The growing demand for organic products is expected to drive the growth of the organic products market, which are used in different sectors. Biochar is one of the organic products, which have gained popularity in the recent years. The global biochar market is witnessing growth, due to environmental awareness, availability of cheaper feedstock, cohesive government policies and waste management potential. In addition, the increasing number of biochar manufacturers is also responsible for driving the growth of the global biochar market. In the current scenario, there are around 148 companies operating in biochar. The major factor behind the increasing number of manufacturers in the biochar segment is the positive prospects of biochar market in near future due to the useful properties associated with biochar. Apart from soil enhancer, biochar is also used to handle agricultural waste.
Moreover, recent studies also state that biochar is the most efficient solution for the management of the manure from birds and farm animals. Due to its useful properties, the governments in various countries are also encouraging biochar usage by friendly government policies. Carbon sequestration, soil enhancement and water holding capacity are some of the environmental friendly properties associated with biochar, which acts as a growth opportunity for the global biochar market. However, a financial constraint, lack of consumer awareness, technological uncertainty, and stringent government regulation in Europe is expected to hamper the growth of the global biochar market.
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Biochar is fundamentally a charcoal used to increase the fertility of soil, which helps to increase the agricultural productivity and provide protection against soil borne diseases. Biochar is obtained through the process of pyrolysis and carbonization. During the biomass pyrolysis process, biochar is produced as a by-product and is efficient in improving fertility of soil, while providing natural carbon sequestration. Biochar helps in keeping the carbon present in the soil, and also acts as a soil enhancer. Biochar is commonly sold in form of low cost biochar fertilizer complexes and small-sized bags, due to its high cost in the market. Biochar mixes are generally used in gardens, agriculture farms and household application.
The global biochar market can be segmented on the basis of feedstock, manufacturing process, technology and application.
Geographically, North America is the largest market for biochar, followed by Asia-Pacific and Europe. During the forecast period, the Asia-Pacific biochar market is expected to grow with the fastest rate.
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Some of the major competitors in the global biochar market include Blackcarbon A/S, Agri-Tech Producers LLC, Biochar Products, Diacarbon Energy Inc., Chargrow LLC, Genesis Industries, Green Charcoal International, Earth Systems Pty. Ltd., Phoenix Energy, Vega Biofuels Inc., The Biochar Company, Hawaii Biochar Products LLC, Pacific Pyrolysis Pty. Ltd., Microbeix Pty. Ltd., Takesumi Ltd., Cool Planet Energy Systems, and Full Circle Biochar.
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