Biochar Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 24.50 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Biochar Market Analysis
The Biochar Market size is estimated at 0.57 Million tons in 2024, and is expected to reach 1.73 Million tons by 2029, growing at a CAGR of greater than 24.5% during the forecast period (2024-2029).
The COVID-19 pandemic negatively affected the biochar market. The biochar market experienced disruptions in supply chains due to lockdowns affecting the availability of raw materials and labor required for biochar production, leading to delays and shortages in some regions. However, the pandemic highlighted the importance of sustainability resilience in various sectors, including agriculture. As a result, there was a growing interest in sustainable agricultural practices such as biochar application, leading to increased demand for biochar products, which resulted in an enhanced market growth rate.
This market analysis report indicates that the growing demand for organic foods in developing countries and increasing applications for plant growth and development are expected to drive the demand in the biochar market.
On the flip side, high production costs and competition from alternate sources are expected to hinder the market growth studied in the coming years.
The industry analysis report shows that the increasing concerns regarding soil health and agricultural productivity and rising demand for renewable energy and biomass valorization are expected to provide growth opportunities to the biochar industry over the forecast period.
North America is expected to dominate the market due to the growing demand for organic food across the region.
Biochar Market Trends
Agriculture Segment is Experiencing Significant Market Growth
- Biochar is a solid by product obtained from biomass pyrolysis. It is rich in carbon. It is a porous material that is used for various applications, such as soil improvement and remediation.
- Biochar is widely recognized for its ability to improve soil health and fertility. When added to soil, biochar enhances soil structure, increases water retention capacity, and promotes beneficial microbial activity. These properties lead to higher crop yields and improved agricultural productivity, making biochar a valuable input for farmers.
- Hence, using biochar in agriculture production increases yields while decreasing negative environmental impacts.
- The market analysis report indicates that, currently China and the United States are the forerunners in using biochar for agricultural purposes.
- The total value of agricultural exports in the United States reached USD 184.5 billion in 2023, according to the data published by the US Census Bureau, the US Department of Agriculture, and the US Department of Commerce, reflecting a substantial growth rate in the sector.
- Moreover, according to the US Department of Agriculture and the National Agricultural Statistics Service, the total wheat production in the United States increased from 1.64 billion bushels in 2021 to 1.81 billion bushels in 2023.
- Thus, the factors mentioned above are expected to increase the demand for biochar in agriculture applications in the coming years.
North America to Dominate the Market
- Biochar is a solid by product obtained from biomass pyrolysis. It is rich in carbon. It is a porous material that is used for various applications, such as soil improvement and remediation.
- Biochar is widely recognized for its ability to improve soil health and fertility. When added to soil, biochar enhances soil structure, increases water retention capacity, and promotes beneficial microbial activity. These properties lead to higher crop yields and improved agricultural productivity, making biochar a valuable input for farmers.
- Hence, using biochar in agriculture production increases yields while decreasing negative environmental impacts.
- The market analysis report indicates that, currently China and the United States are the forerunners in using biochar for agricultural purposes.
- The total value of agricultural exports in the United States reached USD 184.5 billion in 2023, according to the data published by the US Census Bureau, the US Department of Agriculture, and the US Department of Commerce, reflecting a substantial growth rate in the sector.
- Moreover, according to the US Department of Agriculture and the National Agricultural Statistics Service, the total wheat production in the United States increased from 1.64 billion bushels in 2021 to 1.81 billion bushels in 2023.
- Thus, the factors mentioned above are expected to increase the demand for biochar in agriculture applications in the coming years.
Biochar Market Overview
The biochar market is partially consolidated, with a few major players dominating a significant portion of the global market. The major market leaders (not in any particular order) include Biochar Industries, Biochar Supreme, Swiss Biochar, Arsta Eco, and Airex Energy, among others.
Biochar Market Leaders
-
Biochar Industries
-
Biochar Supreme
-
Airex Energy
-
Swiss Biochar GmbH
-
Arsta Eco
*Disclaimer: Major Players sorted in no particular order
Biochar Market News
- November 2023: BIOSORRA launched a production plant for biochar in East Africa at Thika in Kiambu County, Kenya. This biochar would be provided to Kenya Nut Company, a multinational agribusiness company involved in growing a wide range of products.
- November 2023: Pyreg GmbH launched Biochar Carbon Removal (BCR) through its carbonization systems. The company's Climate Finance Solutions (PCFS) is set to accelerate the deployment of its technology in the agriculture sector.
- June 2022: Airex Energy joined the BDO Zone Strategic Alliance as a technology group partner. It includes some of the leading companies in the bioenergy industry that help de-risk biobased project development in BDO Zones.
