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The US biochar market size is estimated to grow at a CAGR of 15.82% between 2022 and 2027. The market size is forecast to increase by USD 161.2 million. The growth of the market depends on several factors, including the growing need for soil improvement, the adoption of precision farming, and increased yields and crop quality.
This biochar market report in the US extensively covers market segmentation by technology (pyrolysis, gasification, and others) and application (farming, power generation, and industrial and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growing need for soil improvement is notably driving the market growth, although factors such as lack of awareness and understanding impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the biochar market growth in the US is the growing need for soil improvement. There is a growing popularity of biochar for its soil amendments properties, such as water retention, permeability, water infiltration, and drainage. One of the key consumers of biochar driving its high demand includes farmers and agricultural industries seeking sustainable solutions for soil health and crop yield improvement.
There is a growing importance on sustainable practices and reducing the use of chemical fertilizers and pesticides due to the increasing awareness of environmental issues. For instance, soil improvement products offer an eco-friendly alternative that enhances soil health without harming the environment. Hence, the rising demand for soil improvement products will boost the growth of the biochar market in the US during the forecast period.
key factor shaping the biochar market growth is the inclination toward organic farming. There has been an increasing demand for biochar over the years due to the growing inclination towards organic farming. One of the key advantages of biochar is that can help organic farmers reduce their reliance on synthetic fertilizers and pesticides as well as it also acts as a carbon sink, sequestering carbon from the atmosphere for long periods.
Additionally, factors such as biochar enhance nutrient cycling in the soil, reduce nutrient leaching, promote the growth of beneficial soil microorganisms, improve water retention in sandy soils, and reduce waterlogging in clay soils, making it valuable for sustainable water management are expected to fuel the demand of the biochar across the farmers. Furthermore, there has been an increase in consumer demand for organic products as organic farming practices prioritize the use of natural and sustainable products such as biochar to enhance soil health and promote biodiversity. Hence, such factors are expected to drive the growth of the biochar market in the US during the forecast period.
Lack of awareness and understanding is one of the key challenges hindering the biochar market growth in the US. Limited awareness and understanding of biochar among the public, policymakers, and even some agricultural communities is one of the key challenges in the biochar market. As many people are still unaware of biochar and its potential benefits, which includes improvement of soil fertility and increase in crop yields, which hinders its widespread adoption.
Since biochar is a relatively new concept, there have been only limited educational outreach and public awareness campaigns focused specifically on biochar. Due to this reason, the public remains unaware of its existence and potential benefits. Thus, such a lack of awareness is expected to hinder the growth of the biochar market in the US during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Biochar Market in US Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
High Plains Biochar LLC: The company offers biochar such as premium pine feedstock biochar.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the pyrolysis segment will be significant during the forecast period. Pyrolysis can be termed as a thermal decomposition process that converts organic materials, such as biomass, into biochar, along with other byproducts like bio-oil and syngas. Biochar is a charcoal-like substance that is widely used as a soil amendment and carbon sequestration tool.
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The pyrolysis segment was valued at USD 60.26 million in 2017 and continued to grow until 2021. There is a growing popularity for the pyrolysis segment as a sustainable method for converting biomass waste into valuable products such as biochar. The process involves heating biomass in the absence of oxygen or with a limited oxygen supply at high temperatures. Some of the key environmental benefits offered by this segment include It provides an alternative to conventional waste disposal methods, reducing the amount of organic waste going to landfills, and minimizing greenhouse gas emissions. The main application of biochar in agriculture is that it can enhance soil health and reduce the need for synthetic fertilizers, thereby promoting sustainable farming practices. Hence, such factors and benefits are expected to drive the growth of the biochar market in the US during the forecast period.
The biochar market report in the US forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the Biochar market in the US as a part of the global oil and gas refining and marketing market within the global oil and gas market. The global oil and gas refining and marketing market covers companies engaged in the refining and marketing of oil, gas, and refined products. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Biochar Market Scope In US |
|
Report Coverage |
Details |
Page number |
115 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.82% |
Market growth 2023-2027 |
USD 161.2 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
15.5 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Blue Sky Biochar, V-Grid Energy Systems Inc., ALL Power Labs , Aries Clean Technologies LLC, Avello Bioenergy Inc., Biochar Now LLC, Biochar Supreme LLC, Bioforcetech Corp., Carbo Culture co, Coaltec Energy USA, Ecotone Inc., Glanris Biocarbon Biochar, High Plains Biochar LLC, Karr Group, Lewis Bamboo, Oregon Biochar Solutions, Pacific Biochar Benefit Corp., Seneca Farms Biochar LLC, and Vermont Biochar |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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