The granular biochar market in APAC is expected to grow from US$ 53,994.08 million in 2022 to US$ 1,06,722.46 million by 2028. It is estimated to grow at a CAGR of 12.0% from 2022 to 2028.
Increasing Use of Granular Biochar in Agriculture
Agriculture is one of the major areas of application for granular biochar. In recent years, the interest in using biochar in agriculture has been increasing due to its beneficial properties of this material. The application of granular biochar to temperate soil can improve a variety of soil health indicators. Soil health is the capacity of the soil to function as a living system to sustain biological productivity and maintain environmental quality. Granular biochar has the potential to retain soil nutrients such as ammonium, nitrate, and phosphorus, and this effect is most readily observed in light-textured soils. Granular biochar helps to improve soil fertility status and increase crop productivity. Further, soil degradation is a major concern in agriculture globally. Biochar is applied to degraded soils to enhance its quality and address this burgeoning problem. Granular biochar helps to improve soil quality by enhancing soil structure, increasing water retention and aggregation, decreasing acidity, improving porosity, regulating nitrogen leaching, and improving microbial properties. Granular biochar is also found to be beneficial for composting. It helps reduce greenhouse gas emissions and prevents the loss of nutrients in the compost material. It also helps to reduce the compost’s ammonia losses, bulk density, and odor. These associated benefits of granular biochar are bolstering its demand from the agriculture industry. Hence, the increasing use of granular biochar in agriculture mainly drives the growth of the granular biochar market.
Market Overview
The demand for granular biochar in Asia Pacific is expected to grow significantly during the studied forecast period, owing to increased agricultural production. Countries in the region, such as Indonesia, suffer from problems such as the lack of water and poor-quality soil. Granular biochar helps improve soil fertility by maintaining acidity levels and restoring soil nutrients. As a result, there is more scope for research into granular biochar’s potential to enhance lives in Asia Pacific. Agricultural productivity in Thailand is endangered by demographic pressure in urbanization. Using granular biochar is a promising strategy for increasing soil fertility and water retention in Thailand’s sandy soil for agricultural regions.
In countries such as Vietnam, much of the soil on farmed land is prone to degeneration, which results in poor agricultural growth. In Vietnam, the Biochar for Sustainable Soil (B4SS) initiative is working on projects to promote the granular biochar market. Australia is a leader in the field of granular biochar. Granular biochar is produced in the nation by several small and medium-sized manufacturers. As a result, the granular biochar market has huge potential in Asia Pacific..
APAC Granular Biochar Market Revenue and Forecast to 2028 (US$ Million)
APAC Granular Biochar Market Segmentation
The APAC granular biochar market is segmented into product type, application, and country. Based on product type, the market is segmented into wood source biochar, corn and wheat source biochar, and others. The corn and wheat source biochar segment registered the largest market share in 2022.
Based on application, the APAC granular biochar market is segmented into soil conditioner, fertilizer, and others. The fertilizer segment registered the largest market share in 2022. Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. China dominated the market share in 2022. Advanced Renewable Technology International; Arsta Eco Pvt. Ltd.; Green Man Char; and Pyreg GmbH are the leading companies operating in the granular biochar market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Granular Biochar Market, by Product Type
1.3.2 APAC Granular Biochar Market, by Application
1.3.3 APAC Granular Biochar Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
4. APAC Granular Biochar Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Granular Biochar Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Granular Biochar in Agriculture
5.1.2 Rising Benefits of Granular Biochar
5.2 Market Restrain
5.2.1 Presence of Contaminants in Granular Biochar
5.3 Market Opportunities
5.3.1 Increasing Focus on Organic Farming
5.4 Future Trends
5.4.1 Use of Granular Biochar in Water and Wastewater Treatment
5.5 Impact Analysis
6. Granular Biochar – APAC Market Analysis
6.1 Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
6.2 APAC Granular Biochar Market –Volume and Forecast to 2028 (Tons)
7. APAC Granular Biochar Market Analysis – By Product Type
7.1 Overview
7.2 APAC Granular Biochar Market Breakdown, by Product Type, 2021 & 2028
7.2.1 Wood Source Biochar
7.2.2 Overview
7.2.3 Wood Source Biochar: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
7.3 Corn and Wheat Source Biochar
7.3.1 Overview
7.3.2 Corn and Wheat Source Biochar: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4 Others
