At 11.6% CAGR, the Europe granular biochar market is projected to be worth US$ 4.04 Million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the Europe granular biochar market was valued at US$ 2.10 Million in 2022 and is expected to reach US$ 4.04 Million by 2028, registering a CAGR of 11.6% from 2022 to 2028. Increasing use of granular biochar in agriculture and rising benefits of granular biochar are the critical factors attributed to the Europe granular biochar 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 Millions 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 Europe granular biochar market. 

Based on product type, the Europe granular biochar market is segmented into wood source biochar, corn and wheat source biochar, and others. The corn and wheat source biochar segment held 52.0% share of Europe granular biochar market in 2022, amassing US$ 1.09 Million. It is projected to garner US$ 2.09 Million by 2028 to expand at 11.5% CAGR during 2022–2028.

Based on application, the Europe granular biochar market is segmented into soil conditioner, fertilizer, and others. The fertilizer segment held 42.8% share of Europe granular biochar market in 2022, amassing US$ 0.90 Million. It is projected to garner US$ 1.72 Million by 2028 to expand at 11.5% CAGR during 2022–2028.  

Based on country, the Europe granular biochar market has been categorized into Germany, France, Italy, UK, Russia, and the Rest of Europe.  Our regional analysis states that the Rest of Europe captured 31.4% share of Europe granular biochar market in 2022. It was assessed at US$ 0.66 Million in 2022 and is likely to hit US$ 1.23 Million by 2028, exhibiting a CAGR of 10.9% during the 2022–2028.      

Key players operating in the Europe granular biochar market are Advanced Renewable Technology International, Carbonis GmbH & CO. Kg, Novocarbo GmbH, and Preyag GmbH, among others.   

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