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Granular Biochar Market Size

Report ID: GMI10639
Published Date: Aug 2024
Report Format: PDF

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Granular Biochar Market Size

Granular Biochar Market size achieved USD 77.4 million in 2023 and will grow at 12.5% CAGR from 2024 to 2032, driven by growing environmental concerns and the demand for sustainable agriculture practices. The industry is characterized by rising demand for soil amendments that improve soil health and crop yields. With growing recognition of biochar's benefits in carbon sequestration, water retention, and soil fertility, the business is poised for significant expansion.

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In recent years, there has been a strong push for sustainable agriculture, with biochar becoming recognized for its capacity to improve soil structure, reduce greenhouse gas emissions, and absorb carbon. Governments and international organizations are progressively supporting biochar production with subsidies and research funds, accelerating market expansion.

Several developing trends are influencing the global granular biochar market. First, there is a growing trend of using biochar in water treatment applications. Biochar's high surface area and porosity make it a good adsorbent for extracting pollutants from water, making it an important part of industrial and drinking water treatment systems.

Granular Biochar Market Report Attributes
Report Attribute	Details
Base Year:	2023
Granular Biochar Market Size in 2023:	USD 77.4 Million
Forecast Period:	2024–2032
Forecast Period 2024–2032 CAGR:	12.5%
2024–2032 Value Projection:	USD 222.8 Million
Historical Data for:	2021–2023
No. of Pages:	200
Tables, Charts & Figures:	172
Segments covered:	By Product Type, By Application, By Distribution Channel
Growth Drivers:	Environmental awareness and sustainability initiatives Technological advancements in granular biochar production Agricultural benefits and soil health improvement
Pitfalls & Challenges:	Lack of standardized regulations and quality control High initial costs of production and application

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Several new trends are influencing the market. One noticeable trend is the increased use of biochar in construction materials. Biochar is being added to concrete and other building materials to improve their characteristics and minimize the carbon footprint of construction projects. This increase is consistent with the increasing demand for green building materials and sustainable construction procedures.

Another rising trend is the creation of tailored biochar products for specific uses. For example, specific biochar formulations are being developed for various soil types and crops to maximise their value as soil supplements. Similarly, biochar-based water treatment products are being designed to target specific impurities. According to a 2023 report by the International Biochar Initiative, the use of biochar in construction materials has increased by 15% year-over-year, reflecting the growing commitment to sustainable development.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for granular biochar was valued at USD 77.4 million in 2023 and is anticipated to register 12.5% CAGR between 2024 and 2032, driven by growing environmental concerns and the demand for sustainable agriculture practices.

The soil amendment segment in the granular biochar market was valued at USD 26.2 million in 2023 due to increasing use of biochar for enhancing soil health and reducing fertilizer reliance.

North America market is expected to grow at a 13.4% CAGR through 2032, due to region's advanced agriculture sector and favorable government policies.

Airex Energy, American BioChar Company, ArSta eco, Biochar, Carbonis, CharGrow, Circular Carbon GmbH, Oregon Biochar Solutions, Phoenix Energy, PYREG, and Vedic Orgo LLP.