The global biochar market is expected to grow at a CAGR of 17.1%, during the period 2015 – 2023. The global biochar market reported an estimated value of $4.27 million in 2015. As per the latest findings, it may record a CAGR of 17.1%, during 2015 – 2023. Majorly, the market is witnessing a leap owing to improved soil fertility, natural carbon sequestration feature of biochar, waste management potential, and increased government initiatives. Stringent environmental regulations also act as a major driver for the growth of the global biochar market.
Explore Full Report With TOC: https://www.psmarketresearch.com/market-analysis/biochar-market
North America was geographically the largest biochar market. Due to growing demand for agricultural products and enhancement in soil fertility and crop yield, the North American market for biochar has been witnessing significant growth. This region reports continuous use of chemical fertilizers, along with mining and deforestation, which results in degradation of its soil quality and texture. The same drives the demand for biochar, which leads to growth of North American biochar market.
Government and non-government organizations in North America as well as other countries, such as India, China, Brazil, and several European countries are framing guidelines for improvement of soil quality. This demands advanced research and development for biochar.
The major drivers for the global biochar market growth are strict environment regulations. Increase in government initiatives is another factor driving the growth of the global biochar market. It is due to increasing environmental pollution and global warming that the demand for biochar has risen. Thus, governments of several nations have introduced projects that promote the usage of biochar. American Power Act of 2010 is an example, which has various provisions to support biochar initiatives.
Request to get the report sample pages: https://www.psmarketresearch.com/market-analysis/biochar-market/report-sample
Some of the key companies in the global biochar market include 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.
Several factors are helping the biochar market to grow worldwide. However, the high cost of biochar acts as a major restraint for the market, uncovers the research. Farmers find it difficult to afford biochar for agricultural practices. This is expected to have a negative impact on the biochar market, especially in developing or underdeveloped economies.
North America was geographically the largest biochar market. Due to growing demand for agricultural products and enhancement in soil fertility and crop yield, the North American market for biochar has been witnessing significant growth. This region reports continuous use of chemical fertilizers, along with mining and deforestation, which results in degradation of its soil quality and texture. The same drives the demand for biochar, which leads to growth of North American biochar market.
Government and non-government organizations in North America as well as other countries, such as India, China, Brazil, and several European countries are framing guidelines for improvement of soil quality. This demands advanced research and development for biochar.
The major drivers for the global biochar market growth are strict environment regulations. Increase in government initiatives is another factor driving the growth of the global biochar market. It is due to increasing environmental pollution and global warming that the demand for biochar has risen. Thus, governments of several nations have introduced projects that promote the usage of biochar. American Power Act of 2010 is an example, which has various provisions to support biochar initiatives.
Request to get the report sample pages: https://www.psmarketresearch.com/market-analysis/biochar-market/report-sample
Some of the key companies in the global biochar market include 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.
Several factors are helping the biochar market to grow worldwide. However, the high cost of biochar acts as a major restraint for the market, uncovers the research. Farmers find it difficult to afford biochar for agricultural practices. This is expected to have a negative impact on the biochar market, especially in developing or underdeveloped economies.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
No comments:
Post a Comment