Product Code: A11816
The biochar market was valued at $204.6 million in 2021 and is estimated to reach $695.1 million by 2031, exhibiting a CAGR of 13.1% from 2022 to 2031.
Biochar is a charcoal produced from the pyrolysis of biomass in the absence of oxygen. It is a porous and carbon-rich solid that possesses cation exchange capacity (CEC). It is widely used in soil amendment applications to enhance soil quality and plant nutrition. In addition to this, it is used as a prime animal feed supplement to enhance the digestion, blood formation, and nutrition intake efficiency of cattle (cows and goats).
The growth in population has surged the demand for crops, which in turn has generated better momentum for the agricultural sector. For instance, according to a report published by India Brands Equity Foundation, the export for total agriculture and allied products stood at $41.25 billion in 2021. Moreover, factors such as rapid urbanization and climate change have led to land degradation for farming activities. This has led the farmers to increase their crop yield to fulfill the growing global food demand.
Biochar acts as a sustainable product for soil health and fertility by enhancing the soil pH, nutrient retention, and moisture content. In addition to this, it reduces the need for commercial fertilizers; thus, making agriculture a profitable business. This has led farmers to become more linear toward using biochar for various soil amendment activities in the agricultural sector. This factor is projected to positively drive the growth of the biochar market during the forecast period.
Moreover, biochar is a pyrogenic carbonaceous matter that is derived from organic-carbon-rich materials. Biochar supplementation has shown positive responses in animal feeding such as cattle, goats, chicken, pigs, and fish. It is used as a feed additive in several ruminants (cattle and goats) to improve blood profiles, growth performance, egg yield, and ability to resist pathogens. Moreover, it has high levels of calcium, potassium, and magnesium that reduce the incidence of cracked eggs in hens. Furthermore, it promotes the growth and survival rate of fish. These factors have surged the popularity of biochar in animal feeding; thus, boosting the growth of the biochar market.
In addition to this, the increase in industrialization in both developed and developing economies such as the U.S., China, India, and others where biochar gasification is widely employed for running turbines in large-scale industries may boost the growth of the biochar market. In addition to this, there is a rapid surge in rural electrification activities, particularly in developing economies where biochar gasification plays a major role in power generation. This may act as one of the key drivers responsible for the growth of the biochar market during the forecast period.
Furthermore, an increase in R&D activities has surged the use of biochar gasification in coal blending. For instance, the United States Department of Energy (USDOE) has developed a modular design biochar gasification system that aids the conversion of domestic coal blends, municipal solid waste (MSW), and waste plastic into clean synthesis gas. This event is anticipated to fuel the growth of the biochar market in the future. However, drawbacks associated with the use of biochar are anticipated to hamper the market growth.
On the contrary, the increasing R&D activities have surged the potential applications of biochar in several end-use sectors. For instance, the textile industry has started using biochar as a fabric additive. Moreover, it is highly effective in dye adsorption from wastewater generated during textile washing. In addition, it is often used as an additive in combination with clay, lime, and cement mortar for plastering bricks and concrete elements. It is also used as a shield against electromagnetic radiation in the electronics industry. Furthermore, biochar has given excellent results in the water-treatment sector at low costs. These factors are anticipated to increase the sales of biochar in several end-use sectors; thus, creating lucrative opportunities for the market.
The biochar market is segmented on the basis of production technology, application, and region. On the basis of production technology, the market is categorized into pyrolysis, gasification, and others. On the basis of application, it is divided into a soil amendment, animal feed, industrial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global biochar market profiles leading players that include: FARM2ENERGY Private LIMITED, Pacific Biochar Production, Karr Group Co. (KGC), Proactive Agriculture, Airex Energy Inc., Coaltec Energy USA, Frontline Bioenergy Ltd., Arsta Eco Pvt Ltd, Biochar Supreme, Carbofex Ltd. The global biochar market report provides an in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biochar market analysis from 2021 to 2031 to identify the prevailing biochar market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the biochar market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global biochar market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Production Technology
- Pyrolysis
- Gasification
- Others
By Application
- Soil Amendment
- Animal Feed
- Industrial
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- FARM2ENERGY Private LIMITED
- Pacific Biochar Production
- Karr Group Co. (KGC)
- Proactive Agriculture
- Airex Energy Inc.
- Coaltec Energy USA
- Frontline Bioenergy Ltd.
