Biochar Market Size Analysis and Top Companies
The global biochar market size is estimated at to hit around USD 2.741.81 million by 2033 from USD 877.15 million in 2024, with a CAGR of 13.5% from 2024 to 2033. The top companies operating in the biochar market are Airex Energy Inc., Biochar Supreme, Farm2Energy Pvt Ltd, Pacific Biochar Corporation, ProActive Agriculture, Phoenix Energy and Others.
Market Scope
| Report Coverage |
Details |
| Market Size in 2024 |
USD 877.15 Million |
| Market Size by 2034 |
USD 3,111.96 Million |
| Growth Rate from 2024 to 2034 |
CAGR of 13.5% |
| Largest Market |
Asia Pacific |
| Second Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2034 |
| Segments Covered |
By Technology, By Feedstock and By Application |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Biochar Market Companies
- Airex Energy Inc.
- Biochar Supreme
- Farm2Energy Pvt Ltd
- Pacific Biochar Corporation
- ProActive Agriculture
- Phoenix Energy
Recent Developments
- In December 2022, EVOIA announced its first product ‘AmpliFyr’ manufactured from biochar. The product is launched for soybean, corn and wheat. AmpliFyr increases the seedling root by inducing the growth of crops.
- In December 2022, an agricultural technology unit of LG Chem, Farm Hannong, launched a joint project to accelerate the popularization of biochar.
- In December 2022, Crystal Courtney from Cincinnati Parks Division invested $1.1 million in a carbon-negative biochar project. The investment aims to launch a small pilot project for biochar production.
- In December 2022, SWVA Biochar LLC, a Floyd-based biochar company, announced an investment of $2.6 million to expand its business operations by creating multiple job opportunities. The company is focused on producing products that will benefit multiple industries and the environment.
- In December 2022, a company focused on the well-being of people, Malachite Innovations Inc., announced the launch of Terra Preta. Terra Preta is a new business that produces proprietary forms of biochar for agricultural purposes. Biochar products by Terra Preta will promote the growth of the crops.
- In August 2022, a specialized carbon reduction and offsetting company, Invert Inc, published a Verra biochar methodology. The company’s head of carbon forestry, Matt Delaney, contributed to the development of this biochar methodology which states the natural ways to utilize biochar in soil and other applications.
- In May 2022, Carbon Streaming Corporation announced the signing of a strategic agreement with a subsidiary of Restoration Bioproducts LLC. This agreement supports the construction of a biochar production facility in Virginia.
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