PUBLISHER: The Business Research Company | PRODUCT CODE: 1619458
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619458
Biochar fertilizer is a soil amendment that combines biochar, a charcoal produced from organic materials with other nutrients to create a nutrient-rich fertilizer. Biochar is made through pyrolysis, a process in which organic matter such as wood, crop residues, or manure is heated without oxygen, resulting in a carbon-rich, stable material. The main aim of biochar fertilizer is to enhance soil health and fertility while offering environmental benefits such as carbon sequestration and pollution reduction.
The primary types of biochar fertilizers include organic, inorganic, and compound. Organic biochar fertilizer is derived from biochar, which is charcoal created by heating organic material in the absence of oxygen. It can be produced using various methods, including slow pyrolysis, fast pyrolysis, gasification, and hydrothermal carbonization. This type of fertilizer is used in applications such as animal feed, agriculture, fish farming, and other areas.
The biochar fertilizers market research report is one of a series of new reports from The Business Research Company that provides biochar fertilizers market statistics, including biochar fertilizers industry global market size, regional shares, competitors with a biochar fertilizers market share, detailed biochar fertilizers market segments, market trends and opportunities, and any further data you may need to thrive in the biochar fertilizers industry. This biochar fertilizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The biochar fertilizer market size has grown strongly in recent years. It will grow from $3.52 billion in 2023 to $3.81 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth during the historic period can be attributed to growing awareness of soil health, a rising demand for sustainable agricultural practices, supportive policies and regulations encouraging biochar use, the expansion of organic farming, and improved crop productivity.
The biochar fertilizer market size is expected to see strong growth in the next few years. It will grow to $5.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth during the forecast period can be attributed to rising food demand, the expansion of international markets for biochar products, increased crop diversity, a growth in the number of biochar production facilities, and the availability of funding for biochar-related projects and initiatives. Major trends expected during this period include increased research and development activities, innovations in biochar production methods and applications, growing demand for eco-friendly and organic products, the use of biochar for restoring degraded ecosystems, and a rise in partnerships between research institutions and industry.
The growth of the agriculture industry is anticipated to drive the expansion of the biochar fertilizer market in the future. This sector, which focuses on producing and processing agricultural products such as crops and livestock, enhances productivity and efficiency through precision agriculture techniques, resilient crop varieties, and automated farming systems. Biochar fertilizer contributes to soil health by improving nutrient retention, increasing soil fertility, and supporting sustainable farming practices, thus reducing environmental impact. For example, a February 2024 report from the Department for Environment, Food and Rural Affairs, a UK-based ministerial department, highlighted that agriculture contributed $15.3 billion (£13.9 billion) or 0.6% of GDP to the UK economy in 2022, reflecting a 15% increase from the previous year. Additionally, Total Income from Farming (TIFF) in the UK rose by $1.2 billion (£1.1 billion), or 17%, reaching $8.6 billion (£7.9 billion) in 2022. This growth in the agriculture industry is driving the increased adoption of biochar fertilizer.
Key players in the biochar fertilizer market are developing innovative products, such as seed treatment solutions, to offer targeted protection against pests and diseases. Seed treatment products are applied to seeds to protect them from pests, diseases, and environmental stresses, while also enhancing germination and crop performance. For instance, in December 2022, EVOIA, a US-based manufacturer of biostimulants and natural plant growth supplements, introduced AmpliFYR, a biochar-based seed treatment product. AmpliFYR aids in seed establishment and helps increase potential profits for farmers. It is suitable for use with corn, soybeans, wheat, and other row crops.
In May 2024, SUEZ SA, a France-based utility company, acquired Airex Energy. This acquisition aligns with SUEZ's strategy to enhance its innovation capabilities and contribute to climate change mitigation efforts. Airex Energy Inc. is a Canada-based provider specializing in biochar production.
Major companies operating in the biochar fertilizer market are FEECO International Inc., SEEK Bio-Technology (Shanghai) Co. Ltd., Phoenix Energy, Biochar Now LLC, Bioforcetech Corporation, Biochar Supreme LLC, Biogrow Limited, ArSta eco, Greenback Pte Ltd., Agri-Tech Producers LLC, American Biochar Company, Anulekh Agrotech Pvt. Ltd., BioChar6, Carbon Gold Ltd., CharGrow USA LLC, ECOERA AB, Farm2energy Pvt. Ltd., Genesis Biochar LLC, Green Charcoal SA, Green Man Char, NextChar LLC, Pacific Biochar Benefit Corporation, Terra Humana Ltd.
North America was the largest region in the biochar fertilizer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biochar fertilizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the biochar fertilizer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The biochar fertilizer market consists of sales of biochar blends, biochar pellets, biochar soil conditioner, biochar compost and biochar granules. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Biochar Fertilizer Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on biochar fertilizer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for biochar fertilizer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The biochar fertilizer market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.