U.S. Biochar Market: Rising Awareness Regarding Diverse Benefits to Accelerate Growth, states TMR

The U.S. biochar market is extremely fragmented in nature with no specific leading player, finds Transparency Market Research (TMR). Some of the leading players operating in the market are Cool Planet Energy Systems Inc., Biochar Supreme LLC, Full Circle Biochar, Agri-Tech Producers LLC, and The Biochar Company. These players are emphasizing on innovations and technological advancements in order to expand their product portfolio and create a brand name. In addition, key players are making remarkable efforts to create awareness among consumers, which will help in driving the demand for biochar products in the near future.

According to the research study, the U.S. biochar market is estimated to reach a value of US$4.9 mn by the end of 2020.

Gardening Segment to Witness Robust Growth in Coming Years

Among the key application segments, the gardening segment is projected to lead the U.S. biochar market throughout the forecast period, states a TMR analyst. By the end of 2020, this segment is estimated to account for a share of 53.9% in the overall market. The high growth of this segment can be attributed to the rising awareness among consumers regarding the benefits of biochar for gardening purposes.

On the other hand, the agriculture segment is expected to witness significant growth in the coming years. This segment is projected to account for a 35.3% share in the U.S. biochar market by 2020, thanks to the advent of government initiatives to push farmers to use biochar products to enhance agricultural productivity.

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Government Support and Initiatives to Encourage Growth

The carbon sequestration property offered by biochar has several environmental benefits, which is one of the key factors expected to boost the demand for biochar products throughout the forecast period, says a TMR analyst. In addition, the improved soil fertility and promising food security due to the use of biochar is anticipated to augment the overall market in the coming years. The application of biochar in resolving waste management concerns is estimated to contribute significantly towards the development of the biochar market in the U.S.

Furthermore, government organizations and key players are introducing several programs to encourage the use of biochar, thus fuelling the growth of the market. The availability of cheaper feedstock is also expected to accelerate the market growth.

Technological Uncertainties to Restrict Growth of U.S. Biochar Market

The lack of consumer awareness about the biochar benefits is the primary factor restricting the growth of the biochar market in the U.S. Moreover, technological uncertainty is expected to hamper scaled agricultural uses and production capacity. Financial constraints are also projected to curtail the growth of the overall market in the next few years.

Nevertheless, the emergence of carbon credits on the usage of biochar is estimated to offer potential growth opportunities for players operating in the U.S. biochar market. The advent of large-scale gasification projects in this region is another factor augmenting the growth of the market.

The U.S. biochar market has been segmented as follows:

U.S. Biochar Market, by Application

• Gardening
• Agriculture (Large Farms)
• Household

Strict CO2 Emission Regulations and Increased Usage in Energy Production to Boost Consumption of Biochar in U.S.

With many untapped application areas and the rising awareness about the several benefits, demand for biochar in the U.S market will exhibit an impressive double-digit growth through 2014-2020, points out Transparency Market Research. The U.S. biochar market is expected to exhibit a 19.0% CAGR and rise from a valuation of US$1.4 mn in 2013 to US$4.9 mn by 2020. Volume-wise, the market is projected to exhibit a 24.3% CAGR over the same period. As a result, the market, which totaled 2.2 kilo tons in 2013, is expected to rise to 10.0 kilo tons by 2020.

Biochar is a valuable soil enhancer that can be used to hold carbon and improve fertility of arable soil. With large-scale usage, it can aid in significant reduction of carbon emission from natural as well as industrial sources. Biochar can also be used for enhancing the quality of water as it can absorb agrochemicals and soil nutrients that otherwise get mixed with usable water and render it polluted. Biochar can also be used as a fuel.

The excellent growth prospects of biochar are majorly supported by its desired use as a carbon sink owing to its carbon sequestration ability. Use of biochar as a way to reduce carbon levels on the environment makes for one of the most common applications of the material and is expected to provide a huge boost to the U.S. biochar market over the coming years. Exploring the uses of biochar in the fields of wastewater management and energy production is one of the most lucrative business opportunities in the U.S. biochar market. However, presently the research and development in these sectors is restricted to government financing and will require persistent efforts from biochar companies in making the most of the untapped opportunities.

