Product ID: SQMIG15C2016
Global Biochar Market Size, Share, Growth Analysis, By Feedstock(Woody Biomass, Agricultural Waste), By Technology(Pyrolysis, Gasification), By Application(Electricity Generation, Agriculture) - Industry Forecast 2024-2031
Report ID:
SQMIG15C2016 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
75
Global Biochar Market Dynamics
Biochar Market Driver
- Players are developing novel initiatives to hold their market position and to create awareness among people to use biochar. In 2019, an NGO called African Soils launched an initiative to raise awareness among the natives regarding the benefits of biochar. Companies such as Phoenix Energy, Pacific Pyrolysis, 3R ENVIRO Tech Group, and Cool Plant Power Systems Inc. are providing pyrolysis technology to produce energy solutions. Through this, they intend to gain a competitive advantage.
- Factors such as increasing demand for organic food, health consciousness, and increased consumer spending capacity are assisting this sector to grow exponentially in the coming years. Traditional farming, on the other hand, is still practiced in many rural regions because it produces a higher yield. With supportive initiatives from the government and commercial organizations, the use of biochar in mixed farming, zero tillage farming, and biodynamic agriculture would see rapid growth.
Biochar Market Restraint
- Biomass is used as the feedstock in the pyrolysis reactor, which has a set heating and gas flow rate, residence duration, and temperature. Following that, biochar can be created. There are certain byproducts of this process, such as gas and bio-oil. However, when biochar is applied to agricultural land, several prior research identified the following drawbacks: loss of land due to erosion, soil compaction during the application, risk of contamination, removal of crop residues, and reduction in worm life rates, These factors are creating a negative impact on the environment and could affect the market in the forecasted year.
Global Biochar Market Report Snapshots
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