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2022
Biochar Market

Biochar Market by production technology (Pyrolysis, Gasification, and Others), Application (Soil Amendment, Animal Feed, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11816
Pages: 215
Jan 2022 | 3603 Views
Author(s) : Nikhil Mittal , Eswara Prasad
Tables: 140
Charts: 47
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COVID-19

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Biochar Market Research, 2030

The global biochar market was valued at $170.9 million in 2020, and is projected to reach $587.7 million by 2030, growing at a CAGR of 13.2% from 2021 to 2030.

Statement for COVID-19 banner: The biochar market has been negatively impacted due to the wake of COVID-19 pandemic owing to its dependence on agriculture, building & construction, and other sectors. According to a survey conducted by Food and Agriculture Organization of United Nations (FAO), small scale producers have faced severe challenges accessing inputs such as seeds and fertilizers owing to increased prices.

Biochar is a charcoal, mainly produced from pyrolysis of biomass in an oxygen-free atmosphere. It is carbon-rich sustainable solid material that is widely used in soil amendment applications to enhance the soil quality, plant growth, and crop yield. In addition to this, it is also used as a prime animal feed supplement to stimulate digestion, toxin adsorption, nutrition intake efficiency, and blood values in cattle (cows and goats).

Biochar-Market

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Increasing population has surged the demand for crops, which in turn has led the farmers to become more linear toward using biochar for increasing their crop yield. This may act as one of the key drivers for the growth of the biochar market during the forecast period. In addition, biochar supplementation has shown positive response 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, and ability to resist pathogens. Moreover, it has high levels of calcium, potassium, and magnesium that reduce the incidence of cracked eggs in hens. These factors has surged the popularity of biochar in animal feeding; thus boosting the growth of the biochar market.

However, biochar production is a costly process as it requires various sophisticated and expensive pyrolysis equipment. Also, the pyrolysis gas obtained during biochar production is costly to store and transport as it requires oxygen-free atmosphere maintained at specific temperature. This restrains the manufacturers with less investment potential to enter into biochar market. This may hamper the growth of the biochar market.

On the contrary, increasing R&D activities have surged the potential applications of biochar in several end-use sectors. For instance, textile industry has started using biochar as fabric additive. Moreover, it is highly effective in dye adsorption from wastewater generated during textile washing. In addition, it is often used as additive in combination with clay, lime, and cement mortar for plastering bricks and concrete elements. These factors are anticipated to offer new opportunity in the global biochar market.

The global biochar market analysis is done on the basis of production technology, application, and region. Depending on production technology, the market is divided into pyrolysis, gasification, and others. On the basis of application, it is fragmented into soil amendment, animal feed, industrial, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major companies profiled in this report include Airex Energy Inc., ArSta Eco Pvt Ltd., Biochar Supreme, Coaltec Energy USA, Farm2Energy Pvt. Ltd, Frontline BioEnergy LLC, KARR Group Co. (KGC), Pacific Biochar Corporation, Phoenix Energy, and ProActive Agriculture.

Biochar market, by region

The Asia-Pacific biochar market size is projected to grow at the highest CAGR of 13.8% during the forecast period and accounted for 70.2% of biochar market share in 2020. This is attributed to the rising livestock and agriculture sector which in turn has enhanced the performance of biochar in the Asia-Pacific region. For instance, according to a report published by a research journal named Science Advances, the number of livestock units in China tripled in the past 10 years. Also, countries such as India and Australia are witnessing a rapid increase in agriculture sectors where biochar is widely used for soil amendment purposes. For instance, according to a report published by India Brands Equity Foundation, the gross value added by agriculture, fishing, and forestry was estimated at $276.37 billion in 2020.

Biochar Market
By Region

2030
Apac 
North America
Europe
Lamea

Asia Pacific is the fastest growing region

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Biochar market, by production technology

In 2020, the pyrolysis segment was the largest revenue generator, and is anticipated to grow at a CAGR of 13.4% during the forecast period. This is attributed to the fact that pyrolysis is among the most commonly used method for producing biochar. Furthermore, it produces several other key components such as bio-oil and syngas that can be used as a prime energy source for power generation. This has led the manufacturers to become more linear toward using pyrolysis process for manufacturing biochar. This factor is escalating the growth of this segment in the global market.

