Biochar Market Report
Biochar Market by Feedstock (Agricultural Waste, Animal Manure, and Others), Production Method (Pyrolysis, Gasification, and Others), Application (Agriculture, Livestock Feed, Building Materials, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028
Global Biochar Market Analysis
The global biochar market accounted for $353,863.5 thousand in 2020 and is predicted to grow with a CAGR of 16.1%, by generating a revenue of $1,147,715.3 thousand by 2028.
Biochar market is gaining huge popularity owing to its application in agriculture that helps in improving the soil health, fertility, and reduces the emission of greenhouse gases. This is because the molecular structure of biochar shows high degree of microbial and chemical stability. In addition, biochar has highly porous structure that offers refugia for essential soil micro-organisms. Hence, based on the quantity of biochar applied to the soil, the productivity of plants can be enhanced.
Some of the drawback associated with biochar application includes soil compaction during compaction and soil erosion when biochar is applied in excess quantity. This in turn increases the risk of soil contamination that may affect the agricultural productivity.
The versatile characteristics of biochar in reducing carbon emission that creates sustainable ecosystem are estimated to drive the biochar market size. For instance, biochar can contain the carbon in the ground for longer period, resulting in net reduction of carbon dioxide released in the atmosphere. In addition, the biomass used for producing biochar namely wood, crops, manure, and others are cleaner & sustainable alternatives compared to fossil fuels. These factors are anticipated to propel the biochar market share during the forecast period.
According to regional analysis, the North America biochar market accounted for $208,425.6 thousand in 2020 and is predicted to grow with a CAGR of 15.9% in the projected timeframe.
Biochar is charcoal like substance that is rich in carbon and is used as a soil amendment. It is obtained via pyrolysis process in zero or no oxygen environment. Based on the type of feedstock, the properties and benefits of biochar vary. For instance, biochar produced from manure is rich in nutrients compared to the wood-based biochar. In addition, heating the biomass at higher temperatures yields the biochar that has high absorption capacity. This biochar can absorb toxic substances such as mercury. The use of biochar in agriculture reduces the need for chemical fertilizers as biochar retains beneficial soil nutrients for longer period. Also, the massive quantity of manure produced by livestock can be disposed easily by the biochar production process.
COVID-19 Impact on Biochar Market
The global crisis caused by COVID-19 pandemic has disrupted the functioning of various industries. However, biochar market has shown resilience to the pandemic as this is sustainable method and there is no requirement of specific raw materials for biochar production. For instance, biochar is produced from agricultural waste and other biomass. As agricultural activity was included under essential sector during the COVID-19 pandemic, it has not faced any major impact. Also, the biomass required for producing biochar is easily available owing to the relaxation given in the agriculture related activities during the lockdown. In addition, the funding received by the biochar companies is further boosting the biochar market growth. For instance, as stated on October 25, 2021, Standard Biocarbon (SBC), the leading biochar producing company, secured $2000 financing from three Maine, US-based institutions, for purchasing biochar equipment. With this investment, the company will produce high-quality biochar in the form of pure carbon. The three-institutes offering funding to Standard Biochar (SBC) are Coastal Enterprises (CEI), Finance Authority of Maine (FAME), and Maine Technology Institute (MTI).
Role of Biochar in Promoting Food Security, Renewable Energy, and Waste Management to Drive the Market Growth
Biochar has wide range of application that promotes food security. For instance, the highly porous structure of biochar is great habitant for different micro-organisms that increases the bioavailability and creates a reservoir for nutrients and water. Biochar acts as a soil additive that promotes the plant growth and acts as an effective sink for sequestering atmospheric carbon dioxide. The application of biochar reduces the risk of reduced crop yield during the dry season. Biochar reduces the need for chemical fertilizers as the soil nutrients such as nitrogen and phosphorous are retained by the biochar application. Retaining the nitrogen and sulfurs in the soil reduces the emission of harmful carbon dioxide. Biochar inhibits the growth of molds or mildews as well as it binds toxins and prevents their leaching into the surface & ground water. Furthermore, biochar helps in dealing with the climate change, as biochar has the ability to store 50% of carbon from feedstock. Biochar is highly stable that restrains the emission of carbon dioxide from organic decomposition and controls the emission of toxic methane and nitrogen dioxide from the soil.
To know more about global biochar market drivers, get in touch with our analysts here.
