Global Biochar Market, By Technology (Pyrolysis, Gasification, Batch Pyrolysis Kiln, Microwave Pyrolysis, Cookstove, Others), Feedstock (Agriculture Waste, Animal Manure, Forestry Waste, Biomass Plantation), Application (Gardening, Agriculture, Household, Electricity Generation) – Industry Trends and Forecast to 2029
Market Analysis and Size
The U.N.'s Intergovernmental Panel has recognized biochar on Climate Change as an effective strategy for reducing pollution. Such trends are translating into revenue opportunities for biochar manufacturers. Moreover, biochar is well-known for improving soil health and increasing crop yield environmentally friendly. As a result, it is estimated to have a favorable outlook over the forecast period.
Global Biochar Market was valued at USD 192.48 million in 2021 and is expected to reach USD 498.46 million by 2029, registering a CAGR of 12.63% in 2022 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Technology (Pyrolysis, Gasification, Batch Pyrolysis Kiln, Microwave Pyrolysis, Cookstove, Others), Feedstock (Agriculture Waste, Animal Manure, Forestry Waste, Biomass Plantation), Application (Gardening, Agriculture, Household, Electricity Generation)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Black Owl Biochar (U.S.), CharGrow USA LLC (U.S.), Cool Planet (U.S.), Earth Systems Consulting Pty Ltd (Australia), Pacific Biochar Benefit Corporation (U.S.), Pacific Pyrolysis Pty Ltd (Australia), Phoenix Energy (U.S.), Arstaeco (India), Genesis Industries Inc., (U.S.), Biochar Now, L.L.C. (U.S.), Airex Énergie Inc. (Canada), American BioChar Company (U.S.), Bioforcetech Corporation (U.S.), ECOERA (Sweden), PYROPOWER (Netherlands) and ETIA S.A.S. (France)
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Market Opportunities
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Market Definition
Biochar is known as a fine-grained product that is designed by organic wastes. Its manufacturing is a great way to sequester carbon that is long term capture of carbon. Greenhouse gases are leading cause to global warming. The property of biochar to sequester carbon is a great way to deal with this crisis.
Biochar Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Burgeoning Usage for various Applications
Its growing popularity primarily drives biochar sales as a charcoal substitute and expanding utility in power generation. Biochar sales continue to be boosted by non-energy applications. Biochar's carbon sequestration and water retention properties are driving demand in agriculture. Biochar's industrial applications are likely to grow as government agencies continue to research in this area. The market is growing due to rising demand for biochar in electricity generation, rising adoption of gasification systems, and rising biochar sales in agriculture.
- Growing Demand for Environment-Friendly Products
The burning of fossil fuels and the decomposition of biomass release an excessive amount of carbon dioxide into the atmosphere, rising carbon levels in the atmosphere. However, applying biochar to these soils can help reduce carbon dioxide emissions because biochar can store up to 50% of carbon from its feedstock. Biochar is a very stable material. This significantly reduces carbon dioxide emissions from organic decomposition. It's also important for regulating methane and nitrogen dioxide emissions from the soil. The use of biochar on the soil can help to reduce pollution offsite. It improves the soil's retention of nutrients like phosphorus and nitrogen. This reduces soil nutrient leaching into groundwater and helps to protect nutrients from erosion due to surface water flow.
Furthermore, the rising environmental awareness and lower raw material costs will further propel the growth rate of biochar market. Additionally, the expansion of the various end-use industries is projected to bolster the market's growth.
Opportunities
- Development of Biochar
Furthermore, growing interest in developing biochar into novel products based on its unique chemical properties by the market players extend profitable opportunities to the market players. For instance, it can be used to replace activated carbon, which is commonly used in wastewater treatment facilities to absorb contaminants and reduce odors.
- Advancements in Gasification Biochar Systems
Additionally, the recent advancements in gasification biochar systems will further expand the biochar market's future growth and is estimated to generate various market opportunities over the forecast period of 2022 to 2029.
Restraints/Challenges
- High Costs of Biochar
On the other hand, biochar production is an expensive process that necessitates a variety of sophisticated and expensive pyrolysis equipment. Furthermore, because it requires an oxygen-free atmosphere maintained at a specific temperature, the pyrolysis gas obtained during biochar production is costly to store and transport. This makes it difficult for manufacturers with limited investment capital to enter the biochar market.
- Technological Barriers
Also, the technological barriers across the distant regions will prove to be a demerit for the biochar market. Consequently, this factor will challenge the biochar market growth rate.
Moreover, the absence of knowledge concerning the advantages of the product is estimated to restrict the market growth.
This biochar market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biochar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Biochar Market
The recent outbreak of coronavirus had a huge impact on the biochar market. Despite the market being disrupted by the coronavirus outbreak, farmers are being encouraged to install reactors on their fields to speed up the process of turning stubble into biomass. The U.N.'s Intergovernmental Panel on Climate Change has recognized biochar as a viable method for reducing pollution. Rising government and corporate support could help in the fight against this highly contagious disease, restoring confidence in the market. Biochar manufacturers, who are now dealing with fluctuating demand and supply as a result of the COVID-19 outbreak, are profiting from these changes. Biochar has gotten a lot of press because of its ability to improve soil health and agricultural productivity while remaining environmentally friendly.
Global Biochar Market Scope
The biochar market is segmented on the basis of technology, feedstock and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Pyrolysis
- Gasification
- Batch Pyrolysis Kiln
- Microwave Pyrolysis
- Cookstove
- Others
Feedstock
- Agriculture Waste
- Animal Manure
- Forestry Waste
- Biomass Plantation
Application
- Gardening
- Agriculture
- Household
- Electricity Generation
Biochar Market Regional Analysis/Insights
The biochar market is analyzed and market size insights and trends are provided by country, technology, feedstock and application as referenced above.
The countries covered in the biochar market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the surge in the need demand for organic food and high utilization of meat within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the several research and development activities and initiatives taken by the government in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biochar Market Share Analysis
The biochar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biochar market.
Some of the major players operating in the biochar market are
- Black Owl Biochar (U.S.),
- CharGrow USA LLC (U.S.),
- Cool Planet (U.S.)
- Earth Systems Consulting Pty Ltd (Australia)
- Pacific Biochar Benefit Corporation (U.S.)
- Pacific Pyrolysis Pty Ltd (Australia)
- Phoenix Energy (U.S.)
- Arstaeco (India)
- Genesis Industries Inc., (U.S.)
- Biochar Now, L.L.C. (U.S.)
- Airex Énergie Inc. (Canada)
- American BioChar Company (U.S.)
- Bioforcetech Corporation (U.S.)
- ECOERA (Sweden)
- PYROPOWER (Netherlands)
- ETIA S.A.S. (France)
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