Increased Use of Biochar in Soil Amendments due to Growing Soil Degradation
Nutrient-rich biochar produced from waste materials are a great way of safe and sustainable recycling of nutrients. There is a variety of environmental applications of biochar, most importantly plant growth improvement. Biochar’s unique structure makes it very stable against degradation and therefore, applying biochar to soil sequesters carbon and can help mitigate climate change. The primary driver of global biochar fertilizer market is the increasing use of organic biochar fertilizers in organic food production, and their ability to boost plant development. Raw ingredients of biochar fertilizers tend to promote agricultural production in addition to enhancing soil fertility, which is likely to fuel the growth of biochar fertilizer market in future.
Advances in agricultural technology, such as the introduction of pyrolysis, which enhances soil amendments, water consumption treatment reduction, and carbon absorption methods used in biochar fertilizer, will drive the biochar fertilizer market forward. A significant factor contributing to the increase in soil amendment is the growing prevalence of soil degradation. Biochar improves soil quality by raising soil pH, moisture retention, cation exchange capacity, and microbial flora. The addition of biochar to the soil increased the availability of basic cations as well as phosphorus and total nitrogen concentrations. Globally, around 25% of total land area has been degraded. Scientists have warned that 24 billion tonnes of fertile soil are lost yearly due to unsustainable agricultural methods. If current trends continue, 95 percent of the world's geographical regions may be degraded by 2050. Therefore, with the growing cases of soil degradation, the demand for biochar fertilizers will increase in the upcoming years, accelerating the expansion of biochar fertilizer market.
Another factor contributing to soil degradation is the growing deforestation. The primary causes of deforestation are the production of lumber/wood and the clearing of land for livestock, soy, and palm oil cultivation. As the population rises, so does the demand for additional lumber, fuel, food, and space, which result in deforestation. Approximately 9 million acres of rainforest were lost in 2019; by 2030, only 10% of the world's rainforests may be remaining. Hence with the unavailability of the rain forest, the land will be exposed directly, resulting in washing out of its nutrients, which will cause a spike increase in the demand for soil amendments such as biochar fertilizers to retain soil nutrients.
Agricultural Industry Will Dominate Biochar Fertilizer Market Considering Benefits for Soil Health
The agriculture industry will likely dominate the market. Biochar is commonly utilized as a fertilizer in agriculture since it aids in improving natural rates of carbon sequestration in the soil and improves soil quality. It also contributes to decreasing farm waste and greenhouse gas emissions. Biochar is primarily used in agriculture to promote soil fertility, plant development, and crop nutrition. As a result, total farming productivity improves. Farmers worldwide are increasingly adopting this char, which is predicted to enhance agricultural growth over the forecast period.
Asia Pacific Remains Dominant with Increasing Agricultural Activity in the Region
In the forecast period, Asia Pacific will dominate the worldwide biochar fertilizer market. The key driving force behind this sector is the region's potential importance in soil development and carbon sequestration. The region's significant economic and agricultural growth has assisted market expansion. China is the primary producer of such char in the Asia Pacific region. Crop residue disposal, soil contamination, quality deterioration, field burning, and greenhouse gas emissions are challenges in the area. As a result, converting agro-waste into this product and using it as a soil conditioner in crops is driving expansion in this region to address these challenges. According to nature communication, widespread use of negative emission technologies (NETs) is considered critical to meeting China's 2050 carbon reduction and renewable energy goals and meeting the Paris Agreement's target of limiting global temperature increases to 2°C or possibly 1.5°C cost-effectively. Under a "moderate" scenario that involves processing 73 percent of agricultural wastes into biochar total, GHG emissions reductions might reach 8620 Mt CO2-eq by 2050. This factor will drive the growth of biochar fertilizer market in the coming years.
North America is the world's second-largest market for such char, and it is expected to grow significantly because of the rising demand for organic food and high meat consumption. Many local and large-scale producers working on a national and global scale have assisted the sector's expansion. According to the USBI (US Biochar Initiative), the domestic char production reported by survey respondents ranges from 35,000 to 70,000 tons per year. Growing demand for organic food will boost the biochar fertilizers market in North America, owing to a shift in consumer preferences toward foods with more significant dietary benefits.
Global Biochar Fertilizer Market: Competitive Landscape
Market participants present new products and develop collaborations, alliances, and partnership agreements. In June 2021, Airex Energy and SUEZ Group collaborated to develop the capability of producing biochar from biomass waste, with a projected capacity of 10,000 to 30,000 tonnes per year. In June 2021, Wakefield Biochar signed an agreement with a wholly-owned subsidiary of Vow ASA (referred to collectively as "Vow") to establish an industry-scale Biogreen system at Wakefield's facility in Valdosta, Georgia, USA. The USD 5.15 million turn-key system includes drying equipment, biochar synthesis utilizing patented Biogreen technology, and the conversion of CO2-neutral syngas into electricity for biomass drying.
Few of the players in the biochar fertilizer market include BSEI (U.S.), 3R Enviro Tech Group (India), CharGrow (U.S.), Terra Humana Ltd (Poland), Farm2Energy (India), Oregon Biochar Solutions (U.S.), Tolero Energy LLC (U.S.), Green Man Char (Australia), TerraChar (U.S.), Carbonis GmbH & Co. KG (Germany), and American Biochar Company (U.S.)
The Global Biochar Fertilizer Market is Segmented as Below:
By Product Type
Key Elements Included In The Study: Global Biochar Fertilizer Market
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