The Asia Pacific biochar market size is expected to reach USD worth USD 1.42 million in 2024 and reach USD 2.95 million by 2029, growing at a CAGR of 15.7% from 2024 to 2029.
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 increasing food demand and decreasing soil quality due to the excessive use of chemical fertilizers.
Biochar improves the quality of soil by the addition of rich nutrients and minerals. 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 that is used for other purposes. It prevents soil erosion and is water-absorbing.
The Asia Pacific Biochar market driving factors are the 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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
15.7%, |
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Segments Covered |
By Application, Technology, Manufacturing, Feedstock |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
India, China, Japan, South Korea, Australia, New Zealand, Thailand, and etc |
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Market Leaders Profiled |
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. |
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.
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