Biochar Market Revenue to Expand - Progressive Research and Development Activities

Presently, the biochar sector is in its developmental stage and is yet to be utilized fully for worthwhile gains. However, the biochar market will expand rapidly in the coming years due to the environmental and agricultural productivity benefits associated with biochar, says the TMR report.According to several studies that have been carried out, biochar has high usability for agriculture due to its ability to enhance soil properties such as soil fertility, nutrient retention and stability, and increased soil biodiversity. In addition, the other benefits of biochar-based products for soil are production of healthy humus and maintenance of the soil pH level. Enhanced water retention, improved seed germination, and resistance to insects and fungi are the other benefits imparted by usage of biochar. These are directly related with boosted food security and reduced deforestation.

Transparency Market Research (TMR) has released a new market study that analyzes the developments of the global biochar market for the period from 2014 to 2020. According to TMR’s projections, the biochar market will rise at a phenomenal 14.80% CAGR in the given period. If the projection holds true, the market will reach a valuation of US$572.3 mn by 2020, increasing from US$229.3 mn in 2013. By volume, the production of biochar is slated to increase from 100 kilo tons to 300 kilo tons during the same period, expanding at a CAGR of 20.10% between 2013 and 2014.

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Other than this, biochar is useful in carbon sequestration, because of which soil can hold carbon for thousands of years. Thus, the amount of carbon discharged in the environment is held back, which in turn benefits the planet due to reduced greenhouse gas emissions. Thus, in order to increase public awareness about the benefits of biochar, conferences and promotional campaigns are being organized, with the participation of farmers, scientists, industry stakeholders, manufacturers, and suppliers, which is expected to increase the commercial potential of biochar for the stakeholders.

For biochar to receive acceptance to be used for commercial purposes, standards and certifications have been framed, such as IBI Biochar Standards, European Biochar Certificate, IBI Biochar certification, and Biochar Risk Assessment Framework (BARF). Companies and individual farmers that use biochar need to adhere to standards pertaining to the use of biochar in the region of use.However, the biochar market is facing limited growth due to a few reasons. In some parts of the world, technological insufficiencies, lack of consumer awareness, and financial constraints are restraining the biochar market’s growth. Stringent regulations pertaining to the use of carbon compounds, especially in Europe, are further slowing the growth of this market.

Nevertheless, biochar companies have understood the scalability and best available technology for maximum biochar production at the least cost. Hence, the global market for biochar will rise expeditiously in the future. The biochar market is segmented on the basis of technology, feedstock, application, and geography. By technology, equipment and processes are the segments of the market.

The global biochar market has been segmented as below:

Global Biochar market: By Geography

North America
Europe
Asia Pacific
RoW

Global Biochar market: By Technology

By Process

Fast & Intermediate Pyrolysis.
Slow Pyrolysis
Gasification
Microwave Pyrolysis
Equipment/ Technology

Continuous Pyrolysis Kiln
Batch Pyrolysis Kiln
Gasifier & Cook stove
Others (Rotary Kiln & Microwave Pyrolysis)

Global Biochar market: By Feedstock

Forestry Waste
Biomass Plantation
Agriculture Waste
Animal Manure
Global Biochar market: By Application

Energy Based

Source for Power Plant.
Other Energy generation

Non-Energy Based
Carbon Sequestration.
Forestry
Mine Reclamation
Gardening
Agriculture
Others

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This release was published on openPR.