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Biochar Market - By Product Form (Liquid Suspension, Fine Powder, Coarse and Fine Chips, Pellets, Granules and Prills), By Technology (Pyrolysis, Gasification, Hydrothermal Carbonization, Others), By Feedstock Type (Corn Straw and Rice Straw, Gasified Rice Hulls, Biosolids and Green Waste, Hard Wood, Switchgrass, Timber Harvest Residues, Others), By Application (Electricity Generation, Livestock Feed, Soil Amendment, Forestry, Industrial Use, Waste Water Treatment, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030
Biochar Market Overview:
The Biochar Market size is estimated to reach $645 million by 2030, growing at a CAGR of 13.4% during the forecast period 2023-2030. Biochar is a carbon-abundant substance prepared from organic waste and biomass. Lignocellulosic biomass is principally formed of hemicellulose, cellulose and lignin. Biochar and biofuels are among the numerous solutions suggested to reduce global warming. Slow pyrolysis for biochar generation has many benefits including waste management.
Engineered biochar can be used for environmental amendment, in-depth research of biochar in the generation of biofuel and surging applications of biochar are driving the Biochar Market growth. In 2022, As per the report of the Blue Forest Conservation University (BFCU) of California, in the U.S., over 3 billion tons of biochar are used to improve soil health. According to MDPI, there is a lack of government regulation for the use of biochar for soil amendments in Europe and therefore over 90% of total biochar produced in the region goes into livestock to combine it with feed or applied to litter.
Additionally, several governments worldwide are promoting biochar use through financial incentives, subsidies and other policy initiatives. For instance, the European Union Horizon (EUH) 2020 project has supported the research on the application of biochar in agriculture. Biochar has potential use in industries such as construction, energy and water treatment in Industrial applications.
Market Snapshot:
Biochar Market - Report Coverage:
The “Biochar Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biochar Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
- The COVID-19 pandemic has led to disruptions in the supply chain, decreased production and reduced demand for some end-use applications. Restrictions on international trade, closure of borders and reduced production capacity have made it difficult for manufacturers to obtain the necessary raw materials and transport finished products to customers. This has caused an increase in prices and delays in delivery for a few biochar products. On the other hand, there has been an increase in demand for certain biochar products owing to their potential for use in soil remediation and sustainable agriculture.
- Ukraine is a major producer of biomass feedstocks such as wood chips, straw, and agricultural residues which are used as raw materials for producing biochar. The conflict has disrupted the supply chains for these feedstocks which lead to shortages and higher prices for biochar producers.
Key Takeaways:
Dominance of the Asia-Pacific Region
Geographically, the Asia-pacific region held the major revenue of $152 million in 2022 in the global Biochar Market owing to the existence of a huge developing agricultural sector in burgeoning economies like India together with the surging production of biochar for waste management in the Asia-Pacific region. In 2022, as per science direct report on Biochar production from crop residues report, the biochar potential of agricultural crop residues such as wheat, rice, sugarcane and maize accounts for 89% of total agricultural production and are used in the thermal power plant to replace coal in India.
Fastest Growth in Livestock Feed Segment
Based on Application, the Livestock Feed in Biochar Market analysis is estimated to grow with the highest CAGR of 14.6% during the forecast period of 2023-2030. Feed supplement for livestock has been shown to have potential benefits such as improving feed conversion rates, reducing odors and greenhouse gas emissions from manure, as well as promoting animal health and well-being.
Dominance of Pyrolysis as per Biochar Market Analysis
Based on Technology, the Pyrolysis segment dominated the biochar market revenue of $129 million in 2022 owing to the surging investigations on pyrolysis properties of hemicellulose, cellulose and lignin together with the snowballing application of pyrolysis on organic wastes resulting in bio-oil and syngas during waste management.
Steep Rise in Biofuel Generation to Drive the Biochar Industry
Lignocellulosic biomass formed of hemicellulose, cellulose and lignin can be applied as remediation applications for the environment. Each ton of biomass generates around 400 lbs of biochar by weight, which is equivalent to around a half ton of CO2 which is only 27% carbon. Biochar with some functionalization may be transformed into functional materials finding use in catalysis for the generation of biofuel. In 2023, as per the Energies report, global biofuel production had increased by about 16% or 2.7 million fuel barrels per day and approximately 90% of biofuel is used globally.
Surging Applications of Biochar to Drive the Market Growth
Engineered biochar can be obtained from organic wastes like sewage sludge. Co-production of syngas and bio-oil with biochar makes pyrolysis more sustainable. As per the meta-analysis report, cluster analysis disclosed that biochar-based fertilizers have the potential to boost crop productivity by 15% when included in soils that are not responsive to traditional fertilizers.
