Global Biochar Market Revenue to Expand at 14.8% CAGR owing to Progressive Research and Development Activities: Transparency Market Research

Albany, NY, July 20, 2015 (GLOBE NEWSWIRE) -- A new Transparency Market Research report states that the global biochar market revenue stood at US$229.3 million in 2013 and is predicted to reach US$572.3 million by 2020, expanding at a 14.8% CAGR between 2013 and 2020. Additionally, global commercial biochar production is projected to rise from 100 kilo tons to 300 kilo tons in the same timeframe, expanding at a 20.1% CAGR. The title of the report is "Global Biochar Market - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 - 2020".

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The global biochar maket is segmented on the basis of technology, application, feedstock, and geography. The technological segmentation is in terms of the equipment and process. The key biochar production processes are slow, fast, and intermediate pyrolysis, microwave and gasification pyrolysis. The equipment utilized in biochar production includes batch pyrolysis kiln, continuous pyrolysis kiln, gasifier, cook stove, and others including microwave pyrolysis and rotary kiln. The key types of feedstock utilized in biochar are biomass plantation, forestry waste, animal manure, and agricultural waste. Furthermore, on the basis of geography, the global biochar market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW).

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Though biochar is still a developing sector and is presently at a nascent stage, the global biochar market is anticipated to expand rapidly in the coming years because of its benefits to agriculture, such as high fertility and enhanced soil structure, along with other ecological advantages such as nutrient retention and stability. It also helps reduce greenhouse gas emissions.

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Biochar has a large number of uses in the procedure of soil amendment. Products based on biochar are helpful in the production of healthy humus utilized in the soil, biochar helps in maintaining the pH value of the soil. Some other advantages of biochar in soil amendment are raising the water retention capacity of soil, enhancing seed germination, and preventing insects and fungus from infecting the plants. Due to these benefits, the global market for biochar will develop expeditiously in the coming future.

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Furthermore, the biochar industry can also provide employment opportunities, coupled with enhanced quality of food, thereby improving the overall health of consumers. Biochar certification and standards programs, namely IBI Biochar certification, IBI Biochar Standards, Biochar Risk Assessment Framework (BARF), and European Biochar Certificate, are becoming popular all around the globe, which will ensure the long-term future of the biochar market.

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Prominent factors driving the biochar market include availability of cheap feedstock, potential for waste management, and the eco-friendly nature of biochar. Additionally, the progressive activities of research and development initiated by numerous universities and institutes all around the globe is further predicted to help the market.

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Nonetheless, the present technological unpredictability, absence of consumer awareness, monetary constraints, and strict regulations posed by several governments are some of the restraints impeding the growth of the global biochar market.

LLC, Biochar Products, Inc., Agri-Tech Producers, Cool Planet Energy Systems Inc, Diacarbon Energy Inc., Blackcarbon, and Genesis Industries are amongst the major players in the global biochar market.

The Global Biochar Market has been segmented as follows:

Biochar Market: Geographical Analysis

  • North America
  • Asia Pacific
  • Europe
  • Rest of World (RoW)

Biochar Market: Feedstock Analysis

  • Forestry Waste
  • Biomass Plantation
  • Agriculture Waste
  • Animal Manure

Biochar Market: Equipment/Technology Analysis

  • Continuous Pyrolysis Kiln
  • Gasifier & cookstove
  • Microwave Pyrolysis
  • Batch Pyrolysis Kiln

Biochar Market: Manufacturing Process Analysis

  • Fast & Intermediate Pyrolysis
  • Slow Pyrolysis
  • Gasification
  • Microwave Pyrolysis

Biochar Market: Application Analysis

Energy based

  • Sources for Power Plant
  • Electricity Generation

Non-Energy based

  • Carbon Sequestration
  • Forestry
  • Mine Reclamation
  • Gardening
  • Agriculture
  • Others

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