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New York Ag News Headlines |
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Organic Food, Waste Management Drive Global Biochar Market
New York Ag Connection - 08/24/2017
Transparency Market Research, Albany, N.Y., has published a new report titled "Biochar (Feedstock: Woody Biomass, Agricultural Waste, Animal Manure, and Other Feedstock); Application: Electricity Generation, Agriculture, Forestry, and Other
Applications) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2025." According to the report, the global biochar market was valued at US$ 444.2 thousand in 2016 and is likely to reach US$ 14,751.8 thousand by 2025,
expanding at a CAGR of 14.5% between 2017 and 2025.
Biochar is a charcoal which is obtained by heating different waste products such as wood waste, agricultural waste, animal manure and forest waste. These waste products are used as feedstock for production of biochar. Biochar is produced mainly through
modern pyrolysis processes in which direct thermal decomposition of biomass waste in the absence of oxygen takes place resulting into biochar along with bio-oil and syngas. Biochar market can be segmented on the basis of the feedstock. On the basis of
feedstock it is segmented into woody biomass, agricultural waste, animal manure and others. Others segment includes, coconut, rice, sugarcane, cereals, corn, bamboo etc.
Growth in bio-fuel sector coupled with various government rules and regulations has been driving demand for global biochar market in the last few years. Environmental benefits and availability of cheaper feedstock is expected to drive the market. This trend is
expected to continue during the forecast period. However factors such as technological limitations and lack of consumer awareness can affect the market growth.
In terms of volume and value, wood biomass segment dominated the global biochar market covering nearly half of the market share of the global biochar market. Wood waste that is converted into biochar is used in soil amendment that helps in improving the
health and quality of soil. Biochar obtained is rich in high carbon content helps in carbon sequestration. Agricultural waste used for conversion of biochar has good magnetic strength and high surface area which helps in waste water treatment and polymer. Waste
obtained from animal accounts for very small market share. Biochar has wide range of application in agriculture, forestry, and electricity generation and also used as fertilizers. Rise in demand of soil amendment and carbon sequestration is expected to drive the
biochar market in the near future. Agriculture and forestry segment are anticipated to grow substantially in coming forecast period.
In terms of volume, North America accounted for significant share of biochar market in 2016. High growth in agriculture and forestry segment and large number of biochar manufacturers is anticipated to drive the biochar market in the near future. Demand for
biochar is stable in Europe and is projected to show significant growth in the coming forecast period. Exponential growth in the biofuel sector in Asia Pacific is projected to boost the demand for biochar in the near future. Middle East & Africa and Latin America
accounts for very small market share but is anticipated to show steady growth in the near future.
Major manufacturers operating in the global biochar market Pacific Pyrolysis Pty Ltd, Vega Biofuels Inc., Full Circle Biochar, Genesis Industries LLC, Diacarbon Energy Inc., Earth Systems Bioenergy, Agri-Tech Producers LLC, Pacific Biochar, Phoenix
Energy, Biochar Supreme LLC, CharGrow LLC, and Cool Planet Energy Systems.
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