Author: Hiren Samani | Published: October 11, 2017
Biomass, the carbon-rich product produced from the pyrolytic treatment of biomass or greenwaste, can be used to improve the environment and agriculture in a number of ways. The high level of persistence of the substance in soil combined with its nutrient-retention properties make it an ideal solution for soil amendment and a way of improving crop yields. Moreover, the substance is used as an ideal way of carbon sequestration, providing significant implications for the mitigation of environmental degradation owing to the rising levels of CO2 in the atmosphere.
In a recent report, Transparency Market Research estimates that the global biochar market will chart an impressive CAGR of 14.5% from 2017 to 2025, incrementing to an opportunity of US$14,751.8 thousand by 2025 from its estimated valuation of US$444.2 thousand in 2016.
In this blog post, TMR analysts answer questions related to some of the most crucial aspects of the Global Biochar Market:
Which feedstock is most prominently used for the production of biochar?
A variety of feedstock is used for the production of biochar, including animal manure, woody biomass, agricultural waste, and produces such as sugarcane, coconut, rice, bamboo, and cereals. Of these, the segment of woody biomass accounted for nearly 50% of the overall market in 2016. The high quality of biochar produced from woody biomass finds vast usage in the field of soil amendment. The improvement of quality of soil achieved with the use of biochar is highly valued in areas such as agriculture, forestry, and gardening. In the near future as well, woody biomass will continue to remain the most used feedstock for the production of biochar, accounting for a significant share of the global biochar market in the near future.