Biochar Market in US to grow by USD 161.2 million from 2022 to 2027 | Growing need for soil improvement to boost the market growth- Technavio

NEW YORK , Aug. 30, 2023 /PRNewswire/ -- The US biochar market size is expected to grow by USD 161.2 million from 2022 to 2027, progressing at a CAGR of  15.82% as per the latest Technavio market research report. The increasing need for soil improvement drives the market growth during the forecast period. There is increasing popularity for biochar due to its soil amendment properties including water retention, permeability, water infiltration, and drainage. Additionally, there is an increasing focus on sustainable solutions for soil health and crop yield improvement. Factors such as the rising emphasis on sustainable practices and minimizing the use of chemical fertilizers and pesticides due to the growing awareness of environmental issues are significantly contributing to the growth of biochar. Hence, such factors are expected to drive market growth during the forecast period. For more insights on the market share of various regions- Download a sample report in MINUTES

US Biochar Market:  Market Dynamics

Major Trends - The growing inclination towards organic farming is a primary trend in the market during the forecast period.

Significant Challenges - Lack of awareness and understanding is a major challenge impeding the market growth in US during the forecast period.

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Some of the key US Biochar Market Players:

The biochar market in the US is fragmented and the companies are deploying organic and inorganic growth strategies to compete in the market.

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

US Biochar Market: Segmentation Analysis

The market is segmented by technology (pyrolysis, gasification, and others) and application (farming, power generation, and industrial and others).

• The market share growth by the pyrolysis segment is significant during the forecast period. Pyrolysis can be referred to as a thermal decomposition process that converts organic materials, including biomass, into biochar, along with other byproducts such as bio-oil and syngas. Biochar is a charcoal-like substance that is extensively used as a soil amendment and carbon sequestration tool. There is increasing popularity for the pyrolysis segment as a sustainable method for converting biomass waste into valuable products, including biochar. The main advantage of this segment is that it offers an alternative to conventional waste disposal methods, minimizing the amount of organic waste going to landfills, and reducing greenhouse gas emissions. Hence, such factors are fuelling the growth of this segment, which in turn will drive the market growth during the forecast period.

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Table of Contents

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 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

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