According to an analysis conducted by Fact.MR, the global biochar market is projected to reach an estimated value of US$ 7.9 million in 2023, with a foreseen Compound Annual Growth Rate (CAGR) of 14.1% over the forecast period from 2023 to 2033. By 2033, it is expected to attain a valuation of US$ 26.5 million.
Biochar is a form of charcoal typically produced through the pyrolysis of biomass or waste materials in an oxygen-deprived environment. This sustainable material is carbon-rich and finds extensive application as a soil amendment, contributing to enhanced plant growth, increased crop yields, improved soil quality, and various other benefits. Furthermore, it serves as a valuable supplement for animal feed, especially in improving the nutritional intake, digestion, and blood values of cattle, particularly in cows and goats.
The increasing global population has led to a surge in demand for crops, prompting farmers to adopt biochar more widely to boost crop productivity. This, in turn, has driven the consumption of biochar. Additionally, the incorporation of biochar into the diets of various animals, including goats, pigs, chickens, fish, and cattle, has yielded positive outcomes. It serves as a beneficial feed additive for a range of ruminants, such as goats and cattle, contributing to improved growth performance, enhanced blood profiles, heightened resistance to pathogens, and other advantageous effects.
Moreover, biochar contains notable quantities of essential minerals like calcium, potassium, and magnesium, which have been found to reduce the likelihood of hens producing cracked eggs. These factors have led to an increased utilization of biochar in animal feed, further bolstering the growth of the biochar market.
Key Takeaways from Market Study
- Biochar market is estimated to reach a valuation of US$ 26.5 million in 2033 from US$ 7.9 million in 2023
- The biochar market is estimated to account for an average Y-O-Y of 13.8% from 2018–2033
- Prominent market players in the biochar market are ArSta Eco, Biochar Industries, Biochar Supreme, Carbon Gold, Karr Group, and Phoenix Energy
- China is estimated to grow at a CAGR of 16.2% during the forecast period from 2023-2033
- Tier-1 manufacturers of biochar account for over 27.5% share of the global market
“Biomass Utilization to Produce Biochar is a Key Factor Driving Biochar Market During the Forecast Period,” says a Fact.MR analyst.
Segmentation of Biochar Industry Research
- By Technology :
- Pyrolysis
- Gasification
- Hydrothermal Carbonization
- By Feedstock :
- Woody Biomass
- Agricultural Waste
- Animal Manure
- Others
- By Application :
- Agriculture
- Animal Farming
- Electricity Generation
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Market Growth Stratagems
Manufacturers are adopting ground-breaking strategies to curb the demand pool and strengthen their market presence. Further, long-term trade relations with suppliers and well-established distributors enable market titans to survive during unfavorable trade situations.
Key Companies Profiled
- ArSta Eco
- Biochar Industries
- Biochar Supreme
- Carbon Gold
- Karr Group
- Phoenix Energy
- Sunriver Biochar
- Swiss Biochar GmbH
- The Biochar Company LLC
- Vega Biofuel
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the biochar market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of the technology (pyrolysis, gasification, and hydrothermal carbonization), feedstock (woody biomass, agricultural waste, animal manure, and others), application (agriculture, animal farming, electricity generation, and others), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).
These insights are based on a report on Biochar Industry in Latin America by Fact.MR
