The Asia-Pacific biochar market is expected to grow with an anticipated CAGR of 20.61% over the forecast years of 2018-2026. The market is touted to be the fastest growing regional market for biochar.
The rapid economic and agricultural growth in the APAC countries, combined with the increasing support for biochar demonstration projects and experiments is largely fueling the market growth. The market segments include feedstock (agriculture waste, residential waste, biomass plantation, animal manure, forestry waste, etc.), technology (slow pyrolysis, microwave pyrolysis, gasification, hydrothermal carbonization, etc.) and applications (industrial, agriculture and livestock, horticulture, air, soil and water treatment, etc.). However, the lack of awareness regarding the benefits of biochar and the technological and financial barriers in the region are creating major issues for the further expansion of the market. The Japan biochar market is expected to showcase the highest CAGR over the forecast period. The Japan Biochar Association announced its establishment on 19 January 2009 at a promoters’ meeting. Biochar production, as well as utilization, has been traditionally practised broadly by farmers, foresters, gardeners, and builders in Japan.
Pacific Biochar, Agri-Tech Producers LLC, Biochar Now, Biogreen-Energy, Biochar Supreme, Vega Biofuels Inc and Cool Planet Energy System are some of the prominent players in the biochar market.