Granular Biochar Market Analysis, Scope, and Growth by 2030
Granular Biochar Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 68.79 Million |
Market Size by 2030 | US$ 172.1 Million |
Global CAGR (2022 - 2030) | 12.1% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnerships, acquisitions, and new product launches are a few prominent strategies adopted by the players operating in the global granular biochar market.
- In January 2024, Pyreg GmbH announced supplying a carbonization plant to Black Bull Biochar for an industrial site in the North of England. The UK's biochar market is fragmented and nascent. Collaborating with Black Bull Biochar has widened opportunities for Pyreg GmbH to stamp its footprint in a new market.
- In April 2022, Pyreg GmbH announced the establishment of a subsidiary company in the US. The newly established subsidiary is located in Portland, Maine. The decision to expand is a response to the growing demand for its CDR technology in the US. In FY 2023, the company aimed to initiate operations with two biomass plants with the aim of generating a carbon removal of 3,000 metric ton of CO2 from the atmosphere.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Cyclic Carbon Pty Ltd, Advanced Renewable Technology International Inc, CharGrow USA LLC, Airex Energy Inc, Carbonis GmbH & Co KG, Pyreg GmbH, Oregon Biochar Solutions, Arsta Eco Pvt Ltd, American BioChar Co, and BioChar6 are a few major players analyzed in the global granular biochar market report.