7.4.1 Overview
7.4.2 Others: APAC Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
8. APAC Granular Biochar Market Analysis – By Applications
8.1 Overview
8.2 APAC Granular Biochar Market Breakdown, by Applications, 2021 & 2028
8.3 Soil Conditioner
8.3.1 Overview
8.3.2 Soil Conditioner: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
8.4 Fertilizer
8.4.1 Overview
8.4.2 Fertilizer: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
8.5 Others
8.5.1 Overview
8.5.2 Others: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
9. APAC Granular Biochar Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Granular Biochar Market, by Key Country
9.1.1.1 Australia: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
9.1.1.2 Australia: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.2.1 Australia: Granular Biochar Market, by Product Type
9.1.1.2.2 Australia: Granular Biochar Market, by Product Type
9.1.1.2.3 Australia: Granular Biochar Market, by Application
9.1.1.3 China: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
9.1.1.4 China: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.4.1 China: Granular Biochar Market, by Product Type
9.1.1.4.2 China: Granular Biochar Market, by Product Type
9.1.1.4.3 China: Granular Biochar Market, by Application
9.1.1.5 India: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
9.1.1.6 India: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.6.1 India: Granular Biochar Market, by Product Type
9.1.1.6.2 India: Granular Biochar Market, by Product Type
9.1.1.6.3 India: Granular Biochar Market, by Application
9.1.1.7 Japan: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
9.1.1.8 Japan: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.8.1 Japan: Granular Biochar Market, by Product Type
9.1.1.8.2 Japan: Granular Biochar Market, by Product Type
9.1.1.8.3 Japan: Granular Biochar Market, by Application
9.1.1.9 South Korea: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
9.1.1.10 South Korea: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.10.1 South Korea: Granular Biochar Market, by Product Type
9.1.1.10.2 South Korea: Granular Biochar Market, by Product Type
9.1.1.10.3 South Korea: Granular Biochar Market, by Application
9.1.1.11 Rest of Asia Pacific: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
9.1.1.12 Rest of Asia Pacific: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.12.1 Rest of Asia Pacific: Granular Biochar Market, by Product Type
9.1.1.12.2 Rest of Asia Pacific: Granular Biochar Market, by Product Type
9.1.1.12.3 Rest of Asia Pacific: Granular Biochar Market, by Application
10. Company Profile
10.1 Green Man Char
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Pyreg GmbH
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Arsta Eco Pvt. Ltd.
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Advanced Renewable Technology International
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. APAC Granular Biochar Market –Volume and Forecast to 2028 (Tons)
Table 3. Australia Granular Biochar Market, by Product Type– Volume and Forecast to 2028 (Tons)
Table 4. Australia Granular Biochar Market, by Product Type– Revenue and Forecast to 2028 (USD Thousand)
Table 5. Australia Granular Biochar Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 6. China Granular Biochar Market, by Product Type – Volume and Forecast to 2028 (Tons)
Table 7. China Granular Biochar Market, by Product Type – Revenue and Forecast to 2028 (USD Thousand)
Table 8. China Granular Biochar Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 9. India Granular Biochar Market, by Product Type – Volume and Forecast to 2028 (Tons)
Table 10. India Granular Biochar Market, by Product Type – Revenue and Forecast to 2028 (USD Thousand)
Table 11. India Granular Biochar Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 12. Japan Granular Biochar Market, by Product Type – Volume and Forecast to 2028 (Tons)
Table 13. Japan Granular Biochar Market, by Product Type – Revenue and Forecast to 2028 (USD Thousand)
Table 14. Japan Granular Biochar Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 15. South Korea Granular Biochar Market, by Product Type – Volume and Forecast to 2028 (Tons)
Table 16. South Korea Granular Biochar Market, by Product Type – Revenue and Forecast to 2028 (USD Thousand)
Table 17. South Korea Granular Biochar Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 18. Rest of Asia Pacific Granular Biochar Market, by Product Type – Volume and Forecast to 2028 (Tons)
Table 19. Rest of Asia Pacific Granular Biochar Market, by Product Type – Revenue and Forecast to 2028 (USD Thousand)
Table 20. Rest of Asia Pacific Granular Biochar Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 21. Glossary of Terms, APAC Granular Biochar Market
LIST OF FIGURES
Figure 1. APAC Granular Biochar Market Segmentation
Figure 2. APAC Granular Biochar Market Segmentation – By Country
Figure 3. APAC Granular Biochar Market Overview
Figure 4. APAC Granular Biochar Market, By Product Type
Figure 5. APAC Granular Biochar Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Granular Biochar Market – Ecosystem
