Impact Analysis of COVID-19 on Europe Biochar Market Outlook 2028
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Product Code:
RP-ID-10336404 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
236 -
Category:
Energy & Power -
Publisher:
Pub-ID-9
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Europe Biochar Market Analysis – 2019-2028
Biochar is a specially designed charcoal which provides a wide scope for organic resource management, soil improvement and energy production. Biochar is known to contain a high proportion of extremely stable carbon. Hence, the sustainable production of biochar can be a significant, viable Negative Emissions Technology for mitigating human-induced climate change. The Europe biochar market is anticipated to achieve a CAGR of 14.38% during the forecast period, i.e. 2021-2028. Factors such as the numerous benefits associated with biochar, growing government support for organic farming methods, and increasing consumer spending capacity for agricultural purposes are anticipated to promote towards the growth of the Europe biochar market. Additionally, factors such as the rising demand for organic food, on the back of the growing health consciousness and increasing consumer spending capacity, is raising the need for the utilization of biochar, which is anticipated to drive the growth of the Europe biochar market.
The Europe biochar market consists of various segments that are segmented by process, feedstock, carbon content and by application. The feedstock segment is further segmented into agricultural waste, forestry waste and animal manure. Out of these, the agricultural waste segment registered the largest market share of around 42% in the year 2019 and is expected to grow with a CAGR of around 13% during the forecast period. Additionally, the segment is also anticipated to gain an incremental $ opportunity of around USD 16 million in the year 2020 as compared to the previous year. Agriculture waste is usually the unwanted waste generated from agricultural activities which are used to produce biochar. Agricultural waste includes manure, fertilizer, pesticides, and others. Agricultural waste is converted to biochar by using the process of pyrolysis. It is considered as a highly potential option to utilize these agriculture waste for various sustainable purposes. Furthermore, it can also be used as a clean and environmentally friendly energy source, which in turn is expected to raise the demand for biochar production by agriculture waste.
Some of the affluent industry leaders in the Europe biochar market are Airex Energie Inc., 3R-BioPhosphate Kft, Genesis Industries, Green Charcoal International, BlackCarbon A/S, Swiss-Biochar GmbH, DEMIO Holding, Carbon Gold Ltd., ETIA S.A.S., and EoSol Design SRL.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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Airex Energie Inc., 3R-BioPhosphate Kft, Genesis Industries, Green Charcoal International, BlackCarbon A/S, Swiss-Biochar GmbH, DEMIO Holding, Carbon Gold Ltd., ETIA S.A.S., and EoSol Design SRL