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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The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users. According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports.
Global Biochar Market was valued at USD 1.66 Billion in the year 2017. Global Biochar Market 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 Market share in 2017 and Europe is considered as the fastest growing Market in the forecasted period. At a country level, developed industries the U.S. holds a substantial Market share in 2017 and it is projected to grow at a gradual pace in the coming years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Major market players in Biochar Market 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.
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SWOT Analysis of Biochar Market:
Strength:
Growing demand for organic food
Improving agriculture yield
Weakness:
Lack of awareness
Requires large investments
Opportunities:
Driving economic growth and job creation
Sustainable production of biochar
Threats:
Barriers for technology producers due to lack of biochar related research
Environmental impacts of uncertified biochar
The Global Biochar Market is segmented on the basis of technology, by application and by region. On the basis of technology, the Market is segmented as pyrolysis, gasification, hydrothermal and others of which pyrolysis segment is expected to hold the highest Market share during the forecast period due to high carbon content and its stability.
Biochar Market Segmentation:
By Application
*Agriculture
*Water & Waste Water Treatment
*Others
By Technology
*Pyrolysis
*Gasification
*Hydrothermal
*Others
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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