Biochar Market Will Rise at a Phenomenal 14.80% CAGR From 2014 to 2020, Will Reach a Valuation of US$572.3 mn by 2020: Transparency Market Research

Nov 18, 2015, 09:30 ET from Transparency Market Research

ALBANY, New York, November 18, 2015 /PRNewswire/ --

Transparency Market Research has published a new report titled "Global Biochar Market - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 - 2020." According to TMR's projections, the biochar market will rise at a phenomenal 14.80% CAGR in the given period. If the projection holds true, the market will reach a valuation of US$572.3 mn by 2020, increasing from US$229.3 mn in 2013. By volume, the production of biochar is slated to increase from 100 kilo tons to 300 kilo tons during the same period, expanding at a CAGR of 20.10% between 2013 and 2014.

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Presently, the biochar sector is in its developmental stage and is yet to be utilized fully for worthwhile gains. However, the biochar market will expand rapidly in the coming years due to the environmental and agricultural productivity benefits associated with biochar, says the TMR report.According to several studies that have been carried out, biochar has high usability for agriculture due to its ability to enhance soil properties such as soil fertility, nutrient retention and stability, and increased soil biodiversity. In addition, the other benefits of biochar-based products for soil are production of healthy humus and maintenance of the soil pH level. Enhanced water retention, improved seed germination, and resistance to insects and fungi are the other benefits imparted by usage of biochar. These are directly related with boosted food security and reduced deforestation.

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Other than this, biochar is useful in carbon sequestration, because of which soil can hold carbon for thousands of years. Thus, the amount of carbon discharged in the environment is held back, which in turn benefits the planet due to reduced greenhouse gas emissions. Thus, in order to increase public awareness about the benefits of biochar, conferences and promotional campaigns are being organized, with the participation of farmers, scientists, industry stakeholders, manufacturers, and suppliers, which is expected to increase the commercial potential of biochar for the stakeholders.

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For biochar to receive acceptance to be used for commercial purposes, standards and certifications have been framed, such as IBI Biochar Standards, European Biochar Certificate, IBI Biochar certification, and Biochar Risk Assessment Framework (BARF). Companies and individual farmers that use biochar need to adhere to standards pertaining to the use of biochar in the region of use.However, the biochar market is facing limited growth due to a few reasons. In some parts of the world, technological insufficiencies, lack of consumer awareness, and financial constraints are restraining the biochar market's growth. Stringent regulations pertaining to the use of carbon compounds, especially in Europe, are further slowing the growth of this market. Nevertheless, biochar companies have understood the scalability and best available technology for maximum biochar production at the least cost. Hence, the global market for biochar will rise expeditiously in the future. The biochar market is segmented on the basis of technology, feedstock, application, and geography. By technology, equipment and processes are the segments of the market.

Other Upcoming Research Reports: 

1. China Biofuels Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 :

2.  Energy Harvesting and Energy Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020 :

The global biochar market has been segmented as below: 

Global Biochar market: By Geography 

  •     North America
  •     Europe
  •     Asia Pacific
  •     RoW

Global Biochar market: By Technology 

    1. By Process

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

    2. Equipment/ Technology

  • Continuous Pyrolysis Kiln
  • Batch Pyrolysis Kiln
  • Gasifier & Cook stove
  • Others (Rotary Kiln & Microwave Pyrolysis)

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Global Biochar market: By Feedstock 

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

Global Biochar market: By Application 

    1. Energy Based

  • Source for Power Plant.
  • Other Energy generation

    2. Non-Energy Based

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

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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