Global Biochar Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Biochar Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Biochar is a kind of charcoal used as a soil improver. It can help plant growth. It can be used for agricultural purposes and carbon collection and storage. It is different from traditional charcoal that is generally used for fuel.

Market Overview:

The latest research study on the global Biochar market finds that the global Biochar market reached a value of USD 320.83 million in 2022. It’s expected that the market will achieve USD 705.9 million by 2028, exhibiting a CAGR of 14.05% during the forecast period.

Market Trends

The major drivers for the continuous growth of biochar market is due to increase demand of agricultural products and increase in soil fertility and crop yield. In addition, the standard of soil is declining across the globe, due to several factors such as deforestation, use of chemical fertilizers, mining and agricultural practices. Due to these, agricultural industry has a negative impact. In order to improve the productivity, researchers suggest few products like biochar, which can decrease nitrogen leaching in ground water, intense soil acidity, increasing the water absorption ability in soil and boost the soil microbial count. These factors increase the growth of the biochar market in future.

Opportunities

In recent years, governments of various countries have attached great importance to the problem of soil pollution, and various regions have successively carried out farmland soil pollution control work. Farmland soil is not just a problem of heavy metal pollution, but soil degradation is also one of the factors that cause excessive heavy metals in food. Soil health is not only related to the hygiene and safety of agricultural products, but also related to human health. Therefore, when it comes to farmland pollution control, not only should soil remediation, but also soil health remediation. Using biochar to improve the soil can increase the efficiency of water and fertilizer use. Especially in some severely over-fertilized and flooded farmland, it can save a lot of water and fertilizer. This brings a lot of development opportunities to the biochar market.

Market Drivers

The facts such as strict environmental laws, natural carbon sequestration, improved soil fertility, waste management potential, and increase in government initiations, also increases the growth in the biochar market. Used as a soil amendment, biochar helps enhance the quality of soil and crop yield. Char extracted from wild fire also aids in improving soil fertility, and retaining carbon in soil, which makes it similar to biochar. Nevertheless, wild fire leads to greenhouse gas emission, environmental contamination, and deforestation. Thus, biochar is comparatively better choice, which is produced using the gasification and pyrolysis processes that includes thermal conversion and super heating of biomass in limited amount of oxygen at high temperatures. Specially designed furnaces are used for the same. This helps to confine the release of harmful gases in the air. This factor has promoted the development of the biochar market.

Challenges

The key variable in the performance of biochar manufacturers is the cost of raw materials, especially the speed at which any increase can be passed on to customers. The materials of biochar include wood, rice stove, corn stove and other biomass materials. Wood is now the main raw material of biochar, but its price will be higher than other derived products. The prices of crop raw materials in the local market fluctuate with the market for agricultural products. This factor may become a challenge factor for the development of the biochar market.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Aries Clean Energy is one of the major players operating in the Biochar market, holding a share of 2.64% in 2022.

Aries Clean Energy started in 2010 as PHG Energy, funded by the owners of a multi-state Caterpillar dealership to further develop a patented gasification technology already in full commercialization and proven as a viable method of cleanly converting wood waste to synthetic fuel gas for industrial use.

Airex Energy is a technology provider of biomass torrefaction systems to produce value-added carbonized products like activated carbon, biochar, biocidal and biomaterial.

Segmentation Overview:

Among different product types, Forestry waste segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Agriculture and livestock segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Biochar market covered in Chapter 3:

Aries Clean Energy
DU: Willkommen
3R-BioPhosphate Ltd.
Arsta Eco
Pacific Biochar
ShenYang Longtai
Airex Energy
ARTichar
American BioChar Company
Carbon Gold
Biochar Supreme, LLC

In Chapter 4 and Chapter 14.2, on the basis of types, the Biochar market from 2018 to 2029 is primarily split into:

Forestry Waste
Residential Waste
Biomass Plantation
Agriculture Waste
Animal Manure

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Biochar market from 2018 to 2029 covers:

Agriculture and Livestock
Air, Soil, and Water Treatment
Horticulture
Industries

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)