The granular biochar market size is expected to grow from US$ 68,789.87 thousand in 2022 to US$ 172,103.82 thousand by 2030; it is estimated to register a CAGR of 12.1% from 2022 to 2030.
MARKET ANALYSIS
The global granular biochar market has experienced notable growth in recent years, driven by increasing demand for sustainable products. Granular biochar is manufactured using raw materials such as sewage, yard waste, food waste, crop residues, and hardwood species. In granular biochar production, feedstock and processing conditions play an important role in the yield and properties of the final product. The application of biochar to the soil helps in the reduction of offsite pollution. It increases the retention of nutrients such as phosphorous and nitrogen in the soil. This decreases the leaching of nutrients from the soil into the groundwater and helps save nutrients from erosion due to the surface water flow.
The increasing use of granular biochar in agriculture due to its advanced benefits have further facilitated the expansion of the granular biochar market. Using various application rates and preparation techniques, granular biochar is applied to agricultural soils. The rate of application and preparation of the granular biochar mainly depends upon specific soil conditions and the materials used to make the granular biochar. Granular biochar helps to improve soil fertility, which stimulates plant growth. Due to granular biochar's ability to retain soil nutrients for long periods, it reduces the need for chemical fertilizers. Further, the global granular biochar market trends include the use of granular biochar in water and wastewater treatment
GROWTH DRIVERS AND CHALLENGES
Agriculture is one of the major areas of application for granular biochar. The agriculture industry is proliferating and providing several opportunities for the granular biochar market growth. In recent years, the interest in using biochar in agriculture has been increasing due to the beneficial properties of this material. The application of granular biochar to temperate soil can improve a variety of soil health indicators. Soil health is the capacity of the soil to function as a living system to sustain biological productivity and maintain environmental quality. Granular biochar has the potential to retain soil nutrients such as ammonium, nitrate, and phosphorus, and this effect is most readily observed in light-textured soils. Granular biochar helps to improve soil fertility status and increase crop productivity.
Soil degradation is a major concern in agriculture globally. Biochar is applied to degraded soils to enhance their quality and address this burgeoning problem. Granular biochar helps to improve soil quality by enhancing soil structure, increasing water retention and aggregation, decreasing acidity, improving porosity, regulating nitrogen leaching, and improving microbial properties. It is also found to be beneficial for composting. It helps reduce greenhouse gas emissions and prevents the loss of nutrients in the compost material. It also helps to reduce the compost's ammonia losses, bulk density, and odor. These associated benefits of granular biochar are bolstering its demand from the agriculture industry.
In North America, various regional groups support the production and use of biochar in the agriculture industry. For instance, the Pacific Northwest Biochar Atlas is a resource for biochar users and producers. Pacific Northwest Biochar Atlas guides farmers, gardeners, and other end users on the potential benefits of biochar, including decision support tools to select biochar and amendment rates. The California Biochar Association seeks to build a strong and cohesive state-wide voice advocating for the production and use of biochar in agriculture and other industries. Further, the mission of the Sonoma Biochar Initiative is to engage stakeholders in the advantages of biochar as a tool for climate policy and agricultural benefit. Thus, the rising demand for granular biochar from the agriculture industry is driving the global granular biochar market growth.
According to the United Nations, the global population is expected to rise by ~2 billion people in the next 30 years; it is expected to surge from 8 billion in 2022 to 9.7 billion by 2050. The population would further peak at ~10.4 billion in the mid–2080s. These stats have been alarming the agricultural sector about the subsequently increasing food demand. As a result, agriculturists across the world are focusing on modifying farming practices to obtain high yields from smaller cultivation areas. Hence, the need for fertilizers in farming, including granular biochar, increases with a major focus on crop protection and yield enhancement in the agricultural sector. Thus, various advantages of granular biochar for crop protection and yield enhancement contribute to the global granular biochar market size. Granular biochar contains contaminants introduced by its feedstock or co-produced during pyrolysis. Granular biochar manufactured by pyrolysis at high temperatures under limited oxygen conditions can contain well-known contaminants such as polycyclic aromatic hydrocarbons (PAHs), potentially toxic elements (PTEs), dioxins, volatile organic compounds (VOCs), and emerging contaminants such as persistent free radicals and metal cyanide. Thus, contaminants in granular biochar are restraining the growth of the granular biochar market.
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Granular Biochar Market: Strategic Insights
Market Size Value in US$ 68,789.87 thousand in 2022 Market Size Value by US$ 172,103.82 thousand by 2030 Growth rate CAGR of 12.1% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Granular Biochar Market: Strategic Insights
| Market Size Value in | US$ 68,789.87 thousand in 2022 |
| Market Size Value by | US$ 172,103.82 thousand by 2030 |
| Growth rate | CAGR of 12.1% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "Global Granular Biochar Market to 2030" is a specialized and in-depth study with a significant focus on market trends and opportunities. The report aims to provide an overview of the market with detailed market segmentation on the basis of product type, application, and geography. The global granular biochar market has witnessed significant growth over the past few years and is expected to continue this trend during the forecast period. The report provides key statistics on the use of granular biochar worldwide, along with their demand in major regions and countries. It also provides a qualitative assessment of various factors affecting the market performance in major regions and countries. The report also includes a comprehensive analysis of the leading market players and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the significant revenue pockets.
Ecosystem analysis and Porter’s five forces analysis also provide a 360-degree view of the global granular biochar market analysis, which helps understand the entire supply chain and various factors affecting the market growth.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
SEGMENTAL ANALYSIS
The global granular biochar market is segmented on the basis of product type and application. In terms of product type, the market is segmented into wood source biochar, corn and wheat source biochar, and others. By application, the market is segmented into soil conditioners, fertilizers, and others.
