology– Microwave Pyrolysis, Batch Pyrolysis Kiln, Continuous Pyrolysis Kiln, Gasifier and Cookstove, Others By Manufacturing Process– Gasification, Fast and Intermediate Pyrolysis, Slow Pyrolysis, Others By Region– North America, Europe, Asia-Pacific, and Rest of the World In 2015, North America was geographically the largest biochar market. Due to growing demand for agricultural products and enhancement in soil fertility and crop yield, the North American market for biochar has been witnessing significant growth. This region reports continuous use of chemical fertilizers, along with mining and deforestation, which results in degradation of its soil quality and texture. The same drives the demand for biochar, which leads to growth of North American biochar market. The reason behind the same is the potential of biochar to moderate soil acidity and reduce nitrogen leaching into ground water. Competitive Analysis 2 © P&S Intelligence. All rights reserved
Biochar Market: Global Market Size, Competitive Benchmarking of Key Players and Forecast 6.1 Porter's Five Forces of Competitive Position Analysis 6.1.1 Bargaining power of buyers 6.1.2 Bargaining power of suppliers 6.1.3 Threat of new entrants 6.1.4 Intensity of rivalry 6.1.5 Threat of substitutes 6.2 Competitive Positioning of Global Biochar Market, based on Feedstock (2015) The major drivers for the global biochar market growth are strict environment regulations. Increase in government initiatives is another factor driving the growth of the global biochar market. It is due to increasing environmental pollution and global warming that the demand for biochar has risen. Thus, governments of several nations have introduced projects that promote the usage of biochar. American Power Act of 2010 is an example, which has various provisions to support biochar initiatives. International Biochar Initiative (IBI) is an example of a non-government organizations that promotes stakeholder collaboration, good industry practices, and ethical standards to cultivate cost-effective biochar systems. Tables TABLE 1 SPECIFIC PRIMARY AND SECONDARY SOURCES USED FOR THIS PUBLICATION TABLE 2 GLOBAL BIOCHAR MARKET SNAPSHOT TABLE 1 DRIVERS FOR THE MARKET: IMPACT ANALYSIS 3 © P&S Intelligence. All rights reserved
Biochar Market: Global Market Size, Competitive Benchmarking of Key Players and Forecast TABLE 2 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS TABLE 3 GLOBAL BIOCHAR MARKET BREAKDOWN BY APPLICATION, $M (2014 – 2023) TABLE 4 GLOBAL BIOCHAR MARKET BREAKDOWN BY APPLICATION, TONS (2014 – 2023) TABLE 5 GLOBAL BIOCHAR MARKET BREAKDOWN BY FEEDSTOCK, $M (2014 – 2023) TABLE 6 GLOBAL BIOCHAR MARKET BREAKDOWN BY FEEDSTOCK, TONS (2014 – 2023) TABLE 7 GLOBAL BIOCHAR MARKET BREAKDOWN BY TECHNOLOGY, $M (2014 – 2023) TABLE 8 GLOBAL BIOCHAR MARKET BREAKDOWN BY TECHNOLOGY, TONS (2014 – 2023 Among all other applications, agricultural segment is witnessing a strong growth rate in the global biochar market, since biochar helps improve soil quality and crop yield. Chemical fertilizers are largely used in agriculture, which lead to decline in agricultural land per capita as well as in soil quality. To address this issue, biochar is remaining high in demand. As per the research, forestry waste is estimated to be the largest segment by feedstock. Also, it is expected to continue being the largest segment during 2015 – 2023. About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. 4 © P&S Intelligence. All rights reserved
Biochar Market: Global Market Size, Competitive Benchmarking of Key Players and Forecast Contact: P&S Intelligence Toll-free: +1-888-778-7886 (USA/Canada) International: +1-347-960-6455 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com 5 © P&S Intelligence. All rights reserved
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