Asia-Pacific Granular Biochar Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product Type and Application

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.

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 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.