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Biochar - Global Market Trajectory & Analytics

  • ID: 5140929
  • Report
  • February 2022
  • Region: Global
  • 534 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • American Biochar Company
  • Aries Clean Energy LLC
  • ArSta eco Pvt., Ltd.
  • Avello Bioenergy, Inc.
  • Biochar Supreme, LLC
  • Carbon Gold Ltd.

Global Biochar Market to Reach US$2 Billion by the Year 2026


Biochar technology is considered to have the potential to lower climate change and enhance quality of soil and also generate energy and reduce waste. Biochar refers to a material similar to charcoal that is produced through the combustion of organic material that comes from forest and agricultural waste in a controlled manner known as pyrolysis. Biochar is made with the use of a particular process to store carbon safely and lower contamination. In the process of pyrolysis, dead plants, leaf waste, wood chips and such other organic materials are burned in the presence of minimum oxygen. During the burning of such material, minimal to zero contaminating fumes are emitted. The organic material gets converted into biochar in the pyrolysis process. Biochar is carbon`s stable form that cannot mix with the atmosphere easily. The heat or the energy produced during pyrolysis can be employed as clean energy. As compared to the various forms of charcoal, biochar is said to be cleaner. Biochar is very porous, black, fine-grained, has a wide surface area, and is light in weight. Carbon constitutes 70% of biochar`s composition and the balance percentage includes oxygen, hydrogen, and nitrogen, among others. The chemical composition of biochar differs based on the feedstocks employed to produce it and the techniques used for heating it. Biochar has been accredited by the UN-backed Intergovernmental Panel on Climate Change as an effective means to control environmental pollution. The use of biochar is increasingly being advocated for enhancing soil quality and increasing crop yield while not causing further damage to the environment. Therefore, biochar can play a very important role in carbon sequestration, enriching soil with nutrients, enhancing soil quality, stimulating extracellular enzymes and microbial diversity, and minimizing plant disease severity.

Amid the COVID-19 crisis, the global market for Biochar estimated at US$1 Billion in the year 2021, is projected to reach a revised size of US$2 Billion by 2026, growing at a CAGR of 12.6% over the analysis period. Woody Biomass, one of the segments analyzed in the report, is projected to grow at a 11.7% CAGR to reach US$1.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Agricultural Waste segment is readjusted to a revised 14.6% CAGR for the next 7-year period. This segment currently accounts for a 25.2% share of the global Biochar market.

Application areas for biochar are on the rise. Biochar is among the products generated from thermochemical conversion. This technique (based on the specific technology used) can also produce electricity, heat, wood vinegar, and bio-oil. It is widely being considered to be a low cost option for using organic materials that are otherwise sent to the landfill. Based on the temperatures employed, 75-95% reduction in volume can be attained. But the remainder solids are not toxic waste and can be used for improving soil, to lower flooding, for water purification and in various other applications. Producers of biochar are increasingly tailoring the production of biochar based on the application area by changing the processing factors, organic material used, and making other adjustments. While charcoal is generally made using woody byproducts or wood, biochar can be produced using an array of organic materials such as wood, manures, food waste, seaweed, and crop residues, among others.

Agriculture is a key market for biochar. Biochar can have a different impact on various crops and soils. It has been observed to have a yield-augmenting impact on low fertile soils and in areas where a deep soil layer (organic) cannot be created easily. In drought-prone areas where there is a high cost for water, biochar can aid in improving water management. In some kinds of perennial agriculture, the use of biochar can enable trees to produce nuts or fruit earlier. Biochar can also make agricultural produce more marketable, as they can lower the absorption of metals by plants, especially when the soil has been found to be toxic.

The U.S. Market is Estimated at $309.5 Million in 2021, While China is Forecast to Reach $251.7 Million by 2026


The Biochar market in the U.S. is estimated at US$309.5 Million in the year 2021. The country currently accounts for a 29.62% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$251.7 Million in the year 2026 trailing a CAGR of 16% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.1% and 11.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.1% CAGR while Rest of European market (as defined in the study) will reach US$292 Million by the close of the analysis period.

