Feb 22, 2023

English - UK

Pramod Pawar

Biochar Market Is Expected To Rise At A CAGR Of 12.2% | Market.us

Market Overview: Size and Forecast

Biochar is a porous carbon-rich material produced by heating organic matter in the absence of oxygen, a process called pyrolysis. It is used as a soil amendment, as it improves soil fertility, increases crop yield, and reduces the need for synthetic fertilizers. The biochar market is driven by increasing demand for organic food, rising concern over soil degradation and the need for sustainable agriculture practices.

Market.us's most recent research suggests that the Biochar Market will achieve USD 1539.50 Million in revenue by the end of 2023. Looking ahead, the market is expected to reach roughly USD 4338.25 Million by 2033, at a CAGR of 12.2%. The market is driven by increasing demand from the agricultural sector, which accounts for the largest share of the market. The biochar market is also driven by its use in the water treatment and energy sectors.

Key Takeaways:

  • Asia-Pacific has contributed 70.7% to the total revenue share for 2022.
  • In 2022, the revenue share for pyrolysis was 56%.
  • The revenue share for soil amendments was 39% by 2022, according to applications.
  • The biochar market is driven by the increasing demand for organic food, sustainable agriculture practices, and rising concern over soil degradation.
  • The agricultural sector is the largest consumer of biochar, followed by the water treatment and energy sectors.
  • North America is the largest market for biochar, followed by Europe and Asia Pacific.
  • The biochar market is highly fragmented, with a large number of small and medium-sized players operating in the market.

Figure

Regional Snapshot

  • Asia Pacific has the largest revenue share in world biochar market. Asia Pacific is the world's largest food producer, and this has led to a rise in biochar demand.
  • North America is also the second largest producer of biochar. The demand for biochar has increased due to the growing use of biochar as an energy producer.
  • Europe is another significant market for biochar, and it has many important vital players. The biochar industry in the region will be fueled by the abundant forestry waste.

Charts & data tables about market and segment sizes for a historic period of five (2017-2022) years have been covered in this report. Download The Sample Report 

Market Dynamics

1. Drivers:

  • Increasing demand for organic food.
  • Growing concern over soil degradation and the need for sustainable agriculture practices.
  • Rising adoption of biochar in water treatment and energy sectors.

2. Restraints:

  • High production costs.
  • Lack of awareness among farmers about the benefits of biochar.

3. Opportunities:

  • Growing demand from emerging economies.
  • Increasing adoption of biochar in the wastewater treatment sector.
  • Advancements in technology to reduce production costs.

4. Challenges:

  • Lack of standardization in the production and use of biochar.
  • Competition from other soil amendments.

Recent Developments

  • PepsiCo India began offering a Biochar Program to farmers in December 2022 in an effort to ensure a sustainable future for agricultural activities. This program will serve as an example of the Positive Agriculture Philosophy.
  • WasteX launched in September 2022 a program that aims to convert biomass from Southeast Asia into higher-value products, such as biochar. WasteX will provide complete solutions to agricultural producers, starting with the choice of technology and ending with the deployment.
  • Restoration Bioproducts of Lynchburg announced in August 2022 that it had invested $5.8 million in a Virginia-based biochar plant. This plant will provide employment and 34,650 tons virgina-grown wood products.
  • Verra announced in June 2022 that a new methodology was available to enable biochar projects, which can quantify their climate benefits and produce nature-based carbon emission credits, to release a new methodology.

The report also covers information on the upcoming trends and challenges that will influence the market growth. Enquire Now@ https://market.us/report/biochar-market/#inquiry

Market Segmentation

Feedstock Type

  • Wood Biomass
  • Agricultural Waste
  • Animal Manure
  • Others

Application

  • Soil Conditioner
  • Fertilizer
  • Others

Key Market Players included in the report:

  • Diacarbon Energy
  • Agri-Tech Producers
  • Biochar Now, llc
  • Carbon Gold
  • Kina
  • The Biochar Company
  • Swiss Biochar GmbH
  • ElementC6
  • BlackCarbon A/S
  • Cool Planet
  • Carbon Terra
  • Pacific Biochar
  • Vega Biofuels

Get to know the entire details of innovative marketing trends that vendors are using to market the Biochar Market - Buy the Report

Market.us's most recent research suggests that the Biochar Market will achieve USD 1539.50 Million in revenue by the end of 2023. Looking ahead, the market is expected to reach roughly USD 4338.25 Million by 2033, at a CAGR of 12.2%.

Report Scope

Report Attribute

Details

Market size value in 2023

USD 1539.50 Million

Revenue forecast by 2032

USD 4338.25 Million

Growth Rate

CAGR Of 12.2%

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World

Historical Years

2017-2022

Base Year

2022

Estimated Year

2023

Short-Term Projection Year

2028

Long-Term Projected Year

2032

Frequently Asked Questions:

Q.1. What is biochar?

Biochar is a porous carbon-rich material produced by heating organic matter in the absence of oxygen, a process called pyrolysis.

Q.2. What is the biochar market?

The biochar market is a market for the sale and distribution of biochar, which is used as a soil amendment, water treatment, and energy source.

q.3. What are the key drivers of the biochar market?

The key drivers of the biochar market are the increasing demand for organic food, sustainable agriculture practices, and rising concern over soil degradation.

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Pramod@market.biz

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