Wood Source Biochar Market Size, Share By Wood Source (Softwood Biochar, Hardwood Biochar, Fruitwood Biochar), By Form (Granular Biochar, Powdered Biochar), By Application (Agriculture, Environmental Remediation, Industrial Applications, Others), and By Region - Trends, Analysis, and Forecast till 2034

Report Code: PMI551624 | Publish Date: July 2024 | No. of Pages: 174

Wood Source Biochar Market Overview

Wood Source Biochar Market Size was valued at USD 104 Billion in 2024 and is expected to reach USD 280.1 Billion by 2034, growing at a CAGR of 11.5%

Wood Source Biochar, or wood waste, is a porous carbon material obtained through wood burning in complete or partial absence of oxygen. It is that black, porous carbon material derived from burning plant materials such as grass, agricultural, and forest residues, usually at a high temperature during renewable energy production. During the process, plant material's physical and chemical properties are converted into a highly porous, stable, carbon-rich material known as biochar. Current research shows that it can be used as a soil conditioner and container substrate amendment in agriculture and horticulture, and it has the potential to improve the physical, chemical, and biological properties of several soils and substrates. It is commonly made by insulating chunks of burning wood with ash, soil, or a lid, thereby starving the coals of oxygen. This remnant of fire, in most cases, constitutes a beneficial soil additive for farming and gardening, as well as for the general health of the forest. When incorporated into soils, biochar increases carbon content and can rebalance the pH shifts in soils. High-carbon-content soil has plenty of life, is full of nutrients, requires less fertilizer, and produces healthier food. More efficient water absorption and retention, helped by the rich carbon content in the soil, help farmers reduce the impacts of floods and drought. Biochar has the added advantage of restoring land damaged by fire or human activity. Biochar can easily be manufactured in any well-constructed slash pile and applied on-site to restore soil organic matter. Biochar has increased vegetation growth by nearly a month, reducing the risk of fires where this has been done. Biochar likely enhances water-holding ability, diminishing water and nutrient leaching.

Such improvements in fertilizer use efficiency can reduce fertilizer costs and requirements for enforcement of water-quality regulations about nonpoint source pollution, maintaining many advantages to growers while improving sustainability. In addition to promoting water retention, which can reduce irrigation demands and facilitate the expansion of production using limited water resources, biochar can potentially reduce nutrient losses through leaching. The above benefits interact when combined with changing the root-zone habitat for plants and the surrounding microbial community, which in most cases yields greater microbial abundance and activity and can also increase crop yields. Although some studies report that biochar improves plant growth, some report no effect or a negative effect of biochar on plant growth. Not all biochar looks or behaves the same; different types of biochar produced from various feedstocks are shown below. Any potential for beneficial use of biochar relies on its chemical and physical properties, which depend upon how it's made—both in terms of production conditions and type of plant used as the feedstock—and the crop and cropping system to which the biochar is applied. The differences in the production processes and plant species used lead to a divergent variety in such biochar products' physical and chemical properties.

Even with the same production method, there may be differences in chemical properties for biochar made from different plants. Biochar pH greatly depends on the initial plant species and temperature at production and can vary from 4.6 up to 9.3. In general, the biochar pH increases with increasing temperature in output. The total mineral nutrient concentration is higher in biochar than in the initial plant material; therefore, considering its high CEC and initial concentration of the nutrient, biochar can enhance both the content and availability of nutrients in the soil or substrate.

Wood Source Biochar Market Share

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Wood Source Biochar Market Dynamics

Key Drivers of Target Market:

Increased demands for sustainable farming techniques:

  • Consumer demand for organic food and sustainable agriculture is on the rise. Biochar presents a natural solution to enhancing both soil health and fertility, consequently reducing synthetic fertilizers and pesticides. This trend is very strong, particularly in North America and Europe's developed regions but is gaining gainful ground in Asia Pacific and Latin America. Another factor is rising concerns about food safety and the environment from conventional agriculture, further driving demand for sustainable solutions like biochar.

Growing Awareness of Biochar's Benefits:

  • Research and educational activities raise awareness of the practical benefits brought along by biochar. For farmers, these range from increased crop yields and enhanced water-holding capacity to better structures for the soil. Other environmental benefits associated with biochar are linked to its agronomic potentials, which likewise range from carbon sequestration to reduced emissions of greenhouse gases. In precise meaning, it implies that improving soil health can make it more resistant to flood and drought, thus benefiting farmers in times of climatic change.

Restrains:

High Upfront Costs:

  • Setting up biochar production facilities requires huge capital investment. There are upsetting costs connected with pyrolysis units and transportation and processing of feedstock to the producer, specifically small-scale farmers. This is very true considering advanced pyrolysis units that might regulate the creation temperature, resulting in specified biochar properties. Moreover, easily accessible financing options for small-scale biochar manufacturers are not available, which further confines entrance into the market.

