The report recognizes the following companies as the key players in Global Biochar Market 2015-2019: Agri-Tech Producers LLC, Biochar Products, Diacarbon Energy Inc. and Pacific Biochar Pty Ltd
Other Prominent Vendors in the market are: Phoenix Energy, Advanced BioRefinery, Avello Bioenergy, Biochar Now, Biochar Supreme, Biogreen-Energy, DynaMotive Energy Systems, Encendia Biochar, Green Harvest Group, International Tech and Tolero Energy
The report said: “One of the main factors restricting the commercialization of biochar is the cost of biochar manufacturing equipment. However, investment is made in the R&D of biochar production technologies, which is expected to reduce the manufacturing cost of biochar. Also, governments worldwide are providing grants and subsidies to support capital for biochar production equipment. They are investing in R&D through public-private partnerships that have enhanced the production of innovative biochar equipment. These factors will help reduce the cost of biochar significantly in the next five years.”
According to the report, the advantages of biochar carbon sequestration projects including reduction of greenhouse gases emissions are propelling market growth as carbon can be retained in the soil for a long period of time.
Further, the report states that a lack of demonstration projects acts as a growth barrier for the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: ASDReports - Market Research
Date: May 4, 2015