Soil Compaction and Risk of Contamination to Restrain the Market Growth
Some research studies have highlighted that the use of biochar in agriculture leads to loss of land due to erosion. In addition, biochar application can lead to soil compaction due to presence of heavy metals such as zinc, chromium, copper, nickel, and others in sewage biochar. These factors are estimated to hamper the biochar market size in the upcoming years.
Use of Biochar in Building Sector to Attract Excellent Growth Opportunities
The application of biochar in building sector is increasing rapidly. This is majorly owing to extremely low thermal conductivity and high-water absorption capacity of biochar. These two properties are important in building construction for insulating the buildings and regulating the humidity. By combining biochar at a ratio of up to 50% with clay, lime, cement, and mortar, the biochar can act as an excellent indoor plaster. These indoor plasters exhibit excellent insulation and breathing properties and help in maintaining the humidity levels at 45%-70% during both summer and winter. Also, the use of biochar for insulation prevents dry air that leads to respiratory disorders and allergies. It also prevents air condensing and dampness on wall that leads to formation of molds on the surface of walls. Thus, the use of biochar plasters improves the working conditions in libraries, warehouses, schools, buildings, and other areas.
To know more about global biochar market opportunities, get in touch with our analysts here.
Source: Research Dive Analysis
The agricultural waste sub-segment is anticipated to have a dominant market share and generate a revenue of $795,990.4 thousand by 2028, growing from $240,148.9 thousand in 2020. The use of agricultural waste as a feedstock in the production of biochar helps in managing the waste that would otherwise enter the landfill causing pollution. The use of agricultural waste for biochar enhances the soil fertility and restores the degraded soil quality. The quality of biochar depends on the raw materials used during the production process. The use of agricultural waste helps in improving the chemical and physical properties of soil by ensuring the availability of nutrients and water which is the important property of biochar.
By Production Method
Source: Research Dive Analysis
The pyrolysis sub-segment is anticipated to have a dominant market share and generate a revenue of $604,285.9 thousand by 2028, growing from $180,811.7 thousand in 2020. Pyrolysis process indicates breaking down of biomass using heat under the temperature range of 250-900 °C. Pyrolysis is a simple and inexpensive technology that can process wide range of feedstocks. It helps in reducing large amount of waste entering landfill and leading to the emission of harmful greenhouse gases. The pyrolysis process for biochar is a thermo-chemical conversion that converts biomass into syngas, bio-oil, and biochar. The heat generated during the pyrolysis process can be reused for other purpose. On the basis of temperature, heating rate, pressure, and residence time, the pyrolysis can be classified as slow and fast pyrolysis which can be used for the production of biochar.
Source: Research Dive Analysis
The agriculture sub-segment is anticipated to have a dominant market share and generate a revenue of $496,764.6 thousand by 2028, growing from $145,527.3 thousand in 2020. Biochar is widely used in the agricultural sector as it acts as a soil conditioner. The addition of biochar to the soil increases the water retention capacity of soil, promotes aeration of soil, and helps in releasing essential nutrients by raising the pH value of soil. You can produce organic carbon-based fertilizers by mixing the organic waste such as wood, ash, slurry, and others with biochar. Addition of biochar to the soil improves the soil texture, density, porosity, and particle size distribution. This in turn promotes the growth rate of crops, reduces nutrient leaching, reduces the acidity of soil, and decreases the need for fertilizers. Also, biochar helps in decontamination of soil by preventing the pesticides from entering into the surface water.
Source: Research Dive Analysis
The Market for Biochar in North America to be the Most Dominant
The North America biochar market accounted $208,425.6 thousand in 2020 and is projected to grow with a CAGR of 15.9%. High concentration of biochar producers especially in the U.S. is driving the North America biochar market size. The government initiatives and stringent regulations regarding emission of harmful gases are estimated to boost the biochar market growth. For instance, as stated in 2018, in the GCB Bioenergy, the platform that focuses on sustainable bioeconomy, the soil degradation and pollution due to agricultural activities have resulted in huge economic losses and climate change. Hence, the U.S. government has recognized the importance of soil health in promoting food security. Hence, the use of biochar that has demonstrated environmental and agronomic benefits and can increase the farmers’ income is gaining huge popularity. Hence, the role of biochar in enhancing the nutrient retention, water availability, and microbial functions is anticipated to drive the North America biochar market during the analysis timeframe.
