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Granular Biochar Market Trends

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

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Granular Biochar Market Trends

Over the last decade, the biochar sector has grown from a specialty to a more mainstream market. The sector was initially driven by academic research and small-scale projects but has since seen considerable commercialization and investment. Early applications were primarily for agricultural soil supplements, but the scope has grown dramatically.

Technological improvements have played an important role in this progression. Innovations in pyrolysis and other production technologies have increased biochar production efficiency and scalability. These developments have cut costs and made biochar more accessible for a broader range of uses.

These drivers have had a substantial impact on the growth of the market. The emphasis on environmental sustainability has resulted in growing acceptance in a variety of fields, including agriculture and environmental restoration. Government assistance through subsidies and research money has produced a favorable climate for business expansion.

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.