Global Biochar Market - WishTree Insight

Global Biochar Market by Technology (Gasification, Cookstove, Pyrolysis, Hydrothermal, Carbonization), Feedstock (Agricultural Waste, Animal Manure, Woody Biomass, Forestry waste, and Residential Waste), Application (Agriculture, Electricity Generation, Animal farming, and Others), and Regions (The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Global Biochar market size was valued at USD 8.6 Million in 2021 and is expected to surpass USD 25.3 Million by 2031, expanding at a CAGR of 12.6 % during the forecast period, 2021–2031. The growth of the market is attributed to the growing demand for biochar in energy production, rising government policies for environmental protection, and utilization of biochar for livestock feed.

INTRODUCTION

Biochar is a fine-grained product produced from organic waste. Biochar is a type of charcoal derived from controlled heating of waste materials such as agricultural waste, wood waste, forest waste, and animal manure. Among all the uses, it is mainly used in a soil amendment to reduce pollutants and toxic elements, and to prevent reducing moisture levels, soil leeching, and fertilizer run off. Environmental awareness, cheaper cost of raw material, and cohesive government policies for waste management are anticipated to create greater avenues for its market expansion. The use of biochar in the water treatment process is anticipated to play a vital role in the coming years. It is supported by rising demand for water treatment facilities, especially in emerging economies. The production of biochar is convenient and easy.

Market Trends, Drivers, Restraints, and Opportunities

• Growing demand from the food sector is expected to be an important factor to drive the biochar market.
• The production of biochar using biogas and crop residue is anticipated to propel market growth.
• The increase in usage of biochar in energy production energy and its usefulness in greenhouse gas remediation is driving the market growth.
• The requirement of high investment costs in the installation of biochar plants and the lack of advanced and efficient technologies in remote areas are some of the restraining factors for this market.
• The rising demand for biochar for energy production has created lucrative opportunities for the biochar market.

Scope of the Report

Market Segment Insights

Pyrolysis segment is expected to expand at a CAGR of 13.9 %

Based on technology, the global biochar market is divided into gasification, cookstove, pyrolysis, and hydrothermal carbonization. The pyrolysis segment is expected to expand at a CAGR of 13.9 %, during the forecast period. The pyrolysis segment is considered as most efficient production process among other segments, which yields high carbon content. However, the gasification segment is anticipated to hold a steady share of the market in the coming years, due to the growing demand for electricity generation. Other processes such as cookstoves, and hydrothermal carbonization gain more profit and are used by small producers.

The forestry waste segment is anticipated to grow at a rapid pace

On the basis of feedstock, the global biochar market is divided into agricultural waste, animal manure, woody biomass, forestry waste, and residential waste. The forestry waste segment is anticipated to grow at a rapid pace.

The agriculture segment accounts for 72.3% of demand in the biochar market

Based on application, the global biochar market is divided into agriculture, electricity generation, animal farming, and others. The agriculture segment accounts for 72.3% of demand in the biochar market. Biochar plays a vital role in the agriculture segment as it improves the water and fertilizer holding capacity, improves soil‘s quality for products that enhance crop nutrition, and accelerates growth.

Geographical Overview

At a global level, the North American region was holding the highest market share in 2019. The large presence of manufacturers is expected to fuel the market growth in the region. Increasing demand for organic food products in US and Canada coupled with growing meat consumption in the region is expected to propel the biochar market growth over the forecasted period in the region. Whereas, the Asia Pacific region is considered the fastest-growing region with key players adopting expansion strategies in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of the Biochar Market with their high population base. Key factors such as changing eating habits, fast lifestyle, and a growing population of working-class women are driving Biochar Market in the Asia Pacific region.

Competitive Landscape

Key players competing in the global biochar market are, Avello Bioenergy; CharGrow USA LLC; Terra Humana Ltd.; Pyrocal Pty Ltd; Arstaeco; Biochar Now L.L.C.; ECOERA; American BioChar Company; ETIA S.A.S.

FAQs

Mention the market size of the Global Biochar in 2021?

The global biochar market size was valued at USD 8.6 Million in 2021 and is expected to surpass USD 25.3 Million by 2031.

During the forecast period, what is the CAGR of the market?

The CAGR during the forecast period is 12.6%.

What are the key drivers of the market?

The key drivers of the market are;

• To the growing demand for biochar in energy production
• Rising government policies for environmental protection
• Utilization of biochar for livestock feed.

What segments are covered in the Global Biochar report?

The segments covered in the report are technology (gasification, cookstove, pyrolysis, hydrothermal, carbonization), feedstock (agricultural waste, animal manure, woody biomass, forestry waste, and residential waste), application (agriculture, electricity generation, animal farming, and others)