U.S. Biochar Market Size Is Expected To Reach USD 433.4 Million By 2028

 U.S. Biochar Industry Overview

The U.S. biochar market size is expected to reach USD 433.4 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.8% from 2021 to 2028. The market is majorly driven by rising demand for biochar in agricultural applications because of its ability to maintain soil stability and water holding capacity for a long duration due to the high amount of carbon content, which improves the productivity of crops, organic chemicals, and other major application industries.

The market for biochar in the U.S. is still in the nascent stage. The product is expected to gain significance for increasing agricultural productivity and crop yield in the near future. In addition, growing consumer awareness in the U.S. regarding the benefits of organic food is expected to propel the product demand owing to its ability to enhance soil fertility and plant growth.

Biochar is anticipated to witness increased penetration in livestock farming on account of its ability to provide essential nutrients for the health of livestock. Increasing intake of meat in North America is contributing to the expansion of livestock and poultry farming, thereby propelling the demand.

The market is characterized by the presence of a mix of small and medium-scale producers with regional expansion aspirations. This scenario is expected to change over the forecast period owing to the rising demand for organic food and the consequent expansion of organic farming.

A rising population is expected to boost food production, which, in turn, is anticipated to have a positive impact on the growth of the market given the ability of this charcoal-like substance to increase crop yield. However, farmers are still unaware of the long-term benefits of biochar in agriculture. The product is yet to gain full acceptance in the agriculture sector. However, various factors such as the growing demand for organic farming and the rising usage of biochar as a feed additive are anticipated to propel the U.S. market growth.


U.S. Biochar Market Segmentation

Grand View Research has segmented the U.S. Biochar market on the basis of technology, application, and state:

Based on the Technology Insights, the market is segmented into Pyrolysis, Gasification, and Other.

  • The pyrolysis segment dominated the market for biochar in the U.S. and accounted for a share of 83.0% in 2020. This high share is attributable to the manufacturing of biochar by using pyrolysis owing to its high-quality product and large production quantity.

  • The gasification segment is expected to witness a CAGR of 16.9% in terms of revenue over the forecast period. This high share is attributed to the technological superiority of this process. Gasification is similar to pyrolysis, wherein the biomass is heated in the presence of limited oxygen, which helps break down the woody biomass yielding synthetic gas in the process.

 

Based on the Application Insights, the market is segmented into Agriculture, Animal Feed, Health & Beauty Products, and Others.

  • The agriculture application segment dominated the market and accounted for the largest share of 89.0% in 2020. This high share is attributable to the increasing use of biochar in the agriculture sector to enhance soil fertility, improve plant growth, and provide crop nutrition.

 

  • The animal feed application was the second-largest segment in 2020 and is expected to witness a CAGR of 18.1% in terms of revenue from 2021-2028. This high share is attributable rising demand for animal feed in the country. Manufacturers of animal feed in the country are optimistic about the use of biochar in animal feed.

 

U.S. Biochar State Outlook

  • California
  • Texas
  • Kansas
  • Oklahoma
  • Idaho
  • Arizona
  • Other States

 

Order a free sample PDF of the U.S. Biochar Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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