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Report Highlights
The global market for biochar is estimated to increase from $219.6 million in 2023 to reach $389.3 million by 2028, at a compound annual growth rate (CAGR) of 12.1% from 2023 through 2028.
Report Includes
- 38 data tables and 18 additional tables
- Detailed overview and an up-to-date analysis of the global markets for biochar technology
- Analyses of the global market trends, with market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- Understanding of the upcoming potential for biochar market, and areas of focus to forecast this market into various segments and sub-segments
- Estimation of the actual market size and revenue forecast for global biochar market in USD million values, and corresponding market share analysis based on technology, application, and region
- In-depth information (facts and figures) concerning the major factors influencing the progress of this market (benefits, and industry-specific challenges) with respect to specific growth trends, upcoming technologies, regulations, prospects, and contributions to the biochar industry
- Review of the emerging trends and technologies, new products and technologies in developments in the global biochar market over the analysis period
- Discussion of the importance of ESG (Environmental, social, and governance) in the biochar market, consumer attitudes, ESG perspectives and impacts, and ESG followed practices by biochar companies
- Identification of the major stakeholders and analysis of the company competitive landscape based on their recent developments, operational integration, and segmental revenues
- Detailed company profiles of the leading market players, including Airex Energy, Biochar Supreme LLC, Carbon Gold Ltd., Rainbow Bee Eater Pty Ltd., and Swiss Biochar GmbH
Report Scope
The report provides an overview of the global market for biochar and analyzes various market trends. The base year considered for analysis is 2022, while the market estimates and forecasts are given from 2023 to 2028. The market estimates are provided in terms of revenue, USD millions. Revenue forecasts for this period are segmented based on technology, application, region, and country.
Technologies looked at in the report are segmented into pyrolysis, gasification and others. Applications are agriculture, which contains both animal feed and soil amendment, and others. The others category of applications includes oil & gas, building and construction, water filtration and textiles.
Research shows that a significant part of the market is still unorganized in nature, including unincorporated private enterprises owned by individuals or households. The trend of relying on do-it-yourself (DIY) techniques was found to be quite popular on small-scale farms. Thus, the study focuses on the organized section of the market.
The market size only entails revenue generated from annual sales of biochar; it excludes the cost of services, as well as equipment.
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||
| Forecast period considered | 2023-2028 | ||||||||||
| Base year market size | $192.1 million | ||||||||||
| Market size forecast | $389.3 million | ||||||||||
| Growth rate | CAGR of 12.1% from 2023 to 2028 | ||||||||||
| Units considered | $ Millions | ||||||||||
| Segments covered | By Technology, Application, and Region | ||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World | ||||||||||
| Countries covered | U.S., Canada, China, Japan, Australia, Germany, and Nordic countries | ||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Rising pressure to transition towards low-carbon economies and business models.
- Rising prominence of biochar demand in organic farming.
- Increasing demand for quality carbon credits is driving biochar market.
- Technology a. Pyrolysis b. Gasification c. Others
- Application a. Agriculture b. Other Applications
- Region & Country a. North America b. Europe c. Asia-Pacific d. Rest of the World
- Biochar Supreme, LLC
- Swiss Biochar GmbH
- Airex Energy
Analyst Credentials
Yukti Chaturvedi– Associate Consultant-Advanced Materials Research
Yukti Chaturvedi has over five years of experience in market research. She has a strong knowledge of plastics, chemicals, consumer goods, and advanced materials research. She has handled end-to-end business by providing strategic recommendations and understanding clients’ requirements thoroughly in the market research industry. She demonstrated excellence in working effectively in critical areas − competitor intelligence, product intelligence, market understanding, industry trend analysis, and customer insights. Academically, she is an MBA graduate in International Business.
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