The Global Biochar Market size is expected to grow from USD 1.13 billion in 2022 to USD 2.92 billion by 2030, at a CAGR of 12.6% during the forecast period (2023-2030).
The depletion of soil quality due to the increasing population and excessive use of chemical fertilizers has highlighted the urgent need for sustainable agricultural practices. Biochar, derived from carbonized biomass, emerges as a promising solution to enhance soil fertility and crop growth.