Biochar Market Size , Share , Trends , Analysis and Forecasts To 2022
Global Biochar market is accounted for $ 3303.8 million in 2015 and is expected to reach $ 923.56 million by 2022 growing at a CAGR of 15.8 %. The increasing government initiatives and stringent government regulations regarding the agriculture productivity had given rise to the market of Biochar . Carbon sequestration property , waste management potential and improved soil fertility & crop yield are some of the factors driving the market . However , financial barriers , technological constraints and lack of consumer awareness are the factors hampering the market .
Batch pyrolysis kiln segment is expected to witness rapid growth owing to high yield coupled with high carbon content and stability . It is one of prominent technology to produce high-quality product . Agriculture segment is accounted for the dominant share of the market due to increasing use of Biochar in the crop yielding process . North America is dominating the world owing to the growth in organic farming , followed by Europe .
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Some of the key players of the Biochar market include 3R ENVIRO TECH Group , Agri-Tech Producers , ARSTA Eco , Biochar Products , Inc ., Biochar Supreme LLC , Blackcarbon , Carbon Gold , Clean Fuels B . V ., Cool Planet Energy Systems Inc ., Diacarbon Energy Inc . , Earth Systems , Full Circle Biochar , Genesis Industries , Pacific Pyrolysis Pty Ltd . , Phoenix Energy , The Biochar Company and Vega Biofuels , Inc ..
Applications Covered :
Energy based Sources for Power Plant Electricity Generation
Non-Energy based Agriculture Carbon Sequestration Household Forestry Gardening Mine Reclamation Other Non-Energy based
Technologies Covered : Batch pyrolysis kiln Continuous pyrolysis kiln Gasifier and cookstove Microwave pyrolysis