The market is expected to grow supported by a confluence of a number of favorable factors like high adoption in farming applications, rising adoption of pyrolysis technique and advances in gasification biochar systems. Biochar represents a form of charcoal that is mainly derived by pyrolysis of organic waste like agricultural waste, forest waste, wood waste and animal manure. Biochar is extensively used improve soil fertility by preventing soil leaching, fertilizer runoff and moisture erosion. The compound has gained increasing popularity to reduce toxic elements and pollutants. The biochar market is receiving a major stimulus from increasing organic food production along with rising awareness among the farming community regarding numerous benefits of the product in improving plant growth and boosting yield. The market growth is favored by high demand for quality organic crops and unabated progress of the agriculture sector. While agriculture remains the primary application, the biochar market is likely to also gain from increasing use in other domains. Biochar is finding high uptake as fabric additive within the textile industry, as protective shield against harmful electromagnetic radiation within the electronics industry and as raw material in building material production. Further growth of the market is anticipated to be augmented by increasing use of the compound in water treatment applications, mainly across emerging economies.

The market growth is likely to be further complemented by biochar production using crop residue and biogas. Biochar is expected to also find increasing use in conservatory gas remediation, electricity generation and livestock feed. In addition, rising environmental awareness, supportive government initiatives regarding waste management and availability of cheap raw materials are bound to create exciting growth avenues for the biochar market. The global biochar market is expected to continue to record growth over the coming decade, stimulated by numerous biochar advantages, including a favorable environmental profile, and greater stress on use of renewable energy, for which biochar is key source. In addition to the huge demand for electricity, another factor supporting growth of the biochar market is cheap and abundant biomass waste materials available worldwide.

Rapid urbanization and industrialization across the world over the previous years has contributed to a significant increase in demand for electricity and a massive trend for replacing coal with renewable sources to generate energy. In Asia alone, the consumption of electricity has been increasing at a rapid rate, standing at about 10,716 TWh in the year 2019. With demand for electricity continuing to scale up each year, the world leaders and environmental advocates have been emphasizing on renewables usage as a source of energy to address the huge electricity demand worldwide. Biochar being a major source of renewable energy can help sequester at least a billion ton of carbon each year.

Animal Manure Segment to Reach $307.4 Million by 2026


In the global Animal Manure segment, USA, Canada, Japan, China and Europe will drive the 13.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$107.3 Million in the year 2020 will reach a projected size of US$257.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.5 Million by the year 2026, while Latin America will expand at a 14.7% CAGR through the analysis period.

