Biochar Market to be Worth USD 2,097.72 Million by 2032; Growing Adoption of Sustainable Agricultural Practices to Drive Market Expansion

The global biochar market size was valued at USD 763.48 million in 2024. The market growth is projected to grow from USD 859.04 million in 2025 to USD 2,097.72 million by 2032, exhibiting a CAGR of 13.60% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, “Biochar Market Size, Share & Industry Analysis, By Technology (Pyrolysis and Gasification), By Application (Farming, Livestock, Power Generation, and Others), and Regional Forecast, 2025-2032”.

Biochar is a material, such as charcoal, that is produced from plants, including agricultural, grass, and forest residues, which can be decomposed at high temperatures. During the process of producing biochar, the chemical and physical properties of the plant material are converted into a stable, porous, and carbon-rich material.

The COVID-19 pandemic negatively impacted the market expansion. The increased supply chain disruptions during the pandemic caused a halt in different industries globally and impeded market growth.

Standard Biocarbon Raised USD 5 Million to Introduce Biochar Facility in the U.S.

In January 2024, Standard Biocarbon, a carbon removal startup, raised approximately USD 5 million from Nexus Development Capital, a provider of sustainable infrastructure capital, to introduce a biochar production facility in Maine, the U.S. Standard Biocarbon is planning to begin production in early 2024 with an expected production of around 16,000 cubic yards of biochar annually and will also capture around 3,000 tons of carbon.

Growing Adoption of Sustainable Agriculture Practices to Augment Market Growth

The increasing adoption of sustainable agriculture practices across various agriculture activities is projected to boost the biochar market growth. These sustainable practices include a large range of techniques and methods used to meet the demand for food along with a healthy environment and ecosystem. The market is driven by the incorporation of biochar as a sustainable farming method to promote crop yields.

However, the drawbacks, such as loss of land owing to soil compaction, erosion during the application, crop residue removal, contamination risk, and decrease in worm life rates, may hinder market expansion.

Major Market Players are Providing Unique Offerings to Lead the Market

The major market players in the biochar market are Oregon Biochar Solutions, Chargrow, and others. These players are concentrating on providing unique offerings in design, technology, efficiency, portfolio, and more to capture the attention of end-users, further aiding market growth.  

Notable Industry Development

• December 2023 – Carbonfuture partnered with Exomad Green Conception project based in Bolivia and announced an agreement with Microsoft to provide over 32,000 tons carbon dioxide removal credits. The new agreement is a part of the current efforts of Microsoft to reach carbon negativity by 2030 and end all the past emissions by 2050.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/biochar-market-100750

List of the Companies Profiled in the Report:

• Airex Energy (Canada)
• Carbonis GmbH & Co. KG (Germany)
• Carbon Gold Ltd  (U.K.)
• Farm2Energy (India)
• Oregon Biochar Solutions (U.S.)
• CharGrow LLC (U.S.)
• Chardust Ltd (Kenya)
• Safi Organics (Kenya)
• Charline Gmbh (Austria)
• Cookswell Jikos (Kenya)
• Aries Clean Energy (U.S.)

Further Report Findings-

• Asia Pacific held the largest biochar market share. The region’s growth is driven by its potential to improve soil and carbon sequestration.
• North America is the second-leading region in the global market and is projected to grow significantly owing to high meat consumption and the surging demand for organic food.
• Europe is expected to witness steady growth during the forecast period. The region’s growth is attributed to the surging adoption of biochar in the agriculture industry, which is propelled by the rising awareness related to its advantages in water retention improvement, soil fertility improvement, and mitigate climate change via environmental conservation and sustainable agriculture.
• Rest of the World, which comprise Latin America and the Middle East & Africa is expected to increase due to the surging prevalence of the large agricultural landscapes across the regions, such as livestock farming and crop cultivation that generate opportunities for biochar usage.
• The pyrolysis segment is expected to lead the market. The use of this technology to tackle greenhouse gas emissions propels the segment’s growth.
• The farming segment is expected to lead the market as charcoal is used extensively in the agriculture as it helps in enhancing the quality of the soil and reduce agricultural waste and reduce greenhouse gases.

Table of Segmentation: