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Growing Interest in Organic Farming in the Agribusiness Sector is Driving Market Growth
Through a regulated process called pyrolysis, organic material from forestry and agricultural wastes—also referred to as biomass—is burned to form biochar, a substance that resembles charcoal. When used as a fertilizer, biochar enhances the soil's capacity to cycle nutrients and transport them, which results in long-term carbon sequestration. In addition to helping the environment, biochar may clean up contaminated soil. Biochar's porous nature contributes to its low bulk density, which is useful in achieving both a high specific surface area (between 50 and 900 m2 g-1) and a high water-holding capacity.
Europe has a sizable and expanding organic sector in addition to a sophisticated and fiercely competitive agro-input market. An increasing number of new producers are joining the market and adhering to the voluntary European Biochar Certificate (EBC) standard as a result of the growing demand for organic food, which offers potential growth prospects for the organic farming industry. Furthermore, even if the market is growing quickly, more organic farmland needs to be added quickly in order to reach the European Commission's (2020) Farm to Fork strategy goal of 25% organic area share by 2030.
European consumers frequently purchase organic food for health reasons, to support small companies in their community, and to avoid using pesticides or other sprays. As a result of the aforementioned causes, it is projected that throughout the projection period, the demand for biochar in organic farming would expand dramatically.
Stricter government regulations are expected to help end consumers of biochar become more knowledgeable about the material and its advantages. The International Biochar Initiative Organization fosters market growth by establishing criteria for ethics and the environment, fostering market player engagement, and developing a system that is affordable. Furthermore, laws pertaining to the product's application in waste management and agricultural production have been established by the EU Commission, the regulatory body overseeing the biochar market. The EU commission has published a number of new guidelines pertaining to the manufacture and use of the product.
Since the product is still in its early stages of development, there are a ton of potential growth prospects for the creation of blended products. In the upcoming years, these factors are expected to propel the expansion of the biochar market in Europe. Thus, driving the biochar market revenue.
