ASIA-PACIFIC BIOCHAR MARKET 2022-2028
MARKET OUTLOOK
Triton’s report on the Asia-Pacific biochar market infers that the market is expected to advance at a CAGR of 15.60% in value and 12.38% in volume during the expected phase 2022-2028. South Korea, India, Australia & New Zealand, ASEAN countries, China, Japan, and Rest of APAC outline the overall market in the given region.
Biochar is a traditional practice in Japan. The country’s scientists are at the forefront of biochar research, understanding the chemical, physical, and chemical properties in soil and compost. Earlier, the traditional farming practices recycled massive amounts of human waste, ash, and other biomass into agriculture fields. In this regard, biochar production has also been practiced by farmers, gardeners, and builders in the country for more than 20 years. Hence, these factors contribute heavily to the growth of the biochar market in Japan.
In India, a high amount of crop residues is produced each year. Efficient and sustainable organic waste disposal is a key issue in rural farm areas and urban societies. In this regard, most wastes are either burnt or disposed of in landfills, degrading the environment significantly. Biochar production from farm wastes and its application in farm soil offer multiple environmental and financial advantages. There is also an availability of non-feed biomass resources for biochar production, which is expected to supplement the growth of the biochar market across India over the projected duration.
COMPETITIVE OUTLOOK
The key companies in the biochar market are Arsta Eco, Bio Energy Earth Systems, Carbons Finland OY, Anulekh Agrotech Pvt Ltd, Pacific Biochar, Air Terra, and Novo Carbo.
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