San Francisco, 28 January 2019: The Report Biochar Market Size, Share & Trend Analysis By Technology (Pyrolysis,
Gasification, Others), By Application (Agriculture (Farming, Livestock) By
Region & Segment Forecasts, 2012 - 2025
The global biochar market is expected to reach USD 3,146.1 million by 2025,
according to a new report by Grand View Research, Inc. Globally increasing
consumption of organic food has been a major factor driving market growth. In
addition, growing awareness regarding the advantages of biochar as soil
amendment is further supplementing demand for the global market.
Biochar is an emerging industry and the
product is at its nascent stage. The product is expected to be a key factor for
increasing agricultural productivity and crop yield in the near future. Its
ability to enhance soil fertility and plant growth is expected to be a key
factor on account of growing global population and rising demand for organic
food. Agriculture was the largest product category in 2017 and is expected to grow
substantially over the forecast period. Farming was the major application
segment in agriculture with a share of over 51.8% in 2017.
Application in agriculture segment is
expected to observe the fastest growth over the next nine years with an
estimated CAGR of around 12.5% from 2018 to 2025. Biochar is primarily used in
agriculture to enhance soil fertility, improve plant growth, and provide crop
nutrition. As a result, it, improves the overall productivity. It has also
gained considerable popularity in livestock farming as an animal feed. The
livestock sector is extremely crucial for biochar, especially in regions such
as the North America and Europe where meat is important for human consumption.
Access Research Report of Biochar Market@ www.grandviewresearch.com/industry-analysis/biochar-market
Further key findings from the report suggest:
· The global demand stood 353.4 kilo tons in
2017 and is expected to grow at a CAGR of 12.2% from 2018 to 2025
· Agriculture emerged as the largest
application segment in 2017 and is estimated to generate revenue over USD
2,441.2 million by 2025
· Global demand in pyrolysis was USD 737
million in 2017 and is anticipated to witness staggered growth over the next
nine years
· The industry in Asia Pacific is projected
to witness substantial growth over the next decade owing to rising popularity
of organic farming and increasing application in animal feed.
· Key players including Diacarbon Energy Inc,
Vega Biofuels Inc. and Agri-Tech Producers, LLC have invested heavily in
gasification technology and are expected to expand their production facilities
over the forecast period. The market has also witnessed an increase in the
number of pyrolysis equipment manufacturing companies such as Earth Systems and
Clean Fuels B.V. In April 2014, Phoenix Energy announced construction of a
biomass gasification facility in California, in order to strengthen its
business presence.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the
global biochar market on the basis of technology, application and region:
Technology Outlook (Volume, Kilotons;
Revenue, USD Million, 2012 - 2025)
·
Pyrolysis
·
Gasification
·
Others
Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2012 - 2025)
·
Agriculture
·
Others
Regional Outlook (Volume, Kilotons;
Revenue, USD Million, 2012 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Biochar Market@ www.grandviewresearch.com/press-release/global-biochar-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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