Biochar Market: Current Analysis and Forecast (2021-2027)

Report Description

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The Global Biochar is valued at around 165 bn in 2021 and is expected to grow at a CAGR of more than 12% during the forecast period (2021-2027). The Biochar market demand is increasing at propelling rate over the years and is expected to witness influential growth during the forecasted period as well. Factors that are positively accentuating its market size such as soaring energy demand has encouraged producers to search for the method to improve production and economies for oil wells. In addition, the production of oil requires energy to lift the fluids from the reservoir to the surface. Hence, escalating the market demand for the Biochar to increase reservoir pressure and encourage crude oil to the surface.

Moreover, in emerging economies production activities increasingly focus on mature oilfields, and new and innovative Biochar technologies combined with the latest techniques are leading the way to maximize production to enable operators to remain competitive accentuating the market demand for Biochar market in coming years as well. 

Biochar, Application, 2020

Airex Energy Inc., ArSta Eco Pvt Ltd., Biochar Supreme, Coaltec Energy USA, Farm2Energy Pvt. Ltd., Frontline BioEnergy LLC, KARR Group Co. (KGC), Pacific Biochar Corporation, Phoenix Energy, ProActive Agriculture. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

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Insights Presented in the Report

“Amongst Technology, pyrolysis segment holds the major share”

Based on technology, the biochar market is segmented into pyrolysis, gasification, and others. The pyrolysis segment caters to extensive market share in the biochar market and is expected to grow at an influential rate during the forecasted period. pyrolysis is among the most used method for producing biochar. Furthermore, it produces several other key components such as bio-oil and syngas that can be used as a prime energy source for power generation. Hence, these factors escalate the market size of biochar.

“Amongst Applications, soil amendment segment holds the major share”

Based on application, the biochar market is classified into soil amendment, animal feed, industrial, and others. The soil amendment segment caters to a considerable share of the biochar market and is expected to witness high growth during the forecasted period. The growth of this segment is primarily driven by the rising demand for organic fertilizers used in soil to enhance its natural rate of carbon sequestration and its quality.

“Asia Pacific represents one of the extensive market shares of global Biochar Market”

For a better understanding of the market dynamics of global drilling waste management. The Asia Pacific acquired an extensive market share in the Biochar market and is expected to grow at an extensive rate mainly owing to the presence of a large and developing agriculture sector in the region. Also, various R&D activities and government initiatives are expected to contribute to spreading awareness about biochar and its benefits among the farming community and would result in increased demand.

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Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Research Methodology

Research Methodology for the Global Biochar Market Analysis (2021-2027)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Biochar market were the three major steps undertaken to create and analyze the adoption of biochar in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Biochar market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Biochar market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Biochar market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as technology, application, and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Biochar market. Further, we conducted factor analysis using dependent and independent variables such as increasing the consumption of products in producing organic food and its ability to enhance soil fertility and plant growth. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Biochar market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Biochar market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of the Biochar market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Biochar market in terms of the category offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Biochar market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the technology, and application in the global Biochar market.

The main objective of the Global Biochar Market Study

The current & future market trends of the global Biochar market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Biochar market in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of technology and application.
• Define and analysis of the regulatory framework for the Biochar market industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Biochar market for the major region.
• Major regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the Biochar market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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