Select Competitors (Total 135 Featured) -

  • Airex energy incorporation
  • American Biochar Company
  • Aries Clean Energy LLC
  • ArSta eco Pvt., Ltd.
  • Avello Bioenergy, Inc.
  • Biochar Supreme, LLC
  • Carbon Gold Ltd.
  • Karr Group
  • Pacific Biochar Benefit Corporation
  • Phoenix energy systems, Inc.
  • Swiss Biochar GmbH
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • American Biochar Company
  • Aries Clean Energy LLC
  • ArSta eco Pvt., Ltd.
  • Avello Bioenergy, Inc.
  • Biochar Supreme, LLC
  • Carbon Gold Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Biochar – Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • A Prelude to Biochar
  • Impact of COVID-19 and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • The Never-Ending “Race” Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, Where is the World Economy Heading Now & Beyond?
  • Omicron Spreads Panic Worldwide; Omicron Variant Brings Back Memories & Fears of the Worst Part of the 2020 Pandemic
  • Pharma Firms Aim to Improve Existing Vaccines to Counter Omicron
  • Pharma Firms Aim to Improve Existing Vaccines to Counter Omicron
  • Short-term Impact of Omicron on Travel
  • Steps taken by the Countries to Prevent Transmission of Omicron Variant
  • With IMF Making an Upward Revision of Global GDP for 2021, Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • COVID-19 Impact on Biochar Market
  • Global Market Overview and Analysis
  • High Uptake in Farming Adds to Grander Momentum of Global Biochar Market
  • Low-cost Feedstock Makes Biochar Attractive
  • Favourable Environmental Profile of Biochar Fuels Market Growth
  • Biochar Feedstock Analysis
  • Application Areas of Biochar Set to Increase
  • Regional Market Analysis
  • North America Commands Biochar Market, while Asia-Pacific to Post Impressive Growth
  • Biochar Emerges as Lucrative Venture for Market Participants
  • Biochar Production to Remain Resilient Despite Covid-19 Impact
  • Market Outlook
  • Growth Constraints
  • Pyrolysis & Agriculture: Segments Giving Special Thrust to Biochar Market
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rising Focus on Sustainable Agriculture Drives Demand for Biochar
  • Biochar as a Soil Additive
  • Biochar: Interesting Gamut of Agricultural Applications
  • Shrinking Arable Land Drives Demand for Biochar
  • Loss of Arable Land Exerts Immense Pressure on Yields Per Acre: Global Availability of Arable Land in Hectares Per Person for the Years 1990, 2000, 2018 and 2020
  • Uptrend in Regenerative Agriculture Bodes Well for Market Growth
  • Emergence of Mega Farms Augments Importance of Biochar
  • Farm Size Distribution Worldwide: Percentage Breakdown of Farm Land by Size and Region
  • Ballooning Global Population Drives Need for Food Security Leading to Growing Consumption of Biofertilizers
  • Unprecedented Demand for Organic Food Augments Growth
  • Global Demand for Organic Food Products (in US$ Billion): 2015-2025
  • Increased Demand for High-Quality Crops for Organic Food to Widen Market Prospects
  • Governmental Emphasis on Organic Farming Augurs Well for Market Growth
  • Growing Use of Biochar as Animal Feed Additive
  • Global Livestock Feed Additives (In US$ Billion) Market for the Years 2018, 2020, 2022, 2024 & 2025
  • Growing Meat Market – The Prime Growth Driver for Biochar for Animal Farming
  • Global Trends in Meat Production, Consumption and Trade: A Major Growth Influencer in Biochar Market
  • Global Meat Production in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
  • Global Meat Consumption in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
  • Sustained Rise in Electric Power Consumption Drives the Need for Biochar
  • Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Increasing Use of Biochar in Renewable Energy Production to Offer Significant Market Gains
  • Clean Energy Transition Opens Up New Opportunities for Biochar: Global New Investment (In US$ Billion) in Clean Energy for the Years 2015-2019
  • Emergence of Biochar Application for Water and Wastewater Treatment
  • Continuous Feed Pyrolyzers Augment Biochar Production
  • Advancements in Production of Biochar Crucial to Sustain Growth
  • Organic Waste Gets New Life & Value with Rising Focus on Biochar Production
  • Existing & Potential Feedstock Options for Biochar Production
  • Traditional & Advanced Approaches for Biochar Production
  • Modified Biochar with Interesting Properties
  • Water & Wastewater Treatment: Promising Subset of Biochar Application

4. GLOBAL MARKET PERSPECTIVE

  • World Population by Geographic Region (2018-2050) (in Thousands)

III. MARKET ANALYSIS

UNITED STATES

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Biochar Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 135
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Airex energy incorporation
  • American Biochar Company
  • Aries Clean Energy LLC
  • ArSta eco Pvt., Ltd.
  • Avello Bioenergy, Inc.
  • Biochar Supreme, LLC
  • Carbon Gold Ltd.
  • Karr Group
  • Pacific Biochar Benefit Corporation
  • Phoenix energy systems, Inc.
  • Swiss Biochar GmbH
Note: Product cover images may vary from those shown