The Market for Biochar in Asia-Pacific to Show the Fastest Growth
The Asia-Pacific biochar market accounted $41,048.2 thousand in 2020 and is projected to grow with a CAGR of 17.0%. A myriad of applications of biochar ranging from soil amendment to concrete strengthening agent is estimated to drive the Asia-Pacific market share in the upcoming years. In addition, increased crop yield and reduction in carbon emissions with the use of biochar are the major growth driving factors. Countries namely China, Australia, and Japan are actively researching the potential of biochar in various sectors such as agriculture, packaging, building sector, and others. For instance, Worcester Polytechnic Institute, the platform that offers science & engineering information, states that in 2018, Australia had produced around 50,000 tons of biochar. Biochar is widely used as a feed additive for livestock. The agronomic benefits associated with the use of biochar increase livestock production in terms of yield, reduce the use of chemical fertilizers, and increase soil fertility. Similarly, in China, biochar is produced on an industrial scale and there were around 110 biochar producers in China in 2019 that had produced 200,000 tons of biochar.
Competitive Scenario in the Global Biochar Market
Business expansion and investment are common strategies followed by major market players.
Source: Research Dive Analysis
Some of the leading biochar market players are Agri-Tech Producers, LLC, Biochar Supreme, LLC, CharGrow USA LLC, Cool Planet, Earth Systems Pty Ltd., Full Circle Biochar, Pacific Biochar, Benefit Corporation, Pacific Pyrolysis Pty Ltd, Phoenix Energy, and ArSta Eco Pvt Ltd.
Porter’s Five Forces Analysis for the Global Biochar Market:
- Bargaining Power of Suppliers: The bargaining power of suppliers is low as the raw materials required for production of biochar such as manure, agricultural waste including rice, fruit peels, corn, woody biomass, and others are easily available. The cost of these raw materials is low.
Thus, the bargaining power of suppliers is low.
- Bargaining Power of Buyers: The bargaining power of buyers is moderate as the number of buyers are increasing rapidly owing to the benefits offered by biochar and its application in agricultural sector. The purchase quantity of biochar is high due to which buyers can use their bargaining power up to some extent.
Thus, buyer’s bargaining power will be moderate.
- Threat of New Entrants: Large number of biochar producers are entering this market owing to varied applications of biochar and its role in reducing harmful carbon emissions. Also, the investment cost for biochar production is moderate.
Thus, the threat of the new entrants is high.
- Threat of Substitutes: At present, there is no substitute for biochar as biochar is in early stage of development. It is majorly produced in the U.S. and some European countries and its production is increasing rapidly in Asia-Pacific region.
Thus, the threat of substitutes is low.
- Competitive Rivalry in the Market: The companies operating in this market are increasing rapidly as biochar helps in achieving sustainability goals. The new companies entering this market are focusing on increasing their biochar production capacity, reducing the cost, and expanding their business.
Therefore, competitive rivalry in the market is high.
Historical Market Estimations
Base Year for Market Estimation
Forecast Timeline for Market Projection
North America, Europe, Asia-Pacific, LAMEA
Segmentation by Feedstock
Segmentation by Production Method
Segmentation by Application
Key Companies Profiled
Q1. What is the size of the global biochar market?
A. The size of the global biochar market was over $353,863.5 thousand in 2020 and is projected to reach $1,147,715.3 thousand by 2028.
Q2. Which are the major companies in the biochar market?
A. Agri-Tech Producers, LLC, Biochar Supreme, LLC, and CharGrow USA LLC are some of the key players in the global biochar market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What will be the growth rate of the Asia-Pacific biochar market?
A. Asia-Pacific biochar market is anticipated to grow at 17.0% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Business expansion and investment are the two key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. Cool Planet, Earth Systems Pty Ltd., and Full Circle Biochar are the companies investing more on R&D activities for developing new products and technologies.
Q7. Is there a market for biochar?
A. Yes, there is a market for biochar which is evolving rapidly owing to various applications of biochar and its importance in reducing carbon emissions. Biochar finds application across various sectors namely agriculture, filtration, livestock feed, building materials, carbon offsets, and others.
Q8. What is biochar and how is it made?
A. Biochar is fine grained charcoal which is produced by the process of pyrolysis in which the biomass is heated at high temperature in the absence of oxygen. Farmers can avoid burning of agricultural waste and convert it into biochar.
