Market Research Report
Asia-pacific Biochar Market Forecast 2022-2030
|Asia-pacific Biochar Market Forecast 2022-2030|
Published: January 19, 2022
Content info: 147 Pages
Delivery time: 2-3 business days
The Asia-Pacific biochar market is expected to register a CAGR of 15.74% in terms of revenue and 13.40% in terms of volume during the forecast period, 2022-2030. The key factor driving the market growth is the biochar's potential in soil improvement and carbon reduction, especially for small scale farmers.
The Asia-Pacific biochar market growth analysis includes the assessment of South Korea, China, India, Vietnam, Thailand, Japan, Australia & New Zealand, Indonesia, and Rest of Asia-Pacific. In countries like Indonesia, the soil is considered poor due to acidity and water limitations. However, biochar can make the soil fertile by neutralizing soil acidity and replacing nutrients. So, there is scope for a detailed study of biochar to improve livelihoods in Indonesia. Whereas in Thailand, agricultural production is threatened by demographic pressure and urbanization. The use of biochar is a potential technique to increase soil fertility and water retention in the sandy soils for agricultural lands in Thailand.
In countries like Vietnam, most of the soil on the cultivated area is prone to degenerate due to wrong agricultural practices. The Biochar for Sustainable Soil (B4SS) project in Vietnam is working on projects to develop the biochar market. Australia is one of the leading countries in terms of biochar demand. Several small and medium companies are producing biochar in the country. Thus, the biochar market is set to witness considerable growth in Australia. In Taiwan, dry agriculture and forest residues would be a large source of biochar and aid the growth of the Taiwanese forest and agriculture circular economy.
Pacific Biochar, Pyrotech Energy, Farm2Energy, Renewable Carbon Resources Australia, etc., are among the key companies in the market.