Global Biochar Market Revenue is Estimated to Reach $389 Million in 2023

Biochar is a carbonized substance generated by the pyrolysis of biomass (such as wood, crop waste, etc.) in a high-temperature and anaerobic environment. It has the characteristics of porosity, high specific surface area, and high reactivity, so it has broad application prospects in fields such as agriculture, environment, and energy.

Segmented Market Analysis

According to different sources, biochar can be divided into types such as forestry waste biochar, residential waste biochar, agricultural waste biochar, and animal manure biochar. Among them, forestry waste biochar and agricultural waste biochar dominate the market. According to our research data, the global production of forestry waste biochar and agricultural waste biochar is estimated to be 88.73k tons and 83.41k tons respectively in 2023, accounting for 29.48% and 27.72% of the production, respectively.

From the development situation in various regions, North America is the world's largest production market for biochar. Data shows that in 2023, the estimated North American biochar production is 149.85k tons, accounting for 49.80% of the global total production; Europe is the second largest production market, with an estimated biochar production of 71.89k tons in 2023, accounting for an estimated 23.89% of the production. In addition, at the national level, the biochar market of Asian countries such as China and Japan also holds a relatively important position globally.

Biochar Production and Proportion Forecast by Type and Region in 2023

 

Production (K Tons)

Proportion

Segmented by Type

Forestry Waste

88.73

29.48%

Residential Waste

15.67

5.21%

Agriculture Waste

83.41

27.72%

Animal Manure

55.11

18.31%

Others

58.02

19.28%

Segmented by Region

North America

149.85

49.80%

Europe

71.89

23.89%

China

33.64

11.18%

Japan

9.49

3.15%

Others

36.06

11.98%

Source: www.globalmarketmonitor.com

Overview of Market Development and Analysis of Competitive Landscape
Biochar, as a multifunctional material, has important application value in improving soil quality, mitigating climate change, and controlling environmental pollution. In recent years, driven by the increasing demand for environmentally friendly products and technologies in the market, government policy support, and increased consumer awareness of sustainable lifestyles, the global biochar market has been growing at an astonishing rate. Data shows that the total revenue of the global biochar market is estimated to be $389 million in 2023 and may increase to $523 million by 2025.
From the perspective of market competition, the global biochar market is extremely fragmented. The data shows that in 2020, the total production of biochar by the top 3 companies in the industry was 13.46k tons, accounting for 6.95% of the global total production; The total market revenue is $14.8 million, with a total revenue share of only 5.98%. The top three companies were Aries Clean Energy, Airex Energy, and 3R BioPhosphate Ltd. In 2020, these three companies accounted for 2.63%, 1.74%, and 1.62% of the global biochar market revenue, respectively.
Global Biochar Market Revenue Forecast and Competition Pattern Analysis  

Global Biochar Market Revenue Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "China Biochar Industry Market Research Report 2023-2029".

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