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The global biochar market reached a valuation of US$ 8 Mn in 2020, which amounts to around 0.23% share of the overall charcoal market. Sales of biochar are slated to rise at a CAGR of 11% to top US$ 23 Mn by 2031. Demand for pyrolysis technology in biochar is set to increase at a CAGR of 10% across the assessment period of 2021 to 2031.<br><br>Biochar sales are primarily driven by its growing use as a charcoal alternative and widening applicability in electricity and power generation. Non-energy applications also remain a major booster to biochar sales.
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Global Biochar Market to Grow on the Back of Increasing Use of Fertilizers in the Agricultural Industry; Market to Grow with a CAGR of 13.93% During 2021-2030 Kenneth Research has released a report titled “Biochar Market: Global Demand Analysis & Opportunity Outlook 2030”which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID- 19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market. In one of the statistics by the World Bank, the availability of arable land decreased from 0.221 hectares per person in the year 2000 to 0.184 hectares per person in the year 2018. Download Free Sample Reports from Here - https://www.kennethresearch.com/sample-request-10352376 The statistics portray the growing concern amongst farmers for the lowering availability of arable land and the surge in need to increase their crop production volume at a limited space. As a result, the farmers are increasingly utilizing fertilizers to raise their produce, which is anticipated to drive the demand for biochar. In the agricultural fields, biochar is used to improve soil porosity, density and the texture of the soil. Besides this, the product also helps in increasing the water and nutrient holding capacity of
the soil. Such factors are therefore anticipated to drive the growth of the global biochar market in the coming years. The global biochar market is anticipated to grow with a CAGR 13.93% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 1130.2 Million by the end of 2030, up from a revenue of USD 309.8 Million in the year 2020. The market is segmented by technology into pyrolysis, gasification, batch pyrolysis kiln, cookstove, and others. The pyrolysis segment, out of all the other segments, is anticipated to garner the largest revenue of USD 817.0 Million by the end of 2030. Additionally, the segment registered a revenue of USD 211.6 Million in the year 2020. By region, the global biochar market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa, out of which, the market in Asia Pacific is anticipated to generate the largest revenue of USD 487.4 Million by the end of 2030. Additionally, in the year 2020, the market in the region registered a revenue of USD 131.5 Million. The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel,
GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report. However, the lack of awareness about the product in several nations, along with the rising concern for emission of methane and nitrous oxide during the manufacturing of the product are predicted to hinder the market growth in the coming years. This report also provides the existing competitive scenario of some of the key players of the global biochar market, which includes company profiling of Pyropower, ETIA S.A.S., Airex Energie Inc., ECOERA AB, Genesis Industries, ARSTA ECO PVT LTD, GREENBACK PTE LTD, Swiss Biochar Sarl, Iwamoto Inc., KANSAI CORPORATION, MEIWA CO., LTD., Biochar Supreme, LLC, Tesaki Seisakusho Co., Ltd., EkoBalans Fenix AB, and others. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Biochar Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global biochar industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global biochar market in the near future.
Request Report Sample https://www.kennethresearch.com/sample-request-10352376 Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Contact for more Info: AJ Daniel Email: sales@kennethresearch.com U.S. Phone: +1 313 462 0609