Biochar Market
By Production Technology

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Pyrolysis is the fastest growing segment

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Biochar market, by application

By application, the soil amendment segment dominated the global market in 2020, and is anticipated to grow at a CAGR of 13.5% during the forecast period. This is attributed to increase in government spending to promote agricultural activities in both developed and developing economies where biochar is widely used to enhance the soil fertility. In addition, increasing awareness among farmers for using sustainable products to enhance the soil quality and crop yield has surged the sales of biochar for soil amendment applications. These factors are augmenting the growth of the soil amendment segment in the global biochar market.

Biochar Market
By Application

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Soil Amendment is the most lucrative segment

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Key Benefits For Stakeholders

  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current biochar market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Global Biochar Market

  • The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.
  • The major end-users of biochar such as livestock, industrial, building & construction, metal processing, and other sectors, have been negatively impacted due to the ongoing pandemic outbreak.
  • The ongoing health crisis has increased the supply-demand gap, hampering the global biochar supply chain.  
  • Also, several chemical manufacturing industries have either shut down or shrank their operations due to the risk of infections among the workforce where biochar is widely used for air filtration applications in heating, ventilation, and air conditioning (HVAC) units.    
  • Moreover, more than 100 countries have locked their international borders for transportation and non-essential trade activities, which in turn have reduced the use of biochar among several end-use sectors.
  • In addition, the falling income has led to a contraction of the demand for biochar among the building & construction sector. For instance, according to a report published by International Labor Organization, the impact on construction enterprises has been significant, with many facing liquidity problems.
  • Also, COVID-19 has put a temporary brake on various construction infrastructure projects, which in turn has shrunk the demand for biochar among the metal processing and building & construction sectors.
  • In 2020, biochar prices are expected to be higher in Asia. The price rise is due to continued regional demand trends and tight product availability. Firm downstream demand for biochar and stronger upstream costs are expected to sustain the price gain.

Key Market Segments

  • By Production Technology
    • Pyrolysis
    • Gasification
    • Others
  • By Application
    • Soil Amendment
    • Animal Feed
    • Industrial
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • Saudi Arabia
      • South Africa
      • Rest of LAMEA
  • Key players in the global biochar market are:
    • Airex Energy Inc.
    • ArSta Eco Pvt Ltd.
    • Biochar Supreme
    • Coaltec Energy USA
    • Farm2Energy Pvt. Ltd.
    • Frontline BioEnergy LLC
    • KARR Group Co. (KGC)
    • Pacific Biochar Corporation
    • Phoenix Energy
    • ProActive Agriculture
 

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According to CXOs of leading companies, the global biochar market is expected to exhibit high growth potential. The addition of biochar in soil enhances soil nutrition, moisture retention, and microbial flora; thus increases the overall crop yield and productivity. Furthermore, it is increasingly used as a regular feed supplement to improve animal health, and nutrient intake efficiency. It gets enriched with nitrogen-rich organic compounds during the digestion process that enhances the toxin adsorption, digestion, and blood values in cattle.

In addition, biochar is employed as substitute over activated carbon for use in heating, ventilation, and air condition (HVAC) units and water treatment facilities. Also, factors such as increasing awareness for using sustainable products, easy availability, and novel inventions for application of biochar in several end-use industries may enhance the performance of biochar market.

The CXOs further added that sustained economic growth and the development of agriculture sector have surged the popularity of biochar.

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FREQUENTLY ASKED QUESTIONS?

A. The global biochar market is growing at a CAGR of 13.2% from 2021 to 2030.

A. The global biochar market was valued at $170.9 million in 2020, and is projected to reach $587.7 million by 2030, growing at a CAGR of 13.2 from 2021 to 2030.

A. The report sample for global biochar market report can be obtained on demand from the website.

A. Escalating demand from agriculture sector and increasing use of biochar in animal feeding are expected to drive the biochar market growth.

A. Airex Energy Inc., ArSta Eco Pvt Ltd., Biochar Supreme, Coaltec Energy USA, Farm2Energy Pvt. Ltd, Frontline BioEnergy LLC, KARR Group Co. (KGC), Pacific Biochar Corporation, Phoenix Energy, and ProActive Agriculture are the leading players in biochar market.

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

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