Based on product type, the corn and wheat source biochar segment held a significant global granular biochar market share in 2022. Corn and wheat source biochar is derived from corn straw, and corn source biochar is mixed with all alkaline soil at 0%, 2.5%, 5%, and 10% loading levels and exposed to natural elements. Biochar is produced from corn sources in slow pyrolysis of corn straw at 450 degrees with a residence time of 2 hours under limited oxygen conditions. Based on application, the fertilizer segment led the market with a significant market share in 2022. Granular biochar, with its porous structure and high carbon content, has gained prominence as a versatile soil amendment, offering a range of benefits for plant growth and nutrient retention. As a fertilizer alternative, granular biochar improves soil fertility by enhancing nutrient availability and uptake for plants.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
REGIONAL ANALYSIS
The granular biochar market report provides a detailed regional overview of the market. APAC accounted for a significant global granular biochar market share and was valued at ~US$ 55 million in 2022. China is a major contributor to the market growth in this region. North America is also expected to witness notable growth, reaching over US$ 25 million by 2030. Furthermore, in Europe, there has been a widespread use of granular biochar. The granular biochar market in Europe is expected to report a CAGR of ~12% from 2022 to 2030.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnerships, acquisitions, and new product launches are a few prominent strategies adopted by the players operating in the global granular biochar market.
- In January 2024, Pyreg GmbH announced supplying a carbonization plant to Black Bull Biochar for an industrial site in the North of England. The UK's biochar market is fragmented and nascent. Collaborating with Black Bull Biochar has widened opportunities for Pyreg GmbH to stamp its footprint in a new market.
- In April 2022, Pyreg GmbH announced the establishment of a subsidiary company in the US. The newly established subsidiary is located in Portland, Maine. The decision to expand is a response to the growing demand for its CDR technology in the US. In FY 2023, the company aimed to initiate operations with two biomass plants with the aim of generating a carbon removal of 3,000 metric ton of CO2 from the atmosphere.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Cyclic Carbon Pty Ltd, Advanced Renewable Technology International Inc, CharGrow USA LLC, Airex Energy Inc, Carbonis GmbH & Co KG, Pyreg GmbH, Oregon Biochar Solutions, Arsta Eco Pvt Ltd, American BioChar Co, and BioChar6 are a few major players analyzed in the global granular biochar market report.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The fertilizer segment held the largest share of the global granular biochar market in 2022. Granular biochar, with its porous structure and high carbon content, has gained prominence as a versatile soil amendment, offering a range of benefits for plant growth and nutrient retention. As a fertilizer alternative, granular biochar improves soil fertility by enhancing nutrient availability and uptake for plants. Beyond nutrient management, granular biochar has the potential to mitigate the environmental impacts of traditional fertilizers. By reducing nutrient runoff and leaching, biochar-based fertilizers can help address water pollution issues associated with excessive fertilizer application. All these factors led to the dominance of fertilizer segment in 2022.
The soil conditioner segment is expected to register the highest CAGR in the granular biochar market from 2022 to 2030. With its unique properties, granular biochar serves as an effective soil conditioner, enhancing various aspects of soil structure and function. The porous structure of biochar acts as a sponge, holding onto moisture and preventing waterlogged conditions in the soil.
In 2022, Asia Pacific held the largest share of the global granular biochar market. The demand for granular biochar in Asia Pacific is expected to grow significantly during the studied forecast period, owing to increased agricultural production. Countries in the region, such as Indonesia, suffer from problems such as the lack of water and poor-quality soil. Granular biochar helps improve soil fertility by maintaining acidity levels and restoring soil nutrients. Granular biochar is produced in the nation by several small and medium-sized manufacturers. As a result, the granular biochar market has huge potential in Asia Pacific.
Granular biochar is manufactured using raw materials such as sewage, yard waste, food waste, crop residues, and hardwood species. In granular biochar production, feedstock and processing conditions play an important role in the yield and properties of the final product. The application of biochar to the soil helps in the reduction of offsite pollution. It increases the retention of nutrients such as phosphorous and nitrogen in the soil. This decreases the leaching of nutrients of soil into the groundwater and helps save nutrients from erosion due to the surface water flow. The increasing use of granular biochar in agriculture and the advanced benefits of granular biochar are the important factors driving the growth of granular biochar.
The corn and wheat source biochar segment held the largest share in the global granular biochar market in 2022. Corn and wheat source biochar is derived from corn straw, and corn source biochar is mixed with all alkaline soil at 0%, 2.5%, 5%, and 10% loading levels and exposed to natural elements. Biochar is produced from corn sources in slow pyrolysis of corn straw at 450 degrees with a residence time of 2 hours under limited oxygen conditions. Corn source biochar helps improve the productivity and quality of the crops when applied. These factors led to the dominance of the corn and wheat source biochar segment in 2022.
Some of the players operating in the global granular biochar market include Cyclic Carbon Pty Ltd, Advanced Renewable Technology International Inc, CharGrow USA LLC, Airex Energy Inc, Carbonis GmbH & Co KG, Pyreg GmbH, Oregon Biochar Solutions, Arsta Eco Pvt Ltd, American BioChar Co, and BioChar6.
The List of Companies - Granular Biochar Market
- Cyclic Carbon Pty Ltd
- Advanced Renewable Technology International Inc
- CharGrow USA LLC
- Airex Energy Inc
- Carbonis GmbH & Co KG
- Pyreg GmbH
- Oregon Biochar Solutions
- Arsta Eco Pvt Ltd
- American BioChar Co
- BioChar6
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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.
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