Research Methodology

Methodology/Research Approach

Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, white papers, and paid databases.

Research Programs/Design

Market Size Estimation

Post the initial data mining stage, we gather our findings and analyse them, Wearable Patch/ Data Recordering out relevant insights. These are evaluated across teams and by our in-house Medical. Along with data mining, we also initiate the primary research phase in which we interact with companies operating within the market space.

To evaluate the wholeness of the market, we interact (via email or telephone) with players who are responsible in adding value to the final product. Additionally, we interact with related industries to understand the external factors that can drive/hamper a market. We also make it a point to evaluate various economic parameters, which typically, have an impact onthe purchasing choices of individuals as well as companies.

Post these stages, data are cross-verified with the companies that operate in a market space. It is important for us to study these companies in detail, to understand their existing performance and future strategies which will define the market in the coming years.

All this data is collected and evaluated by our analysts. Post the preparation of the report and data analysis, the findings are presented to our in-house experts who then eliminate discrepancies (if any).

 The key players in the industry and markets have been identified through extensive secondary research.

 The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.

 All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Source

Secondary Sources

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg Business Week, and Factiva, have been referred to, for identifying and collecting information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; regulatory bodies; trade directories; and databases.

List of secondary sources include but are not limited to:

 Academic Journals

 Census.gov

 Bloomberg

 Company Annual Report

 Hoovers

Preliminary data mining

Raw market data is obtained and collated on a broad front. Data is continuously Wearable Patch/ Data Reordered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Operation Industry Vertical dynamics with respect to drivers, restraints, pricing trends is also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

Primary Sources

This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, Component providers, domain experts and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation, but also provide critical insights into the market, current business scenario and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Operation Industry Vertical Participants (KIPs) which typically include:

 Market leading companies

 Raw material suppliers

 Operating System distributors

 Buyers

The key objectives of primary research are as follows:

 To validate our data in terms of accuracy and acceptability

 To gain an insight in to the current market and future expectations

Some of the KIPs are mentioned as below:

 Medtronic

 Olympus

 Otsuka Holdings Co., Ltd.

 Etcetera

 Others

Statistical model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, Component landscape, Sensor Type development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of Component landscape, regulatory frameworks, economic outlook and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:

 Market drivers and restrains, along with their current and expected impact

 Raw material scenario and supply v/s price trends

 Regulatory scenario and expected developments

 Current capacity and expected capacity additions up to 2026

We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.

Data Triangulation

Contrive Datum Insights also leverages three Industry Verticals of data triangulation approaches as follows:

Data Triangulation Techniques

Data Source Triangulation

•Extracting data and validation from multiple type of secondary and primary sources

•

Source: Secondary Literature, Expert Interviews, and Contrive Datum Insights Analysis 2023

Contrive Datum Insights data modeling tool is an in-house developed tool, which is based on the fundamental Top Down and Bottom Up approach.

Bottom Up Approach

Primary: Demand & Supply Side Experts

Secondary: Annual Reports, Presentations, Press Releases, Journals, Paid Databases, and A2Z Market Research database

Primary: Demand and Supply Side Experts

Secondary: Annual Reports, Presentations, Press Release, Journals, Paid Databases, and A2Z Market Research database

Source: Secondary Literature, Expert Interviews, and Contrive Datum Insights Analysis 2023

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides.

Top Down Approach

Source: Secondary Literature, Expert Interviews, and Contrive Datum Insights Analysis 2023

Report Objectives

 To define, describe, and forecast the {Keyword} Market by segments, and region

 To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

 To analyze the sub-segments with respect to individual growth trends, prospects, and contributions to the total market

 To analyze opportunities in the market for stakeholders and provide the competitive landscape of the market

 To forecast the revenues of the market segments with respect to the major regions, such as North America, Europe, Asia Pacific (APAC), Middle East & Africa and South America.

 To profile the key players and comprehensively analyze their recent developments and positioning in {Keyword} market.

 To analyze competitive developments, such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities, in the market

Market Overview

Market Synopsis

Biochar is charcoal primarily produced by the pyrolysis of biomass in an oxygen-free atmosphere. It is a carbon-rich sustainable solid material widely used in soil amendment applications to improve soil quality, plant growth and crop yields. Apart from this, it is used as a main animal feed supplement to stimulate digestion, toxin absorption, nutrient intake efficiency and blood values in cattle (cows and goats).

Biochar market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 200, with 2022 being considered as the base year. This report segments the global Biochar market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Request Sample Copy of Report “Biochar Market”, published by Contrive Datum Insights.

Market Dynamics

Drivers:

Drivers:

Awareness of environmental protection is increasing widely all over the world. People are demanding strict regulation to protect the environment from waste and carbon pollution. The government has adopted several stringent policies to protect the environment and encourage the use of this product for various purposes including energy production, livestock raising, etc. By reducing waste and leading the way towards the Sustainable Development Goals. It can be effectively used as fertilizer after being added to the soil. Increasing regulations to protect the environment are boosting the growth of the global biochar market during the forecast period.

Growth Factors:

Biochar has various benefits and uses in the market. It is cost-effective, reduces waste, is non-polluting, and has cheaper raw material costs. It has several uses, one of which is in livestock feed, the utilization of this product for livestock feed is rapidly increasing across the world as it helps in improving the health of animals and provides them with organic nutrition. Using this substance as feed helps absorb toxins from the animal's body and aids in digestion. Farmers in some areas have started feeding cows this daily. This increases the demand in the industry and drives the growth of the market over the forecast period.

Regional Outlook:

The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 200.

Asia Pacific dominated the global market in 2020. The potential significance of the region in terms of soil improvement andcarbonsequestrationisa majordriver ofthefield. Furthermore,the enormous economic andagricultural developmentintheregionisalsocontributingtothemarket expansion.IntheAsia-Pacific region, China is the main producer of this charcoal. The region is dealing with crop residue disposal, soil contamination, quality deterioration, field burning and greenhouse gas emissions. Hence, conversion of agricultural waste into this product and use of this product as a soil amendment in farmlands is driving the growth of the region to overcome these issues.

NorthAmericaisthesecondlargestmarket forthistypeofchar globallyandislikelytowitnesssignificant expansion owing to increasing demand for organic food and high meat consumption. The growth of the industry is aided by the many local and large producers working across the country and the world. According to the USBI (U.S. Biochar Initiative), domestic char production represented by respondents ranges from 5,000 to 70,000 tons per year. Canadian output rose by 1,700 to 6,600 TPY, while North America totaled 18,700 to 76,600 TPY.

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Market Scope

The market has been segmented as follows:

Biochar Market by Types:

 Wood Source Biochar

 Corn Stove Source Biochar

 Rice Stove Source Biochar

 Wheat Stove Source Biochar

 Other Stove Source Biochar

Biochar Market by Applications:

 Soil Conditioner

 Fertilizer

 Others

About Us:

Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

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