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Published Date: 2017-08-22Number of Pages: 177

Biochar Market (Feedstock - Woody Biomass, Agricultural Waste, and Animal Manure; Application - Electricity Generation, Agriculture, and Forestry) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Biochar Market: Snapshot

Incrementing from its evaluated worth of US$444.2 thousand in 2016, the global biochar market is projected to experience a CAGR of 14.5% during the forecast period of 2017 to 2025 and reach a valuation of US$14,751.8 thousand by 2025. Some of the key factors driving the demand in the global biochar market are: rising demand for organic food, growing application in soil enhancement, benefits pertaining to waste management, stringent government regulatory for soil preservation, investment in the bio-fuels sector, and increasing environmental concerns. Conversely, lack of consumer awareness and higher cost as opposed to chemical alternatives are a few challenges faced by the global biochar market.
 

global biochar market

 

Agriculture Sector and Waste Management Leading Application Segments

Based on feedstock used for the production, the global biochar market has been segmented into woody biomass, agricultural waste, animal manure and others, including rice, coconut, sugarcane, corn, cereals, and bamboo. In 2016, wood biomass segment accounted for nearly the half of the overall demand in the global biochar market. Wood waste that is converted into biochar is used as valuable soil amendment product. Improving the health and quality of soil is a high priority in forestry, agriculture, and gardening. Biochar is not only economical, but is also ecofriendly.  It improves the soil fertility as well as increases nutrient and water retention and reduces soil acidity.

The global biochar market gains second most prominent demand in terms of feedstock used for production from agricultural waste. Referred as magnetic biochar, as it exhibits good magnetic property with high surface area and significant morphology, these products have wide application as an adsorbent in wastewater treatment and polymer. Animal based manure constitutes very small market share as feedstock on the global biochar market. Depending upon its properties, biochar has various soil benefits including soil carbon sequestration and enhancement, increases water holding capacity, enhances cation exchange capacity, crop nutrient etc. Application-wise, the global biochar market has been categorized into agriculture, forestry, electricity generation, and climate change mitigation. In 2016, agriculture was the leading consumer of biochar, reflecting its growing usage for soil amendment and carbon sequestration in the agricultural sector.

Asia Pacific Projected for Most Impressive Growth Rate

Geographically, every important region has been evaluated for its potential for biochar market, including North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America. In terms of volume and value, North America serves the maximum demand in the global biochar market, accounting for more than 50% share of the global biochar market in 2016. Increasing demand of soil amendment and carbon sequestration has been detected as the major factors driving the North America biochar market in the recent past. Demand for biochar is stable in Europe and is projected to show significant growth in the coming forecast period. Exponential growth in the biofuel sector in Asia Pacific is projected to boost the demand for biochar in the near future. Emerging economies such as India, China, and Japan are expected to have major market share in the coming forecast period. Large number of biochar producers are from China and Japan, which makes biochar inexpensive for them as compared to other countries. Latin America is anticipated to provide growth to biochar market in the next few years. Middle East & Africa is expected to boost the biochar market at a steady rate in the coming future.

Genesis Industries LLC, Vega Biofuels, Inc., Phoenix Energy, Full Circle Biochar, Pacific Biochar, Diacarbon Energy Inc., Earth Systems Bioenergy, Pacific Pyrolysis Pty Ltd, Agri-Tech Producers, LLC, Biochar Supreme LLC, CharGrow, LLC, and Cool Planet Energy Systems are some of the prominent companies currently functional in the global biochar market.

Global Biochar Market: Overview

Biochar is a charcoal which is obtained by heating different waste products such as wood waste, agricultural waste, animal manure and forest waste. These waste products are used as feedstock for production of biochar. Biochar is produced mainly through modern pyrolysis processes in which direct thermal decomposition of biomass waste in the absence of oxygen, resulting into biochar along with bio-oil and syngas. Biochar obtained is rich in carbon content and is fine grained residue. Biochar can also be obtained using different technologies such as gasification, microwave pyrolysis, etc.

The report estimates and forecasts the biochar market on the global, regional, and country levels. The study provides forecast between 2017 and 2025 based on volume (Tons) and revenue (US$ Thousand) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the biochar market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the biochar market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of biochar and global average price trend analysis.

Global Biochar Market: Key Research Aspects

The report includes Porter’s Five Forces Model to determine the degree of competition in the biochar market. It comprises qualitative write-up on market attractiveness analysis, wherein end-users and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for biochar between 2017 and 2025.

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

Global Biochar Market: Segmentation

The study provides comprehensive view of the biochar market by dividing it into feedstock, application and geography. The biochar market has been segmented into woody biomass, agricultural waste, animal manure, and others. Application segments electricity generation, agriculture, forestry and others have been analyzed based on historic, present, and future trends.

Regional segmentation includes the current and forecast demand for biochar in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for end-user segments. Key countries such as the U.S., France, Germany, Italy, the U.K., China, India, Japan, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual end-users in all the regions and countries.

Global Biochar Market: Competitive Landscape

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Major players profiled in the report Pacific Pyrolysis Pty Ltd, Vega Biofuels, Inc., Full Circle Biochar, Genesis Industries LLC, Diacarbonn Energy Inc., Earth Systems Bioenergy, Agri-Tech Producers, LLC  , Pacific Biochar, Phoenix Energy, Biochar Supreme LLC, CharGrow, LLC, Cool Planet Energy Systems. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

The global Biochar market has been segmented as follows:

Global Biochar Market – Feedstock Type Analysis

  • Woody Biomass
  • Agricultural Waste
  • Animal Manure
  • Others

Global Biochar Market – Application Analysis

  • Electricity Generation
  • Agriculture
  • Forestry
  • Others

Global Biochar Market – Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • GCC
    • Rest of Middle East & Africa
  • Latin America
    •  Mexico
    • Brazil
    • Rest of Latin America


 
 
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