Opportunities:

Expansion into New Markets:

  • Provided that a market concentrate exists in wood-source biochar, it is simply in the agricultural domain. However, huge potential exists in expanding into other areas. One of the most significant opportunities that can be initially provided for broader adoption by biochar is as contaminant-absorbing media in environmental remediation works for cleaning polluted soil and water. The industrial sector has huge potential for using biochar as filtration media, catalysts, and biocomposite constituent materials. Further research is going on to assess its application in construction materials for better insulation and fire resistance and even as a renewable energy source associated with gasification procedures.

Wood Source Biochar Market Segmentation

The market is segmented based on Wood Source, Form, Application, and Region.

Wood Source Insights:

  • Softwood Biochar: In this respect, the predominant source material is pine, spruce, and fir trees. Softwood biochar provides excellent porosity and surface area, which makes it suitable for applications where aeration and contaminant absorption are key. Softwood biochar decomposes faster than hardwood biochar and may need to be applied more often in agriculture for better results.
  • Hardwood Biochar: Made from oak, maple, and birch trees, this type of biochar tends to have more density and a higher carbon content than softwood biochar. This means that the former will break down more slowly, making it useful for long-term improvements in agricultural soils. Higher carbon content will also make it more effective at carbon sequestration.
  • Fruitwood Biochar: This is rare, but it has recently gained interest owing to its peculiar properties. Fruitwood biochar is made from apple, cherry, and peach trees. It contains many nutrients for certain crops, but softwood and hardwood are more readily available.

Form Insights:

  • Granular Biochar: This is the most common form, consisting of small pellet-like particles. Granular biochar provides excellent handling, application, and soil incorporation properties. Its size, therefore, allows good aeration and water circulation within the soil profile.
  • Powdered Biochar: Ground biochar with high surface area. It is powdered, so its surface area is very high, making it excel in contaminant adsorption. However, it is difficult to apply since there is a risk of dispersal by wind and potential hazards of dust inhalation.

Application Insights:

  • Agriculture: This segment accounted for the largest share of the biochar market from wood sources. Biochar improves fertility by retaining nutrients and moisture, thus providing a conduit for beneficial microbial activity. This enhances soil structure, finally giving better crop yields and overall soil health.
  • Environmental Remediation: Biochar can absorb contaminants and thus be used for cleaning polluted soils and water. It does this by virtualizing its structure, like a sponge, acquiring or capturing pollutants and retaining them within its matrix.
  • Industrial Applications: This is a vast and growing application domain. Biochar can be used as filter media in industrial processes to remove pollutants from wastewater. The surface characteristics of this material further qualify it as a catalyst in many chemical reactions, especially those that involve surface chemistry. Other industrial applications of biochar are enhancing mechanical properties and environmental performance in bio-composites.
  • Others: This involves newer biochar applications as animal bedding for the dual benefits of animal health and manure management. Many other researchers are working on biochar use in construction materials and as part of renewable energy.

Regional Insights

  • North America: The market is very well developed, with great concern and emphasis on sustainable agriculture. Quickly growing consumer demand for organic food, combined with governmental incentives for eco-friendly practices, fosters the adoption of biochar. This spells well for the market, as it is located in the same region as big biochar producers and established distribution networks. On the other hand, relatively high production costs and lack of standardized quality control remain challenges.
  • Asia Pacific: This region holds enormous potential for wood-source biochar due to its large agricultural sector and growing focus on soil health. The use of biochar is increasing in countries like China, India, and Indonesia, which are under pressure from fertility and productivity. However, low awareness of the advantages of biochar and lack of infrastructure for large-scale production are constraints in market growth.
  • Europe: A mature market with strict environmental regulations is accelerating biochar adoption for soil improvement and environmental restoration. The presence of well-developed research centers and a keen interest in innovation are working to improve technology for producing biochar. However, high production costs and intense competition from other traditional soil improvement materials are challenges.
  • Latin America: A growing market developing an interest in biochar for soil fertility and environmental improvement. Government initiatives on sustainable agriculture and rising consumer awareness create immense opportunities. However, some challenges include a lack of infrastructure, financing possibilities for producers, and a fragmented market.
  • Middle East and Africa: The least developed market of wood-source biochar, however, is increasingly being eyed for biochar use for land restoration and improvement in agricultural productivity, given that awareness of desertification and soil degradation is ever-increasing. Governmental support in terms of sustainable practices, followed by international organization partnerships, may drive market growth. This, however, comes with constraints because of limited access to technology and skilled personnel, as well as instabilities in the political environment of these countries.

