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The global biochar market is driven by the rising consumption of the product in organic food production and its potential to enrich the soil by increasing its fertility and plant growth. The highest consumption of biochar was witnessed in North America. This significant growth is attributed to the rising demand for organic food and high meat consumption within the region. In the United States, the market is led by a growing number of production facilities and the availability of a tremendous amount of agricultural and forestry waste. Further, the Asia Pacific biochar market is expected to grow rapidly due to the developing agriculture sector in emerging economies, such as India and China. China is the world’s third-largest organic food-producing country. The use of biochar in farming owing to research initiatives in China is predicted to increase product awareness, consequently propelling the market growth.
The expanding retail channels of biochar is expected to boost the market growth. In July 2020, Aries Clean Energy, a company dealing in biochar, launched the retail sales for its product, Aries GREEN biochar. The Aries GREEN is a formulation of high carbon content biochar, which is used as an all-natural soil conditioner and agricultural soil amendment, a filtering agent, fuel, and a base material for the development of fabric, rubber, carpet, and carbon black. Aries GREEN Biochar is a byproduct of the Aries Clean Energy patented gasification process that provides several benefits to the soil. Further, the expanding online distribution channels like Amazon (NASDAQ: AMZN) for home garden and other heavy-duty uses are enhancing the market growth of biochar.
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Agri-Tech Producers, LLC, Diacarbon Energy Inc., Biochar Products, Inc., Cool Planet Energy Systems Inc., Vega Biofuels, Inc., The Biochar Company, and Phoenix Energy, among others, are the key players in the global biochar market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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