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ENERGY & POWER

Europe Biochar Market Segmentation By Process (Gasification, Pyrolysis, Hydrothermal Carbonization and Depolymerization); By Feedstock (Agricultural Waste, Forestry Waste and Animal Manure); By Carbon Content (Class I>60%, Class II>30% and Class III>10%) and by Application (Agriculture, Power Generation, Forestry, Personal Care, animal Husbandry and Others) – Industry Demand Analysis & Opportunity Assessment 2019-2028

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Extensive insights into the Growth of Europe Biochar Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • August 2018: Airex Energie Inc. announced that it has received approval for selling its BiocharFX product from the Canadian Food Inspection Agency for sale in Canada.

  • March 2019: 3R-BioPhosphate Kft announced that the company had planted ABC-BioPhosphate nutrient supported persimmon tree from Nagasaki in the University of Torino-Agroinnova, Italy, as a step towards enhancing Japanese -European friendship as well as for the wellbeing of the planet.

Market Overview

Increasing consumer spending capacity for agricultural purposes, coupled with the numerous benefits associated with biochar and the growing government support for organic farming methods are some of the key opportunities that are anticipated to promote towards the growth of the Europe biochar market. The ability of biochar to provide essential nutrients and maintaining the health of livestock has created several opportunities for its consumption in livestock farming, including poultry farming, cattle farming, and meat production. On the other hand, stringent regulations on the non-therapeutic use of antibiotics, particularly within the livestock sector, is anticipated to create significant adoption opportunities for biochar, as it serves to prevent infections and effectively conveys the growth and performance benefits when used as a feed additive or supplement. As several countries in Europe have high dependency on animal husbandry, such a factor is anticipated to create major revenue generation opportunities for the market players in recent times.

The Europe biochar market registered a value of USD 368.40 million in the year 2019 and is anticipated to achieve a CAGR of 14.38% during the forecast period, i.e. 2021-2028. Additionally, the market is expected to attain an incremental $ opportunity of USD 43.1 million in the year 2020 as compared to the previous year and further grow by 2.56x to gain an absolute $ opportunity of USD 720.77 million during the forecast period. The Europe biochar market is further anticipated to reach a value of USD 1182.42 million by the end of 2028.

Market Segmentation Synopsis

By Gasification

The Europe biochar market has been segmented on the basis of gasification into gasification, pyrolysis, hydrothermal carbonization and depolymerization. The pyrolysis segment registered the largest market share of 76.37% along with a value of USD 281.36 million in the year 2019 and is expected to gain an incremental $ opportunity of USD 33.83 million in the year 2020 as compared to the previous year. The pyrolysis gasification process is used for the thermal decomposition of organic materials at high temperature in the absence of oxygen. It is usually a very simple, and inexpensive method. As a result, this method is highly preferred in the biochar production. Additionally, this method reduces the waste going to the landfills and further reduces greenhouse gas emissions, which in turn is increasing its acceptance among the customers. Moreover, the high temperature used in the pyrolysis process enhances the production of biochar with highly developed surface area, high porosity as well as pH.

Europe Biochar Market Graph

Additionally, the pyrolysis segment in the Europe biochar market is further anticipated to gain an absolute $ opportunity of USD 572.51 million by growing at 2.6x during the forecast period. Further, the segment is also anticipated to grow by a CAGR of 14.72% during the forecast period. CLICK TO DOWNLOAD FREE SAMPLE

Market Drivers and Challenges

Growth Indicators

Increasing Applications of Biochar

Increasing consumer spending capacity and the growing health consciousness are some of the factors that are promoting the demand for organic food. In organic farming, biochar is widely used in soil amendment process to reduce pollutants and toxic elements, and to maintain moisture level, soil leeching, and fertilizer run off. Moreover, it is also used as a viable substitute for boosting soil’s carbon content, that eventually results in enhancing the soil fertility. Biochar is also used for livestock farming as it provides essential nutrients and maintains the health of livestock. It is also widely used in mixed farming, zero tillage farming, biodynamic agriculture, and water treatment processes, which is also anticipated to drive the growth of the Europe biochar market during the forecast period.

Increasing Government Initiatives

Implementation of stringent government initiatives is anticipated to contribute to the spreading awareness about biochar and its benefits among the end-users of biochar. International Biochar Initiative Organization supports the growth of the market by providing a building collaboration between market players, creating environmental and ethical standards, and finding a cost-effective system. Moreover, the EU Commission, which is the regulatory authority governing the biochar market, has made regulations related to the use of the product in agricultural production and waste management. Various new rules and regulations has been released by the EU commission regarding production and consumption of the product. As the product is still into the preliminary stage, there are huge opportunities for development of blended products to grow in future. Such factors are anticipated to drive the growth of the Europe biochar market in the coming years.

Barriers

Lack of Awareness for Biochar

Implementation of biochar systems requires a highly location-specific understanding of consumers and their needs, values, and expectations. According to the survey by GreenFacts, the lack of awareness of biochar and a need for education and demonstration projects, extra labour required to operate slash-and-char systems and gather dispersed feed-stock along with restricted availability of biochar production technologies and environmental concerns regarding changing resource use patterns are some of the factors anticipated to pose a high degree of threat for the Europe biochar market.

Competitive Landscape

Some of the affluent industry leaders in the Europe biochar market are 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.

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