Biochar Market to See Explosive Growth by 2026 | Agri-Tech Producers, LLC, Biochar Supreme, LLC, CharGrow USA LLC
The global biochar market is predicted to be valued at $1,147,715.3 thousand by 2028 , surging from $353,863.5 thousand in 2020 , at a noteworthy CAGR of 16.1% . COVID-19 Impact on Biochar Market The coronavirus outbreak has created enormous economic crisis due to lockdown imposed across various countries. However, the impact of pandemic on biochar market was very less or negligible as agriculture and related activities were functional during the COVID-19 pandemic. Also, the raw materials required for biochar production such as manure and agricultural waste were easily available to the biochar producers. In fact, the role of biochar in mitigating the climate change and boosting the crop yield has paved the way for various investment & growth opportunities. For instance, in 2021, Standard Biocarbon, the technology platform that offers various solutions for reducing the atmospheric carbon, received $2000 funding from three US-based institutes na...