Biochar Market Size, Share, Analysis, Trends, Growth, Forecasts 2032

Biochar Market

Biochar Market Analysis By technology (Pyrolysis, Gasification, Microwave Pyrolysis, Batch Pyrolysis Kiln, Cookstove and Others), By application (Agriculture {farming, livestock, others}, Gardening, Electricity Generation and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032

Category: Energy & Mining Report Format : PDF Pages: 207 Report Code: ZMR-2594 Published Date: Jul-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 862.37 Million USD 1,727.8 million 13.84% 2023

 

Global Biochar Market: Industry Prospective

The global biochar market size accrued earnings worth approximately USD 862.37 Million in 2023 and is predicted to gain revenue of about USD 1,727.8 Million by 2032, is set to record a CAGR of nearly 13.84% over the period from 2024 to 2032.

Global Biochar Market: Overview

Biochar is mainly charcoal obtained by precise heating of waste materials, such as wood waste, agricultural waste, animal manure, and forest waste. It has a broad range of application including electricity generation, pharmaceutical, agriculture, and forestry. Biochar is commonly produced in the presence of oxygen when biomass, such as wood leaves or manure, is heated or burned. Typically, they are created by a process called pyrolysis and are commonly used to improve soil quality and mitigate climate change. Biochar is able to transform carbon into a stable form and is cleaner than other charcoal forms. They are used in applications such as agriculture, gardening, and electricity generation among others. The cheaper cost of raw materials, environmental awareness, and government laws for waste management is predicted to create a huge platform for market expansion.

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Global Biochar Market: Growth Factors

Biochar, a carbonized biomass similar to charcoal, has seen growing use in livestock farming since 2010, where it is used as a daily feed supplement to enhance animal health and nutrient intake, ultimately boosting productivity. As biochar is enriched with nitrogen-rich organic compounds during digestion, the resulting biochar manure becomes a valuable organic fertilizer, reducing nutrient losses and greenhouse gas emissions during storage and soil application. This increased demand for biochar in livestock feed has driven the global biochar market's growth. Additionally, biochar's role in greenhouse gas remediation, energy production, and the growing environmental awareness among the population have further spurred market expansion. The global biochar market is poised for substantial growth due to its health benefits, increased usage in electricity generation, pharmaceutical, and forestry applications, and the rising demand for organic food. Positive government policies, affordable raw materials, and heightened environmental awareness are also significant growth drivers. While technological barriers and high investment costs in remote areas may pose challenges, product innovation and emerging markets in the Asia Pacific region present new growth opportunities for major industry players.

Biochar Market: Report Scope

Report Attributes Report Details
Report Name Biochar Market
Market Size in 2023 USD 862.37 Million
Market Forecast in 2032 USD 1,727.8 Million
Growth Rate CAGR of 13.84%
Number of Pages 207
Key Companies Covered Corigin Solutions, Genesis Industries, LLC, Pacific Biochar Benefit Corporation, CharGrow USA LLC, Phoenix Energy Group, Black Owl Biochar, Airex Énergie Inc., Ambient Energy LLC, ETIA Group, Avello Bioenergy, Pyrocal Pty Ltd, American BioChar Company, Terra Humana Ltd, Bioforcetech Corporation, ECOERA Millennium Biochar and Carbon Emission Removal Service, EkoBalans Fenix, Carbo Culture, Biochar Now, LLC., GreenBack Pte Ltd and others.
Segments Covered By Distribution Channel, By Type, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Biochar Market: Segmentation

The global Biochar market is segmented into technology, application, and region. By technology, the market is segmented into Pyrolysis, Gasification, Microwave Pyrolysis, Batch Pyrolysis Kiln, Cookstove, and Others. Of these, the most effective production process is pyrolysis. It is projected to grow faster in terms of revenue over the forecast period due to the high end-product yield of high carbon content and process stability.  A modest increase in the use of gasification technology has been witnessed due to the increasing need for power generation. As the process does not produce stable biochar that is capable of being used in agricultural applications, it is projected to lose market share in the coming years.

