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The biochar market size is estimated to grow at a CAGR of 13% between 2022 and 2027. The market size is forecast to increase by USD 1,725.12 million. The growth of the market depends on several factors including emissions reduction, soil quality enhancement, and the availability of livestock feed.
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A key factor shaping the biochar market growth is the growing need to boost crop development. There is a growing demand for accelerating crop development and boosting agricultural production. Hence, this fuels the demand for biochar material as the addition of biochar as a soil supplement increases soil fertility, water retention, and nutrient availability.
Additionally, there is increasing adoption of biochar by farmers and the agricultural sector to resolve issues regarding soil degradation, climate change, and sustainable agriculture. For example, in Brazil, the application of biochar has enhanced crop productivity and soil health in areas affected by deforestation and agricultural growth. Hence, such factors are expected to drive market growth during the forecast period.
There is an increasing adoption of biochar materials for farming applications. The increased use of biochar as a soil amendment in farming practices to improve soil quality, water retention, and nutrient availability led to increased crop yields and sustainable agriculture.
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There is increasing adoption of biochar materials by farmers across the world to combat soil erosion, improve soil fertility, and lessen the impact of climate change. For example, in Australia, there is wide use of biochar to boost the yield of fruits and vegetables. Furthermore, these materials are extensively used in some areas of Africa to accelerate crop yield in nutrient-deficient soils. Factors such as increasing consumer demand for organic food and environmentally friendly farming methods are fuelling the increasing use of biochar across the farming segments. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main factors which are significantly contributing to the global biochar market in North America are the rising demand for pyrolysis equipment and increased usage of biochar in power generation. Additionally, there is an increasing focus on several biochar manufacturers in North America on developing their offers and biochar commercialization.
Furthermore, the demand for biochar in the region is fuelled by growing environmental concerns and the increasing availability of low-cost feedstock. One of the main countries in North America which is significantly contributing to the biochar market is the US. Several factors such as the growing number of production facilities, the increasing application of biochar in agriculture and sectors including power generation and filtration, and the availability of a huge volume of agricultural and forestry waste are significantly fuelling the demand for the biochar market in the US. Hence, such factors are expected to drive market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global biochar market witnessed a significant slowdown due to the delayed production and sale of biochar caused by the disruption in supply chains, manufacturing, and distribution in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the increase in demand for sustainable agriculture methods and carbon sequestration technologies such as biochar surged as vaccination rates in the region. Such factors are expected to drive the market during the forecast period.
One of the key factors driving the biochar market growth is that it improves soil quality. There is increasing adoption of biochar materials as it enhance crop productivity by improving soil physicochemical and biological qualities such as water retention, pH, and microbial activity. The Biochar lowers E-coli leaching through sandy soils and it depends on several factors such as the application rate, feedstock, pyrolysis temperature, soil moisture content, soil texture, and surface characteristics of the bacteria.
Some of the key advantages of biochar include enhancing water quality, reducing greenhouse gas emissions from soil, minimizing nutrient leaching, reducing soil acidity, and minimizing the need for irrigation and fertilizer. Furthermore, it also helps to stimulate plant systemic responses to foliar fungal diseases and enhances plant responses to soilborne pathogens. Hence, such factors are expected to drive market growth during the forecast period.
High investment is one of the key challenges hindering the biochar market growth during the forecast period. It is essential to include biogenic residues such as agricultural residues, sewage sludge, and digestate from biogas production in the feedstock to increase the sustainability of biochar production.
Additionally, some residues from the food industry such as brewer-spent grain as well as modern process residues such as ethanol production from straw and macroalgae should also be included. Thus there is a high cost associated with the initial investment in biochar production. Therefore, it is negatively affecting the market. Hence, such factors are expected to hinder market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Biochar Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Airex Energie Inc: The company offers biochar made from wood waste, which can be used to improve soil quality, reduce greenhouse gas emissions, and filter water.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The biochar market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Biochar Market Scope |
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Report Coverage |
Details |
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Page number |
153 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13% |
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Market growth 2023-2027 |
USD 1725.12 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
12.55 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 36% |
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Key countries |
US, Mexico, China, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Airex Energie Inc., American BioChar Co., American Eagle Outfitters Inc., Aries Clean Technologies LLC, ArSta eco Pvt. Ltd., Avello Bioenergy Inc., Biochar Now LLC, Biochar Solutions Inc., Biochar Supreme LLC, Bioforcetech Corp., Carbon Gold Ltd., Earth Systems Consulting Pty Ltd., ECOERA AB, Oregon Biochar Solutions, Pacific Biochar Benefit Corp., Phoenix Energy Group LLC, PYROPOWER, Seneca Farms Biochar LLC, Swiss Biochar Sarl, and Vow ASA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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