The global biochar market size is expected to reach USD 1350 million by 2030, registering a CAGR of 13.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Globally increasing demand for the product in organic farming has been a major factor influencing the growth. In addition, increasing consumption in livestock feed and awareness pertaining to benefits of biochar as soil amendment are expected to drive the demand. Biochar is an evolving industry and is anticipated to become a major influencing factor in increased crop yield and productivity of the agriculture sector. It improves soil fertility and provides necessary nutrition to crop. Moreover, applications in energy production and greenhouse gas remediation are expected to provide new revenue opportunities to the sector.
Biochar Market Report Highlights
- Total product manufactured using pyrolysis technology in 2023 accounted for 65.1% market share in terms of revenue and is expected witness rapid growth over the estimated period
- Asia Pacific is expected to witness extensive growth in the forthcoming years due to increasing application of the product in livestock feed and organic farming
- Pyrolysis technology is increasingly used by Earth Systems and Clean Fuels B.V. among other manufacturers operating in the biochar market.
For More Details or Sample Copy please visit link @: Biochar Market Report
The market consists of organized and unorganized manufacturers. Growing economies such as China, India, Japan, Mexico, and Brazil produce significant amount of biochar through small and medium scale industries mainly running into village areas. Whereas, large scale manufacturers are concentrated in North America.
Consumption in agricultural application was the highest in 2022 and is anticipated to rise significantly over the forecast period. Among various applications in agriculture, farming held the highest market share in 2022.
In terms of volume, the agriculture sector is estimated to witness speedy growth over the forecast period. It has also gained high popularity in livestock farming as an additive in animal feed. The livestock sector has gained high importance, especially in regions such as Europe and North America where animal flesh is extensively consumed by human beings as a food. As a result of this, biochar consumption is expected to grow substantially in the foreseeable future.
List of major companies in the Biochar Market
- Biochar Products, Inc.
- Biochar Supreme, LLC
- ArSta Eco
- Carbon Gold Ltd
- Airex Energy Inc.
- Pacific Biochar Benefit Corporation.
Gain deeper insights on the market and receive your free copy with TOC now @: Biochar Market Forecast Report
We have segmented the global biochar market based on technology, application, and region.
-
Biochar Technology Outlook
- Pyrolysis
- Gasification
- Others
-
Biochar Application Outlook
- Agriculture
- Animal Farming
- Industrial Uses
- Other Applications
-
Biochar Regional Outlook
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Explore Horizon, the world’s most expansive market research database
#Biochar #BiocharMarket #SustainableAgriculture #SoilHealth #CarbonSequestration #AgricultureTechnology #EnvironmentalSustainability #RenewableEnergy #SoilAmendment #ClimateChange #OrganicFarming #CarbonFootprint #GreenTechnology #CircularEconomy #CarbonNegative #BiocharProduction #SoilFertility #WasteManagement #Agroforestry #EcoFriendly