(Entertainment-NewsWire.com, August 31, 2018 ) The charcoal used as an amendment to the soil is known as biochar, which is a stable solid, having the endurance to stay in the soil for thousands of years and provide richness in carbon. Similar to other charcoal, biochar is produced by the process of pyrolysis and is made from biomass. Further, biochar is under research for its applications in carbon sequestration, and has the potential to aid in the mitigation of climate change through the above.
Biochar can also aid in increasing the fertility of acidic soils leading to increase in agricultural productivity and the provision of protection against some soil borne diseases and against foliar. The major uses of biochar involve its uses as a carbon sink, for amending the soil, in aiding the shift from slash and burn to slash and char farming, for eater retention, and in energy production involving bio-oil and syngas.
Market Underlying Factors The market is driven on the basis of the increasing demand for biochar owing to its amending properties of soil. The increasing demand is being aided by the limited availability of land with its limited fertility. The need to increase this fertility is one of the major driving forces of the market. The growth in technology combined with the increasing applications of biochar in organic farming and waste management, are expected to keep the market growth positive in the future owing to the rapidly increasing populace with their consequent demands from agriculture.
Geographical Segmentation Asia Pacific accounts for the fastest growing region of the Global Biochar market, and is further segmented into India, China, South Korea, Japan, Australia and Rest of Asia Pacific. The share of the Asia Pacific Biochar market in Asia Pacific can be attributed to the rising awareness and adaptation of the application of Biochar. India and China hold the major market for Asia Pacific Biochar due to large presence of agro-based economies. India is estimated to represent strong potential market growth in the Asia Pacific Biochar market due to fast technological advancements and adaptation by farmers.
The various players in the Asia Pacific 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.
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