Biochar Market Trends, Applications & Growth Opportunities 2028

Biochar Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Feedstock (Woody Biomass and Agricultural Waste, Animal Manure, and Other Feedstock) and Application (Electricity Generation, Agriculture, Forestry, and Others)

Publication Month : Mar 2022

  • Report Code : TIPRE00009475
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 150
Inquire Before Buy



The biochar market is projected to reach US$ 177.06 million by 2021 from US$ 368.85 million in 2028. It is expected to grow at a CAGR of 11.1% from 2021 to 2028.

The demand for biochar is growing rapidly in the agriculture & feedstock industry. In addition to this, advanced benefits of biochar such as reducing gas emissions and increasing crop productivity are driving the market growth worldwide. However, limited preference among farmers in agricultural economies limits the  biochar market  growth. Further, high transportation cost of raw materials and the possibility of contamination can hinder market growth. The increasing demand for organic food products, rising use of biochar in water treatment, and applications in the construction industry further propel the market growth. In addition, the adoption of biochar for energy production for ensuring environmental sustainability has become a predominant trend in various industries.

Asia-Pacific held the largest share of the market in 2021, and is expected to register a significant CAGR during the forecast period. The key players operating in the biochar market are focusing on expanding their operations across the Middle East & Africa due to the potential customer base, favorable laws, and rapidly developing retail landscape.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Biochar Market: Strategic Insights

Market Size Value inUS$ 177.06 million by 2021
Market Size Value byUS$ 368.85 million in 2028
Growth rateCAGR of 11.1% from 2021 to 2028.
Forecast Period2021- 2028
Base Year2021
Analyst Image


Have a question?

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Impact of COVID-19 Pandemic on Biochar Market

During the COVID-19 pandemic, the biochar market faced unprecedented challenges due to the shortage in raw material supply, the shutdown of factories, limited availability of workforces, and other operational difficulties faced under pandemic safety protocols. The shutdown of manufacturing units, problems in the procurement of raw materials, and restrictions on logistics also hampered the global market growth. The outbreak disrupted value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage to businesses. This led to a fall in demand for biochar. Furthermore, research activities were hampered due to the shuttering of laboratories and production facilities.

Biochar Market Breakdown – by Region

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Market Insights
Biochar helps in increasing crop productivity

Biochar is a carbonaceous material that can help stabilize toxins in  mining waste  and boost revegetation. It helps in reducing gas emissions and increasing crop productivity. Biochar helps in soil improvement, lowering environmental pollution levels, and mitigating greenhouse gas emissions. Government agencies across the world aim to make their energy systems more sustainable, secure, and competitive. Many policies by them support sustainable waste management and environmental protection, which is boosting biochar production capacities across the world.

Biochar is beneficial for soil resiliency leading to increased crop production. The organic food industry started to boom for more than a decade now. Rising awareness among people about the benefits of organic food and side effects of artificial chemicals in food production has further boosted the growth of organic food. The price difference between organic and inorganic food is also insignificant when compared to the health benefits carried by organic food. Organic food prevents the body from the needless intake of pesticides and fertilizers. Also, growth in e-commerce has acted like a catalyst for this industry .Use of Biochar in organic farming is better for the environment and more sustainable. All these benefits are driving the biochar market during the forecast period.

Feedstock Insights

The biochar market, by feedstock, is segmented into woody biomass and agricultural waste, animal manure, and other feedstock. The woody biomass and agricultural waste segment is projected to register the highest CAGR during the forecast period. This woody biomass is derived from trees. The farm waste segment includes manure, oil, silage plastics, fertilizers, pesticides and herbicides; wastes from farms, poultry houses and slaughterhouses; veterinary medicines; and horticultural plastics. The growing application in the agricultural & feedstock industry is driving the demand for biochar.

