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Biochar Market Report Scope & Overview:

The Biochar Market Size was valued at USD 1.78 billion in 2022, and expected to reach USD 4.26 billion by 2030, and grow at a CAGR of  11.5% over the forecast period 2023-2030.

A form of charcoal called biochar is created by carefully heating waste products like animal manure, wood waste, and agricultural waste. Among other uses, it is widely applied as a soil amendment to lessen contaminants and dangerous compounds, as well as to prevent moisture loss, soil leaching, and fertilizer runoff. It has a broad range of uses in a variety of end markets, such as a fabric additive in the textile industry, a raw material in the manufacture of construction materials, and an electromagnetic radiation shield in the electronics sector. More business opportunities are anticipated to arise as a result of environmental awareness, declining raw material costs, and consistent government waste management laws.

Biochar Market Revenue Analysis

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Market Dynamics:

Drivers:

  • Growing Industry Demand for Biochar in Agriculture

  • Growing Consumer Interest in Eco-Friendly Products

Restraints:

  • The pricey nature of biochar

  • The lack of efficient low-emission technology for biochar synthesis

  • Technology Roadblocks

Opportunity:

  • Biochar is being used more frequently in numerous industrial applications.

Challenge:

  • Technology of biochar disadvantages

  • Lacks standardisation and uniformity

Impact of COVID-19:

The entire world came to a standstill as a result of COVID-19, which had an adverse effect on both the agriculture sector and the worldwide biochar market. Despite the fact that the COVID-19 has hurt the market, the stakeholders are urging farmers to put reactors on their farms in order to hasten the conversion of stubble to biomass. Biochar has been cited by the UN's Intergovernmental Panel on Climate Change as a workable way to reduce pollution.

By Application

Agriculture: Acidic or nutrient-rich river drains are filtered using biochar, which is produced from a native reed. The laden chars are then utilised in nearby dairy and farming activities to lower nitrous oxide emissions and sink carbon.

Animal farming: Carbonized biomass, also known as biochar, has long been used extensively in animal medicine. It is similar to charcoal. Additionally, it is utilised as a regular feed addition to enhance the health of animals.

Industrial – Biochar is widely used in a variety of end-use sectors, including those that produce electricity or other forms of energy, make building materials for the construction sector, and many more.

Others: The textile and power generation sectors are included in this category.

By Technology

A sort of manufacturing process known as pyrolysis involves feeding the pyrolysis reactor with biomass from the top while supplying air from the bottom. Biomass is heated inside the reactor, where chemical and physical reactions convert it into biochar. The by-products of the pyrolysis process include biochar, syngas (synthesis gas), and pyrolysis oil.

Another way to make biochar is through gasification, which involves heating partially burning material to high temperatures (between 700 and 1000 oC) in an atmosphere with low oxygen levels. This results in the production of biochar and high-quality fuel gases (hydrogen and carbon monoxide).

Others - Other technologies and processes include hydrothermal carbonization.

Market Segment:

By Production Technology

  • Pyrolysis

  • Gasification

  • Others

By Application

  • Soil Amendment

  • Animal Feed

  • Industrial

  • Others

Biochar Market Segmentation Analysis

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Regional Analysis:

The largest CAGR of 13.8% is anticipated for the Asia-Pacific biochar market size, which in 2020 accounted for 70.2% of global biochar market share. This is explained by the expanding livestock and agricultural sectors, which have improved biochar's performance throughout the Asia-Pacific area. For instance, a paper from the academic journal Science Advances claims that China's livestock unit count has tripled over the past ten years. Additionally, the agriculture industry is expanding quickly in nations like India and Australia, where biochar is commonly employed as a soil supplement. As an illustration, a study released by India Brands Equity.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Pacific Biochar Corporation (US), Novocarbo (India), Airex Energy Inc., Phoenix Energy (US), KARR Group Co. (KGC) (US), ArSta Eco Pvt Ltd. (India), Biochar Supreme (US), Coaltec Energy USA (US), Farm2Energy Pvt. Ltd. (India), Diacarbon Energy (Canada), Frontline BioEnergy LLC (US), ProActive Agriculture (US), and other players.

Pacific Biochar Corporation (US)-Company Financial Analysis

Biochar Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 1.78 Billion
Market Size by 2030 US$ 4.26 Billion
CAGR CAGR of 11.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Production Technology (Pyrolysis, Gasification, Others)
• By Application (Soil Amendment, Animal Feed, Industrial, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Pacific Biochar Corporation (US), Novocarbo (India), Airex Energy Inc., Phoenix Energy (US), KARR Group Co. (KGC) (US), ArSta Eco Pvt Ltd. (India), Biochar Supreme (US), Coaltec Energy USA (US), Farm2Energy Pvt. Ltd. (India), Diacarbon Energy (Canada), Frontline BioEnergy LLC (US), ProActive Agriculture (US), and other players.
DRIVERS • Growing Industry Demand for Biochar in Agriculture
• Growing Consumer Interest in Eco-Friendly Products
Restraints • The pricey nature of biochar
• The lack of efficient low-emission technology for biochar synthesis
• Technology Roadblocks

Frequently Asked Questions

Ans: Pacific Biochar Corporation (US), Novocarbo (India), Airex Energy Inc., Phoenix Energy (US), KARR Group Co. (KGC) (US), ArSta Eco Pvt Ltd. (India), Biochar Supreme (US), Coaltec Energy USA (US), Farm2Energy Pvt. Ltd. (India), Diacarbon Energy (Canada), Frontline BioEnergy LLC (US), ProActive Agriculture (US) are the major key players of Biochar Market.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Technology of biochar disadvantages and Lacks standardisation and uniformity are the challenges faced by the Biochar Market.

Ans:  Growing Industry Demand for Biochar in Agriculture and Growing Consumer Interest in Eco-Friendly Products are the drivers for Biochar Marke

Ans: Biochar Market Size was valued at USD 1.6 billion in 2021, and expected to reach USD 3.58 billion by 2028, and grow at a CAGR of  11.5 % over the forecast period 2022-2028.

 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8.Biochar Market Segment, By Production Technology

8.1 Pyrolysis

8.2 Gasification

8.3 Others

9.Biochar Market Segment, By Application

9.1 Soil Amendment

9.2 Animal Feed

9.3 Industrial

9.4 Others

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company Profile

11.1 Pacific Biochar Corporation (US)

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Novocarbo (India)

11.3 Airex Energy Inc.

11.4 Phoenix Energy (US)

11.5 KARR Group Co. (KGC) (US)

11.6 ArSta Eco Pvt Ltd. (India)

11.7 Biochar Supreme (US)

11.8 Coaltec Energy USA (US)

11.9 Farm2Energy Pvt. Ltd. (India)

11.10 Diacarbon Energy (Canada)

11.11 Frontline BioEnergy LLC (US)

11.12 ProActive Agriculture (US)

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

13. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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