In a recent published report, Kenneth Research has updated the market report for Biochar Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Biochar Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
As per the latest report published by Variant Market Research, Global Biochar Market is estimated to reach $17,050 thousand by 2024; growing at a CAGR of 16.1% from 2016 to 2024. Biochar is carbon rich charcoal, an important soil amendment, which help to remove sand pollutants and all harmful elements from the soil. Biochar avoids soil leeching, fertilizer overflow and help to preserve the moisture level of the soil. Due to various initiatives taken by government to increase the awareness about biochar and stringent environment rules, it is expected to boost the growth of the biochar market in the forecasted period. Moreover, biochar has various applications such as gardening, agriculture, and household.
Major factors driving the global biochar market are natural carbon sequestration property of biochar, waste management potential, improved government initiatives, and stringent environment rules. However, high cost of biochar may hamper the market growth. Furthermore, rising biofuel sector would unfold with numerous growth opportunities in the forecasted year.
Major segments of the global biochar market are feedstock, technology, application, and geography. The feedstock segment comprises forestry waste, agriculture waste, biomass plantation, and animal manure. Moreover, by technology, the market is categorized as continuous pyrolysis kiln, microwave pyrolysis, gasifier and cookstove, batch pyrolysis kiln, and other technologies. Application segment comprises gardening, household, and agriculture.
Geographically, the global biochar market is categorized into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The major players competing in the market are Pacific Pyrolysis Pty Ltd, Vega Biofuels, Inc., Pacific Biochar, Cool Planet Energy Systems, Genesis Industries LLC, CharGrow, LLC, Diacarbon Energy Inc., Earth Systems Bioenergy, Biochar Supreme LLC, and Phoenix Energy, among others.
The key takeaways from the report
The report will provide detailed analysis of Biochar Market with respect to major segments such as feedstock, technology, and application
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Biochar Market has been included in the report
Profile of the key players in the Biochar Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Biochar Market
Feedstock Segments
Forestry Waste
Agriculture Waste
Biomass Plantation
Animal Manure
Technology Segments
Continuous Pyrolysis Kiln
Microwave Pyrolysis
Gasifier and Cookstove
Batch Pyrolysis Kiln
Other Technologies
Application Segments
Gardening
Household
Agriculture
Geography Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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