Biochar Market

Global biochar market is estimated to grow at a CAGR of 16.0 % during forecast period (2022 to 2030). Global biochar market refers to the market of a fine-grained charcoal which is obtained from biomass (plant material and agricultural waste). Biochar may be produced from various thermochemical technologies that include pyrolysis, gasification and others which involves slow burning of organic matter in a limited or no-oxygen environment. The biochar is used as an additive to soils to improve carbon storage and nutrient retention. The global biochar market has been segmented on the basis of application and technology.  The application segment is further segmented into agriculture, water and waste water treatment and other applications.   

Key Driver for Biochar Market Includes its Ability to Reduce Greenhouse Gas Emission

The key factor driving the growth of global biochar market is the ability of biochar to reduce greenhouse gas emission. in December 2015 Paris climate accord or Paris climate agreement was signed by 175 countries aimed at reducing the global CO2 emission by 28% 2025. Biochar helps in reducing CO2 emission which majorly contributes towards global warming. According to the international biochar initiative organization, biochar has the ability to lock the carbon in stable form for hundreds to thousands of years and can store around 2.2 gigatons of carbon annually by 2050. 

Agriculture Segment Dominated the Application Segment

The Agriculture segment dominated the application segment with a revenue share of 74.18 % in the year 2021. Agriculture application segment is also growing with a fastest CAGR of 16.3% during the forecast period. According to the Agricultural Marketing Resource Center (AMRC), biochar helps to improve the earth's soil resource by increasing crop yields and productivity, reducing the need for artificial fertilizers and chemicals as well as it helps to reduce soil acidity that act as a primary driver for the high adoption of Biochar in agriculture. 

Pyrolysis Leads Within Technology Segment

Pyrolysis leads technology segment in the global biochar market by capturing largest market share of over 64% in 2021. Pyrolysis technology market is anticipated to grow at highest CAGR of 16.3% during the forecast period. Rising greenhouses gases emissions across the world that because global warming is the primary driver for the global biochar market by pyrolysis. 

North America Dominates and APAC is Expected to be Fastest Growing Market

Geographically, the global biochar market has been segmented into North America, Europe, Asia Pacific and Rest of the World (ROW). North America is dominating region in the global biochar market with a revenue share of 47.20% in 2021. North America biochar market is primarily driven by government’s proactive stance to reduce green-house gas emission in US and Canada coupled with supportive initiatives for the adoption of Biochar. Moreover, Asia pacific biochar market is expected to grow at a highest CAGR of 16.8 % during the forecast period. Asia pacific biochar market is primarily driven by the increasing attention of the governments of India, China japan etc. on sustainable development goals aimed at reducing carbon emission and to promote organic farming that promotes the adoption of biochar and other environment friendly manures. Further in India the government takes an initiative to promote organic farming such as “Paramparagat Krishi Vikas Yojana”, Chinese government focus on green and organic agriculture and others have positively influenced the growth of biochar market in Asia pacific. 

Expansions Are the Key Strategy to Enhance Market Presence

Expansion and investment is among the primary strategy adopted by the companies in the biochar market. The capacity expansion allows the companies to increase their production capacity there by helping the companies to generate more revenue. The threat of new entrant in the global biochar market is expected to shift from Moderate in 2021 to high during the forecast period. The entry barriers for the companies in the biochar market are moderate as the regulations for manufacturing biochar are flexible, however strict regulations persist on the use of materials and transportation of the biomass. Moreover, the large scale manufacturing of biochar requires a large pyrolysis kiln, a dedicated place for the retrieval and storage of biomass that requires a considerable capital. Further the major players in terms of revenue in the biochar market that include Full Circle Biochar, Biochar Supreme LLC, Vega Biofuels Inc., Cool Planet Energy Systems, and Airex energy Inc have captured a considerable market share that influences the new entrants in biochar market. Over the forecast period owing to substantial funding to the companies in biochar market and increasing consumption of biochar globally the threat of new entrant is expected to intensify. 

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2022 to 2030. 

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region. 

By Application (2020-2030; US$ Th)

• Agriculture
• Water and wastewater treatment
• Other

By Technology (2020-2030; US$ Th)

• Pyrolysis
• Gasification
• Other

By Region (2020-2030; US$ Th)

• North America
• Europe
• Asia Pacific
• Latin America
• Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Th)

• Pre Covid-19 situation
• Post Covid-19 situation 

Key questions answered in this report

• What are the key market segments in current scenario and in the future by product categories?
• What are the key market segments in current scenario and in the future by regions?
• What is the key impact of Covid-19 over market revenues and market determinants in the global biochar market?
• What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
• What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
• How to overcome the current market challenges and leverage the opportunities in each of the market segment?
• Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
• What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth