Global Biochar Market Industry Analysis Forecast 2014 - 2020

Biochar is a type of coal used as a soil amendment device due to its ability to carry out carbon sequestration effectively. This helps increase the pH of acidic soils, making them better for agriculture. The global biochar market has picked up strength in recent years due to the widespread awareness regarding the ecological and environmental benefits of carbon sequestration. Biochar also helps prevent certain plant diseases, which has also been key in driving the demand from the global biochar market. Thus, the global biochar market is likely to exhibit steady development in the coming years due to the rising awareness about the benefits of biochar.

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The global biochar market is expected to reach a valuation of US$572.3 mn by the end of 2020, growing threefold by volume over the last six years of the ongoing decade. The global biochar market is expected to exhibit a total volume of 300 kilo tons by 2020.

Public and Private Support to Environmental Conservation Measures to Benefit Biochar Market

One of the key drivers for the global biochar market is the widespread support among regulatory as well as research bodies for environmentally beneficial measures. Rising acknowledgment of the impact of human activities on the climate has led to growing government support to products that help ameliorate the negative impact, as well as increasing awareness among farmers regarding the benefits of using products such as biochar. The steady need for environmental conservation measures in the coming years is likely to remain a key driver for the global biochar market.

The increasing need for increasing the productivity of soil for increased output is another crucial driver for the global biochar market. The rising global population has led to a corresponding rise in the demand for food, which has led to productivity problems in many agricultural zones in the world. This has initiated the demand for measures to improve the productivity of soil, among which biochar occupies an important place. The porous nature of biochar provides a boost to the water and nutrient retention capacity of soil, which is a key driver for the global biochar market. The rising population in emerging economies is likely to keep this an important driver for the global biochar market.

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Asia Pacific Likely to Challenge North America in Global Biochar Market

Geographically, the global biochar market is segmented into North America, Asia Pacific, Europe, and Rest of the World. North America held a majority share in the global biochar market in the early years of the decade, with Asia Pacific accounting for around a quarter of the market, and Europe also taking up a significant 20% of the market. However, Asia Pacific is expected to account for a major share in the global biochar market in the coming years thanks to the booming agriculture sector in dynamic emerging economies such as China and India. The ready acceptance of technological advances to improve the fertility of the soil and the region’s rising population are likely to remain the key drivers for the Asia Pacific biochar market.

The regulatory framework in Europe is not as supportive towards the biochar market as in other regions, leading to relatively slower growth of the market in the region. However, the steady support to environmental measures in Europe could benefit the biochar market in the region.

Leading players in the global biochar market include Agri-Tech Producers, LLC, Cool Planet Energy Systems Inc., Biochar Products, Inc., Genesis Industries, Blackcarbon, and Diacarbon Energy Inc.

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