The global biochar market is estimated to reach USD 3.23 billion by 2026 growing at a CAGR of 9.1% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Biochar Market Share, Size, Trends, & Industry Analysis Report, [By Technology (Gasification, Pyrolysis, Others), By Application (Agriculture {Livestock Farming, General Farming (Organic Farming, Inorganic Farming, Others)} Others), By Regions Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, pyrolysis technology segment dominated the market, in terms of revenue. In 2018, North America accounted for the majority share in the global market.
Biochar, a carbon rich product or a pyrogenic black carbon that has been attracting significant attention in both academic and political arenas. Much of the product’s attention is owing to its potential to mitigate the climate change, offer food security along with offering a solution for organic waste management.
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Biochar retains its potential to control/mitigate climate change owing to its inherent fixed carbon in the raw biomass, which would otherwise degrade to the greenhouse gases and sequestered within the soil for years. The product acts as tool for soil amendment owing to its beneficial impact on cation exchange that leads to higher water holding capacity and greater soil pH, and an affinity for macro and micro plant nutrients.
Although biochar applications have been increasing owing to its great agricultural and environmental contributions, there are also controversial restraining factors of the product. Cutting of timber, a major feedstock of biochar is the primary concern which might lead to complete deforestation and eventually threaten the food security. As this could compromise on the amount of rainfall useful for agriculture. Hence, to avoid this industry participants and government organizations are focused on producing it from saw dust, waste wood, rice husk, rice straw, empty bunches of fruit etc.
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Automotive Adhesive Resin Type Outlook (Revenue, USD Billion, 2015 – 2026)
The global biochar market is a moderately growing sector and numerous companies participate in the marketspace from different phase of the industry value chain. Some of the leading participants include BlackCarbon A/S , Biochar Industries, Swiss Biochar GmbH, Carbon Terra GmbH, Biochar Ireland, Sunriver Biochar, Pacific Biochar Benefit Corporation, Waste to Energy Solutions Inc., Airex Energy, Carbon Gold, Clean Fuels B.V., 3R ENVIRO TECH Group, Earth Systems PTY. LTD., ArSta Eco, Pacific Pyrolysis, Biochar Supreme, LLC, Phoenix Energy, The Biochar Company, Vega Biofuels, Inc., Cool Planet Energy Systems Inc., Biochar Products, Inc., Diacarbon Energy Inc., and Agri-Tech Producers, LLC.
Biochar Technology Type Outlook (Revenue, USD Billion, 2015 – 2026)
- Gasification
- Pyrolysis
- Others
Biochar Application Type Outlook (Revenue, USD Billion, 2015 – 2026)
- Agriculture
- Livestock Farming
- General Farming
- Organic Farming
- Inorganic Farming
- Others
- Others
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The global biochar market is estimated to reach USD 3.23 billion by 2026 growing at a CAGR of 9.1% during the forecast period, according to a new study published by Polaris Market Research.
Much of the product’s attention is owing to its potential to mitigate the climate change, offer food security along with offering a solution for organic waste management.Request for sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/biochar-market/request-for-sampleProduct application to soils has been gaining immense interest worldwide, owing to its potential to enhance soil capacity of nutrient retention and soil’s water holding capacity.
Moreover, this also helps in sustainable storage of carbon thereby reducing greenhouse gas emissions.However, commercialization of biochar as a soil additive is yet to achieve its full potential among its primary users, the farmers.
To make this happen, the industry participants manufacturing biochar are focused on arranging several programs in different geographical marketspaces to explicitly educate farmers.Farming methods including mixing the product with seeds and fertilizers, uniform mixing with soil, applying through no till systems deep banding of soil with plow, hoeing into ground, top-dressed, applying char and compost on raised beds.
These types of methods are promoted and increasing use of such methods among farmers will boost product application and henceforth its overall demand.Biochar retains its potential to control/mitigate climate change owing to its inherent fixed carbon in the raw biomass, which would otherwise degrade to the greenhouse gases and sequestered within the soil for years.
The product acts as tool for soil amendment owing to its beneficial impact on cation exchange that leads to higher water holding capacity and greater soil pH, and an affinity for macro and micro plant nutrients.Browse summary of this report with TOC @ https://www.polarismarketresearch.com/industry-analysis/biochar-marketAlthough biochar applications have been increasing owing to its great agricultural and environmental contributions, there are also controversial restraining factors of the product.
Climate Crisis Economics extracts the views regarding economics, political economy, and science to demonstrate it in front of the general public.
The sectors such as political, economic, and business emphasizing gear up the change to a decarbonized economical society
