In 2020, the global biochar market will be worth US$ 8 million, accounting for 0.23 percent of the total charcoal market. Biochar sales are expected to grow at an 11 percent compound annual growth rate (CAGR) to reach US$ 23 million by 2031. During the forecast period of 2021 to 2031, demand for pyrolysis technology in biochar is expected to grow at a CAGR of 10%.
Because it removes all harmful elements and sand pollution, biochar is an important component of soil amendment. By preventing fertiliser runoff, controlling and maintaining soil moisture, preventing soil leeching, and preventing soil erosion, biochar reduces the risk of soil erosion.
Key Segments Covered in Biochar Industry Research
- Hydrothermal Carbonization
- Woody Biomass
- Agricultural Waste
- Animal Manure
- Biochar for Agriculture
- Biochar for Animal Farming
- Biochar for Electricity Generation
Several biochar suppliers are currently leading the way, and they are continuing to focus their strategies on the development of cost-effective and energy-efficient variants.
Companies are likely to stick to advanced production techniques for a variety of economical substitutes for activated carbon applications, given that low-emission, low-cost biochar products have recently captured the attention of market participants.
Biochar application could also help reduce compost greenhouse gas (GHG) emissions and odours, as well as hydrogen sulphide sorption in wastewater treatment, according to industry stakeholders.
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