1.2.Real time insights and validation
1.4.Assumptions and forecast parameters
2.3.Production Method trends
3.1.Market segmentation & definitions
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.8.Market value chain analysis
4.Biochar Market, by Feedstock
4.1.1.Market size and forecast, by region, 2020-2028
4.1.2.Comparative market share analysis, 2020 & 2028
4.2.1.Market size and forecast, by region, 2020-2028
4.2.2.Comparative market share analysis, 2020 & 2028
4.3.1.Market size and forecast, by region, 2020-2028
4.3.2.Comparative market share analysis, 2020 & 2028
4.4.1.Market size and forecast, by region, 2020-2028
4.4.2.Comparative market share analysis, 2020 & 2028
5.Biochar Market, by Production Method
5.1.1.Market size and forecast, by region, 2020-2028
5.1.2.Comparative market share analysis, 2020 & 2028
5.2.1.Market size and forecast, by region, 2020-2028
5.2.2.Comparative market share analysis, 2020 & 2028
5.3.1.Market size and forecast, by region, 2020-2028
5.3.2.Comparative market share analysis, 2020 & 2028
6.Biochar Market, by Application
6.1.1.Market size and forecast, by region, 2020-2028
6.1.2.Comparative market share analysis, 2020 & 2028
6.2.1.Market size and forecast, by region, 2020-2028
6.2.2.Comparative market share analysis, 2020 & 2028
6.3.1.Market size and forecast, by region, 2020-2028
6.3.2.Comparative market share analysis, 2020 & 2028
6.4.1.Market size and forecast, by region, 2020-2028
6.4.2.Comparative market share analysis, 2020 & 2028
7.Biochar Market, by Region
7.1.1.Market size and forecast, by Feedstock, 2020-2028
7.1.2.Market size and forecast, by Production Method, 2020-2028
7.1.3.Market size and forecast, by Application, 2020-2028
7.1.4.Market size and forecast, by country, 2020-2028
7.1.5.Comparative market share analysis, 2020 & 2028
18.104.22.168.Market size and forecast, by Feedstock, 2020-2028
22.214.171.124.Market size and forecast, by Production Method, 2020-2028
126.96.36.199.Market size and forecast, by Application, 2020-2028
188.8.131.52.Comparative market share analysis, 2020 & 2028
184.108.40.206.Market size and forecast, by Feedstock, 2020-2028
220.127.116.11.Market size and forecast, by Production Method, 2020-2028
18.104.22.168.Market size and forecast, by Application, 2020-2028
22.214.171.124.Comparative market share analysis, 2020 & 2028
126.96.36.199.Market size and forecast, by Feedstock, 2020-2028
188.8.131.52.Market size and forecast, by Production Method, 2020-2028
184.108.40.206.Market size and forecast, by Application, 2020-2028
220.127.116.11.Comparative market share analysis, 2020 & 2028
7.2.1.Market size and forecast, by Feedstock, 2020-2028
7.2.2.Market size and forecast, by Production Method, 2020-2028
7.2.3.Market size and forecast, by Application, 2020-2028
7.2.4.Market size and forecast, by country, 2020-2028
7.2.5.Comparative market share analysis, 2020 & 2028
18.104.22.168.Market size and forecast, by Feedstock, 2020-2028
22.214.171.124.Market size and forecast, by Production Method, 2020-2028
126.96.36.199.Market size and forecast, by Application, 2020-2028
188.8.131.52.Comparative market share analysis, 2020 & 2028
184.108.40.206.Market size and forecast, by Feedstock, 2020-2028
220.127.116.11.Market size and forecast, by Production Method, 2020-2028
18.104.22.168.Market size and forecast, by Application, 2020-2028
22.214.171.124.Comparative market share analysis, 2020 & 2028
126.96.36.199.Market size and forecast, by Feedstock, 2020-2028
188.8.131.52.Market size and forecast, by Production Method, 2020-2028
184.108.40.206.Market size and forecast, by Application, 2020-2028
220.127.116.11.Comparative market share analysis, 2020 & 2028
18.104.22.168.Market size and forecast, by Feedstock, 2020-2028
22.214.171.124.Market size and forecast, by Production Method, 2020-2028
126.96.36.199.Market size and forecast, by Application, 2020-2028