Figure 8. Expert Opinion
Figure 9. APAC Granular Biochar Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. APAC Granular Biochar Market – Volume and Forecast to 2028 (Tons)
Figure 12. APAC Granular Biochar Market Breakdown, by Product Type, 2021 & 2028
Figure 13. APAC Wood Source Biochar: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 14. APAC Corn and Wheat Source Biochar: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. APAC Others: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. APAC Granular Biochar Market Breakdown, by Applications, 2021 & 2028
Figure 17. APAC Soil Conditioner: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. APAC Fertilizer: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. APAC Others: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Asia Pacific: Granular Biochar Market Revenue Share, by Key Country (2021 and 2028)
Figure 21. Australia: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
Figure 22. Australia: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 23. China: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
Figure 24. China: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. India: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
Figure 26. India: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 27. Japan: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
Figure 28. Japan: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 29. South Korea: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
Figure 30. South Korea: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 31. Rest of Asia Pacific: Granular Biochar Market – Volume and Forecast to 2028 (Tons)
Figure 32. Rest of Asia Pacific: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC granular biochar market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the APAC granular biochar market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the granular biochar market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The List of Companies – Asia-Pacific Granular Biochar Market
● Advanced Renewable Technology International
● Arsta Eco Pvt. Ltd.
● Green Man Char
● Pyreg GmbH
At 12.0% CAGR, the APAC Granular Biochar Market is speculated to be worth US$ 1,06,722.46 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the APAC granular biochar market was valued at US$ 53,994.08 million in 2022 and is expected to reach US$ 1,06,722.46 million by 2028, registering an annual growth rate of 12.0% from 2022 to 2028. Rising benefits of granular biochar and increasing use of granular biochar in agriculture are the critical factors attributed to the market expansion.
There has been a rising preference for granular biochar due to its various benefits. Granular biochar helps in solving various problems simultaneously. It plays an important role in sequestering carbon and mitigating climate change. Granular biochar production is a carbon-negative process, as it reduces CO2 in the atmosphere. The process by which granular biochar is produced helps sequester a billion tons of carbon annually and hold it in the soil for thousands of years, where it is most beneficial. The heat energy generated during the production of granular biochar can potentially be used as a replacement for fossil fuels. Granular biochar contributes to mitigating climate change by enriching the soils and, lowering the need for chemical fertilizers, lowering greenhouse gas emissions. Biochar also helps limit nitrous oxide (N20) and methane (CH4) emissions from agricultural soils. Nitrous oxide and methane are the greenhouse gases that contribute to climate change. Various benefits of granular biochar for the climate and agricultural systems make it a promising tool for regenerative agriculture. All these advanced benefits of granular biochar are mainly driving the market growth.
On the contrary, presence of contaminants in granular biochar hurdles the growth of APAC granular biochar market.
Based on product type, the APAC granular biochar market is segmented into wood source biochar, corn and wheat source biochar, and others. The corn and wheat source biochar segment held 53.0% market share in 2022, amassing US$ 28,641.64 million. It is projected to garner US$ 56,425.76 million by 2028 to expand at 12.0% CAGR during 2022–2028. Based on application, the APAC granular biochar market is segmented into soil conditioner, fertilizer, and others. The fertilizer segment held 45.2% market share in 2022, amassing US$ 24,429.67 million. It is projected to garner US$ 48,086.46 million by 2028 to expand at 11.9% CAGR during 2022–2028. Based on country, the APAC granular biochar market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. Our regional analysis states that China captured 52.5% market share in 2022. It was assessed at US$ 28,351.63 million in 2022 and is likely to hit US$ 57,505.33 million by 2028, exhibiting a CAGR of 12.5% during the forecast period. Key players dominating the APAC granular biochar market are Advanced Renewable Technology International; Arsta Eco Pvt. Ltd.; Green Man Char; and Pyreg GmbH among others.
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