Global Biochar Industry was valued at USD 1.66 Billion in the year 2017. Global Biochar Industry is further estimated to grow at a CAGR of 9.44% from 2019 to reach USD 3.71 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Europe is considered as the fastest growing Industry in the forecasted period. At a country level, developed industries the U.S. holds a substantial Industry share in 2017 and it is projected to grow at a gradual pace in the coming years.
Major market players in Biochar Industry are Agri-Tech Producers LLC, Biochar Products, Inc., Cool Planet Energy Systems Inc., Diacarbon Energy Inc., The Biochar Company, Pacific Pyrolysis, Biochar Supreme LLC, Clean Fuels B.V, Biochar Ireland, Carbon Gold, and other brief information of 10 companies will be provided in the report. Rising research and development expenses to address the changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
SWOT Analysis of Biochar Industry:
Growing demand for organic food
Improving agriculture yield
Lack of awareness
Requires large investments
Driving economic growth and job creation
Sustainable production of biochar
Barriers for technology producers due to lack of biochar related research
Environmental impacts of uncertified biochar
The Global Biochar Industry is segmented on the basis of technology, by application and by region. On the basis of technology, the Industry is segmented as pyrolysis, gasification, hydrothermal and others of which pyrolysis segment is expected to hold the highest Industry share during the forecast period due to high carbon content and its stability.
Biochar Industry Segmentation:
• Water & Waste Water Treatment
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa