The Global Biochar Market size Accounted for USD 168 Million in 2021 and is predicted to be worth USD 484 Million by 2030, with a CAGR of 12.9% during the projected period from 2022 to 2030.
Global Biochar Market DRO’s
Biochar Market Report Coverage
|Biochar Market Size 2021||USD 168 Million|
|Biochar Market Forecast 2030||USD 484 Million|
|Biochar Market CAGR||12.9% During 2022 - 2030|
|Analysis Period||2018 - 2030|
|Forecast Data||2022 - 2030|
|Segments Covered||By Application, By Feedstock, By Technology, By Manufacturing Process, And By Region
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Agri-Tech Producers LLC, Biochar Products, Diacarbon Energy Inc., Chargrow LLC, Genesis Industries, Green Charcoal International, Vega Biofuels Inc., The Biochar Company, Pacific Pyrolysis Pty. Ltd., Cool Planet Energy Systems, and Full Circle Biochar.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Biochar is generally like charcoal, which is utilized to build the richness of soil, and aids in expanding the horticultural efficiency, alongside giving security against soil borne ailments. Biochar is developed through the procedure of pyrolysis and carbonization. During the biomass pyrolysis process, biochar is produced as a by-product, and is proficient in enhancing richness of soil, while giving normal carbon sequestration. Biochar helps in holding the carbon in soil, and furthermore goes about as a soil enhancer. Biochar is regularly sold in type of ease biochar compost buildings and little measured sacks, because of its high cost in the market. Biochar mixes are generally used in gardens, agriculture farms, and household application.
The global biochar market is driven due to increase in population which creates the need for improved soil fertilization to enhance crop yield. In addition, government initiatives to support the usage of biochar and stringent environment regulations, and waste management potential are some of the factors responsible for driving the growth of this market. Owing to the high cost and lack of awareness and labor barriers, the growth of biochar market is restricted to some extent. Contribution of biochar to low carbon food chain and land constraint and degrading soil quality are some of the factors which are subjected to prove potential opportunities for biochar market.
Biochar Market Segmentation
The global biochar market segmentation is based on the application, feedstock, technology, manufacturing process, and geographical region.
Market by Application
Based on the application, the agriculture segment is estimated to hold the largest market share in 2021. This expansion is due to the use of biochar in agricultural systems, which is one potential alternative for increasing the natural processes of sequestering carbon in the ground, reducing farm waste, as well as improving soil quality. Biochar has the ability to boost traditional agricultural output while minimizing emissions of greenhouse gases from cultivated fields.
Market by Feedstock
According to the biochar industry analysis, the agriculture waste category will hold considerable market share in 2021. Using agricultural waste as biochar is one method of managing agricultural waste to support wetlands optimization. In Indonesia, agricultural waste is projected to amount to 10.7 t y-1, which includes cocoa pods, rice husks, oil palm shells, coconut shells, and corncobs.
Market by Technology
In terms of technology, the pyrolysis segment is expected to increase greatly within the coming years. This expansion is likely to accelerate due to benefits such as improved energy conservation and industrial feasibility. Aside from just being simple and economical, the method reduces instances of trash disposal, water contamination, and emissions of greenhouse gases.
Market by Manufacturing Process
According to the biochar market forecast, the gasification segment is expected to develop in the approaching years. Gasification is a prevalent method for generating syngas from various solid fuel supplies. Furthermore, biochar produced while gasification is regarded as a waste and also has various essential applications, including dye elimination from wastewater, carbon sequestration, chemical adsorption, and soil conditioner. Gasification is a thermochemical method that converts biomass to a fuel source while producing charcoal as a byproduct.
Biochar Market Regional Outlook
Middle East & Africa
Biochar Market Players
Some of the prominent global biochar market companies are Agri-Tech Producers LLC, Biochar Products, Diacarbon Energy Inc., Chargrow LLC, Genesis Industries, Green Charcoal International, Vega Biofuels Inc., The Biochar Company, Pacific Pyrolysis Pty. Ltd., Cool Planet Energy Systems, and Full Circle Biochar. Partnership expansion, strategic relationships for technology sharing and development, and acquisitions are some major strategies followed by leading players in this market to sustain market competition.
The global biochar market size in 2021 was accounted to be USD 168 Million.
The projected CAGR of biochar during the analysis period of 2022 to 2030 is 12.9%.
The prominent players of the global biochar market involve Agri-Tech Producers LLC, Biochar Products, Diacarbon Energy Inc., Chargrow LLC, Genesis Industries, Green Charcoal International, Vega Biofuels Inc., The Biochar Company, Pacific Pyrolysis Pty. Ltd., Cool Planet Energy Systems, and Full Circle Biochar.
Asia-Pacific held the dominating share for biochar during the analysis period of 2022 to 2030.
North America region exhibited fastest growing CAGR for biochar during the analysis period of 2022 to 2030.
Enhancement in crop yield by improving soil fertility and growing demand for biochar in energy production are the prominent factors that fuel the growth of global biochar market.
Based on application, agriculture segment hold the maximum share for biochar market in 2021.