The Asia Pacific biochar market is expected to record a CAGR of 11.5% through 2032, with a current value of US$ 575.83 Mn in 2022. The market is likely to reach a valuation of US$ 1710.17 Mn by 2032.
Growing appeal from the end-user industry, increasing usage of pacific biochar as food sources, organic farming, and developments in waste management are all driving the growth of the Asia Pacific biochar market. As a result, it is widely used in soil improvers to reduce pollutants and toxic elements and to stop soil leaching, reducing moisture levels, and fertilizer absorption.
Furthermore, environmental awareness, lower organic and inorganic materials costs, and cohesive government policies for waste management are anticipated to create a more viable pathway for market expansion.
Consequently, the Asia Pacific biochar market is expected to grow significantly due to increasing demand from the food sector. Also, biochar's use in water treatment is expected to grow rapidly in emerging economies. Therefore, the manufacturing of biochar using biogas and crop residues is expected to achieve market growth over the next few years.
Agricultural residues are widely produced in India each year. Organic waste disposal is a major problem in rural areas as well as urban settings. As a result, the majority of wastes are either burned or disposed of in landfills, resulting in significant environmental degradation.
The production of biochar from farm wastes and its application in farm soil offer multiple environmental and financial benefits. As well as non-feed biomass resources being available for biochar production, India's biochar market is expected to grow over the projected period.
Several universities and research institutes in China have also conducted the development of waste-based biochar, the preparation of different biochar fertilizers, and the design of the most appropriate biochar application practices. This will result in increased growth opportunities for biochar in China.
Biochar has been produced and used in Japan for 20 years by farmers, gardeners, foresters, and builders. In addition, the country has a competent research forum that studies biochar's chemical, physical, and biological properties in compost and soil.
There is a long-standing tradition of biochar usage in South Korea, along with some new trends. As an example, charcoal is used in the production of kimchee and as sculptural elements in bathrooms. Biological processes, such as fermentation and organic waste fermentation, are being applied to biochar production in South Korea.
Furthermore, due to rapid economic and agricultural development, several players are gaining support for biochar demonstration projects. As an example, several groups are focusing on the use of biochar as soil amendments, such as JICA, CGIAR, and APN. Due to these factors, the biochar market is expected to grow across major APAC countries.
For instance, the SUEZ group and Airex Energy partnered in June 2021 to increase the production capacity of biochar from biomass leftovers, expecting to increase the capacity from 10,000 to 30,000 tons per year.
| Attributes | Details |
|---|---|
| Asia Pacific Biochar Market CAGR | 11.5% |
| Asia Pacific Biochar Market (2022) | US$ 575.83 Million |
| Asia Pacific Biochar Market (2032) | US$ 1710.17 Million |
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The Asia Pacific biochar market is expected to witness significant contribution to the global biochar market, by registering a robust growth of nearly 10% by 2020. Growth of biochar market is also associated with the bio-fuel sector as the former is a by-product of the bio-fuels industry.
With already established market of biochar in China and Japan, Asia Pacific biochar market is expected to witness positive growth with an increased market share of 12% in 2020 as compared to 10% in 2013.
Country wise, Greater China accounts for about 94.7% of the Asia Pacific market, followed by ASEAN with a share of 5.2%. The trend is expected to be almost the same in the next six years with Greater China expected to account for 95% share of the Asia Pacific biochar market.
Principal Consultant
Asia Pacific: Greater China, India, ASEAN, Australia & Zealand, Japan and Others (Singapore, North Korea and South Korea)
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Asia Pacific Biochar Market
