The global Biochar Market size was valued at USD 1 billion in 2021 and is projected to reach USD 2.29 billion by 2028, growing at a CAGR of 12.6% from 2022 to 2028.the analysis period 2023-2030
Soil is the main source and an abode for many nutrients and microflora that are required for the growth of crops. Ever-increasing population and excessive addition of chemical fertilizers have resulted in rapid depletion of agricultural areas and soil quality thus, promoting the need for sustainable approaches in agricultural crop production. Several studies have reported that crop growth and yield are significantly increased by using biochar. Biochar is carbonized biomass that is obtained from sustainable raw materials and sequestered in soils to enhance their beneficial agricultural and environmental value under present and future management.
Key Players Covered In The Biochar Market Are:
Oregon Biochar Solutions,American Biochar Company,Aries Clean Energy LLC,ArSta eco Pvt. Ltd.,Avello Bioenergy Inc.,Biochar Supreme LLC,Carbon Gold Ltd.,Karr Group,Restoration Bioproducts,NetZero,Pacific Biochar Benefit Corporation,Phoenix energy systems Inc.,Vow ASA,Swiss Biochar GmbH, And Other Major Players
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Introspective Market Research report presents detailed analysis on the Biochar Market consumption trends by globally, historic and forecast consumption volumes and values at market and category level. It also provides indispensable data on brand share, distribution channels, profiles of companies active in the Biochar Market along with latest industry news, in addition to mergers and acquisitions. This allows domestic and foreign companies to identify the market dynamics to account sales overall and to know which categories and segments are showing growth in the coming years.
Market Segmentation
By Feedstock, Biochar has been segmented into:
- Woody Biomass
- Agricultural Waste
- Animal Manure
- Other Feedstocks
By Application, Biochar has been segmented into:
- Agriculture
- Animal Farming
- Electricity Generation
- Other Applications
Global Biochar Segmented By Region:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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COVID-19 Impacts Biochar
With the outbreak of the COVID-19 pandemic, the usage of Personal protective equipment (PPE) increased rapidly to curb the spread of the virus. The pandemic had an impact on the manufacture, usage, disposal, and recycling of plastic products. Plastics are used to make disposable PPE (such as face masks, gloves, gowns, eye protection, and filtering facepiece respirators). Countries across the globe made wearing a face mask or a face covering in public places mandatory. Since the outbreak of COVID-19, it is estimated that 1.6 million tons of plastic waste have been generated per day worldwide. This equates to 75 kg of plastic waste generated per person per year. During the peak infection period, it is estimated that 129 billion face masks and 65 billion gloves were used globally.
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