Biochar Market To Rise At 14.5% Thanks To Growing Demand For Organic Food

As reported by Transparency Market Research (TMR), the global biochar market features a highly competitive landscape with the presence of numerous market players striving to expand their revenue share. Prominent players in the biochar market include Full Circle Biochar, Genesis Industries LLC, Cool Planet Energy Systems, Earth Systems Bioenergy, and Agri-Tech Producers. These companies are emphasizing on investment in pyrolysis technology and diversifying product applications to gain a stronghold in the market.

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As projected by TMR analyst, the global biochar market is perceived to display a promising growth rising at 14.5% CAGR during the forecast period, which is 2017 to 2025. The market is expected to rise from the initial value of US$444.2 thousand to reach a valuation of US$14,751.8 thousand in 2025.

Based on feedstock, the global biochar market is segmented into animal manure, woody biomass, agricultural waste, and others. Of them, the woody biomass segment leads the market in terms of demand. It accounted for approximately 50% of the market’s demand in 2016 as it serves as one of the most significant soil amendment products.

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On the basis of geography, the global biochar market spreads across Asia Pacific, North America, Middle East and Africa, Europe, and Latin America. Among these, North America holds the highest market share in terms of both value and volume. This is on account of rising consumption of organic food and the awareness in the farming community regarding biochar.