Decrease in Yields in Certain Cases and Other Issues to Hamper the Market Growth
In certain cases, yields may decrease due to the biochar sorption of nutrients and water, which decreases the accessibility of these resources for the crops. Biochar applications greater than or equal to the need; to be avoided to reduce human cancer risks. These are some of the factors hampering the growth of the Biochar Market.
Biochar Market Share (%) by Region, 2022
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Biochar Market adopt. The top 10 companies in this industry are listed below:
- Airex Energy (Airex Industries Inc.) (BiocharFX)
- Biochar Industries (Biochar – BIOCHARPROJECT)
- Biochar Supreme, LLC (Black Owl (TM) Premium Organic biochar)
- Swiss Biochar GmbH (Pflanzhumus – Plant humus, Bodenaktivator – Soil activator)
- ArSta eco Pvt Ltd (Arsta Biochar)
- BlackCarbon A/S (Biochar from BC300, woodchip based - BLACKCARBON® technology)
- Carbon Terra GmbH (Biochar produced through Schottdorf-Meiler technology)
- Earthly Biochar (CARBON NEGATIVE BIOCHAR)
- Carbonis GmbH & Co. KG (Feeding char)
- Farm2Energy Pvt. Ltd (Biochar)
Scope of the Report:
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1. Biochar Market Overview
1.1 Definitions and Scope
2. Biochar Market – Executive Summary
3. Biochar Market – Market Landscape
3.1 Company Benchmarking – Key Companies
3.2 Key Company Financial Analysis
3.3 Market Share Analysis – Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Biochar Market – Startup Company Scenario (Premium)
4.1 Investment
4.2 Revenue
4.3 Venture Capital and Funding Scenario
5. Biochar Market – Market Entry Scenario Premium (Premium)
5.1 Regulatory Scenario
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Biochar Market – Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter’s Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Biochar Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle Analysis
8. Biochar Market – by Product Form (Market Size - $Million/$Billion)
8.1 Liquid Suspension
8.2 Fine Powder
8.3 Coarse and Fine Chips
8.4 Pellets, Granules and Prills
9. Biochar Market – by Technology (Market Size - $Million/$Billion)
9.1 Pyrolysis
9.2 Gasification
9.3 Hydrothermal Carbonization
9.4 Others
10. Biochar Market – by Feedstock Type (Market Size - $Million/$Billion)
10.1 Corn Straw and Rice Straw
10.2 Gasified Rice Hulls
10.3 Biosolids and Green Waste
10.4 Hard Wood, Switchgrass
10.5 Timber Harvest Residues
10.6 Others
11. Biochar Market – by Application (Market Size - $Million/$Billion)
11.1 Electricity Generation
11.2 Livestock Feed
11.3 Soil Amendment
11.4 Forestry
11.5 Industrial Use
11.6 Wastewater Treatment
11.7 Others
12. Biochar Market – by Geography (Market Size - $Million/$Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 Germany
12.2.2 France
12.2.3 U.K.
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Chile
12.4.4 Colombia
12.4.5 Rest of South America
12.5 Rest of the World
12.5.1 Middle East
12.5.2 Africa
13. Biochar Market – Market Entropy
13.1 New product launches
13.2 M&A’s, collaborations, JVs and partnerships
14. Biochar Market – Industry Competition Landscape (Premium)
14.1 Market Share Analysis
14.1.1 Market Share by Technology – Key Companies
14.1.2 Market Share by Country – Key Companies
14.1.3 Market Share by Region – Key Companies
14.2 Competition Matrix
14.3 Best Practices for Companies
15. Biochar Market – Key Company List by Country Premium (Premium)
16. Biochar Market – Company Analysis
16.1 Airex Energy (Airex Industries Inc.)
16.2 Biochar Industries
16.3 Biochar Supreme, LLC,
16.4 Swiss Biochar GmbH,
16.5 ArSta eco Pvt Ltd,
16.6 BlackCarbon A/S,
16.7 Carbon Terra GmbH
16.8 Earthly Biochar
16.9 Carbon is GmbH & Co. KG
16.10 Farm2Energy Pvt. Ltd.
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The Biochar Market is forecast to grow at 13.4% during the forecast period 2023-2030.
The Global Biochar Market size is estimated to be $267 million in 2023 and is projected to reach $645 million by 2030.
The leading players in the Biochar Market are Airex Energy (Airex Industries Inc.), Biochar Industries, Biochar Supreme, LLC, Swiss Biochar GmbH, ArSta eco Pvt Ltd and others.
The major Biochar Market trends are the suitable coupling of organic farming with biochar and a boost in crop yields through biochar soil amendments in nutrient-poor soils.
Rising demand for sustainable techniques of soil fertility enhancement and contaminant immobilization are driving the Biochar Market growth. Research and development on the application of wood biochar to amend aluminum (Al) toxicity are posing opportunities for the market.