Research Nester has released a report titled “Europe Biochar Market – Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the Europe biochar market in terms of market segmentation by process, feedstock, carbon content and by application.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The Europe biochar market is segmented by gasification into gasification, pyrolysis, hydrothermal carbonization and depolymerization, out of which, the pyrolysis segment registered the largest market share of 76.37% in the year 2019 and is anticipated to grow by a CAGR of 14.72% during the forecast period, i.e. 2021-2028. The segment is expected to gain an incremental $ opportunity of USD 33.83 million in the year 2020 as compared to the previous year and further gain an absolute $ opportunity of USD 572.51 million by growing at 2.6x during the forecast period.
The Europe biochar market is anticipated to achieve a CAGR of 14.38% during the forecast period owing to the growing government support for organic farming methods, numerous benefits associated with biochar and increasing consumer spending capacity for agricultural purposes. The Europe biochar market is anticipated to reach a value of USD 1182.42 million by the end of 2028 from a value of USD 368.40 million in the year 2019. Additionally, the market is expected to attain an absolute $ opportunity of USD 720.77 million by growing at 2.56x during the forecast period. The Europe biochar market is also expected to attain an incremental $ opportunity of USD 43.1 million in the year 2020 as compared to the previous year.
Increasing Applications of Biochar
There is a rising demand for organic food on the back of the growing health consciousness and increasing consumer spending capacity. Several beneficial properties associated with biochar makes it a preferred choice amongst the end users for a variety of end use purposes, ranging from livestock farming, organic farming, water treatment purposes, enhancing soil fertility and others. Biochar also finds massive utilization in mixed farming, zero tillage farming and biodynamic agriculture methods, which is anticipated to drive the growth of the Europe biochar market during the forecast period. On the other hand, increasing favorable government initiatives for the use of biochar, along with the rising awareness for the numerous benefits associated with biochar among the end users are some of the additional factors anticipated to drive the growth of the Europe biochar market in the coming years.
However, concerns regarding the lack of awareness for the use of biochar amongst the mass population, and the high cost of biochar are some of the factors anticipated to hinder the market growth.
This report also provides the existing competitive scenario of some of the key players of the Europe biochar market, which includes company profiling of Airex Energie Inc., 3R-BioPhosphate Kft, Genesis Industries, Green Charcoal International, BlackCarbon A/S, Swiss-Biochar GmbH, DEMIO Holding, Carbon Gold Ltd., ETIA S.A.S., and EoSol Design SRL. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Europe biochar market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.