Biochar’s ability to improve penetrating precipitation in non-irrigated dry-land producing zones continues to expand the biochar’s breadth of penetration.
In 2020, the global biochar market will be worth US$ 8 million, accounting for 0.23 percent of the total charcoal market. Biochar sales are expected to grow at an 11 percent compound annual growth rate (CAGR) to reach US$ 23 million by 2031. During the assessment period, demand for pyrolysis technology in biochar is expected to grow at a CAGR of 10%.
Because it removes all toxic materials and sand pollution, biochar is an important component of soil amendment. By avoiding fertiliser runoff, managing and maintaining soil moisture, minimising soil leeching, and preventing soil erosion, biochar minimises the risk of soil erosion.
Key Segments Covered in Biochar Industry Research
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Technology
- Pyrolysis
- Gasification
- Hydrothermal Carbonization
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Feedstock
- Woody Biomass
- Agricultural Waste
- Animal Manure
- Others
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Application
- Biochar for Agriculture
- Biochar for Animal Farming
- Biochar for Electricity Generation
Competitive Environment
Several biochar suppliers are currently leading the way, and they are continuing to focus their strategies on the development of cost-effective and energy-efficient variations.
Companies are expected to stick to sophisticated manufacturing techniques for a variety of economical replacements for activated carbon applications, given that low-emission, low-cost biochar products have recently captured the attention of market participants.
Biochar application could also help reduce compost greenhouse gas (GHG) emissions and odours, as well as hydrogen sulphide sorption in wastewater treatment, according to industry stakeholders.
Takeaways from the Market Research
By 2031, the global biochar market is expected to reach US$ 23 million.
By 2031, the pyrolysis technology segment is expected to be worth roughly US$ 13 million.
Over the next ten years, agricultural waste is expected to grow at a rate of more than 15%.
North America accounts for more than half of the market.
Over the projected period of 2021-2031, the Japanese market is expected to grow at a 10% CAGR.
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