- Arsta Eco Pvt Ltd
- Biochar Supreme
- Carbofex Ltd.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Escalating demand from agricultural sector
- 3.4.1.2. Increasing use of biochar in animal feeding
- 3.4.1.3. Robust demand from building & construction
- 3.4.1.4. Growing demand from water treatment sector
- 3.4.1.5. Renewable raw material sources
- 3.4.2. Restraints
- 3.4.2.1. High investment costs
- 3.4.3. Opportunities
- 3.4.3.1. Emerging applications of biochar
- 3.4.3.2. Growth in corporate social responsibility (CSR)
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Key Regulation Analysis
- 3.7. Patent Landscape
- 3.8. Pricing Analysis
- 3.9. Value Chain Analysis
CHAPTER 4: BIOCHAR MARKET, BY PRODUCTION TECHNOLOGY
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Pyrolysis
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Gasification
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Others
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: BIOCHAR MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Soil Amendment
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Animal Feed
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Industrial
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: BIOCHAR MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Production Technology
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Key market trends, growth factors and opportunities
- 6.2.4.1.2. Market size and forecast, by Production Technology
- 6.2.4.1.3. Market size and forecast, by Application
- 6.2.4.2. Canada
- 6.2.4.2.1. Key market trends, growth factors and opportunities
- 6.2.4.2.2. Market size and forecast, by Production Technology
- 6.2.4.2.3. Market size and forecast, by Application
- 6.2.4.3. Mexico
- 6.2.4.3.1. Key market trends, growth factors and opportunities
- 6.2.4.3.2. Market size and forecast, by Production Technology
- 6.2.4.3.3. Market size and forecast, by Application
- 6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Production Technology
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Key market trends, growth factors and opportunities
- 6.3.4.1.2. Market size and forecast, by Production Technology
- 6.3.4.1.3. Market size and forecast, by Application
- 6.3.4.2. UK
- 6.3.4.2.1. Key market trends, growth factors and opportunities
- 6.3.4.2.2. Market size and forecast, by Production Technology
- 6.3.4.2.3. Market size and forecast, by Application
- 6.3.4.3. France
- 6.3.4.3.1. Key market trends, growth factors and opportunities
- 6.3.4.3.2. Market size and forecast, by Production Technology
- 6.3.4.3.3. Market size and forecast, by Application
- 6.3.4.4. Spain
- 6.3.4.4.1. Key market trends, growth factors and opportunities
- 6.3.4.4.2. Market size and forecast, by Production Technology
- 6.3.4.4.3. Market size and forecast, by Application
- 6.3.4.5. Italy
- 6.3.4.5.1. Key market trends, growth factors and opportunities
- 6.3.4.5.2. Market size and forecast, by Production Technology
- 6.3.4.5.3. Market size and forecast, by Application
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Key market trends, growth factors and opportunities
- 6.3.4.6.2. Market size and forecast, by Production Technology
- 6.3.4.6.3. Market size and forecast, by Application
- 6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Production Technology
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Key market trends, growth factors and opportunities
- 6.4.4.1.2. Market size and forecast, by Production Technology
- 6.4.4.1.3. Market size and forecast, by Application
- 6.4.4.2. Japan
- 6.4.4.2.1. Key market trends, growth factors and opportunities
- 6.4.4.2.2. Market size and forecast, by Production Technology
- 6.4.4.2.3. Market size and forecast, by Application
- 6.4.4.3. India
- 6.4.4.3.1. Key market trends, growth factors and opportunities
- 6.4.4.3.2. Market size and forecast, by Production Technology
- 6.4.4.3.3. Market size and forecast, by Application
- 6.4.4.4. South Korea
- 6.4.4.4.1. Key market trends, growth factors and opportunities
- 6.4.4.4.2. Market size and forecast, by Production Technology
- 6.4.4.4.3. Market size and forecast, by Application
- 6.4.4.5. Australia
- 6.4.4.5.1. Key market trends, growth factors and opportunities
- 6.4.4.5.2. Market size and forecast, by Production Technology
- 6.4.4.5.3. Market size and forecast, by Application
- 6.4.4.6. Indonesia
- 6.4.4.6.1. Key market trends, growth factors and opportunities
- 6.4.4.6.2. Market size and forecast, by Production Technology
- 6.4.4.6.3. Market size and forecast, by Application
- 6.4.4.7. Vietnam
- 6.4.4.7.1. Key market trends, growth factors and opportunities
- 6.4.4.7.2. Market size and forecast, by Production Technology
- 6.4.4.7.3. Market size and forecast, by Application
- 6.4.4.8. Thailand
- 6.4.4.8.1. Key market trends, growth factors and opportunities
- 6.4.4.8.2. Market size and forecast, by Production Technology
- 6.4.4.8.3. Market size and forecast, by Application
- 6.4.4.9. Rest of Asia-Pacific
- 6.4.4.9.1. Key market trends, growth factors and opportunities
- 6.4.4.9.2. Market size and forecast, by Production Technology
- 6.4.4.9.3. Market size and forecast, by Application
- 6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Production Technology
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Key market trends, growth factors and opportunities
- 6.5.4.1.2. Market size and forecast, by Production Technology
- 6.5.4.1.3. Market size and forecast, by Application
- 6.5.4.2. Saudi Arabia
- 6.5.4.2.1. Key market trends, growth factors and opportunities
- 6.5.4.2.2. Market size and forecast, by Production Technology
- 6.5.4.2.3. Market size and forecast, by Application
- 6.5.4.3. South Africa
- 6.5.4.3.1. Key market trends, growth factors and opportunities
- 6.5.4.3.2. Market size and forecast, by Production Technology
- 6.5.4.3.3. Market size and forecast, by Application
- 6.5.4.4. Rest of LAMEA
- 6.5.4.4.1. Key market trends, growth factors and opportunities
- 6.5.4.4.2. Market size and forecast, by Production Technology
- 6.5.4.4.3. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
- 8.1. Airex Energy Inc.
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Key strategic moves and developments
- 8.2. Arsta Eco Pvt Ltd
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.3. Biochar Supreme
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.4. Coaltec Energy USA
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.5. FARM2ENERGY Private LIMITED
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.6. Frontline Bioenergy Ltd.
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.7. Karr Group Co. (KGC)
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.8. Pacific Biochar Production
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.9. Proactive Agriculture
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.10. Carbofex Ltd.
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio