PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1563739
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1563739
Biochar Market Assessment, By Technology [Pyrolysis, Gasification, Others], By Application, [Agriculture, Animal Farming, Industrial Uses, Other], By Region, Opportunities and Forecast, 2017-2031F
Global biochar market is expected to observe a CAGR of 13.62% during the forecast period 2024-2031, rising from USD 335.12 million in 2023 to USD 930.60 million in 2031. Environmental awareness, lower cost of raw materials, and cohesive government policies for waste management are the key drivers for the growth of the global biochar market. The industry includes large-scale manufacturers and a growing number of small and medium-scale manufacturers in North America and Europe.
In rural areas of countries such as China, Japan, Brazil, and Mexico, biochar is produced in collaboration with research groups and institutions. A number of organized players in the industry are manufacturing high-quality biochar to fulfill the demand from the organic food sector. The full potential of biochar has not been tapped in sectors other than agriculture. Biochar is used as a fabric additive in the textile industry, as a raw material in building materials, and as a shield against electromagnetic radiation in the electronics industry. Demand for the agricultural sector will be a major driver of growth. Raw materials such as wood waste, forest waste, agricultural waste, and animal manure are used in the production of biochar.
Biochar is widely recognized for enhancing soil fertility by improving water retention, aeration, and nutrition, which drives the demand for biochar in agricultural applications. Biochar promotes the growth of beneficial soil microorganisms to improve plant health and crop yields, which boosts the biochar market size globally. Biochar acts as a carbon sequestration tool as it helps to reduce greenhouse gas emissions, which helps to maintain the sustainability of the environment. In the context of rising global concerns over climate change, biochar offers a sustainable solution to lower the carbon footprint of agricultural practices.
For instance, in September 2024, Samunnati decided to launch Carbon Incubator Facility Biochar to empower FPOs and farmers to integrate carbon projects into farming operations.
Environmental Benefits of Biochar to Drive the Market Growth
The biochar market is growing fast due to the environmental benefits of carbon sequestration, soil improvement, and pollution reduction. Biochar from biomass is getting attention for its climate change mitigation and soil health benefits. Biochar is produced by pyrolysis, gasification, or hydrothermal carbonization of organic materials such as forestry waste and agricultural residues. Biochar's ability to sequester atmospheric carbon in the soil, reduce greenhouse gas emissions, improve soil fertility, increase agricultural productivity, and reduce environmental contaminants will support the growing demand for biochar in the agriculture industry. Technology, regulations, and sustainability goals are driving the biochar market size in the forecast period.
In January 2024, the biochar material acts as a stable carbon sink by sequestering the CO2 contained in the biomass. The European Biochar Industry Consortium (EBI) estimates that biochar produced in the European Union could accumulate to 6 million tons of CO2 by 2030 and over 100 Mt by 2040.
Rise in Sustainable Livestock Farming and Waste Management to Boost Market Demand
Biochar offers multiple benefits to livestock farming and waste management sectors by improving environmental sustainability, enhancing animal health, and managing waste effectively. Currently, biochar is being adopted as a feed additive in sustainable livestock farming to help improve animal health. Biochar enhances digestion, reduces the production of enteric methane, and improves nutrient absorption in livestock when mixed with animal feed.
Livestock farming generates large amounts of organic waste, including manure and other by-products, which may cause significant environmental issues. Biochar may be used to overcome the problem related to Traditional waste disposal methods. As biochar aligns with zero-waste and circular economy goals, biochar technologies can be produced from organic waste and agricultural residues, which becomes a valuable technology for managing farm waste sustainably.
For instance, NetZero has secured USD 19.5 million from government-backed impact investor STOA Infra & Energy. The capital infusion aims to support the expansion of establishing new biochar plants in Brazil.
Government Policies for Environment Protection to Boost Market Growth
Industrialization has led to a massive increase in carbon emissions and climate change. Production of biochar may reduce land clearing for agriculture and wood gathering from shrinking forests. Governments around the world are promoting the adoption of renewable technology through tax incentives such as state sales tax exemptions, state income tax credits, corporate income tax deductions, and local property tax exemptions to produce biochar. Federal-level incentives such as modified accelerated cost recovery system (MACRS), tax subsidies, and business tax incentives are available for biochar manufacturers. Government schemes such as the Renewable Heat Incentive (RHI) are gaining traction in developing countries are driving the growth of the biochar market.
For instance, in March 2023, the American Farmland Trust, National Center for Appropriate Technology, and U.S. Biochar Initiative released a report called Recommendations to Scale Up Sustainable Biochar Research and Commercialization for Agriculture and Conservation. This development help in increasing awareness regarding the use of biochar in agriculture.
Pyrolysis Segment to Dominate the Market Share
Pyrolysis is the most popular production technology due to its affordability, convenience, and ability to handle various feedstocks. Pyrolysis is the process of making charcoal from wood. The method retains more carbon and minimizes emissions, which makes the process eco-friendly. Slow pyrolysis is adaptable to various feedstock types, including woody biomass and agricultural waste, and has applications in soil improvement, carbon sequestration, and environmental remediation. Fast pyrolysis rapidly heats biomass materials to produce bio-oil and biochar. Fast pyrolysis is suitable for certain feedstock types, especially lignocellulosic materials, and it produces biochar and with bio-oil products. The demand for alternative energy sources and biochar technology's ability to convert various biomass materials is boosting the biochar market demand.
Agriculture Accounts for the Majority of the Market Share
Livestock farming is a crucial application for biochar. Government support for organic farming will create a significant opportunity for the biochar market. Emerging markets, such as China and India, are seeing growing demand for organic feed for crop production. Factors such as growing demand for organic food, health awareness, and consumer spending power will support organic farming growth. Conventional farming is popular in rural areas due to higher yields. Biochar is used in mixed farming, zero tillage farming, and biodynamic farming to increase the production of crops.
According to the article published by the UK Center for Ecology & Hydrology in June 2024, small amounts of biochar in soil could increase the amount of nutrients essential for crop growth, which boosts crop yield, leading to the development of the market.
North America to Dominate the Market Share
North America, specifically the United States and Canada, is the biggest producer and consumer of biochar due to its advanced agricultural sector and interest in soil redemption for soil fertility, water retention, and crop productivity. Biochar is used in agriculture as a soil amendment, which improves soil fertility, water retention, and nutrient efficiency. With North America's significant agricultural sector, particularly in the U.S. and Canada, farmers are increasingly adopting biochar to improve crop yields and reduce the need for chemical fertilizers. Sustainable farming practices are gaining importance, and biochar provides a solution that improves carbon sequestration while enhancing soil health, which derives the biochar market in North America.
In 2021, Wakefield declared to deploy an industrial-scale Bio green system in Georgia, the United States, under a contract signed with Vow ASA. It will meet the rapidly expanding need for high-quality biochar by converting biomass and residue into biochar.
Future Market Scenario (2024 - 2031F)
The biochar market is expected to grow fast with technological advancements in production methods in the forecast years.
The farming application segment will continue to have a significant share as biochar benefits soil enhancement and carbon sequestration.
Environmental regulations and sustainability goals are key drivers as biochar fits into global efforts to reduce carbon emissions and improve soil health, driving the market demand.
Governments and environmental agencies are promoting biochar production to reduce greenhouse gas emissions and meet global carbon reduction goals.
Key Players Landscape and Outlook
The global biochar market is rapidly expanding, driven by its environmental benefits and applications in agriculture, carbon sequestration, and waste management. Key players are contributing to innovative production and utilization methods.
Increasing government incentives are promoting biochar production, while its ability to enhance soil health and water retention makes it an attractive option for sustainable agriculture. Additionally, biochar's long-term carbon storage capabilities contribute to climate change mitigation efforts. Technological advancements are improving production efficiency and cost-effectiveness, further driving the adoption.
For instance, in November 2023, BIOSORRA opened a biochar production facility in Thika, Kenya. The development will increase the production of biochar in the market.