188.8.131.52.Comparative market share analysis, 2020 & 2028
184.108.40.206.Market size and forecast, by Feedstock, 2020-2028
220.127.116.11.Market size and forecast, by Production Method, 2020-2028
18.104.22.168.Market size and forecast, by Application, 2020-2028
22.214.171.124.Comparative market share analysis, 2020 & 2028
7.2.11.Rest of Europe
126.96.36.199.Market size and forecast, by Feedstock, 2020-2028
188.8.131.52.Market size and forecast, by Production Method, 2020-2028
184.108.40.206.Market size and forecast, by Application, 2020-2028
220.127.116.11.Comparative market share analysis, 2020 & 2028
7.3.1.Market size and forecast, by Feedstock, 2020-2028
7.3.2.Market size and forecast, by Production Method, 2020-2028
7.3.3.Market size and forecast, by Application, 2020-2028
7.3.4.Market size and forecast, by country, 2020-2028
7.3.5.Comparative market share analysis, 2020 & 2028
18.104.22.168.Market size and forecast, by Feedstock, 2020-2028
22.214.171.124.Market size and forecast, by Production Method, 2020-2028
126.96.36.199.Market size and forecast, by Application, 2020-2028
188.8.131.52.Comparative market share analysis, 2020 & 2028
184.108.40.206.Market size and forecast, by Feedstock, 2020-2028
220.127.116.11.Market size and forecast, by Production Method, 2020-2028
18.104.22.168.Market size and forecast, by Application, 2020-2028
22.214.171.124.Comparative market share analysis, 2020 & 2028
126.96.36.199.Market size and forecast, by Feedstock, 2020-2028
188.8.131.52.Market size and forecast, by Production Method, 2020-2028
184.108.40.206.Market size and forecast, by Application, 2020-2028
220.127.116.11.Comparative market share analysis, 2020 & 2028
18.104.22.168.Market size and forecast, by Feedstock, 2020-2028
22.214.171.124.Market size and forecast, by Production Method, 2020-2028
126.96.36.199.Market size and forecast, by Application, 2020-2028
188.8.131.52.Comparative market share analysis, 2020 & 2028
184.108.40.206.Market size and forecast, by Feedstock, 2020-2028
220.127.116.11.Market size and forecast, by Production Method, 2020-2028
18.104.22.168.Market size and forecast, by Application, 2020-2028
22.214.171.124.Comparative market share analysis, 2020 & 2028
7.3.11.Rest of Asia Pacific
126.96.36.199.Market size and forecast, by Feedstock, 2020-2028
188.8.131.52.Market size and forecast, by Production Method, 2020-2028
184.108.40.206.Market size and forecast, by Application, 2020-2028
220.127.116.11.Comparative market share analysis, 2020 & 2028
7.4.1.Market size and forecast, by Feedstock, 2020-2028
7.4.2.Market size and forecast, by Production Method, 2020-2028
7.4.3.Market size and forecast, by Application, 2020-2028
7.4.4.Market size and forecast, by country, 2020-2028
7.4.5.Comparative market share analysis, 2020 & 2028
18.104.22.168.Market size and forecast, by Feedstock, 2020-2028
22.214.171.124.Market size and forecast, by Production Method, 2020-2028
126.96.36.199.Market size and forecast, by Application, 2020-2028
188.8.131.52.Comparative market share analysis, 2020 & 2028
184.108.40.206.Market size and forecast, by Feedstock, 2020-2028
220.127.116.11.Market size and forecast, by Production Method, 2020-2028
18.104.22.168.Market size and forecast, by Application, 2020-2028
22.214.171.124.Comparative market share analysis, 2020 & 2028
126.96.36.199.Market size and forecast, by Feedstock, 2020-2028
188.8.131.52.Market size and forecast, by Production Method, 2020-2028
184.108.40.206.Market size and forecast, by Application, 2020-2028
220.127.116.11.Comparative market share analysis, 2020 & 2028
8.1.Agri-Tech Producers, LLC
8.1.4.Recent strategic moves & developments
8.2.Biochar Supreme, LLC
8.2.4.Recent strategic moves & developments
8.3.CharGrow USA LLC
8.3.4.Recent strategic moves & developments
8.4.4.Recent strategic moves & developments
8.5.Earth Systems Pty Ltd.
