London, June 01, 2023 (GLOBE NEWSWIRE) -- With the unprecedented rise in worldwide energy needs, sustainable energy sources have captured the limelight in the power generation industry. Biochar that is extensively used in renewable energy generation is thus witnessing strong growth in demand. The potential eligibility of biochar-to-soil projects as investments in carbon credit trading further broadens the applicability of biochar in the futuristic sustainable world. A recent study conducted by Fairfield Market Research finds that the accelerating biochar consumption for soil remediation and improvement will underpin rapid progress of the global biochar market in the years to come. Growing preference as a natural, sustainable crop nutrition product will keep the biochar sales afloat, says the report.
Biochar’s exceptional potential of creating effective carbon sinks in urban areas upon addition to urban soils will attract a continuous stream of opportunities in future, foresees the report. “While several governments from across the globe have been highly supportive of the adoption of eco-friendly products, there continues to be a constant potential risk of soil erosion and contamination that will remain a long-term challenge in front of the participants,” says the company analyst.
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Insights into Segmentation Analysis
Based on the market analysis by application, the soil amendment segment showcased prominence in 2022 and will most likely retain the leading position in the biochar market through the end of forecast year. With an increasing number of governments developing interest in biochar utilization to overcome challenges related to soil fertility, this segment is likely to be at the forefront. Growing investments in enhancement of soil fertility, and rising efforts in the form of soil amendment initiatives are expected to account for continued dominance of the soil amendment segment in the biochar market. In terms of the production technology, the pyrolysis segment is poised to remain the most significant with the largest share of the total market revenue.
Insights into Regional Analysis
North America as suggested by the preliminary research findings is the spearheading region in the global biochar market space. The report clearly attributes this prominence to the highest demand for organic agricultural produce. The region, especially the US has been at the forefront of both production and consumption of organic foods. Moreover, being one of the world’s top agricultural exporters, the US is likely to generate notable demand for biochar in long term, in turn fostering the top positioning of North America’s biochar market.
China is also one of the leaders in agricultural production, registering sizeable biochar consumption. The research further indicates Europe as an important market as well. Led by Germany, Europe’s biochar market is expected to contribute a notable share to the global market revenue. Nearly half the German land is agricultural, especially for grain crops like wheat, rye, and barley. The country has been successfully operating multiple biochar practicing projects eying potential application in soil amendment, textile decarbonization, sustainable building materials, and water treatment.
Key Industry Players
Biochar Solutions, Inc., BioChar Now, Agrinova, Green State Biochar, Phoenix Energy, Bella Biochar Corporation, Tolero Energy LLC, BC Biocarbon LTD, Carbofex, CenUSA Bioenergy, Clean Maine Carbon, Circular Carbon Ltd., Cool Planet, LLC, Wakefield Biochar, Novocarbo GMBH
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Table of Content
1. Executive Summary
1.1. Global Biochar Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.6. Government Regulations
2.7. Global Charcoal Market – Overview
2.8. Upcoming Projects
2.9. Economic Analysis
2.10. PESTLE Analysis
3. Production Output Analysis, 2019 - 2022
3.1. Biochar Supply-Demand Analysis
3.2. Regional Production Statistics
4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Region
5. Global Biochar Market Outlook, 2019 - 2030
5.1. Global Biochar Market Outlook, by Technology, Volume (Tons) and Value (US$ Mn), 2019 - 2030
5.2. Global Biochar Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
5.3. Global Biochar Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2019 – 2030
6. North America Biochar Market Outlook, 2019 - 2030
6.1. North America Biochar Market Outlook, by Technology, Volume (Tons) and Value (US$ Mn), 2019 - 2030
6.2. North America Biochar Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
6.3. North America Biochar Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
7. Europe Biochar Market Outlook, 2019 - 2030
7.1. Europe Biochar Market Outlook, by Technology, Volume (Tons) and Value (US$ Mn), 2019 - 2030
7.2. Europe Biochar Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
7.3. Europe Biochar Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 – 2030
8. Asia Pacific Biochar Market Outlook, 2019 - 2030
8.1. Asia Pacific Biochar Market Outlook, by Technology, Volume (Tons) and Value (US$ Mn), 2019 - 2030
8.2. Asia Pacific Biochar Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
8.3. Asia Pacific Biochar Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
9. Latin America Biochar Market Outlook, 2019 - 2030
9.1. Latin America Biochar Market Outlook, by Technology, Volume (Tons) and Value (US$ Mn), 2019 - 2030
9.2. Latin America Biochar Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
9.3. Latin America Biochar Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
10. Middle East & Africa Biochar Market Outlook, 2019 - 2030
10.1. Middle East & Africa Biochar Market Outlook, by Technology, Volume (Tons) and Value (US$ Mn), 2019 - 2030
10.2. Middle East & Africa Biochar Market Outlook, by Application, Volume (Tons) and Value (US$ Mn), 2019 - 2030
10.3. Middle East & Africa Biochar Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2019 - 2030
11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Production Footprint Analysis
11.4. Company Profiles
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations
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