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(MoneyNewsWire.Net, May 16, 2018 ) The Middle East and Africa Biochar Market was worth USD 70 million in 2016 and estimated to be growing at a CAGR of 13.7%, to reach USD 120 million by 2021. Biochar is a type of charcoal which is rich in carbon and fine-grained which is obtained by heating organic mass in the absence of oxygen. Its used as soil additive as it improves the quality of soil leading to better growth of plants. The rising growth rate of this market can be owed to decreasing soil quality due to increasing food demand and excessive use of chemical fertilisers.
Biochar improves the soil quality by adding rich minerals and nutrients into it. It offers other benefits like removing carbon from the atmosphere. Hence it can be used for absorbing the greenhouse gas CO2 responsible for global warming. It can absorb nutrients from percolating water in the soil. Producing biochar releases energy which can be used to power other processes. It prevents the erosion of soil and absorbs water from atmosphere into the soil.
Browse market data tables and in-depth TOC of the MEA Biochar Market to 2021 @ https://marketdataforecast.com/market-reports/middle-east-and-africa-biochar-market-3018/
The Middle East and Africa Biochar market is driven by factors like rising demand for organic farming, agricultural sector demanding more of biochar, rigorous environmental regulations, increasing usage of biochar in livestock as animal feed and its utilisation in waste management. A few constraints that this market is facing are its high prices and lack of awareness. However, the awareness about it seems to be increasing rapidly.
The Middle East and Africa 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.
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The market can be broadly divided geographically into Middle East and Africa. The market here is in the initial stages and its market share is expected to be around 6% globally. Degrading soil quality in the production of crops due to use of bio-chemicals and increasing demand for food crops in expected to propel the growth of this market in the region.
Some of the major companies dominating the Middle East and Africa 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.
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