Global Biochar Fertilizer Market to Surpass US$ 3,714.3 Mn by 2029
The global biochar fertilizer market is projected to reach US$ 3,714.3 Mn by the end of 2029. The market was valued at US$ 954.0 Mn in 2019. It is expected to rise at a CAGR of 14.56% between 2019 and 2029. Adoption of biochar fertilizer and organic farming is expected to increase in response to the rising demand for organic food in foods 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 enhance agriculture production are major driving factors for biochar fertilizer market.
Biochar Fertilizer Market - Key Research Findings
- The biochar fertilizer market will exhibit a CAGR of 14.56% between 2019 and 2029
- By type, the organic fertilizer and inorganic fertilizer are anticipated to cover the maximum share in the market
- By application, gardening and agriculture application are anticipated to cover the maximum share in the market
- Expansion of agricultural sector in organic and compound segments in developing economies and the launch of advanced and organic products and technologies are expected to create growth opportunities for biochar fertilizer market
- North America is anticipated to exhibit considerably high demand for biochar fertilizer during the forecast period. Furthermore, North America is expected to witness extremely high growth owing to presence of large and developing agriculture sector in growing economies
Key Factors Shaping the Biochar Fertilizer Market
- Increasing Use of Biochar Fertilizer in Soil amendment
The effect of using biochar on soil relies on regional conditions including soil type, soil (depleted or healthy), temperature, and humidity. The pyrolysis of biomass residue extracted from agricultural or forest provides biofuel. Biochar is a by-product of pyrolysis that can be used to fertilize farms to improve their fertility and stability. Using biochar fertilizers has resulted in remarkable improvement in tropical soils, improving soil fertility and plant disease resistance.
- Rising Demand from Food Sector Boosts Growth
Due to rapid growth of urbanization, hectic and busy life style and conservative supplementary dietary needs make consumers to shift towards the healthy and organic products. To fulfill all the daily nutrition supplements such as vitamins, minerals consumers are more attracted towards organic food products. This factors makes organic and compound manufacture to produce more organic products that are made from biochar fertilizers. Furthermore, due to growing population of cardiovascular heart diseases, obesity and blood pressure problems the demand for organic food is rising. These are some of the factors that can drive the growth of the biochar fertilizer market.
- COVID-19 Outbreak Raises Concerns for Manufacturers, as they Fight Against Dip in Demand
The outbreak of novel coronavirus has spurred concerns for manufacturers. Restrictions imposed to contain the spread of the virus have created gaps in the biochar fertilizer market. Import and export of raw materials and goods are hampered due to coronavirus. This will negatively affect the biochar fertilizers market as well. Furthermore, consumer spending priority, inventories in gardening and agriculture will also be effected due such outbreaks.
- Some of the leading players are focusing on collaborating with other market players in order to form effective distribution.
- Leading players are likely to engage in acquisitions and partnership to gain competitive strength.
- Some of the leading companies are also focusing on expansion strategies to strengthen their foothold in the market.
- Companies such as Phoenix Energy, Pacific Pyrolysis, 3R ENVIRO Tech Group and Cool Plant Power Systems Inc. are providing pyrolysis technology to solve and manufacturer energy solutions. Through this, they intend to gain competitive advantage.
Base year considered
Actual estimates/Historical data
2015 - 2019
2019 - 2029
Market Value in 2019
Type, Application and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
ECOSUS, Cool Planet, Biochar Supreme, NextChar, Terra Char, Genesis Industries,
Interra Energy, CharGrow, Pacific Biochar, Biochar Now, The Biochar Company (TBC), ElementC6, Vega Biofuels, Carbon Gold, Kina, Swiss Biochar GmbH, BlackCarbon, Carbon Terra, Sonnenerde, Biokol, Verora GmbH, Biochar Products Inc., Diacarbon Energy Inc., Agri-Tech Producers LLC, Green Charcoal International, Vega Biofuels Inc, Full Circle Biochar, Pacific Pyrolysis Pty Ltd.
Manufacturers are Increasingly Adopting Biochar Fertilizers to Cater to Rising Demand for Organic Products
Rising use of organic biochar fertilizers in organic food production and its capacity to improve plant growth is the chief driver of the market. As a raw material, using biochar fertilizer enhances agriculture production and improves soil fertility. Spurred by these factors the market is likely to witness increasing demand. Biochar is a byproduct of charcoal that is produced by heating degradable waste materials such as forest waste, woods waste, agricultural waste and animal manner. But for all the end uses, soil alteration amendment is commonly used to minimize toxins and toxic substances, and to prevent the run-off of moisture, soil leeching and fertilizer.
Because of environmental consciousness, coherent policies and lower cost of waste management raw materials, biochar fertilizers market will have a conducive environment for growth in the coming years. In terms of application, the agriculture sector is expected to keep exhibiting high demand. Besides this, the use of biochar fertilizer for gardening will remain considerably high through the forecast period.
