USD 231.4 Million
Biochar Market Size, Share, Growth Analysis, By Feedstock (Woody Biomass, Agricultural Waste), By Technology (Pyrolysis, Gasification), By Application (Electricity Generation, Agriculture), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15C2016 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
92
|Figures:
75
Biochar Market Insights
Biochar Market size was valued at USD 231.4 Million in 2023 and is poised to grow from USD 261.71 Million in 2024 to USD 792.49 Million by 2032, growing at a CAGR of 13.1% during the forecast period (2025-2032).
Biochar refers to charcoal that is extracted with the help of biomass from agricultural waste. It reduces pollutants and toxic elements and prevents reducing moisture levels, soil leaching, and fertilizer runoff. Thus, environmental awareness among consumers drives the Biochar Market growth. Heavy collaboration among players, especially in the rural areas of emerging economies is also likely to drive the biochar market. These players use various technologies to produce biochar, and among these technologies, pyrolysis is the most preferred as it is efficient and effective. The revenue growth of biochar industry will expand by 14% between 2024-2031. The use of biochar in the water treatment process is projected to be another key use in the near future backed by increased demand for water treatment facilities, especially in emerging nations. Moreover, the manufacturing of biochar utilizing biogas and crop residue is likely to support market growth throughout the forecast period.
US Biochar Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Electricity Generation
Fastest Growth
Electricity Generation
Growth Rate
13.1% CAGR
Global Biochar Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Biochar Market Segmental Analysis
Global Biochar Market is segmented by Feedstock, Technology, Application and region. Based on Feedstock, the market is segmented into Woody Biomass, Agricultural Waste, Animal Manure, Others. Based on Technology, the market is segmented into Pyrolysis, Gasification, Others. Based on Application, the market is segmented into Electricity Generation, Agriculture, Animal Farming, Industrial Uses, Forestry, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Biochar Market Analysis by Technology
Pyrolysis segment has dominated the biochar market share, accounting for more than 37.3% of revenue in 2021. Among the different manufacturing technologies available, pyrolysis is the most efficient production process. Due to the high end-product output of high carbon content and the process's reliability, it is predicted to grow at a CAGR of 13.1% in terms of revenue during the forecast period. The increased demand for power has resulted in a moderate increase in the utilization of gasification technology. The technique is likely to lose market share over the forecast period since it does not produce stable biochar that can be used in agricultural applications. Small producers employ additional industrial methods to increase profits, such as hydrothermal carbonization, acid hydrolysis, and cooking stove.
Biochar Market Analysis by Application
Agriculture applications accounted for more than 60% of total biochar consumption in 2021. Biochar improves soil's biological productivity and increases water and nutrient holding capacity, which aids in crop nutrition and growth. However, a substantial percent of farmers are still unaware of the product's benefits. General farming is a major segment in agricultural applications that is predicted to grow significantly and augment total biochar market demand as a result of increased awareness among farmers by research groups and institutes.
Global Biochar Market By Application
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Biochar Market Regional Insights
Asia Pacific has dominated the Biochar Market, accounting for more than 27.5% of revenue in 2021. Regenerative agriculture is becoming increasingly popular in Asia-Pacific, since it improves soil biology, enhances fertility, and improves watersheds while absorbing carbon to mitigate the effects of climate change. Furthermore, with the growing need for quality food and the majority of the people being drawn to diverse organic crop foods in China, India, and Indonesia, the demand for biochar in various farming operations is increasing.
Global Biochar Market By Region
- Largest
- Fastest
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Biochar Market Dynamics
Biochar Market Driver
- Players are developing novel initiatives to hold their market position and to create awareness among people to use biochar. In 2019, an NGO called African Soils launched an initiative to raise awareness among the natives regarding the benefits of biochar. Companies such as Phoenix Energy, Pacific Pyrolysis, 3R ENVIRO Tech Group, and Cool Plant Power Systems Inc. are providing pyrolysis technology to produce energy solutions. Through this, they intend to gain a competitive advantage.