Table of Contents
1. Project Scope and Definitions
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Biochar Market Outlook, 2017-2031F
- 5.1. Market Size Analysis & Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
- 5.2. Market Share Analysis & Forecast
- 5.2.1. By Technology
- 5.2.1.1. Pyrolysis
- 5.2.1.2. Gasification
- 5.2.1.3. Others
- 5.2.2. By Application
- 5.2.2.1. Agriculture
- 5.2.2.2. Animal Farming
- 5.2.2.3. Industrial Uses
- 5.2.2.4. Others
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia-Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East and Africa
- 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2023)
- 5.2.1. By Technology
- 5.3. Market Map Analysis, 2023
- 5.3.1. By Technology
- 5.3.2. By Application
- 5.3.3. By Region
6. North America Biochar Market Outlook, 2017-2031F*
- 6.1. Market Size Analysis & Forecast
- 6.1.1. By Value
- 6.1.2. By Volume
- 6.2. Market Share Analysis & Forecast
- 6.2.1. By Technology
- 6.2.1.1. Pyrolysis
- 6.2.1.2. Gasification
- 6.2.1.3. Others
- 6.2.2. By Application
- 6.2.2.1. Agriculture
- 6.2.2.2. Animal Farming
- 6.2.2.3. Industrial Uses
- 6.2.2.4. Others
- 6.2.3. By Country Share
- 6.2.3.1. United States
- 6.2.3.2. Canada
- 6.2.3.3. Mexico
- 6.2.1. By Technology
- 6.3. Country Market Assessment
- 6.3.1. United States Biochar Outlook, 2017-2031F*
- 6.3.1.1. Market Size Analysis & Forecast
- 6.3.1.1.1. By Value
- 6.3.1.1.2. By Volume
- 6.3.1.2. Market Share Analysis & Forecast
- 6.3.1.2.1. By Technology
- 6.3.1.2.1.1. Pyrolysis
- 6.3.1.2.1.2. Gasification
- 6.3.1.2.1.3. Others
- 6.3.1.2.2. By Application
- 6.3.1.2.2.1. Agriculture
- 6.3.1.2.2.2. Animal Farming
- 6.3.1.2.2.3. Industrial Uses
- 6.3.1.2.2.4. Others
- 6.3.1.2.1. By Technology
- 6.3.1.1. Market Size Analysis & Forecast
- 6.3.2. Canada
- 6.3.3. Mexico
- 6.3.1. United States Biochar Outlook, 2017-2031F*
All segments will be provided for all regions and countries covered
7. Europe Biochar Market Outlook, 2017-2031F
- 7.1. Germany
- 7.2. France
- 7.3. Italy
- 7.4. United Kingdom
- 7.5. Russia
- 7.6. Netherlands
- 7.7. Spain
- 7.8. Turkey
- 7.9. Poland
8. Asia-Pacific Biochar Market Outlook, 2017-2031F
- 8.1. India
- 8.2. China
- 8.3. Japan
- 8.4. Australia
- 8.5. Vietnam
- 8.6. South Korea
- 8.7. Indonesia
- 8.8. Philippines
9. South America Biochar Market Outlook, 2017-2031F
- 9.1. Brazil
- 9.2. Argentina
10. Middle East and Africa Biochar Market Outlook, 2017-2031F
- 10.1. Saudi Arabia
- 10.2. UAE
- 10.3. South Africa
11. Porter's Five Forces Analysis
12. PESTLE Analysis
13. Market Dynamics
- 13.1. Market Drivers
- 13.2. Market Challenges
14. Market Trends and Developments
15. Case Studies
16. Competitive Landscape
- 16.1. Competition Matrix of Top 5 Market Leaders
- 16.2. SWOT Analysis for Top 5 Players
- 16.3. Key Players Landscape for Top 10 Market Players
- 16.3.1. Airex Energy
- 16.3.1.1. Company Details
- 16.3.1.2. Key Management Personnel
- 16.3.1.3. Products and Services
- 16.3.1.4. Financials (As Reported)
- 16.3.1.5. Key Market Focus and Geographical Presence
- 16.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 16.3.2. BIOSORRA
- 16.3.3. Carbon Gold Ltd
- 16.3.4. Arsta Eco Pvt Ltd.
