The global biochar market reached a valuation of US$ 8 Mn in 2020, which amounts to around 0.23% share of the overall charcoal market. Sales of biochar are slated to rise at a CAGR of 11% to top US$ 23 Mn by 2031. Demand for pyrolysis technology in biochar is set to increase at a CAGR of 10% across the assessment period of 2021 to 2031.
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Key Segments Covered in Biochar Industry Research
- Hydrothermal Carbonization
- Woody Biomass
- Agricultural Waste
- Animal Manure
- Biochar for Agriculture
- Biochar for Animal Farming
- Biochar for Electricity Generation
Several biochar suppliers are currently leading the way and continue to dedicate their strategies to the innovation of competitively priced as well as energy-efficiency variants.
As low-emission, low-cost biochar products have been recently capturing the attention of participants in the market, it is highly likely that companies will remain adhered to advanced production techniques for a variety of economical substitutes for activated carbon applications.
Industry stakeholders are also eyeing gains out of the biochar application in limiting compost greenhouse gas (GHG) emissions and odors, and hydrogen sulfide sorption in wastewater treatment.