The U.S. biochar market is expected to reach US$4.9 mn by the end 2020. It was recorded at US$1.4 mn in 2013 and is exhibiting a CAGR of 19.0% within a forecast period from 2014 to 2020. The data is provided in a research report released by Transparency Market Research, titled “Biochar Market – U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”
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The utilization of biochar for offsetting carbon emissions, from both natural and industrial processes, through carbon sequestration is one of the major factors that is encouraging the use of biochar due to environmental conservation concerns in the U.S.Currently, the utilization of biochar in the agricultural sector is in its developmental stage; however, the agricultural sector will exhibit a consistent demand for biochar due to worthwhile gains. This will lead the biochar market in the U.S. to expand rapidly during the forecast period.
Biochar has usability for increased agricultural output due to the properties of the material to enhance soil quality, its nutrient retention ability, fertility, and increase soil biodiversity. Some other benefits of biochar products are – maintenance of the pH balance of the soil and generation of healthy humus. In addition, enhanced water retention, increased resistance to insect and fungal attacks, and improved seed germination are some of the gains on the soil, which are closely related with increased food productivity and reduced deforestation.
The success of the biochar market in the U.S. is largely dependent on research initiatives that are carried out in order to establish biochar as a primary gardening agricultural product with proven benefits. In this regard, manufacturers are providing biochar in its purest form and engineered biochar mixes specially made for the requirement of small farms and gardens. In the U.S., farmers and gardeners that manufacture biochar for their own use constitute the second set of manufacturers.
Thus, in order to raise awareness about the benefits of biochar, industry talks and promotional campaigns are organized, with an active participation of scientists, product manufacturers, farmers, industry stakeholders, and suppliers, which will be beneficial for the growth of the biochar market in the U.S.With the global biochar industry is in the initial stage, as an endorsement of environmental and agricultural gains, the use of biochar is on the rise across the world. For biochar to receive approval to be used for commercial purposes, standards and certifications are in place, such as the European Biochar Certificate, Biochar Risk Assessment Framework (BARF), IBI Biochar Standards, and IBI Biochar certification, each of which is framed according to governmental mandates in the respective region.
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In the U.S., there are only a few technology providers in the biochar market. Nevertheless, biochar companies have studied the scalability and availability of the best technology for the production of biochar to obtain the best output and cost ratio. Thus, the U.S. biochar market is expected to rise expeditiously in the future.Some of the major companies that have a strong presence in the U.S. biochar market are Agri-Tech Producers LLC, Cool Planet Energy Systems Inc. The Biochar Company, Biochar Supreme LLC, and Full Circle Biochar.