By application, the market is segmented into Agriculture (farming, livestock, others), Gardening, Electricity Generation, and Others. In 2023, the largest share of total biochar demand was held by the agriculture application segment. Biochar helps to increase the holding capacity of water and fertilizers and enhance the biological productivity of soils, which helps to provide crop nutrition and accelerate growth. A significant number of farmers, however, still lack knowledge about the commodity and its advantages. In agricultural applications, farming is expected to increase significantly, thereby rising the overall market demand, owing to rising awareness about the uses of biochar among farmers by institutes and research groups.

Regional Analysis

Based on regions, the global Biochar market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America has been the largest buyer of the commodity and, with growing demand for organic foods and high meat consumption, is expected to see substantial growth. Compared to others, the understanding of biochar is very high in this area, and the agriculture community has more knowledge and understanding about the product and its advantages. In addition, low livestock feed costs are expected to increase consumption in this market. Due to the existence of large and developing agricultural sectors in rising economies, such as China and India, the Asia Pacific is expected to experience extremely high growth. Several R&D activities and government initiatives are expected to lead to the dissemination of knowledge among the farming community of biochar and its benefits, resulting in increased demand.

Global Biochar Market: Competitive Players

Some of the key players in the Biochar market are

  • Corigin Solutions
  • Genesis Industries, LLC
  • Pacific Biochar Benefit Corporation
  • CharGrow USA LLC
  • Phoenix Energy Group
  • Black Owl Biochar
  • Airex Énergie Inc.
  • Ambient Energy LLC
  • ETIA Group
  • Avello Bioenergy
  • Pyrocal Pty Ltd
  • American BioChar Company
  • Terra Humana Ltd
  • Bioforcetech Corporation
  • ECOERA Millennium Biochar and Carbon Emission Removal Service
  • EkoBalans Fenix
  • Carbo Culture
  • Biochar Now, LLC.
  • GreenBack Pte Ltd and others.

By Technology

  • Pyrolysis
  • Gasification
  • Microwave Pyrolysis
  • Batch Pyrolysis Kiln
  • Cookstove and Others

By Application

  • Agriculture
    • farming
    • livestock
    • others
  • Gardening
  • Electricity Generation
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of The Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Biochar has been increasingly used by livestock farmers since 2010 as a daily feed supplement to enhance animal health, increase the quality of nutrient intake and thus productivity. As biochar gets enriched during the digestion process with nitrogen-rich organic compounds, the excreted biochar-manure becomes a more useful organic fertilizer during storage and soil application, causing lower nutrient losses and greenhouse gas emissions. Thus, the demand for biochar in livestock feed has accelerated the growth of biochar market globally. Moreover, the increasing demand of biochar in greenhouse gas remediation and energy production has also spiked the overall growth of the market.

Global Biochar market size earned around $862.37 Mn in 2023 and is expected to reach $1,727.8 Mn by 2032, with a projected CAGR of 13.84%.

North America has been the largest buyer of the commodity and, with growing demand for organic foods and high meat consumption, is expected to see substantial growth. Compared to others, the understanding of biochar is very high in this area, and the agriculture community has more knowledge and understanding about the product and its advantages. In addition, low livestock feed costs are expected to increase consumption in this market.

Some of key players in Biochar market are Corigin Solutions, Genesis Industries, LLC, Pacific Biochar Benefit Corporation, CharGrow USA LLC, Phoenix Energy Group, Black Owl Biochar, Airex Énergie Inc., Ambient Energy LLC, ETIA Group, CharGrow USA LLC, Avello Bioenergy, Pyrocal Pty Ltd, American BioChar Company, Terra Humana Ltd, Bioforcetech Corporation, ECOERA Millennium Biochar and Carbon Emission Removal Service, EkoBalans Fenix, Carbo Culture, Biochar Now, LLC., GreenBack Pte Ltd and others.

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