Biochar Market Report, Share, Size, Trends, Growth, Demand and Forecast Till 2024

Global Biochar Market Research Report and Forecast 2024

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Report Description Global Biochar Market Overview:

According to the latest report by IMARC Group, titled “ Biochar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global biochar market size reached US$ 436.4 Million in 2018. Biochar refers to a carbon-rich product that is made by burning organic materials, such as wood, leaves or manure, at a controlled temperature in an environment with little or no oxygen. It is a lightweight, black, highly porous and fine-grained material, which is cleaner and more efficient at converting carbon into a stable form as compared to the other types of charcoal. Today, biochar has gained immense popularity across the globe as it helps to solve a variety of environmental problems. For instance, the production of biochar provides a highly sustainable method for managing organic residues, as well as generating renewable and decentralized energy.

Global Biochar Market Trends Biochar production has the potential to help in combating global climate change by displacing fossil fuel use and sequestering carbon in stable soil carbon pools. It also improves water quality and quantity by increasing soil retention of nutrients and agrochemicals for plant and crop utilization. Besides this, biochar is used for insulation in the construction industry, manufacturing food packaging material and as a feed supplement and air-purifying agent.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

in Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

It is also utilized as an alternative fuel source in many developing countries, wherein it is employed in the charring process for cooking. Moreover, many companies are developing pyrolysis technologies and diversifying biochar applications to attain a competitive edge. Looking forward, the market value is projected to reach US$ 870.7 Million by 2024, registering a CAGR of around 12% during 2019-2024.

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As a result, governments of various countries are taking favorable initiatives to encourage biochar usage to improve soil fertility and resilience. For instance, the Government of Australia is investing heavily in the Biochar Capacity Building Program under the Carbon Farming Initiative (CFI) to understand the ability of biochar to store carbon and reduce greenhouse gas emissions. Similarly, the International Biochar Initiative (IBI) is a non-profit platform for fostering economically viable and safe biochar production systems by supporting collaborations, establishing good industry practices, and creating environmental and ethical standards in the industry.

Biochar Market Segmentation Market Segmentation by Feedstock Type • • • •

Woody Biomass Agricultural Waste Animal Manure Others

Based on the feedstock type, the market has been segmented into woody biomass, agricultural waste, animal manure and others.

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For more information, click here: https://www.imarcgroup.com/biochar-market Market Segmentation by Technology • • • • •

Slow Pyrolysis Fast Pyrolysis Gasification Hydrothermal Carbonization Others

On the basis of the technology type, the market has been classified into slow pyrolysis, fast pyrolysis, gasification, hydrothermal carbonization and others.

Market Segmentation by Product Form • • •

Coarse and Fine Chips Fine Powder Pellets, Granules and Prills

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Liquid Suspension

The market has been categorized based on the product form into coarse and fine chips, fine powder, pellets, granules and prills, and liquid suspension.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Middle East and Africa Latin America

Region-wise, the market has been divided into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.

Market Segmentation by Application •

Farming

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Gardening Livestock Feed Soil, Water and Air Treatment Others

On the basis of the application, the market has been segregated into farming, gardening, livestock feed, soil, water and air treatment, and others.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • •

Agri-tech Producers Diacarbon Energy Inc Cool Planet Pacific Biochar Phoenix Energy Biomacon GmbH

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Vega Biofuels Terra Char Avello Bioenergy Genesis Industries Interra Energy Services Element C6, Carbon Gold Ltd Biochar Solution Ltd

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