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.