London, 27 April 2015 – Technavio has published a new market research report on the global biochar market, which is expected to grow at a CAGR of 15.46% from 2015-2019.
About the Report
Biochar is charcoal that is used for specific purposes, including as a soil amendment. According to the latest Technavio report, various types of biomass can be used as feedstock for the production of biochar, including agriculture and forestry waste, industrial byproducts, residential waste, animal wastes and municipal sewage.
“Most of the feedstock is in the form of waste from various sectors like residential, agriculture and forestry. This wide availability of feedstock means there’s a constant supply of cheap raw materials for the production of biochar,” says Faisal Ghaus, Vice President of Technavio.
The market analysis report by Technavio also emphasizes the growing investment in technological R&D and alternative financing mechanisms. One of the main factors restricting the commercialization of biochar is the cost of biochar manufacturing equipment. However, investment made in R&D of biochar production technologies is expected to reduce the manufacturing costs of biochar, thus boosting its availability through the forecast period.
Market Scope and Calculation of Market Size
This report covers the present scenario and the growth prospects of the global biochar market from 2015-2019. The market size has been calculated based on revenue generated in the market.
Key Information Covered in the Report:
Key Vendors:
- Agri-Tech Producers LLC
- BioChar Products
- Diacarbon Energy Inc.
- Pacific Biochar Pty Ltd.
Market Growth Drivers:
Advantages of biochar carbon sequestration projects and reduction of greenhouse gas emissions
For a full detailed list, view our report.
Market Challenges:
Lack of demonstration projects
For a full detailed list, view our report.
Market Trends:
Investment in technological R&D and alternative financing mechanisms
For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cspan%20style%3D%22line-height%3A%201….
