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Granular Biochar Market is expected to reach US$ 172,103.82 thousand by 2030

The granular biochar market size is expected to cross US$ 172,103.82 thousand by 2030 | Study covers trends, regional share and growth insights

By The Insight Partners

Asia Pacific Dominated Granular Biochar Market in 2022

According to our latest market study on “Granular Biochar Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Product Type and Application,” the granular biochar market size was valued at US$ 68,789.87 thousand in 2022 and is projected to reach US$ 172,103.82 thousand by 2030; it is anticipated to record a CAGR of 12.1% from 2022 to 2030. The report highlights key factors driving the granular biochar market growth and prominent players along with their developments in the market.

In 2022, Asia Pacific dominated the granular biochar market. The granular biochar market growth in Asia Pacific is attributed 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. As a result, there is more scope for research into granular biochar's potential to enhance lives in the Asia Pacific. Agricultural productivity in Thailand is endangered by demographic pressure in urbanization. Using granular biochar is a promising strategy for increasing soil fertility and water retention in Thailand's sandy soil for agricultural regions.

Global Granular Biochar Market Breakdown – by Region

To get sample Copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00029573

In countries such as Vietnam, much of the soil on farmed land is prone to degeneration, which results in poor agricultural growth. In Vietnam, the Biochar for Sustainable Soil (B4SS) initiative is working on projects to promote the granular biochar market. Australia is a leader in the field of granular biochar. 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 the Asia Pacific.

China ranks at top among all the countries in the granular biochar market share. The Chinese government has been actively promoting the use of biochar through policies aimed at supporting organic farming, enhancing soil quality, and reducing greenhouse gas emissions. Additionally, initiatives such as the National Soil Pollution Control Plan and the Healthy Soil Action Plan emphasize the importance of soil remediation and sustainable land management practices, further driving demand for granular biochar. According to the Food and Agriculture Organization of the United Nations, China produces one-fourth of the world's grain, with only 8% of the planet's cultivable land. The land is widely used for agriculture; however, only 10 to 12% of the land in the country is suitable for agriculture, and granular biochar is used to make the land fertile, as it maintains the acidity levels, water holding capacity, and nutrient value of soil. China has 545,961 sq. km. of irrigated land, which would create opportunities for the granular biochar market.

China's rapid industrialization has led to increased biomass availability, providing abundant feedstock for biochar production. This, coupled with advancements in pyrolysis technology and increasing investment in biochar research and development, is fueling market growth. Collaborations between government agencies, research institutions, and industry players are also facilitating technology transfer and knowledge exchange, contributing to market expansion. India has also registered an increase in demand for granular biochar due to the growing agriculture industry. Agriculture is a cornerstone of the Indian economy, and a majority of the population depends on it for their livelihoods. There is a growing recognition of the potential of granular biochar to improve soil fertility, water retention, and crop productivity while mitigating climate change impacts. Government schemes such as the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) and the National Mission for Sustainable Agriculture (NMSA) emphasize the importance of soil health and water conservation, creating a conducive environment for the adoption of biochar as a soil amendment.

Initiatives such as the Swachh Bharat Mission and the National Clean Air Program highlight the role of biochar in mitigating air and water pollution by converting agricultural residues into a valuable resource. Rising agricultural emissions have fueled the need for high-quality agricultural products that emit little or no pollution. The Government of India has launched programs to educate farmers about the various benefits of applying granular biochar in agriculture. Furthermore, various regulatory authorities and councils have been informed to support and encourage good businesses related to the industry. Further, the Society of Biochar Initiatives works to highlight and support biochar projects and organizations in India. Thus, the rising initiatives from the government are facilitating the expansion of the granular biochar market share.

The granular biochar market trends include the use of granular biochar in water and wastewater treatment. Water and wastewater treatment is one of the emerging application sectors of granular biochar. Due to the properties of large surface area and pore volume, rich organic carbon content, and diverse functional groups, biochar displays a prominent sorption ability for inorganic and organic contaminants in aqueous solutions. Granular biochar is becoming a new approach for removing various contaminants from industrial wastewater for heavy metals and organic compounds. The biochar has a good adsorption effect on typical pollutants of livestock wastewater, such as organic pollutants, heavy metals, and nutrients. The availability of quality water is decreasing, which is a crucial problem affecting all continents. Water scarcity is being faced across the globe. Hence, many governments are focusing on waste and wastewater treatment activities. With this, the use of granular biochar in water and wastewater treatment is increasing, fueling market growth during the forecast period. Furthermore, in anticipation of stricter regulatory standards governing water quality, industries are increasingly turning to granular biochar as a proactive measure to meet and exceed these requirements. This trend underscores the pivotal role that granular biochar is playing in addressing the evolving challenges within the water and wastewater treatment sector, positioning itself as a key player in the quest for more sustainable and effective water treatment technologies. The demand for granular biochar from the water treatment industry is among the major factors contributing to the growing granular biochar market size.

The granular biochar market analysis is carried out by identifying and evaluating key players in the market across different regions. 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 among the key players profiled in the granular biochar market report.

The granular biochar market has been segmented based on:

Based on 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. The scope of the granular biochar market report focuses North America (the US, Canada, and Mexico), Europe (Germany, France, the UK, Italy, Russia, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

 

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