- 16.3.5. Biochar Supreme, LLC
- 16.3.6. Karr Group
- 16.3.7. Biochar Now LLC
- 16.3.8. Wonjin Group
- 16.3.9. PYROCORE SAS
- 16.3.10. Phoenix Energy
- 16.3.11. Swiss Biochar
- 16.3.1. Airex Energy
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
17. Strategic Recommendations
18. About Us and Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 2. Global Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 3. Global Biochar Market Share (%), By Technology, 2017-2031F
- Figure 4. Global Biochar Market Share (%), By Application, 2017-2031F
- Figure 5. Global Biochar Market Share (%), By Region, 2017-2031F
- Figure 6. North America Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 7. North America Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 8. North America Biochar Market Share (%), By Technology, 2017-2031F
- Figure 9. North America Biochar Market Share (%), By Application, 2017-2031F
- Figure 10. North America Biochar Market Share (%), By Country, 2017-2031F
- Figure 11. United States Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 12. United States Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 13. United States Biochar Market Share (%), By Technology, 2017-2031F
- Figure 14. United States Biochar Market Share (%), By Application, 2017-2031F
- Figure 15. Canada Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 16. Canada Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 17. Canada Biochar Market Share (%), By Technology, 2017-2031F
- Figure 18. Canada Biochar Market Share (%), By Application, 2017-2031F
- Figure 19. Mexico Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 20. Mexico Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 21. Mexico Biochar Market Share (%), By Technology, 2017-2031F
- Figure 22. Mexico Biochar Market Share (%), By Application, 2017-2031F
- Figure 23. Europe Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 24. Europe Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 25. Europe Biochar Market Share (%), By Technology, 2017-2031F
- Figure 26. Europe Biochar Market Share (%), By Application, 2017-2031F
- Figure 27. Europe Biochar Market Share (%), By Country, 2017-2031F
- Figure 28. Germany Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 29. Germany Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 30. Germany Biochar Market Share (%), By Technology, 2017-2031F
- Figure 31. Germany Biochar Market Share (%), By Application, 2017-2031F
- Figure 32. France Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 33. France Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 34. France Biochar Market Share (%), By Technology, 2017-2031F
- Figure 35. France Biochar Market Share (%), By Application, 2017-2031F
- Figure 36. Italy Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 37. Italy Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 38. Italy Biochar Market Share (%), By Technology, 2017-2031F
- Figure 39. Italy Biochar Market Share (%), By Application, 2017-2031F
- Figure 40. United Kingdom Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 41. United Kingdom Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 42. United Kingdom Biochar Market Share (%), By Technology, 2017-2031F
- Figure 43. United Kingdom Biochar Market Share (%), By Application, 2017-2031F
- Figure 44. Russia Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 45. Russia Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 46. Russia Biochar Market Share (%), By Technology, 2017-2031F
- Figure 47. Russia Biochar Market Share (%), By Application, 2017-2031F
- Figure 48. Netherlands Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 49. Netherlands Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 50. Netherlands Biochar Market Share (%), By Technology, 2017-2031F
- Figure 51. Netherlands Biochar Market Share (%), By Application, 2017-2031F
- Figure 52. Spain Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 53. Spain Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 54. Spain Biochar Market Share (%), By Technology, 2017-2031F
- Figure 55. Spain Biochar Market Share (%), By Application, 2017-2031F
- Figure 56. Turkey Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 57. Turkey Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 58. Turkey Biochar Market Share (%), By Technology, 2017-2031F
- Figure 59. Turkey Biochar Market Share (%), By Application, 2017-2031F
- Figure 60. Poland Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 61. Poland Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 62. Poland Biochar Market Share (%), By Technology, 2017-2031F
- Figure 63. Poland Biochar Market Share (%), By Application, 2017-2031F
- Figure 64. South America Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 65. South America Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 66. South America Biochar Market Share (%), By Technology, 2017-2031F
