Biochar Market Size, Trends, Forecast, Industry Growth | Valuates Reports

Biochar Market Overview 2027

In 2020, the global Biochar market size was US$ 406.5 million and it is expected to reach US$ 885.2 million by the end of 2027, with a CAGR of 11.8% during 2021-2027. Biochar is an evolving industry and is anticipated to become a major influencing factor in increased crop yield and productivity of the agriculture sector. It improves soil fertility and provides necessary nutrition to crop. Moreover, applications in energy production and greenhouse gas remediation are expected to provide new revenue opportunities to the sector.

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Biochar Market Trends

Biochar helps improve the overall fertility of the soil naturally. This feature is in turn expected to drive the growth of biochar market. Biochar promotes soil fertility in two ways: by providing nutrients to the soil (such as K, to a lesser extent P, and a variety of micronutrients) and by retaining nutrients from other sources, including nutrients from the soil itself. The greatest benefit, however, is that nutrients from other sources are retained.

Biochar has a net positive effect on crop growth when combined with nutrients from other sources, such as inorganic or organic fertilisers, in most circumstances. Because biochar absorbs and slowly releases fertilisers, it increases the availability of C, N, Ca, Mg, K, and P to plants. It also helps to avoid fertiliser discharge and leaching by minimising agricultural pollution in the surrounding environment and allowing for less fertiliser use. Furthermore, expanding agriculture sector is expected to further boost the biochar market. Biochar is in high demand in the agriculture industry, thanks to a growing desire for natural and organic food items, as well as a growing need to improve soil fertility and crop development.

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Biochar Market Share

Based on region, North America is expected to be the most lucrative region due to demand for organic food. When compared to other regions, this one has a high level of biochar awareness, and the farming community is more knowledgeable about the product and its benefits. The major producers of the industry are Carbon Gold, The Biochar Company (TBC) and Biochar Supreme, whose revenues accounted for 6.56%, 4.30% and 2.51% respectively in 2019. By region, North America has the highest share of income, at more than 54%.

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