Challenges And Opportunities In The Biochar Market: Technical, Economic, And Regulatory Factors

The global biochar market size is expected to reach USD 1350 million by 2030, registering a CAGR of 13.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Globally increasing demand for the product in organic farming has been a major factor influencing the growth. In addition, increasing consumption in livestock feed and awareness pertaining to benefits of biochar as soil amendment are expected to drive the demand.

Biochar is an evolving industry and is anticipated to become a major influencing factor in increased crop yield and productivity of the agriculture sector. It improves soil fertility and provides necessary nutrition to crop. Moreover, applications in energy production and greenhouse gas remediation are expected to provide new revenue opportunities to the sector.

The market consists of organized and unorganized manufacturers. Growing economies such as China, India, Japan, Mexico, and Brazil produce significant amount of biochar through small and medium scale industries mainly running into village areas. Whereas, large scale manufacturers are concentrated in North America.

Consumption in agricultural application was the highest in 2022 and is anticipated to rise significantly over the forecast period. Among various applications in agriculture, farming held the highest market share in 2022.

In terms of volume, the agriculture sector is estimated to witness speedy growth over the forecast period. It has also gained high popularity in livestock farming as an additive in animal feed. The livestock sector has gained high importance, especially in regions such as Europe and North America where animal flesh is extensively consumed by human beings as a food. As a result of this, biochar consumption is expected to grow substantially in the foreseeable future.

Biochar Market Report Highlights

• Total product manufactured using pyrolysis technology in 2023 accounted for 65.1% market share in terms of revenue and is expected witness rapid growth over the estimated period

• Asia Pacific is expected to witness extensive growth in the forthcoming years due to increasing application of the product in livestock feed and organic farming

• Pyrolysis technology is increasingly used by Earth Systems and Clean Fuels B.V. among other manufacturers operating in the biochar market.

Order a free sample PDF of the Biochar Market Intelligence Study, published by Grand View Research.

Key Biochar Company Insights

• In July 2023, a consortium of Canadian and French companies, including Airex Energy, Groupe Rémabec, and SUEZ, invested C$80 million to construct North America’s largest biochar production facility.

• In July 2023, Eco Allies, a Stereovision subsidiary, announced that Eco Allies, Inc. and Biochar Now, LLC have expanded their J/V's terms. A second plant in Mexico is added, and an increase in the number of kilns for each plant to be built goes from 120 to 180, or 360 kilns in total.