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Biochar Market Size, Share and Global Trend By Feedstock (Agriculture Waste, Forestry Waste, Animal Manure, Others), By Process (Pyrolysis, Gasification, Others), By Application (Agriculture, Power Generation, Others) and Geography Forecast till 2021-2028

Region : Global | Report ID: FBI100750 | Status : Ongoing

 

KEY MARKET INSIGHTS

The recent agricultural practices carried out around the globe have created a concern for the depletion of soil quality. The use of chemical fertilizers in large quantities in order to gain high yield has been one of the important reasons for the depletion of the soil quality. In order to resolve the issue, various players in the agricultural industry are offering different products such as soil conditioners in order to meet the requirements of the soil. Biochar is one of the widely consumed products among the soil conditioners.

Biochar is basically a form of carbon (charcoal) which is highly porous, non-reacting and rich in carbon content and is made from the agricultural waste.Biochar has a tendency to lower the carbon content in the biomass by altering the carbon structures in biomass to stable structures and thus aids in reducing the CO2 amount in the atmosphere. Significantly, addition biochar in the cattle feedstock improves the efficiency of the feed and also reduces the methane content in it.

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Biochar market can be classified on the basis of feedstock such as agricultural waste, forestry waste, and animal manure among others. Wood, wheat straw or corn stover and rice bran are among the most widely used agricultural and forestry wastes used for the production of the biochar. Biochar is mainly produced from agricultural and forestry wastes due to abundance in the availability of the feedstock as compared to animal manure.

On the basis of the production process, biochar can be produced by the pyrolysis process, gasification and combustion process among others. Pyrolysis produces oils, liquids, and syngas depending on the rate of the pyrolysis (fast or slow). Wherein gasification produces lesser quantities of biochar as compared to pyrolysis. On the basis of applications, biochar has significant uses as feedstock additive, soil conditioner and as a raw material for power generation. However, biochar is widely used for agricultural applications over other applications

Biochar has a significant application in soil amendment which helps in reducing the carbon dioxide emission by stabilizing the carbon structures. This property of biochar is expected to aid in driving the sales of biochar products. Increasing awareness of greenhouse gas emissions is also expected to help in the promotion of products like biochar in order to reduce the impact of climate change. The cost of offsite production and transportation of biochar makes it an uneconomical product for the end users in some particular regions. 

Key Players Covered

Some of the major companies that are present in the global biochar market are American Biochar Company, Carbonis GmbH & Co., Farm2Energy Pvt Ltd., Terra Humana Ltd., CarbonScape Ltd., Tolero Energy LLC., Oregon Biochar Solutions, Terra Char, Vedic Orgo LLP, Interra Energy Inc., Pacific Biochar Benefit Corporation, Cool Planet, and CharGrow USA LLC.

SEGMENTATION

SEGMENTATION

 DETAILS

By Feedstock

· Agriculture Waste

· Forestry Waste

· Animal Manure

· Others

By Process

· Pyrolysis

· Gasification

· Others

By Application

· Agriculture

· Power Generation

· Others

By Geography

· North America (the USA and Canada)

· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Regional Analysis

The global biochar market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to accelerate the growth of the biochar market owing to the high availability of wood and agricultural biomass. Biochar market is expected to grow at a steady pace in the Latin America region owing to the increasing agricultural practices in Argentina, Brazil, and Mexico. According to the European environmental agency, in 2017 around 39% of the land in the European region was utilized as agricultural land and grassland. The high percentage of agricultural land in the European region is expected to create a platform for the growth of the biochar market. Asia Pacific region is expected to boost the sales of biochar products owing to the large potential markets in the region such as China and India. China and India are among the top producers of agricultural products in the world. Owing to which the demand for the biochar is in China and India is expected to drive the biochar market. Middle East region has witnessed a slow growth in the agricultural and livestock production which is expected to hamper the growth of the biochar market in the region.

Key Industry Developments

  • In May 2019, KTV Green Enterprises Limited has launched operations in order to generate 8,000 Mw capacity of electricity using biochar, water vapour, and other soil additives.
  • In April 2019, Environotics Unlimited company announced its plans to start a US$ 10 Million composting facility and a biochar plant in the Buckhannon part of West Virginia.
  • In March 2019, an NGO named as African Soils Initiative has launched an initiative in order to raise awareness among the natives for the benefits and applications of biochar.
  • In March 2019, the Australia New Zealand Biochar Initiative reported that the farmers in the region using biochar would be paid under the emissions reduction fund for regenerative agricultural practices.

Biochar Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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