Europe Enriched Biochar Market Size & Outlook, 2022-2030
Europe enriched biochar market, 2018-2030 (US$M)
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Europe enriched biochar market highlights
- The Europe enriched biochar market generated a revenue of USD 16.4 million in 2022.
- The market is expected to grow at a CAGR of 9% from 2023 to 2030.
- In terms of segment, agriculture was the largest revenue generating application in 2022.
- Agriculture is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 16.4 million |
| Market revenue in 2030 | USD 32.7 million |
| Growth rate | 9% (CAGR from 2022 to 2030) |
| Largest segment | Agriculture |
| Fastest growing segment | Agriculture |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Agriculture, Gardening, Turfs, Other Applications |
| Key market players worldwide | Carbon Gold, CharGrow, SymSoil, Inc., bio365, Engrow |
Other key industry trends
- In terms of revenue, Europe region accounted for 42.3% of the global enriched biochar market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 32.7 million by 2030.
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Enriched Biochar Market Scope
Enriched Biochar Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe enriched biochar market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to enriched biochar market will help companies and investors design strategic landscapes.
Agriculture was the largest segment with a revenue share of 65.24% in 2022. Horizon Databook has segmented the Europe enriched biochar market based on agriculture, gardening, turfs, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is a major producer of a variety of crops such as wheat, rye, maize, barley, potatoes, sugar beet, and others. In total, Europe has 305.78 million acres of land under agriculture with 56% of the area being utilized for arable crops. Specific countries such as France, Italy, and Germany are also known for their horticultural and viticulture crops such as grape wines and roses.
According to the European Commission, the area under cereal production in Europe is expected to decrease by 57.2 million hectares by 2032. While Europe is expected to remain a net exporter of barley and wheat and a net importer of rice and maize, food consumption is expected to increase by 3.9% for cereals and other food products.
In December 2021, the Common Agriculture Policy (CAP) was adopted which came into force on 1st January 2023. It envisions a plan to promote organic farming practices in the region by allocating at least 25% of the budget via echo schemes and incentives for adopting sustainable farming practices.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe enriched biochar market , including forecasts for subscribers. This continent databook contains high-level insights into Europe enriched biochar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe enriched biochar market size, by country, 2018-2030 (US$M)
Europe Enriched Biochar Market Outlook Share, 2022 & 2030 (US$M)
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