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Global Biochar Market Expected to Reach USD 3.24 billion by 2026.

According to a new report by EMR titled, 'Global Biochar Market Report and Forecast 2021-2026', the global biochar market size was valued at USD 1.67 billion in 2020. The market is further expected to reach USD 3.24 billion by 2026.

The global biochar market is driven by the rising consumption of the product in organic food production and its potential to enrich the soil by increasing its fertility and plant growth. The highest consumption of biochar was witnessed in North America. This significant growth is attributed to the rising demand for organic food and high meat consumption within the region. In the United States, the market is led by a growing number of production facilities and the availability of a tremendous amount of agricultural and forestry waste. Further, the Asia Pacific biochar market is expected to grow rapidly due to the developing agriculture sector in emerging economies, such as India and China. China is the world’s third-largest organic food-producing country. The use of biochar in farming owing to research initiatives in China is predicted to increase product awareness, consequently propelling the market growth.

The expanding retail channels of biochar is expected to boost the market growth. In July 2020, Aries Clean Energy, a company dealing in biochar, launched the retail sales for its product, Aries GREEN biochar. The Aries GREEN is a formulation of high carbon content biochar, which is used as an all-natural soil conditioner and agricultural soil amendment, a filtering agent, fuel, and a base material for the development of fabric, rubber, carpet, and carbon black. Aries GREEN Biochar is a byproduct of the Aries Clean Energy patented gasification process that provides several benefits to the soil. Further, the expanding online distribution channels like Amazon (NASDAQ: AMZN) for home garden and other heavy-duty uses are enhancing the market growth of biochar.

Market Analysis by Technology, Application, and Region:

  • The biochar market is divided based on technology into pyrolysis and gasification, among others.
  • The market is divided on the basis of application into agriculture and household, among others. The agriculture segment is further divided into livestock farming, general farming, organic farming, and inorganic farming, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of The Report:

  • The global biochar market is being driven by the rising emphasis on soil improvement and the increasing market demand for organic food.
  • The growing environmental awareness is further propelling the market growth of biochar.
  • The market is fuelled by the cheaper costs of raw materials and cohesive public policies of waste management.
  • The expected growth in the forecast period owing to the use of biochar in the water treatment process, especially in emerging countries, will provide further impetus to the market growth of biochar.

Key Offerings of the Report:

  • The EMR report gives an overview of the global biochar market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the technology, applications, and regional markets of biochar.
  • It gives an in-depth look into the regional price trends in the global biochar market for the periods (2016-2020) and (2021-2026).

Agri-Tech Producers, LLC, Diacarbon Energy Inc., Biochar Products, Inc., National Carbon Technologies LLC (Cool Planet Energy Systems Inc.), Vega Biofuels, Inc., The Biochar Company, and Phoenix Energy, among others, are the key players in the global biochar market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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