The global biochar fertilizer market size is projected to reach around US$ 3,714.3 Mn by the end of 2030. The market was valued at US$ 953.0 Mn in 2020. Adoption of biochar fertilizer and organic farming is expected to increase in response to the rising demand for organic food and expansion of the agro industry. Furthermore, health awareness and rising disposable income of consumers will enable growth in the market in the coming years. Biochar fertilizers improve soil fertility and as a raw material it enhances agriculture production leading to increasing demand for biochar fertilizer market.
The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2030 The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
Increasing the consumption of products in producing organic food and its ability to enhance soil fertility and plant growth is expected to be the key growth driver.
Biochar is charcoal derived by controlled heating of waste materials, such as agricultural waste, wood waste, forest waste, and animal manure. Among all the end uses, it is widely used in a soil amendment to reduce pollutants and toxic elements and to prevent reducing moisture level, soil leaching, and fertilizer runoff. Environmental awareness, cheaper cost of raw material, and cohesive government policies for waste management are anticipated to create greater avenues for market expansion.
The industry comprises the organized and unorganized sector owing to the presence of very few large scale manufacturers and a growing number of small and medium-scale manufacturers, especially in North America and Europe. The Asia Pacific and the Middle East countries are expected to grow at a slower rate with a lack of awareness regarding product benefits and its long-term advantages. Manufacturing of high-quality biochar requires heavy capital investment. As a result of it, several companies have exited in the market place in the past few years.
In rural areas of countries such as China, Japan, Brazil, and Mexico, a large amount of this product is produced in collaboration with research groups and institutions. The number of organized players in the industry manufacturing high-quality products is expected to increase with the growing demand for organic food.
The full potential of biochar is yet to realize in other sectors than the agricultural sector. It is used as a fabric additive in the textile industry, as a raw material in the manufacturing of building materials and as a shield against electromagnetic radiation in the electronics industry. Growing demand from the food sector is expected to be an extremely important factor in boosting the biochar market growth.
The use of biochar in the water treatment process is anticipated to be another important application in near future supported by rising demand for water treatment facilities, especially in emerging economies. Moreover, the production of biochar using biogas and crop residue is expected to complement market growth over the forecast period.
The raw materials required for the manufacturing of the product are wood waste, forest waste, agricultural waste, and animal manure. These are mainly procured from suppliers of the wood and forest-based product sector. Companies such as Georgia-Pacific, Weyerhaeuser, and West Fraser are the few among major suppliers of wood pellets and residue to various manufacturers.
The EU Commission and the U.S. (Environmental Protection Agency) EPA are the regulatory authorities governing the market. It has made regulations related to the use of products in agricultural production and waste management. Several new rules have been released by the U.S. EPA regarding production and by the EU commission regarding production and consumption of the product. As the product is still into the preliminary stage, there are huge opportunities for the development of blended products to grow in the future.
Among various manufacturing technologies available, pyrolysis is the most efficient production process. It is expected to expand at a CAGR of 13.8% in terms of revenue over the forecast period owing to the high end-product yield of high carbon content and stability of a process.
The growing need for electricity generation has displayed a moderate rise in the use of gasification technology. Since the process does not yield stable biochar that can be used in agricultural applications, it is expected to lose its market share over the forecast period. Other manufacturing processes such as hydrothermal carbonization, acid hydrolysis, and cooking stove are used by small producers to gain high profit. The Asia Pacific has witnessed strong growth in the use of such processes owing to the rising number of small scale producers.
In 2019, the agriculture application segment accounted for 73% of the total biochar demand. Biochar helps to enhance water and fertilizer holding capacity and improve soil’s biological productivity, which helps in providing crop nutrition and accelerating growth. However, a large number of farmers still lack knowledge about the product and its benefits.
In agricultural applications, general farming is a major segment that is expected to rise substantially and augment the demand of the overall market owing to increasing awareness among farmers by research groups and institutes.
Livestock farming contributes to a large proportion of the overall consumption in agricultural applications. The ability of the product to provide essential nutrients and maintain the health of livestock has increased its consumption in livestock farming, including poultry farming, cattle farming, and meat production. Growing government support for organic farming is expected to create huge potential in forthcoming years.
Other major applications including water and waste treatment have witnessed rising demand in emerging economies, such as China and India, along with a growing need for advanced water infrastructure and hygiene awareness.
In organic farming, factors such as growing demand for organic food, health consciousness, and increasing consumer spending capacity are complementing this sector to grow exponentially over the coming years. Whereas, conventional farming is still used in several rural areas as it provides more yield. The use of biochar into mixed farming, zero tillage farming, and biodynamic agriculture would witness strong growth with supportive initiatives taken by the government and private institutions.
North America has been the highest consumer of the product and it is expected to witness significant growth with increasing demand for organic food and high consumption of meat. Awareness about biochar is very high in this region as compared to others, and the farming community has more knowledge about the product and its benefits. Moreover, low feed costs for livestock are expected to expand the consumption in this sector.
The U.S. has been generating the highest revenue in the world as a result of huge awareness about the product in the country. Numerous small and large scale manufacturers operating at domestic and international levels have contributed to the growth of the sector. Despite several companies exiting from the industry owing to lack of capital and expected growth, the overall growth prospects will be highly positive over the upcoming period.
The Asia Pacific is expected to witness extremely high growth owing to the presence of large and developing agriculture sector in growing economies, such as China and India. Various R&D activities and government initiatives are expected to contribute to spreading awareness about biochar and its benefits among the farming community and would result in increased demand.
China is the third-largest organic food-producing country in the world. The use of genetically modified crops has affected the soil and crop productivity in the agriculture fields of the country. An amalgamation of biochar in farming led by several research initiatives in the country is expected to increase awareness about the product and propel the consumption.
Others(water management, animal husbandry)
The Biochar Fertilizer market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Biochar Fertilizer market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Biochar Fertilizer market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Biochar Fertilizer market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Biochar Fertilizer market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Biochar Fertilizer capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Biochar Fertilizer by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Biochar Fertilizer market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Biochar Fertilizer market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Biochar Fertilizer market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Biochar Fertilizer industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Biochar Fertilizer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Biochar Fertilizer market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Biochar Fertilizer market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Biochar Fertilizer market. These factors have benefited the growth of the global market for Biochar Fertilizer. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Biochar Fertilizer. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Biochar Fertilizer are as follows:
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- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are: