United States Biochar Market Size, Share, and COVID-19 Impact Analysis, By Technology (Pyrolysis, Gasification), By Application (Agriculture, Animal Feed, Health & Beauty Products), and United States Biochar Market Insights Forecasts 2023 – 2033

Industry: Chemicals & Materials

RELEASE DATE Jan 2024
REPORT ID SI3385
PAGES 200
REPORT FORMAT PathSoft

United States Biochar Market Insights Forecasts to 2033                

  • The  United States Biochar Market Size was valued at USD 214.2 Million in 2023.
  • The Market Size is Growing at a CAGR of 11.48% from 2023 to 2033.
  • The United States Biochar Market Size is Expected to Reach USD 605.2 Million by 2033.

United States Biochar Market

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The United States Biochar Market Size is expected to reach USD 605.2 Million by 2033, at a CAGR of 11.48% during the Forecast period 2023 to 2033.  

 

Market Overview

Biochar is the lightweight black residue of carbon and ash that remains after biomass pyrolysis. The International Biochar Initiative defines biochar as "the solid material produced through the thermochemical conversion of biomass in an oxygen-limited environment." Biochar is a pyrogenic carbon-rich stable solid that can survive in soil for thousands of years. The proposed method of pyrogenic carbon capture and storage (PyCCS), or biochar carbon sequestration, is based on biochar's refractory stability. It can sequester carbon with little effort, making it a viable option for mitigating climate change. Acidic soils may become more fertile as a result of biochar, increasing agricultural output. Biochar is primarily used to improve soil water filtration, aeration, and nutrient availability. Biochar can be used in a variety of ways, including as a soil supplement, slash-and-char technique, water retention method, livestock feed, and concrete additive. Biochar's environmental benefits for soil have received a lot of attention. Growing environmental concerns and an increase in awareness for environmentally friendly and organic products are driving market growth. Biochar demand will be fueled by the investment of resources in its development by both government and non-government organizations.

 

Report Coverage

This research report categorizes the market for the United States biochar market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States biochar market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States biochar market.

United States Biochar Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 214.2 Million
Forecast Period:2023 to 2033.
Forecast Period 2023 to 2033. CAGR:11.48%
2033. Value Projection:USD 605.2 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:120
Segments covered: By Technology, By Application, and COVID-19 Impact Analysis
Companies Covered: Black Owl U.S. Biochar, Karr Group, Aries Clean Technologies, Pacific U.S. Biochar Benefit Corporation, Advance Renewable Technology International (ARTI), Soil Reef LLC, Avello Bioenergy, Oregon U.S. Biochar Solutions, New England U.S. Biochar, Chargrow USA LLC, Others, and
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

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Driving Factors

Growing environmental concerns and an increase in awareness for environmentally friendly and organic products are driving market growth. Biochar demand will be fueled by the investment of resources in its development by both government and non-government organizations. The need to improve soil health, particularly in agriculture, to ensure sustainable food production drives biochar adoption, as does growing interest in carbon sequestration and climate change mitigation. Furthermore, the trend toward sustainable and organic farming practices encourages the use of biochar. Growing demand from the food sector is expected to be a major contributor to market growth. The use of the product in the water treatment process is expected to be another important application shortly, driven by rising demand for water treatment facilities, particularly in the United States. Furthermore, biochar production using biogas and crop residue is expected to propel the market growth.

 

Restraining Factors

Challenges are connected to large-scale biochar production and distribution, as well as a lack of awareness about the benefits of biochar among farmers and consumers. One of the major constraints limiting this product's development and potential consumption will continue to be a lack of knowledge of the sustainable char manufacturing process. The market value has been hampered by a lack of effective technology for low-emission char synthesis, particularly for distant or mobile production.

 

Market Segment

  • In 2023, the pyrolysis segment accounted for the largest revenue share over the forecast period.

Based on the technology, the United States biochar market is segmented into pyrolysis and gasification. Among these, the pyrolysis segment has the largest revenue share over the forecast period. Growth is attributed to the ease of access to equipment and the convenience factor. Pyrolysis is an important process in the production of biochar and in the conversion of organic materials into biochar. This thermal decomposition process allows organic matter to undergo a series of complex chemical reactions in the absence of oxygen. Depending on their needs, manufacturers employ both fast and slow pyrolysis processes. Fast pyrolysis pyrolyzes finely ground biomass in a matter of seconds, whereas slow pyrolysis can bake large particles for a longer period, resulting in improved carbon sequestration.

 

  • The health & beauty products segment is witnessing significant CAGR growth over the forecast period.

Based on application, the United States biochar market is segmented into agriculture, animal feed, health & beauty products. Among these, the health & beauty products segment is witnessing significant CAGR growth over the forecast period. Biochar is a popular replacement for microbeads, which are used as exfoliants in nail polishes and soaps. This, combined with the growing preference for natural ingredients in health and beauty products, is expected to drive product demand. The product's adsorption property is primarily driving its use in cosmetic formulations. Furthermore, odor control is another major application area that has received a lot of consumer interest, which can be attributed to changing consumer needs and preferences.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States biochar market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Black Owl U.S. Biochar
  • Karr Group
  • Aries Clean Technologies
  • Pacific U.S. Biochar Benefit Corporation
  • Advance Renewable Technology International (ARTI)
  • Soil Reef LLC
  • Avello Bioenergy
  • Oregon U.S. Biochar Solutions
  • New England U.S. Biochar
  • Chargrow USA LLC
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In July 2023, A partnership of Canadian and French companies, Airex Energy, Groupe Rémabec, and SUEZ, announced plans to invest $58.3 million in the construction of North America's largest biochar production facility.

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the South Korean Trade Finance Market based on the below-mentioned segments:

 

United States Biochar Market, By Technology

  • Pyrolysis
  • Gasification

 

United States Biochar Market, By Application

  • Agriculture
  • Animal Feed
  • Health & Beauty Products

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