The U.S. market for biochar is restrained majorly by the lack of consumer awareness regarding the effectiveness of biochar and the high production costs of biochar. These challenges can be resolved through strategies aimed at making general consumers more aware of the several benefits of the material and the entry of new companies in the marketplace. A larger competitive landscape will help the U.S. biochar market develop healthy competition, boost innovation in terms of production techniques, and bring down production prices.

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Some of the most influential vendors in the U.S. biochar market are Vega Biofuels, Three Dimensional Timberlands, LLC, Hawaii Biochar Products, LLC, Victory Gasworks, Inc., BioChar Products, Tolero Energy, LLC, New England Biochar, LLC, Phoenix Energy, Genesis Industries, LLC, and CharGrow, LLC. The market is led by companies such as Cool Planet Energy Systems, Inc., Full Circle Biochar, The Biochar Company, Biochar Supreme, LLC, and Agri-Tech Producers.

The review of the U.S. biochar market is based on a recent market research report published by Transparency Market Research. The report is titled “Biochar Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” and is available on the company’s website for sale.

The market has been segmented as follows:

U.S. Biochar Market: Application Segment

• Gardening
• Agriculture (large farms)
• Household

U.S. Biochar Market to Reach US$4.9 mn by 2020 due to Rising Consumer Awareness and Cost Reduction

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.”

Biochar is generated from biomass. It is created through a process known as carbonization and is usually sold as a solid material. The main purpose of biochar is to improve the fertility of arable soil and also to cut down on carbon emissions. This is done with the help of biochar through a process known as carbon sequestration. Large-scale use of biochar can successfully reduce carbon emissions from both natural and industrial sources. Biochar can also be used to enhance the quality of water by absorbing soil nutrients and agrochemicals that would otherwise mix with usable water and add to water pollution. Additionally, biochar can also be used to generate fuel.

In terms of volume, the U.S. biochar market is exhibiting a CAGR of 24.30% between 2014 and 2020. This market totaled 2.2 kilo tons in 2013 and is expected to rise to 10.0 kilo tons by the end of the report’s forecast period.

The report segments the U.S. biochar market in terms of application into household, agriculture (large farms), and gardening.

The current growth rate of the U.S. biochar market is supported largely by its use as a carbon sink as a result of carbon sequestration. Biochar is mostly used to reduce the carbon levels in the environment. However, other areas of use have not been explored yet, including energy production and wastewater management. The rising demand for these utility segments is expected to provide a significant boost to the U.S. biochar market’s growth rate in the future. For now, these areas of use are restricted to government financing with respect to research and development efforts.

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The report further states that the future of the U.S. biochar market will be dependent on the establishment of biochar as a major or even primary soil enhancer and wastewater treatment method. The benefits of biochar are proven and can be explored even further.

Two of the biggest restraints that currently affect the U.S. biochar market are the extremely low awareness among consumers about the use of biochar and the high costs associated with the production of biochar. This can be resolved through sequentially introducing general consumers to biochar and its benefits, along with the influx of new players. A larger competitive landscape will help promote healthy competition, giving rise to lower costs and innovativeness in production techniques.

The prominent players in the U.S. biochar market include Victory Gasworks, Vega Biofuels, Inc., Tolero Energy, LLC, Three Dimensional Timberlands, LLC, Phoenix Energy, New England Biochar, LLC, Hawaii Biochar Products, LLC, Genesis Industries, LLC, CharGrow, LLC, and BioChar Products. At the same time, the U.S. biochar market is led by companies such as Full Circle Biochar, Agri-Tech Producers, The Biochar Company, Cool Planet Energy Systems, Inc., and Biochar Supreme, LLC.

Key segments of the U.S. Biochar Market

U.S. Biochar Market: Application Segment

• Gardening
• Agriculture (large farms)
• Household

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