Biochar Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Applications for Plant Growth and Development
- 4.1.2 Growing Demand for Organic Foods in Developing Countries
-
4.2 Restraints
- 4.2.1 High Production Costs
- 4.2.2 Competition from Alternative Products
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
-
5.1 Technology
- 5.1.1 Pyrolysis
- 5.1.2 Gasification Systems
- 5.1.3 Other Technologies (Hydrothermal Carbonization)
-
5.2 Application
- 5.2.1 Agriculture
- 5.2.2 Animal Farming
- 5.2.3 Industrial Uses
- 5.2.4 Other Applications (Environmental Remediation)
-
5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 Australia
- 5.3.1.3 South Korea
- 5.3.1.4 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 Sweden
- 5.3.3.3 Austria
- 5.3.3.4 Switzerland
- 5.3.3.5 United Kingdom
- 5.3.3.6 Rest of Europe
- 5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 Airex Energy
- 6.4.2 Arsta Eco
- 6.4.3 Biochar Industries
- 6.4.4 Biochar Now LLC
- 6.4.5 Biochar Supreme
- 6.4.6 BIOSORRA
- 6.4.7 Carbon Gold Ltd
- 6.4.8 Diacarbon Energy Inc.
- 6.4.9 Karr Group
- 6.4.10 Phoenix Energy
- 6.4.11 Pyreg GmbH
- 6.4.12 PyroCore
- 6.4.13 Sunriver Biochar
- 6.4.14 Swiss Biochar
- 6.4.15 Wonjin Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Concerns Regarding Soil Health and Agricultural Productivity
- 7.2 Rising Demand from Renewable Energy and Biomass Valorization
Biochar Industry Segmentation
Biochar is a type of charcoal produced from organic materials like agricultural waste, wood chips, or biomass through a process called pyrolysis. It is used primarily as a soil amendment to improve soil fertility, water retention, and carbon sequestration.
The biochar market is segmented by technology and application. On the basis of technology, the market is segmented into pyrolysis, gasification systems, and other technologies (hydrothermal carbonization). On the basis of application, the global market studied is segmented into agriculture, animal farming, industrial uses, and other applications (environmental remediation. The market forecast report also covers the market sizes, growth forecast, and market outlook for the biochar industry in 27 countries across the major region. For each segment, the market sizing, forecasts and industry growth were made on the basis of volume (tons).
| Technology | Pyrolysis | |
| Gasification Systems | ||
| Other Technologies (Hydrothermal Carbonization) | ||
| Application | Agriculture | |
| Animal Farming | ||
| Industrial Uses | ||
| Other Applications (Environmental Remediation) | ||
| Geography | Asia-Pacific | China |
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | Germany |
| Sweden | ||
| Austria | ||
| Switzerland | ||
| United Kingdom | ||
| Rest of Europe | ||
| Geography | Rest of the World |
Biochar Market Research FAQs
How big is the Biochar Market?
The Biochar Market size is expected to reach 0.57 million tons in 2024 and grow at a CAGR of greater than 24.5% to reach 1.73 million tons by 2029.
What is the current Biochar Market size?
In 2024, the Biochar Market size is expected to reach 0.57 million tons.
Who are the key players in Biochar Market?
Biochar Industries, Biochar Supreme, Airex Energy, Swiss Biochar GmbH and Arsta Eco are the major companies operating in the Biochar Market.
Which is the fastest growing region in Biochar Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Biochar Market?
In 2024, the North America accounts for the largest market share in Biochar Market.
What years does this Biochar Market cover, and what was the market size in 2023?
In 2023, the Biochar Market size was estimated at 0.43 million tons. The report covers the Biochar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Biochar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Which application segment is leading the Biochar Market?
Agriculture is the leading application segment of the Biochar Market.
How is the Biochar Market segmented?
The Biochar Market is segmented by a) Technology: Pyrolysis, Gasification Systems, and Other Technologies b) Application: Agriculture, Animal Farming, Industrial Uses, and Other Applications
Which application segment is leading the Biochar Market?
Agriculture is the leading application segment of the Biochar Market.
Biochar Industry Report
The global biochar market, a charcoal-like material produced from plant materials, is projected to experience significant industry growth. This growth is driven by supportive government policies for environmental protection, increasing concerns about climate change, and the rising demand for organic food. Biochar's potential to enhance soil fertility and plant growth has made it particularly useful in the agriculture sector, contributing to its market growth. The product's ability to reduce pollutants and toxic elements further fuels its demand. However, the market faces challenges such as the risk of contamination and soil erosion, lack of knowledge about the sustainable manufacturing process, and the high capital investment required for producing high-quality biochar. Despite these challenges, the global market is expected to benefit from new growth opportunities due to rising environmental awareness and government policies promoting environmentally friendly products. This market forecast outlook and historical market overview, provided by Mordor Intelligence™ Industry Reports, offer valuable insights into the biochar market share, size global, market outlook, and revenue growth rate. For more insights on the market value and growth forecast download a free sample and get access to the biochar industry analysis report PDF.
