The Asia Pacific Biochar Market was worth USD 0.38 million in 2018 and estimated to be growing at a CAGR of 15.7%, to reach USD 0.8 million by 2023. Biochar is a type of fine-grained charcoal rich in carbon and is procured by igniting organic mass in an oxygen free environment. It is mostly used as a soil additive as it enhances the soil quality which leads to larger growth of plants. The high CAGR of this market is due to and increasing food demand and decreasing soil quality due to excessive use of chemical fertilisers.
Biochar improves the quality of soil by the addition of rich nutrients and mineral. It offers advantages like absorbing carbon from the atmosphere. It can be used for absorbing greenhouse gas CO2 leading to global warming. It has nutrient retaining capacity from flowing water. While producing biochar, it generates energy which is used for other purposes. It prevents soil erosion and is water absorbing.
The Asia Pacific Biochar market driving factors are agricultural sector requiring more Biochar, rigorous environmental regulations, rising usage of biochar as food stock, rising demand for organic farming and its use as waste management material among others. A few setbacks that this market has are lack of awareness and its high price. However the awareness seems to improve rapidly.
The Asia-Pacific Biochar market is segmented by application into agriculture, gardening, households and others. Agriculture dominates the market having the largest market share of around 45% and is also the fastest growing segment. By technology, the market is divided into microwave pyrolysis, continuous pyrolysis, batch pyrolysis kiln, gasifier, hydrothermal, cook stove and others. By manufacturing the market is segmented into gasification, pyrolysis and others. Biochar is mostly produced by pyrolysis, hence it has the largest market share in this segment. By feedstock the market is divided into agricultural waste, forestry waste, animal manure and biomass plantations.
The Asia-Pacific market for Biochar is geographically segmented into India, China, Thailand and rest of Asia. Asia-Pacific is the fastest growing region in the world and the third largest in terms of share. China is the leading market in this region and is the third largest producer of Biochar.
Some of the major companies dominating the Asia-Pacific Biochar market are Biochar Products Inc., Diacarbon Energy Inc., Agri-Tech Producers LLC, Genesis Industries, Green Charcoal International, Vega Biofuels Inc., The Biochar Company, Cool Planet Energy Systems Inc., Full Circle Biochar, and Pacific Pyrolysis Pty Ltd.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Application
5.1.1 Agriculture
5.1.2 Gardening
5.1.3 Household
5.1.4 Other applications
5.1.5 Y-o-Y Growth Analysis, By Application
5.1.6 Market Attractiveness Analysis, By Application
5.1.7 Market Share Analysis, By Application
5.2 Technology
5.2.1 Microwave Pyrolysis
5.2.2 Continuous Pyrolysis
5.2.3 Batch Pyrolysis Kiln
5.2.4 Gasifier
5.2.5 Hydrothermal
5.2.6 Cookstove
5.2.7 Y-o-Y Growth Analysis, By Technology
5.2.8 Market Attractiveness Analysis, By Technology
5.2.9 Market Share Analysis, By Technology
5.3 Feedstock
5.3.1 Agricultural Waste
5.3.2 Forestry Waste
5.3.3 Animal Manure
5.3.4 Biomass Plantations
5.3.5 Y-o-Y Growth Analysis, By Feedstock
5.3.6 Market Attractiveness Analysis, By Feedstock
5.3.7 Market Share Analysis, By Feedstock
5.4 Manufacturing
5.4.1 Gasification
5.4.2 Pyrolysis
5.4.3 Other manufacturing
5.4.4 Y-o-Y Growth Analysis, By Manufacturing
5.4.5 Market Attractiveness Analysis, By Manufacturing
5.4.6 Market Share Analysis, By Manufacturing
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Agriculture
6.1.3.2 By Technology
6.1.3.3 By Feedstock
6.1.3.4 By Manufacturing
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Agriculture
6.1.4.2 By Technology
6.1.4.3 By Feedstock
6.1.4.4 By Manufacturing
6.1.5 Market Share Analysis
6.1.5.1 By Agriculture
6.1.5.2 By Technology
6.1.5.3 By Feedstock
6.1.5.4 By Manufacturing
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Biochar Products Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Diacarbon Energy Inc.
8.3 Agri-Tech Producers LLC
8.4 Genesis Industries
8.5 Green Charcoal International
8.6 Vega Biofuels Inc.
8.7 The Biochar Company
8.8 Cool Planet Energy Systems Inc.
8.9 Full Circle Biochar
8.10 Pacific Pyrolysis Pty Ltd
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