8.5.4.Recent strategic moves & developments
8.6.Full Circle Biochar
8.6.4.Recent strategic moves & developments
8.7.Pacific Biochar Benefit Corporation
8.7.4.Recent strategic moves & developments
8.8.Pacific Pyrolysis Pty Ltd
8.8.4.Recent strategic moves & developments
8.9.4.Recent strategic moves & developments
8.10.ArSta Eco Pvt Ltd
8.10.4.Recent strategic moves & developments
The agriculture sector has undergone massive changes and made marvellous developments, especially in the areas of technological developments in the past few decades. However, the natural resources used in farming have been in danger due various reasons. Soil is the most vital source and a house for several nutrients and microflora. Owing to the rapid diminution of agricultural zones and the quality of soil due to the surging population and an excessive use of chemical fertilizers, a renewed attention is required to maintain viable methods in crop production. Over 2,000 years ago in the Brazilian Amazon, the concept of using biochar for soil nutrient retention and enhancement was invented.
Biochar is a solid, carbon-rich material formed by pyrolysis using different biomasses. It has been extensively researched and proved by scientists that the crop development and yield can be amplified by making use of biochar. Currently, the biochar market is attaining enormous popularity due to its several uses in farming activities in enhancing the soil quality, fertility, and also as an ingredient that decreases greenhouse gas emissions.
Growing Applications of Biochar
Biochar functions as an additive in the agriculture soil that supports the growth of the plants. It also decreases the threat of reduced crop harvest at the time of dry season. With the application of biochar into the soil, the soil nutrients like nitrogen and phosphorous are retained, which also evades the necessity of harmful chemical fertilizers. The retention of nitrogen and sulfurs in the soil decreases perilous carbon dioxide emissions.
On the other hand, the usage of biochar in the construction industry is also growing at an accelerated pace. This is mainly due to very low thermal conductivity and high-water absorption ability of biochar. Both these properties are highly imperative in the construction projects for insulating the buildings as well as regulating humidity. The rising applications of biochar in several sectors is boosting the growth of the global biochar market significantly.
Recent Trends in the Global Biochar Market
With time, there have been several developments in the biochar sector. Market players are greatly investing in in-depth research for boosting the efficiency of biochar. As per a report by Research Dive, the global biochar market will collect a revenue of $1,147,715.3 thousand by 2028.
Some of the leading players of the biochar market are Earth Systems Pty Ltd., Agri-Tech Producers, LLC, CharGrow USA LLC, Cool Planet, Full Circle Biochar, Pacific Biochar, Biochar Supreme, LLC, Benefit Corporation, Phoenix Energy, and ArSta Eco Pvt Ltd., Pacific Pyrolysis Pty Ltd, and others. Market players are focused on developing strategies such as partnerships, product development, mergers and acquisitions, and collaborations to achieve a foremost position in the global market. For instance,
- In July 2019, Aries Clean Energy, a renewable energy company, launched the retail sales for its Aries GREEN™ biochar product, which has been certified by the U.S. Department of Agriculture (USDA) Certified Biobased Product label as well as the International Biochar Institute (IBI).
- The foundation of a Solar Dryer & Pyrolysis pilot plant has been set on 23rd April 2021 in Chennai. The plant will soon be launched and deliver a pioneering method for smart cities to convert urban organic waste into energy and biochar.
- In June 2021, SUEZ Group, a global expert in the water and waste sectors, and Airex Energy, a provider of biomass torrefaction systems for the manufacturing of value-added carbonized products such as biochar, activated carbon, and others, have entered into a partnership for industrializing the recovery of biomass residues into biochar, which is vital to the vitality, resilience, and fertility of urban as well as agricultural soils.
Impact of the COVID-19 Pandemic on the Global Biochar Market
The sudden outburst of the coronavirus pandemic has positively impacted the global biochar sector. As the farming activities were counted under the essential sector amidst the pandemic, the agriculture industry has not witnesses any adverse impact on a large scale. As the biomass which is needed in the production of biochar is easily available, the production of biochar has not been impacted during the lockdown. Furthermore, the players in the biochar industry have taken significant initiatives for upholding the production of biochar during the catastrophe. Moreover, as the pandemic situation is relaxing, the agriculture sector is likely to boost its production to cater the growing demand for food products across the world, which is likely to propel the growth of the global biochar industry in the near future.