- Factors such as increasing demand for organic food, health consciousness, and increased consumer spending capacity are assisting this sector to grow exponentially in the coming years. Traditional farming, on the other hand, is still practiced in many rural regions because it produces a higher yield. With supportive initiatives from the government and commercial organizations, the use of biochar in mixed farming, zero tillage farming, and biodynamic agriculture would see rapid growth.
Biochar Market Restraint
- Biomass is used as the feedstock in the pyrolysis reactor, which has a set heating and gas flow rate, residence duration, and temperature. Following that, biochar can be created. There are certain byproducts of this process, such as gas and bio-oil. However, when biochar is applied to agricultural land, several prior research identified the following drawbacks: loss of land due to erosion, soil compaction during the application, risk of contamination, removal of crop residues, and reduction in worm life rates, These factors are creating a negative impact on the environment and could affect the biochar market in the forecasted year.
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Biochar Market Competitive Landscape
BSEI, Airex Energy Inc., and Diacarbon Energy are key stakeholders in the Biochar manufacturing process. Several key institutes are engaged in an innovation program, Aberystwyth University, Massey University, the Federal Rural University of the Amazon, and the University of East Anglia are just a few of the research institutions involved in biochar production and R&D. The market is still at a nascent stage of development, and therefore it will take some time for full market penetration by new players. There are small and large players in the Biochar Industry that are collaborating and launching new and better products. Furthermore, to maintain biochar market share and diversify product portfolios, major players frequently pursue strategies such as mergers and acquisitions, partnerships, and new product launches.
Biochar Market Top Players Company Profiles
- Biochar Products, Inc.
- Biochar Supreme, LLC
- ArSta Eco
- Carbon Gold Ltd
- Airex Energy Inc.
- Pacific Biochar Benefit Corporation
- Earth Systems Bioenergy
- Cool Planet Energy Systems
- Pacific Pyrolysis Pty Ltd
- Agri-Tech Producers LLC
- Genesis Industries LLC
- Full Circle Biochar
- The Biochar Company
- Green Charcoal International
- Clean Fuels B.V.
Biochar Market Recent Developments
- In November 2021, Vale SA announced a 60-70 million Chinese yuan investment in China Baowu Steel Group Corp. Ltd.'s pilot biochar plant project. Under the provisions of the MOU, the parties agreed to collaborate to develop steelmaking solutions that cut greenhouse gas emissions.
- In June 2021, Wakefield Biochar has agreed to develop an industry-scale Biogreen system at Wakefield's facility in Valdosta, Georgia, USA, with a wholly-owned subsidiary of Vow ASA (jointly referred to as "Vow"). Drying equipment, biochar synthesis using proprietary Biogreen technology, and the conversion of CO2-neutral syngas into energy for biomass drying are all part of the USD 5.15 million turn-key systems that Vow will deliver and commission in 2022.
Biochar Key Market Trends
- Environment-conscious consumers are now using organic products in every aspect of their lives, and therefore they have seen the benefits that come with the use of biochar. This trend will further boost market growth. Biochar used in waste management will also lead to positive market growth. There are now numerous companies that produce biochar.
- An increase in research and development activities is yet another biochar market trend that can be observed. Various educational institutions such as universities are involved in research activities. One interesting example comes from Langara College as they implemented a project to find new techniques to produce and use biochar. Such projects are creating further growth opportunities for the market.
- Biochar is now being used in agricultural activities and thus, boosting the growth of the market. This scenario is mainly evident in developing countries, as they have realized that using biochar boosts soil fertility and also other properties of soil. This, in turn, facilitates the healthy production of crops which increases the production efficiency. Hence, using biochar can lead to proper and efficient land cultivation while reducing emissions. Biochar is used in farming activities of both developed and developing countries with the help of technology.
Biochar Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Agriculture application dominated the Biochar market, accounting for more than 60% of global biochar consumption in 2021. Asia Pacific dominated the market in 2021, accounting for more than 27.5% of total revenue. Regenerative agriculture is gaining popularity in Asia-Pacific because it improves soil biology, fertility, and watersheds while also absorbing carbon to alleviate climate change consequences.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 231.4 Million |
| Market size value in 2032 | USD 792.49 Million |
| Growth Rate | 13.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Biochar Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Biochar Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Biochar Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biochar Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biochar Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Biochar Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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