The Latin America Biochar Market was worth USD 0.18 billion in 2018 and estimated to be growing at a CAGR of 13.7%, to reach USD 0.35 billion by 2023. Biochar is a type of charcoal, fine-grained and is rich in carbon. It is obtained when biomass is heated in the absence of oxygen. Used as a soil additive, it increases the quality of soil leading to rich crop growth. The growth is high in this market since excessive chemical fertilisers are used and increasing food demand.
Biochar enhances the soil quality by the addition of rich minerals and nutrients. It also offers other advantages like retaining carbon from the atmosphere. It can be used as a solution for absorbing the greenhouse gas CO2 responsible for global warming. It can retain nutrients from percolating water into soil. While biochar is produced, it creates energy which can be utilized for other purposes. It also water–absorbing in nature and prevents erosion of soil.
The Latin America Biochar market is driven by factors such as agricultural sector needing more Biochar, usage of biochar increasing as livestock is used as animal feed, demand rising for organic farming, rigorous environmental regulations from the government and its usefulness in waste management among others. The restraints that this market is facing are its high prices and lack of awareness. However, the awareness about it seems to be increasing rapidly.
The Latin America 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 Latin America market for Biochar is geographically segmented into Brazil, Argentina and rest of Latin America. This market is still in its nascent stages in this region, hence it has only around 12 per cent of market share. Since the market has high potential as food demand is increasing and soil quality is degrading due to use of bio-chemicals, the market is expected to grow steadily.
Some of the major companies dominating the Latin America 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 Brazil
6.3 Mexico
6.4 Rest of Latin America
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
