Global Biochar Market to be Driven by Increased Environmental Benefits it Offers

Published By : 30 Jun 2016 | Published By : QYRESEARCH

Biochar is a type of charcoal that is widely used as a soil amendment. Biochar is produced from biomass through the process of pyrolysis. The use of biochar products helps in neutralizing the soil and further maintains the pH value of it. In addition, it helps in producing healthy humus for the soil. It further helps in enhancing the resistance of soil to insects and fungus along with increasing the water holding capacity of soil. It also enhances the agricultural land, enhancing the productivity.  All these benefits are offered by biochar, owing to which the global market for biochar is expected to grow at a significant rate in the next few years. 

Some of the major applications of biochar are mentioned as below:

  • Mine reclamation
  • Forestry
  • Agriculture
  • Sources for power plant
  • Gardening
  • Carbon sequestration
  • Electricity generation
  • Others

The availability of cheaper feedstock and several environmental benefits are some of the prominent factors projected to bolster the growth of the global biochar market in the next few years. In addition, the waste management and food and water security potential are some of the other factors fuelling the growth of the overall market. However, several financial constraints, technological uncertainties, and lack of consumer awareness are some of the major factors expected to curtail the growth of the global biochar market in the next few years.

Increased Participation of Players to Boost Demand for Biochar Worldwide

Green Charcoal International, Blackcarbon A/S, Chargrow, Llc, Biochar Products, Genesis Industries, Llc, Pacific Pyrolysis Pty Ltd., Cool Planet Energy Systems, Inc., Phoenix Energy, The Biochar Company, Hawaii Biochar Products, Llc, Vega Biofuels, Inc., Diacarbon Energy, Inc., Agri-Tech Producers, Llc, and Earth Systems Pty Ltd. are some of the leading players operating in the biochar market across the globe.

The growing popularity of biochar across diverse industries is encouraging several players to participate in the global biochar market in the next few years. As a result, numerous prominent companies are spending an enormous amount on research and development activities in order to offer innovations and additional benefits to the consumers.

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