Wood Source Biochar Market Report Scope:

Attribute

Details

Market Size 2024

USD 104 Billion 

Projected Market Size 2034

USD 280.1 Billion

CAGR Growth Rate

11.5%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Wood Source - Softwood Biochar, Hardwood Biochar, and Fruitwood Biochar.

By Form - Granular Biochar,

By Application - Agriculture, Environmental Remediation, Industrial Applications, and Others.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

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

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Wood Source, Form, Application, and Region.

Segmentation:

By Wood Source:

  • Softwood Biochar
  • Hardwood Biochar
  • Fruitwood Biochar

By Form:

  • Granular Biochar
  • Powdered Biochar

By Application:

  • Agriculture
  • Environmental Remediation
  • Industrial Applications
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Wood Source Biochar Market Key Players

The key players operating the Wood Source Biochar Market include Siemens, Cool Planet, Biochar Supreme, NextChar, Terra Char, Genesis Industries, Interra Energy, CharGrow, Pacific Biochar, Biochar Now, The Biochar Company (TBC), ElementC6, and Vega Biofuels.

Wood Source Biochar Market Key Players

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Wood Source Biochar Market Key Issues Addressed

  • In March 2024, Toucan launched the world's first liquid market for biochar carbon credits. Toucan. Earth, a digital platform, is preparing to launch the world's first 'liquid' market for biochar credits in response to growing demand from carbon credit buyers and developers.
  • Toucan develops a digital climate financing infrastructure that simplifies carbon credits' purchase, sale, and retirement. Biochar is a form of charcoal made by pyrolyzing organic matter primarily generated from plant-based sources such as wood, crop leftovers, or manure. This technique enables biochar to store carbon for more extended periods while providing additional benefits beyond carbon removal. As a result, biochar has emerged as the preferred approach for organizations seeking carbon removal solutions.
  • In January 2024, Standard Biocarbon, a carbon removal startup, raised $5 million to launch a biochar production facility in the United States. Nexus Development funding, a supplier of sustainable infrastructure funding, has announced a $5 million investment in Standard Biocarbon, which will help the company develop and scale its new biochar production facility.
  •  Biochar, or biological charcoal, is created by heating biomass, such as forest leftovers, wood, or crop waste, in the absence of oxygen, resulting in a stable form of carbon that, when buried in soil, allows for decades of carbon storage while improving soil fertility.

Wood Source Biochar Market Company Profile

  • Cool Planet*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Biochar Supreme
  • NextChar
  • Terra Char
  • Genesis Industries
  • Interra Energy
  • CharGrow
  • Pacific Biochar
  • Biochar Now
  • The Biochar Company (TBC)
  • ElementC6
  • Vega Biofuels

“*” marked represents similar segmentation in other categories in the respective section.

Wood Source Biochar Market Table of Contents

Research Objective and Assumption

  • Research Objectives
  • Assumptions
  • Abbreviations

Market Preview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Wood Source
    • Market Snippet, By Form
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Market Trends
  • Product Launch
  • Merger and Acquisitions
  • Impact Analysis
  • PEST Analysis
  • Porter’s Analysis

Market Segmentation, Wood Source, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Softwood Biochar
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Hardwood Biochar
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Fruitwood Biochar
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Form, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Granular Biochar
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Powdered Biochar
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Application, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Agriculture
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Environmental Remediation
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Industrial Applications
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (USD Bn), By Wood Source, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • U.S
      • Canada
  • Asia Pacific
    • Market Size and Forecast (USD Bn), By Wood Source, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Europe
    • Market Size and Forecast (USD Bn), By Wood Source, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe
  • Latin America
    • Market Size and Forecast (USD Bn), By Wood Source, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East and Africa
    • Market Size and Forecast (USD Bn), By Wood Source, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of the Middle East and Africa

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
  • Cool Planet
  • Biochar Supreme
  • NextChar
  • Terra Char
  • Genesis Industries
  • Interra Energy
  • CharGro
  • Pacific Biochar
  • Biochar Now
  • The Biochar Company (TBC)
  • ElementC6
  • Vega Biofuels

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Wood Source Biochar Market Size was valued at USD 104 Billion in 2024 and is expected to reach USD 280.1 Billion by 2034, growing at a CAGR of 11.5%

The Wood Source Biochar Market is segmented into Wood Source, Form, Application, and Region.

Factors driving the market include the increased demand for sustainable farming techniques and growing awareness of biochar's benefits.

The Wood Source Biochar Market's restraints include high upfront costs.

The Wood Source Biochar Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the Wood Source Biochar Market include Cool Planet, Biochar Supreme, NextChar, Terra Char, Genesis Industries, Interra Energy, CharGrow, Pacific Biochar, Biochar Now, The Biochar Company (TBC), ElementC6, Vega Biofuels.