According to a new report by Expert Market Research titled, ‘Global Biochar Market Report and Forecast 2020-2025’, the global biochar market size was valued at USD 1.67 billion in 2019. The market is further expected to reach USD 3.24 billion by 2025.
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The global biochar market is driven by the rising consumption of the product in organic food production and its potential to enrich the soil by increasing its fertility and plant growth. The highest consumption of biochar was witnessed in North America. This significant growth is attributed to the rising demand for organic food and high meat consumption within the region. In the United States, the market is led by a growing number of production facilities and the availability of a tremendous amount of agricultural and forestry waste. Further, the Asia Pacific biochar market is expected to grow rapidly due to the developing agriculture sector in emerging economies, such as India and China. China is the world’s third-largest organic food-producing country. The use of biochar in farming owing to research initiatives in China is predicted to increase product awareness, consequently propelling the market growth.
Read full report summary with Table of Contents– https://www.expertmarketresearch.com/reports/biochar-market
Market Breakup by Technology:
- Pyrolysis
- Gasification
- Others
Market Breakup by Application:
- Agriculture
- Household
- Others
Market Breakup by Region:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
- Agri-Tech Producers, LLC
- Diacarbon Energy Inc.
- Biochar Products, Inc.
- Cool Planet Energy Systems Inc.
- Vega Biofuels, Inc.
- The Biochar Company
- Phoenix Energy (TSE: PHX)
- Others
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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