1. Market Research
  2. > Energy & Environment
  3. > Environmental Services Market Trends

Global Biochar Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insights by Application, Feedstock, Technology, Manufacturing Process

  • November 2015
  • 98 pages
  • P&S Market Research
Report ID: 3605413

Summary

Table of Contents

The biochar market is growing at a significant rate, due to increased government initiatives and stringent environmental regulations, improved soil fertility and crop yield, and natural carbon sequestration property of biochar. It is fundamentally a charcoal, which is used to increase the fertility of soil, and helps in increasing agricultural productivity, along with providing protection against soil borne diseases. It is obtained through the process of pyrolysis and carbonization. During the biomass pyrolysis process, it is produced as a by-product, and is efficient in improving fertility of soil, while providing natural carbon sequestration. It helps in retaining carbon in soil, and also acts as a soil enhancer. It is commonly sold in form of low cost biochar fertilizer complexes and small-sized bags, due to its high cost in the market. Biochar mixes are generally used in gardens, agriculture farms, and household application.

Global warming, which is a major concern across the globe, is the increase in the average surface temperature of earth, due to the emission of greenhouse gases, especially carbon dioxide. Several factors such as deforestation, forest fires and burning of fossil fuels, result in carbon dioxide emission in the atmosphere. Biochar helps in natural carbon sequestration i.e., it helps in carbon capture from atmosphere by natural means. It is one of the most inexpensive means of removing carbon from the atmosphere, also its production reduces the amount of carbon dioxide emission, as well as forms carbon sinks to capture atmospheric carbon. This factor is responsible for driving the growth of the global biochar market.

In 2015, the global forestry waste segment is estimated to hold the largest share among all the feedstock of the global market; and it is expected to grow with a CAGR of 16.6% during the forecast period. Based on application, the gardening segment is estimated to hold the largest market of 4,981.8 Tons (by volume) in 2015, and it is expected to reach 25,590.9 Tons by 2023, growing with a CAGR of 22.7% during the period 2015-2023.

Some of the major drivers fuelling the growth of the global market are improved soil fertility and crop yield, natural carbon sequestration property of biochar, increased government initiatives and stringent environmental regulations, and waste management potential. Biochar is used as an amendment to improve soil quality and crop yield, as it acts as a soil enhancer and makes soil more fertile. It is similar to the char produced from forest fires, which increases soil fertility, nutrient uptake and retention capabilities of the soil. However, forest fires contribute to environmental pollution, greenhouse gases emission, and deforestation. It offers better solution for this problem. It is produced during gasification and pyrolysis, i.e., the super heating and thermal conversion of biomass in limited oxygen at high temperatures in specially designed furnaces; hence limiting the emission of harmful gases. Hence, the improved soil fertility and crop yield by usage of biochar is driving the growth of the global market.

The global biochar market is estimated to be valued at $4.27 million in 2015, and it is expected to grow with a CAGR of 17.1% during 2015 - 2023. Geographically, the North American market is estimated to hold the largest share in the global market in 2015. The North American market is growing mainly due to increased demand for agricultural products and improved soil fertility and crop yield. The quality and texture of soil in North America is continuously degrading, due to the continuous usage of chemical fertilizers, deforestation, mining and aggressive agricultural practices. This has created a high negative impact on the productivity of agricultural products. Biochar reduces nitrogen leaching into ground water; moderates soil acidity; increases water retention capability of soil; and increases the number of beneficial soil microbes.

The key companies operating in the global biochar market include Biochar Products Inc., Diacarbon Energy Inc., Agri-Tech Producers LLC, Genesis Industries, Green Charcoal International, Vega Biofuels Inc., The Biochar Company, Cool Planet Energy Systems Inc., Full Circle Biochar, and Pacific Pyrolysis Pty Ltd.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Carbon Capture and Storage (CCS) - Global Market Outlook (2016-2022)

  • $ 4157
  • Industry report
  • May 2017
  • by Stratistics MRC

According to Stratistics MRC, the Global Carbon Capture and Storage market is expected to grow from $2.253 billion in 2016 to reach $4.205 billion by 2022 with a CAGR of 10.9%. Rising demand for Co2-EOR ...

Global Carbon Capture and Storage Market- Segmented by Type, Application, and Geography - Trends and Forecasts (2017 - 2022)

  • $ 4250
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

The global carbon capture and storage (CCS) market is expected to grow at a CAGR of xx% during the forecast period (2017 - 2022). The market was valued at USD X.X billion in 2015 and is projected to reach ...

The 2018-2023 World Outlook for Carbon Capture and Sequestration (CCS) Systems

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for carbon capture and sequestration (CCS) systems across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.