The global biochar market is expected to reach USD 3.67 Billion by 2027, according to a new report by Reports and Data. It finds usage as a feed additive and is considered beneficial for the improvement of feed efficiency, animal health, and environment for livestock housing. Livestock rearing is providing better growth prospects for the use of biochar. Animals ranging from earthworms to chickens and cattle, among others, show great interest in food when biochar is added to it. In the European Union, around 90.0% of the biochar is used to feed livestock, and remaining is used in applications, including spreading on agricultural land with manure. A direct application of the product in poultry rearing is the reduction and elimination of odors produced from poultry litter, especially ammonia. The strong positive electric charge of ammonia makes it corrosive and harmful to breathe. This chocking gas is released by bird droppings, making the air toxic and unhealthy to living beings.
Growing demand for high crop yield is one of the significant factors influencing the market growth. The product allows farmers to increase their crop yield by boosting the productivity of the agricultural land, as well as can make an otherwise less productive land produce substantial yields. Biochar soil amendment improves crop productivity mainly by increasing nutrient use efficiency and water holding capacity.
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COVID-19 Impact
The COVID-19 pandemic is having a significant impact on the chemicals & materials industry. Demand for products such as biochar is suffering severe shocks across various end-use markets, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. The shortage of demand has fast-tracked the global chemical sector into an oversupply situation. Lack of free movement of the labor force required for the application of biochar on agricultural land and as animal feedstock in the is lacking, thereby hindering the growth of the market in the COVID-19 pandemic. Movement restrictions appear to be a direct and immediate effect, and once the compulsory social distancing ends, it is expected things would get back to normal conditions.
Top Companies Profiled in the Report: Diacarbon Energy Inc., Cool Planet Energy Systems Inc., Agri-Tech Producers LLC, Biochar Products Inc., Vega Biofuels Inc., Phoenix Energy, Pacific Pyrolysis, The Biochar Company, Clean Biofuels BV, and Biochar Supreme LLC, among others.
Regional Outlook
Asia Pacific as expected to continue as one of the largest and fastest growing Biochar market globally. The increasing manufacturing and export demand over the past decade has led several global leading companies to not only make huge investments in the region’s materials and chemical sector but also set up their own manufacturing base in the region to increase their presence in this emerging market.
Competitive Outlook:
This market report offer detailed view of import export scenario, recent developments, trade regulations, value chain optimization, production analysis, market share, analyses opportunities in terms of emerging revenue pockets, impact of domestic and localized market players, changes in market, trends, size, segment growth, application niches and dominance, product launches, product approvals, geographical expansions, technological innovations in the market.
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Global Biochar Market Segmentation:
Technology Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)
- Pyrolysis
- Gasification
- Others
Distribution Channel Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)
- Online
- Offline
Application Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)
- Livestock
- Farming
- Others
Regional Analysis covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Frequently asked questions addressed in the report:
- What is the projected growth rate of the global Biochar market over the forecast period?
- What are the latest trending factors influencing market growth?
- What are the major factors driving the growth of the Global Biochar Market?
- What are the risks and challenges existing in the industry?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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