Biochar Market, by Feedstock – 2020 and 2028

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Application Insights

The biochar market, based on application, has been segmented into electricity generation, agriculture, forestry, and others. The agriculture segment is projected to register the highest CAGR during the forecast period. Biochar enhances soil structure, increases water retention and aggregation, decreases acidity, reduces nitrous oxide emissions, improves microbial properties, regulates nitrogen leaching, and improves porosity. The application of biochar in agriculture is also beneficial for composting since it reduces greenhouse gas emissions and prevents the loss of nutrients in the compost material. It accelerates the composting process by promoting microbial activity.

Further, new uses for this ultra-porous material (biochar) are cropping up all over the industrial landscape. Biochar has been making waves not only as a soil amendment, but for its use in animal feed and other animal husbandry applications. Adoption of biochar leads to improved digestion in animals. Biochar offers many benefits to animals resulting in improved overall health, leading to a boost in productivity. The benefits of biochar don’t stop after digestion; biochar that is excreted as manure also helps in maintaining the soil-restoring properties adding an additional value proposition to farmers. The government is also supporting the use of this product for livestock feeding. This proves to be an emerging opportunity that will lead to growth of Biochar market during the forecast period.

The key players operating in the biochar market include Carbon Gold Ltd; Genesis Industries; Black Owl Biochar; Biochar Now, LLC; Airex Energie Inc.; Phoenix Energy; American Biochar Company; Bioforcetech Corp; ECOERA; and PYROPOWER. Due to vital government initiatives and regulatory policies, the players focus on to increase energy production from biomass and engage in biochar production. Environmental benefits and advantages associated with biochar are creating lucrative opportunities for the market players.

Report Spotlights

  • Progressive industry trends in the biochar market to help players develop effective long-term strategies
  • Business growth strategies adopted to secure growth in developed and developing markets
  • Quantitative analysis of the biochar market from 2019 to 2028
  • Estimation of global demand for biochar
  • Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook, and factors governing the growth of the biochar market
  • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • Size of the biochar market size at various nodes
  • Detailed overview and segmentation of the market, and the biochar industry dynamics
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Feedstock and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

Can you list some of the major players operating in the global biochar market?

Some of the prominent players operating in the global biochar market include Airex Énergie Inc.; Genesis Industries; Carbon Gold Ltd; Black Owl Biochar; Biochar Now, LLC; Phoenix Energy; American BioChar Company; BioForceTech Corporation; Ecoera, and Pyropower, among others.

What is the scope of the biochar market?

Biochar is charcoal or high-carbon, the fine-grained residue produced via pyrolysis. Biochar is used as a soil conditioner and fed to animals. Biochar is a stable solid rich in carbon and can abide in soil for thousands of years. Biochar offers multiple soil health benefits. It promotes good soil and plants health.

Which region led the global biochar market in 2020?

In 2020, Asia-Pacific led the global biochar market. The increasing focus on municipal and industrial wastewater treatment is driving the demand for biochar in the region. Moreover, the governments are also investing in sewage treatment plants to promote the reuse and recycling of water.

Based on feedstock, which segment is leading the global biochar market.

Based on product type, the biochar crystals segment held the largest share in the biochar market. It is a precursor to polyacrylamides that have a wide range of applications as water-soluble thickeners and flocculation agents.

Based on application, which segment held the largest share in the biochar market?

Based on application, the water and wastewater treatment segment held the largest share in the global biochar market. Biochar is used to manufacture biochar polymer (polyacrylamide) which is used as a flocculent in wastewater treatment.

What are the key factors influencing market growth?

The global biochar market is primarily driven by growing demand for biochar in agriculture & feedstock industry and advanced benefits of biochar.

The List of Companies - Biochar Market 

  1. Airex Énergie Inc.                
  2. Genesis Industries             
  3. Carbon Gold Ltd                  
  4. Black Owl Biochar                
  5. Biochar Now, LLC                
  6. Phoenix Energy    
  7. American BioChar Company           
  8. BioForceTech Corporation              
  9. Ecoera     
  10. Pyropower

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Related Reports