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The AsiaPacific biochar market is expected to grow with an anticipated CAGR of 20.52% over the years of 20172025, increasing its market worth in the process from $120 million to $659 million. Thus, it is touted to be the fastest growing region for the market.
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.
Pacific Biochar, AgriTech Producers LLC, Biochar Now, BiogreenEnergy, Biochar Supreme, Vega Biofuels Inc and Cool Planet Energy System are some of the prominent players in the market.