Rising demand for biochar in the agriculture sector is a key driver for the growth of biochar market revenue
— Emerging research
VANCOUVER, BC, CANADA, September 19, 2022 /EINPresswire.com/ — The Global biochar market the size was $160.9 million in 2021 and is expected to register a revenue CAGR of 12.1% over the forecast period, according to the latest analysis from Emergen Research. Biochar is widely used in agricultural, animal feed and poultry farming applications in emerging countries and this trend is expected to continue driving the market revenue growth. Biochar is applied to improve the physical and chemical properties of soil for agricultural purposes. Agricultural growth and crop development are improved and greenhouse gas emissions are low. Biochar is unusual in that it can absorb water below the soil surface. Additionally, biochar benefits crops and plants by reducing nutrient loss from crop root zones and fertilizer requirements while increasing land cultivation due to the liming effect that biochar has on acidic soils. to bring them closer to neutral pH. Governments in developing countries are promoting biochar as a strategy to reduce emissions of greenhouse gases like nitrous oxide and methane. Biochar from organic waste, especially its importance in increasing biomass production through soil quality and pollution treatment, is expected to drive the revenue growth of the biochar market during the period of forecast.
Large-scale manufacturing and environmental standards are also expected to drive the market revenue growth over the forecast period. Additionally, the multiple benefits of biochar are driving the global revenue growth. The potential for improved soil fertility, plant development, and crop yield is also expected to drive the revenue growth of the biochar market. However, a major factor that is expected to restrain the growth of the biochar market is the high cost of pyrolysis equipment, lack of awareness about the economic benefits of the product, and lack of suitable technology for low-emission carbon synthesis.
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Some major companies in the global market report include Agri-Tech Producers, LLC, Diacarbon Energy Inc., Biochar Products, Inc., Phoenix Energy Group, BIOCHAR INNOVATIONS PTE LTD, Bioforcetech Corp., Airex Energy Inc., Aries Clean Technologies, May Animal Health and Wakefield Biochar.
Some highlights of the report
On June 18, 2021, Wakefield Biochar signed an agreement with a wholly-owned subsidiary of Vow ASA to develop an industry-scale green bio system at Wakefield’s facility in Valdosta, Georgia, USA . Drying equipment, biochar synthesis using patented Bio green technology, and conversion of CO2-neutral syngas into electricity for biomass drying are all part of 5.15’s turnkey systems. million that Vow will deliver and commission in 2022.
During the forecast period, the gasification segment is expected to register a rapid revenue growth rate as the adoption of gasification technology has increased significantly in response to the growing demand for power generation. Gasification technology is gaining popularity in industry due to reduced emissions and pollutants in the atmosphere.
North America market revenue is expected to register a faster growth rate than other regional markets throughout the forecast period due to increased demand for organic food. Biochar is increasingly being used in poultry farms to reduce odors generated by litter and ammonia. It absorbs liquids, gases and ammonia to eliminate odors. Furthermore, the increasing number of small and large manufacturing companies is expected to boost the market revenue growth to some extent.
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Emergen Research has segmented the global biochar market on the basis of technology, application, and region:
Technology Outlook (Revenue, USD Million; 2019-2030)
Application Outlook (Revenue, USD Million; 2019-2030)
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Regional Outlook (Revenue, USD Million; 2019-2030)
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
What questions should you ask before buying a market research report?
How is the Biochar market evolving?
What is driving and holding the Biochar market?
How will each Biochar submarket segment grow during the forecast period and how much revenue will these submarkets represent in 2030?
How will the market shares of each Biochar submarket grow from 2022 to 2030?
What will be the main driver of the global market from 2022 to 2030?
Will major biochar markets broadly follow macroeconomic dynamics, or will individual country markets outperform others?
How will the market shares of national markets evolve by 2030 and which geographical region will lead the market in 2030?
Who are the major players and what is their outlook over the forecast period?
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