Biochar Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Feedstock (Woody Biomass and Agricultural Waste, Animal Manure, and Other Feedstock) and Application (Electricity Generation, Agriculture, Forestry, and Others)

The biochar market is projected to reach US$ 177.06 million by 2021 from US$ 368.85 million in 2028. It is expected to grow at a CAGR of 11.1% from 2021 to 2028.

The demand for biochar is growing rapidly in the agriculture & feedstock industry. In addition to this, advanced benefits of biochar such as reducing gas emissions and increasing crop productivity are driving the market growth worldwide. However, limited preference among farmers in agricultural economies limits the  biochar market  growth. Further, high transportation cost of raw materials and the possibility of contamination can hinder market growth. The increasing demand for organic food products, rising use of biochar in water treatment, and applications in the construction industry further propel the market growth. In addition, the adoption of biochar for energy production for ensuring environmental sustainability has become a predominant trend in various industries.
Asia-Pacific held the largest share of the market in 2021, and is expected to register a significant CAGR during the forecast period. The key players operating in the biochar market are focusing on expanding their operations across the Middle East & Africa due to the potential customer base, favorable laws, and rapidly developing retail landscape.

Impact of COVID-19 Pandemic on Biochar Market

During the COVID-19 pandemic, the biochar market faced unprecedented challenges due to the shortage in raw material supply, the shutdown of factories, limited availability of workforces, and other operational difficulties faced under pandemic safety protocols. The shutdown of manufacturing units, problems in the procurement of raw materials, and restrictions on logistics also hampered the global market growth. The outbreak disrupted value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage to businesses. This led to a fall in demand for biochar. Furthermore, research activities were hampered due to the shuttering of laboratories and production facilities. 

Market Insights
Biochar helps in increasing crop productivity

Biochar is a carbonaceous material that can help stabilize toxins in  mining waste  and boost revegetation. It helps in reducing gas emissions and increasing crop productivity. Biochar helps in soil improvement, lowering environmental pollution levels, and mitigating greenhouse gas emissions. Government agencies across the world aim to make their energy systems more sustainable, secure, and competitive. Many policies by them support sustainable waste management and environmental protection, which is boosting biochar production capacities across the world.
Biochar is beneficial for soil resiliency leading to increased crop production. The organic food industry started to boom for more than a decade now. Rising awareness among people about the benefits of organic food and side effects of artificial chemicals in food production has further boosted the growth of organic food. The price difference between organic and inorganic food is also insignificant when compared to the health benefits carried by organic food. Organic food prevents the body from the needless intake of pesticides and fertilizers. Also, growth in e-commerce has acted like a catalyst for this industry .Use of Biochar in organic farming is better for the environment and more sustainable. All these benefits are driving the biochar market during the forecast period.

Feedstock Insights

The biochar market, by feedstock, is segmented into woody biomass and agricultural waste, animal manure, and other feedstock. The woody biomass and agricultural waste segment is projected to register the highest CAGR during the forecast period. This woody biomass is derived from trees. The farm waste segment includes manure, oil, silage plastics, fertilizers, pesticides and herbicides; wastes from farms, poultry houses and slaughterhouses; veterinary medicines; and horticultural plastics. The growing application in the agricultural & feedstock industry is driving the demand for biochar. 

Application Insights

The biochar market, based on application, has been segmented into electricity generation, agriculture, forestry, and others. The agriculture segment is projected to register the highest CAGR during the forecast period. Biochar enhances soil structure, increases water retention and aggregation, decreases acidity, reduces nitrous oxide emissions, improves microbial properties, regulates nitrogen leaching, and improves porosity. The application of biochar in agriculture is also beneficial for composting since it reduces greenhouse gas emissions and prevents the loss of nutrients in the compost material. It accelerates the composting process by promoting microbial activity.
Further, new uses for this ultra-porous material (biochar) are cropping up all over the industrial landscape. Biochar has been making waves not only as a soil amendment, but for its use in animal feed and other animal husbandry applications. Adoption of biochar leads to improved digestion in animals. Biochar offers many benefits to animals resulting in improved overall health, leading to a boost in productivity. The benefits of biochar don’t stop after digestion; biochar that is excreted as manure also helps in maintaining the soil-restoring properties adding an additional value proposition to farmers. The government is also supporting the use of this product for livestock feeding. This proves to be an emerging opportunity that will lead to growth of Biochar market during the forecast period.
The key players operating in the biochar market include Carbon Gold Ltd; Genesis Industries; Black Owl Biochar; Biochar Now, LLC; Airex Energie Inc.; Phoenix Energy; American Biochar Company; Bioforcetech Corp; ECOERA; and PYROPOWER. Due to vital government initiatives and regulatory policies, the players focus on to increase energy production from biomass and engage in biochar production. Environmental benefits and advantages associated with biochar are creating lucrative opportunities for the market players.

Biochar Market Regional Insights

The regional trends and factors influencing the Biochar Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Biochar Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Biochar Market Report Scope

Biochar Market Players Density: Understanding Its Impact on Business Dynamics

The Biochar Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Biochar Market are:

1. Airex Énergie Inc.
2. Genesis Industries
3. Carbon Gold Ltd
4. Black Owl Biochar
5. Biochar Now, LLC

Disclaimer: The companies listed above are not ranked in any particular order.

Report Spotlights

• Progressive industry trends in the biochar market to help players develop effective long-term strategies
• Business growth strategies adopted to secure growth in developed and developing markets
• Quantitative analysis of the biochar market from 2019 to 2028
• Estimation of global demand for biochar
• Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook, and factors governing the growth of the biochar market
• Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• Size of the biochar market size at various nodes
• Detailed overview and segmentation of the market, and the biochar industry dynamics

The List of Companies - Biochar Market 

1. Airex Énergie Inc.                
2. Genesis Industries             
3. Carbon Gold Ltd                  
4. Black Owl Biochar                
5. Biochar Now, LLC                
6. Phoenix Energy    
7. American BioChar Company           
8. BioForceTech Corporation              
9. Ecoera     
10. Pyropower

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the biochar market, thereby allowing players to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to the application.