According to the latest report by IMARC Group titled, “Biochar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2026”, The global biochar market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026.
Biochar refers to a type of carbon-rich charcoal that is produced by the heating of agricultural waste, animal manure, and woody biomass. It helps in improving soil fertilization, maintaining adequate moisture levels, reducing pollutants, providing crop nutrition, and preventing soil leaching. Owing to various technological innovations, such as gasification and pyrolysis, biochar finds extensive applications across various industries, including pharmaceuticals and agriculture.
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The prevalent trend of organic farming has stimulated the utilization of biochar in mixed farming, biodynamic agriculture, and zero tillage farming methods. In line with this, the rising health consciousness and escalating consumer expenditures on high-quality, organic food items have bolstered the market growth. Moreover, the thriving electronics industry is positively influencing the demand for biochar in the manufacturing of building materials. Apart from this, the increasing awareness about waste management, coupled with various stringent environmental regulations for minimizing carbon footprints, is expected to fuel the growth of the global biochar market in the coming years.
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Key Market Segmentation
Breakup by Feedstock Type
Breakup by Technology Type
Breakup by Product Form
Coarse and Fine Chips
Pellets, Granules and Prills
Breakup by Application
Soil, Water and Air Treatment
Breakup by Region
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Agri-tech Producers, Diacarbon Energy Inc., Cool Planet, Pacific Biochar, Phoenix Energy, Biomacon GmbH, Vega Biofuels, Terra Char, Avello Bioenergy, Genesis Industries, Interra Energy Services, Element C6, Carbon Gold Ltd., Biochar Solution Ltd., etc.
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