Biochar is a byproduct of charcoal and is obtained by thermal gasification or pyrolysis of charcoal. Biochar improves the soil quality thereby reducing green house gas emissions and also possesses the potential to make more attractive business for renewable energy, fueling the global market for biochar in the coming years. Moreover, biochar offers wide applicability for both energy and non-energy purposes. It is used as a feedstock in the power plants and also for electricity generation. The non-energy uses of biochar include its use for soil amendment, carbon sequestration, mine reclamation, adsorbents, agriculture, gardening and others.
The Major factor driving this market is the ability of biochar to increase soil fertility by carbon sequestration. Addition of biochar helps to maintain the soil carbon level and increase yields.
Certain benefits from engineered biochars in agriculture sector are as follows:
These factors have largely benefited the agricultural sector and have proved the value of biochar product. The improved fertility of soil has several benefits such as high rate of growth of plants, less use of fertilizer, less pollution from the fertilizer and cost savings by reduced fertilizers utilization. These features will encourage the farmers to use biochar and act as driver for the global biochar market. As the biochar production technology is in its early stages of development, there are certain associated issues such as biochar handling, biochar system deployment and feedstock procurement. Moreover, biochar is a flammable substance and there are certain public safety concerns for its handling. The opportunity associated with biochar lies with its environmental friendly characteristics such as carbon sequestration, water holding capacity and soil enhancement. Additionally, the biochar industry can also provide opportunity for employment and hence poverty alleviation, alongwith the provision of better quality food, thus ensuring better health of the consumers. .Further, the standard biochar system will act as an opportunity for the global biochar market as a standardized system can be used for different business segments such as agricultural or forest.
Some of the key players of the biochar market included in this report are: Agri-Tech Producers, LLC, Biochar Products, Inc., Cool Planet Energy Systems Inc, Blackcarbon, Diacarbon Energy Inc and Genesis Industries. The report provides an overview of the above mentioned companies followed by their SWOT analysis, financial overview, product portfolio, business strategies and recent developments. The report also provides the overview of current policies; standards and certification programs associated with the biochar industry alongwith the recommendations for stakeholders to ensure sustainable and profitable biochar market growth.
The report provides a thorough assessment of strategies followed by different stakeholders by segmenting the geothermal power generation market as below:
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