Biochar Market Rising Demand and Expansion
According to TechSci Research report, “ Biochar Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Biochar Market stood at USD 453.23 million in 2022 and is anticipated to grow with a CAGR of 5.47% in the forecast period, 2024-2028. Biochar is produced as a charred material with a high surface area and abundant functional groups by pyrolysis, which refers to the process of thermochemical decomposition of organic material at elevated temperatures in the absence of oxygen. The carbon component in biochar is relatively stable, and, hence, biochar was originally proposed as a soil amendment to store carbon in the soil. The agriculture-dependent biochar industry also intersects with the industrial sector, offering innovative avenues for waste valorization. Agricultural residues, such as crop straws, husks, and shells, are often deemed as waste and discarded. However, through pyrolysis, these residues can b...