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Biochar is charcoal which is largely deployed in agricultural amendments and is produced by heating biomass in a low oxygen environment. Sustainable biochar implementation can reduce approximately 12% of greenhouse gas emission on annual basis. According to International Biochar Initiative, biochar can help to reduce 106 metric tons of greenhouse gas emission over the course of 100 years. Thus, biochars are largely viewed as a potential source to facilitate additional revenue benefits in carbon trading market. The global biochar market is estimated to have a CAGR of 13.2% during the forecast years 2016-2023.
Biochar has many agricultural benefits, it increases crop production, it retains moisture and helps plants during drought and it replenishes exhausted or marginal soil. It also increases water quality by increasing soil retention of nutrients. Biochar is gaining grip in the market due to its properties. Besides being a soil amendment material, biochar is also an easy and sustainable way to handle agricultural waste. Biochar is the most efficient solution for the management of the manure from birds and farm animals. In addition, biochar is being effectively used as an important material for climate conservation as biochar has properties to reduce GHG (Greenhouse Gas) emissions.
Surging consumption of organic food, rising demand for soil productivity enhancement products, increasing adoption of environment friendly agricultural practicesare drivers for the global biochar market. Increasing consumption of organic food, growing awareness related to advantage of biochar as soil amendment are the key factors boosting the market. Increasing importance of biochar in livestock farming is increasing the market globally. Biochar is primarily used in agriculture to enhance fertility of the soil, improve plant growth and provide crop nutrition. Therefore, it has gained popularity in livestock farming as an animal feed. Strict government regulations, increase in governments initiative areanother factors driving the market. Increasing environmental pollution and rise in global warming has increased the demand of market globally. In crop processing facility the residue of crop is treated to develop the Biochar. The residue of rice crop is the most effective residue among all crops. It contains all the essential bacteria which helps in creating biochar. It helps in faster decomposition of raw material and in process of biochar. Due to high conversion rate the biochar provide high strength to the soil and provide high yield power. As per the research conducted by biochar-international organization, when biochar was mixed with locally sourced nutrients and the mixture was applied to the soil around mature and semi mature trees, under the leaf latter and around the drip line for twelve better products and healthier trees were obtained. Composting and manure management is one of the most beneficial feature provided through biochar. Many of the sources such as plant and agriculture based residues help in producing manure and also help in upgrading quality of land, enhances food security and avoids the cost of disposal.
Some factors restraining the market growth globally are the risks involved with heavy metal and VOC contamination, stringent government policy and regulations, risk of respiratory diseases during deployment of biochar.
Source: OBRC Analysis
Global biochar market is segmented on the basis of application and technology. On the basis of application, the market is further divided into:
On the basis of technology, the market is subdivided into:
The revenue for the above application segment is specific to global biochar market. However, the total revenue of these application in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up technology segment.
Geographically, the global biochar market is segmented into:
North America is the dominating market in this sector due to demand of agriculture product and enhancement in the soil fertility and crop yield. Technological advancement, increasing R&D funding and presence of some major key player in region are enhancing the demand of the market. Asia Pacific is the fastest growing region in biochar market with enormous future scope. Emerging countries like India and China are focused on improving their agriculture techniques. Government’s initiative in research projects and agriculture are the key factors for the market growth.
The global biochar market is segmented on the basis of technology and application. On the basis of application, the market has been segregated into agricultural applications, water and waste water treatment and other applications. On the basis of technology, the market has been further bifurcated into pyrolysis, gasification, hydrothermal and other technologies.
The major market players of the global biochar market are:
Detailed analysis of these companies provided in this report comprises of overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launching. For example: Cool Planet raised $19.3m to commercialize engineered biochar products on 23 March, 2017. Cool planet is the biofuel-turned-biological products company. The company creates raw bio char by using on-food biomass.
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At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global biochar market offers the longest chain of market segmentation covering major market segmentation based on application and technology. The report tracks the major market trends in the global biochar market such as increasing consumption of organic food and biochar ability to enhance fertility of soil & plant growth and so on. For each market segments covered in global biochar market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the biochar industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global biochar market:
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