North America Is Expected To Dominate the Biochar Fertilizer Market
During the forecast period North America is expected to dominate the global demand for biochar fertilizer market. Rising demand for organic food will support the expansion of biochar fertilizers market in North America. Furthermore, awareness of biochar products is very high in North America compared to other regions. With consumers increasingly inclining towards food products with higher nutritional values biochar fertilizers are likely to be in high demand in the near future.
Large and small scale manufacturers have contributed significantly to the growth of the market at international and domestic level. China is the world's third-largest producer of organic foods. The use of genetically modified crops has impacted soil and crop production in the country's agricultural fields. Biochar amalgamation in farming led by several country-wide research initiatives is expected to increase product recognition and improve consumption. Promising markets such as India and China hold great potential in partnership with other Asian countries in Biochar fertilizer market.
* This data is only a representation. Actual data may vary and will be available in report.
Rising Usage of Biochar in Agricultural, Textile Industry and As Water Treatment Facility Driving Growth
Other than agricultural sectors, no other industry has discovered the full potential of biochar fertilizer. Biochar can be used as a fabric substitute in the textile industry, as raw materials in building construction and as a safety shield against electromagnetic radiation in the electronic industry. Increasing demand from the food sector is expected to be a very important factor in boosting the growth of the biochar market. Biochar is expected to be used as one of the significant applications in water treatment processes in the developing economies in the near future. In addition, biochar utilizing crop residue and biogas is expected to complement the demand over forecast period. The EU Commission and the U.S. Environmental protection agency are the regulatory authorities regulating the market over agricultural production and waste management.
Inorganic fertilizer segment held the leading market share
Organic Fertilizer segment forecast to higher rate of growth
Gardening holds dominance
Agricultural segment to rise at a higher CAGR
How Growth will Unfold
Due to increased awareness of various biochar products, the farming community has taken more interest in and benefits from biochar fertilizer products. Thus, low feed costs for livestock are expected to increase consumption in this agricultural sector. In addition, changing in dietary need and change in consumption of food habits, increasing demand for biochar such as in organic products in food sector, and rising understanding of nutritional benefits of organic food consumption and high inorganic fertilizer use in gardening and agricultural products worldwide are some other factors that are expected to drive the growth.
Furthermore, the growth of the food and beverage industries globally, the improvement in living standards, the introduction of new technologies and nutritious products, consumer preferences and implementation of stringent guidelines on the use of inorganic ingredients will support the growth of the market. Biochar when as a water retention product or sustainable water management and ecological farming improves the rate of plant growth and minimizes the water usage in agriculture. This factor also drives the market. In the coming years the market is expected to witness increasing demand across all its categories, including organic fertilizer, inorganic fertilizer, and compound fertilizer.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Biochar Fertilizer Market: Global Industry Analysis 2014-2018& Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the Biochar Fertilizer market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Biochar Fertilizer Market, the growth prospects of the market are obtained with maximum precision.
Biochar Fertilizer Market Taxonomy
The global Biochar Fertilizer Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Animal Feed
- Fish farming
- Others(water management, animal husbandry)
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Biochar Fertilizer Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Biochar Fertilizer Market.
Readers can find the detailed segmentation and definition of the Biochar Fertilizer Market in this chapter, which will help them understand basic information about the Biochar Fertilizer Market. This section also highlights the inclusions and exclusions, which help the reader, understand the scope of the Biochar Fertilizer Market report.
The associated industry assessment of the Biochar Fertilizer Market is carried out in this section. The macroeconomic factors affecting growth of the Biochar Fertilizer market are provided in this section and the impact of these macroeconomic indicators on the Biochar Fertilizer market is analyzed. The processing overview and technological advancements in the Biochar Fertilizer market is also provided.
Profit margins at each level of the Biochar Fertilizer market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Biochar Fertilizer market.
The drivers and restraints impacting the growth of the Biochar Fertilizer market are explained in this chapter. Opportunities and ongoing trends in the Biochar Fertilizer market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Biochar Fertilizer market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on product type, the Biochar Fertilizer market is segmented into Organic, Inorganic and Compound. In this chapter, readers can find information about key trends and developments in the Biochar Fertilizer market and market attractiveness analysis based on product type.
Based on Application, the Biochar Fertilizer market is classified into Animal Feed, Agriculture, Fish Farming and others. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Biochar Fertilizer market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Biochar Fertilizer market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Biochar Fertilizer market in Latin America. This chapter also includes growth prospects of the Biochar Fertilizer market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Biochar Fertilizer market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the Biochar Fertilizer market in the East Asia region, along with a country-wise assessment that includes Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Biochar Fertilizer market.
This chapter offers insights into how the Biochar Fertilizer market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Biochar Fertilizer in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Biochar Fertilizer market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Biochar Fertilizer market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Biogrow Limited, GreenBack, Biochar Farms, ArSta Eco Pvt Ltd, Global Harvest Organics, Carbon Fertilizer,3R-BioPhosphate Ltd., Kingeta Group Co., Ltd., Adsorb.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Biochar Fertilizer report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Biochar Fertilizer market.
How the research was conducted?
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