Global Biochar Market: Market Driver and Restraint
Applications of Biochar are anticipated to create new business segments in the market. Biochar is in use for a broad range of Soil Conditioner products such as subsistence farming, direct soil amendment & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Biochar application is developed towards a more active mode.
Manufacturers are exploring the potential of Biochar in Fertilizer. Application of Biochar in charcoal-type product primarily used as a soil enhancement for the agricultural industry are gaining traction in the recent years. Recently, manufacturers have started using Biochar in the Others area. Further, there are also potential uses in the areas of significantly increase crop yields.
Global Biochar Market: Key Takeaways
· On the one hand, Biochar manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.
· Besides, they are trying to broaden the applications of Biochar such as subsistence farming.
· As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the coming 5 years.
Global Biochar Market: Forecast by Nature
This segment includes Wood Source Biochar, Corn Stove Source Biochar, etc. In terms of volume, Wood Source Biochar segment is expected to remain dominant in the global Biochar market.
Global Biochar Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. USA is the dominant market in the global Biochar market in terms of value. The USA Biochar market was estimated to be valued at US$ 173.58 Mn in 2017 and is expected to expand at a value CAGR of 14.9% over the forecast period. The Europe market is expected to expand at a robust rate of 19.0% in terms of revenue over the forecast period due to the steadily increasing production capacity for subsistence farming products in this region.
Global Biochar Market: Key Players
Diacarbon Energy, Agri-Tech Producers, Biochar Now, Carbon Gold, Kina, The Biochar Company, Swiss Biochar GmbH, ElementC6, BioChar Products, BlackCarbon, Cool Planet, Carbon Terra, Pacific Biochar, Vega Biofuels, Liaoning Jinhefu Group, Hubei Jinri Ecology-Energy, Nanjing Qinfeng Crop-straw Technology, etc. are the key vendors included in this report.
The market concentration of Biochar is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 40.00% of sales. Diacarbon Energy Chemical is by far the leader, followed by Agri-Tech Producers and Biochar Now. Key Vendors like Carbon Gold, Kina , and The Biochar Company, also play important part in regional market, so the market share in each region is quite different.
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