Granular Biochar Market is Projected to Reach $134.54 Million by 2028- Exclusive Report by The Insight Partners

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Granular Biochar Market is growing at a CAGR of 11.8% from 2022 to 2028

Pune, India, Nov. 03, 2023 (GLOBE NEWSWIRE) — According to our new research study on “Granular Biochar Market to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Wood Source Biochar, Corn and Wheat Source Biochar, and Others), Application (Soil Conditioner, Fertilizer, and Others), and Geography,” the granular biochar market is expected to grow from US$ 68.79 million 2022 to US$ 134.54 million by 2028; it is estimated to grow at a CAGR of 11.8% from 2022 to 2028. Growing use of biochar for livestock feed and increasing government policies for environmental protection are propelling the demand for granular biochar globally.

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Granular Biochar Market: Competition Landscape

CharGrow USA LLC, Green Man Char, Oregon Biochar Solutions, Pyreg GmbH, Carbonis GmbH & Co. Kg., Airex Energie Inc., BioChar6, American Biochar Company, Asta Eco Pvt. Ltd., and Advanced Renewable Technology International are among the key players operating in the granular biochar market. Leading market players adopt various business strategies, such as mergers and acquisitions, to expand their worldwide geographical presence and consumer base. For instance, in 2021, Airex Energy and SUEZ Group teamed up to improve the capacity of production from the biomass leftovers, expecting an increase in the capacity from 10,000 to 30,000 tonnes per year.

Granular Biochar Market Report Scope, Segmentations, Regional & Country Scope:

Report Coverage

Details

Market Size Value in

US$ 68.79 Million in 2022

Market Size Value by

US$ 134.54 Million by 2028

Growth rate

CAGR of 11.8% from 2022 to 2028

Forecast Period

2022-2028

Base Year

2022

No. of Pages

164

No. of Tables

88

No. of Charts & Figures

97

Historical data available

Yes

Segments covered

Product Type, and Application

Regional scope

North America; Europe; Asia Pacific; Lain America; MEA

Country scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Oman, Russia, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

In 2021, Asia Pacific dominated the global granular biochar market. Increasing agricultural activities and rising demand for different types of agricultural products resulted in the growth of the market. Moreover, in Asia Pacific, the demand for soil fertility improvement products, and the increasing need for maintaining acidity levels in crops is increasing the consumption of granular biochar in Asia Pacific, especially in Australia, China, India, and Japan.