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Growing Demand For Biochar Market In Agriculture & Feedstock Industry
Biochar is charcoal or high-carbon, the fine-grained residue produced via pyrolysis. Biochar is used as a soil conditioner and fed to animals. Biochar is some stable solid rich in carbon and can abide in soil for thousands of years. Biochar Market offers multiple soil health benefits. It promotes good soil and plants health. Biochar reduces leaching of E-coli through sandy soils depending on application rate, feedstock, pyrolysis temperature (i.e. 300-700C), soil moisture content, soil texture, and surface properties of the bacteria. Biochar can improve yield for plants that require high potash and elevated pH.
Biochar can enhance water quality reduce soil emissions of greenhouse gases, nutrient leaching, soil acidity, irrigation and fertilizer requirements. Under certain circumstances, biochar induces plant systemic responses to foliar fungal diseases and improves plant responses to infections caused by soil-borne pathogens. These associated benefits of biochar bolstered the demand for biochar in the agriculture industry.
Biochar is charcoal or high-carbon, fine-grained residue produced via pyrolysis. It is used ...
... as a soil conditioner and animal feed ingredient. Biochar is a stable solid that can abide in soil for thousands of years. Biochar reduces the leaching of E. coli through sandy soils depending on its application rate, feedstock, and pyrolysis temperature (i.e., 300–700°C); moisture content and texture of soil; and surface properties of the bacterial cells. Biochar can improve yields for plants that require high potash and elevated pH. These benefits associated with biochar bolstered its demand in the agriculture & feedstock industry.
The Climate Hubs (the U.S Department of Agriculture) has established an online platform, 'The Pacific Northwest Biochar Atlas’, that helps users choose biochar to suit soil health goals. In addition, the Atlas provides details about the benefits of biochar, a dozen example operations implementing biochar across the region, and a map of biochar producers to simplify access for interested producers. These and other Atlas features help improve information exchange, continuing education, and biochar accessibility for the Northwest of farmers. Hence the agriculture industry’s demand for biochar and driving the global biochar market.
Some of the major key players operating in the global biochar market include
• Airex Énergie Inc.
• Genesis Industries
• Carbon Gold Ltd
• Black Owl Biochar
• Biochar Now, LLC
• Phoenix Energy
• American BioChar Company
• BioForceTech Corporation
• Ecoera
• Pyropower
The major players in the biochar market are focusing on strategies such as research and development and new product development to increase the geographical presence and consumer base globally.
Impact of COVID-19 Pandemic on Biochar Market
The COVID-19 pandemic has had a devastating impact on Latin America. A sharp decline in global and regional economic activities in 2020 strongly affected South American economies. Large percentage of national revenues in this region comes from international trade, and social restrictions in other countries hampered trade operations of Latin American countries. Moreover, demand and supply of raw materials from the rest of the world dropped in 2020. Trading partners had to postpone investment decisions. Th Economic Commission for Latin America and the Caribbean (ECLAC) reports that the value of exports and imports of goods in the region decreased by 17% from January to May 2020, compared to the same period in 2019. However, after COVID-19 outbreak, industries are gaining ground as the governments of various countries eased out the previously imposed restrictions. Thus, the increasing demand for biochar from various industries such as agriculture, animal feed, water treatment, oil and gas to combat the COVID-19 pandemic is anticipated to drive biochar market growth in the coming years.On February 12, 2021, Vale SA, a Brazilian miner, replaced mineral coal used to produce iron ore pellets with biochar derived from vegetation to reduce greenhouse gas emissions. Such innovative actions are likely to help the biochar market players to revive their businesses in the coming years.
Segmentation of Biochar Market:
Based on feedstock, the biochar market is segmented into woody biomass and agricultural waste, animal manure, and other feedstock. In terms of application, the market is segmented into electricity generation, agriculture, forestry, and others. Based on geography, the biochar market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).
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