- Figure 67. South America Biochar Market Share (%), By Application, 2017-2031F
- Figure 68. South America Biochar Market Share (%), By Country, 2017-2031F
- Figure 69. Brazil Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 70. Brazil Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 71. Brazil Biochar Market Share (%), By Technology, 2017-2031F
- Figure 72. Brazil Biochar Market Share (%), By Application, 2017-2031F
- Figure 73. Argentina Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 74. Argentina Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 75. Argentina Biochar Market Share (%), By Technology, 2017-2031F
- Figure 76. Argentina Biochar Market Share (%), By Application, 2017-2031F
- Figure 77. Asia-Pacific Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 78. Asia-Pacific Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 79. Asia-Pacific Biochar Market Share (%), By Technology, 2017-2031F
- Figure 80. Asia-Pacific Biochar Market Share (%), By Application, 2017-2031F
- Figure 81. Asia-Pacific Biochar Market Share (%), By Country, 2017-2031F
- Figure 82. India Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 83. India Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 84. India Biochar Market Share (%), By Technology, 2017-2031F
- Figure 85. India Biochar Market Share (%), By Application, 2017-2031F
- Figure 86. China Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 87. China Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 88. China Biochar Market Share (%), By Technology, 2017-2031F
- Figure 89. China Biochar Market Share (%), By Application, 2017-2031F
- Figure 90. Japan Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 91. Japan Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 92. Japan Biochar Market Share (%), By Technology, 2017-2031F
- Figure 93. Japan Biochar Market Share (%), By Application, 2017-2031F
- Figure 94. Australia Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 95. Australia Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 96. Australia Biochar Market Share (%), By Technology, 2017-2031F
- Figure 97. Australia Biochar Market Share (%), By Application, 2017-2031F
- Figure 98. Vietnam Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 99. Vietnam Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 100. Vietnam Biochar Market Share (%), By Technology, 2017-2031F
- Figure 101. Vietnam Biochar Market Share (%), By Application, 2017-2031F
- Figure 102. South Korea Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 103. South Korea Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 104. South Korea Biochar Market Share (%), By Technology, 2017-2031F
- Figure 105. South Korea Biochar Market Share (%), By Application, 2017-2031F
- Figure 106. Indonesia Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 107. Indonesia Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 108. Indonesia Biochar Market Share (%), By Technology, 2017-2031F
- Figure 109. Indonesia Biochar Market Share (%), By Application, 2017-2031F
- Figure 110. Philippines Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 111. Philippines Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 112. Philippines Biochar Market Share (%), By Technology, 2017-2031F
- Figure 113. Philippines Biochar Market Share (%), By Application, 2017-2031F
- Figure 114. Middle East & Africa Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 115. Middle East & Africa Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 116. Middle East & Africa Biochar Market Share (%), By Technology, 2017-2031F
- Figure 117. Middle East & Africa Biochar Market Share (%), By Application, 2017-2031F
- Figure 118. Middle East & Africa Biochar Market Share (%), By Country, 2017-2031F
- Figure 119. Saudi Arabia Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 120. Saudi Arabia Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 121. Saudi Arabia Biochar Market Share (%), By Technology, 2017-2031F
- Figure 122. Saudi Arabia Biochar Market Share (%), By Application, 2017-2031F
- Figure 123. UAE Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 124. UAE Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 125. UAE Biochar Market Share (%), By Technology, 2017-2031F
- Figure 126. UAE Biochar Market Share (%), By Application, 2017-2031F
- Figure 127. South Africa Biochar Market, By Value, In USD Million, 2017-2031F
- Figure 128. South Africa Biochar Market, By Volume, in Thousand Tons, 2017-2031F
- Figure 129. South Africa Biochar Market Share (%), By Technology, 2017-2031F
- Figure 130. South Africa Biochar Market Share (%), By Application, 2017-2031F
- Figure 131. By Technology Map-Market Size (USD Million) & Growth Rate (%), 2023
- Figure 132. By Application Map-Market Size (USD Million) & Growth Rate (%), 2023
- Figure 133. By Region Map-Market Size (USD Million) & Growth Rate (%), 2023
