Biochar Market in U.S. Likely to Register 19.0% CAGR, Driven by Rising Demand for Enhancing Soil Fertility
The
U.S. Biochar Market is poised for a phenomenal growth between 2014
and 2020. In its 81 pages, the report titled “Biochar Market - U.S.
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 -
2020” describes the present market dynamics and future prospects
for the biochar market in the U.S. Based on exhaustive research, the
report predicts an outstanding compound annual growth rate of 19.0%
for the U.S. biochar market during the forecast period. The biochar
market in the U.S., which was worth US$1.45 billion in 2013, is
expected to reach US$4.94 billion by the end of 2020. On account of
volume, the market in 2013 stood at 2,187.58 tons and is projected to
reach 10,000 tons by 2020, growing at a magnificent 24.3% CAGR during
the forecast period.
Browse
Biochar Market Report with Full TOC at
http://www.transparencymarketresearch.com/us-biochar-market.html
Biochar
is a type of charcoal used for the purpose of soil amendment. It is a
byproduct obtained from biomass pyrolysis. Biochar’s inherent
benefits of enhancing the soil fertility while providing natural
carbon sequestration, have greatly contributed to its high demand
from the U.S. It also helps in retaining the carbon already present
in the soil, thereby significantly improving the soil quality. Owing
to the high cost of biochar, it is usually sold in the form of
low-cost biochar fertilizers and is targeted at gardening and
household applications, as highlighted in the report.
The
report identifies great scope of growth for the biochar market in the
U.S., which is still at a nascent stage. There is limited awareness
among consumers, which enhances the opportunity for vendors to plan
their marketing efforts accordingly and disseminate awareness about
the benefits of biochar. According to the report, the rising
awareness and decreasing cost of production will give a significant
impetus to the market for biochar in the U.S. Biochar is inherently
capable of acting as a carbon sink. Its ability to sequester carbon
has emerged as a major factor driving the biochar market in the U.S.
Experts predict biochars can be used for many other applications,
which are yet to be explored. The lack of concrete knowledge in terms
of the other possible uses of biochar means that accumulating funds
for financing research activities has emerged as a major challenge in
front of the market.
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Biochar
is available in the market in pure form and engineered biochar mixes
that are designed to fulfill the need of gardeners and other
small-scale users. However, the report identifies a second set of
manufacturers in the market, who produce biochar in small quantities
for their personal use. In the last couple of years, the U.S. market
has adopted biochar as an organic product that enhances soil
fertility, thereby giving a boost to the biochar market. Many new
companies have started manufacture around the same time with the
objective of exploiting the first mover advantage.
In
order to evaluate the competitive landscape of the market, the report
profiles leading companies such as Agri-Tech Producers LLC, Full
Circle Biochar, Biochar Supreme LLC, The Biochar Company, and Cool
Planet Energy Systems Inc. Other companies profiled by the report
includes BioChar Products, Phoenix Energy, New England Biochar,
CharGrow LLC, Tolero Energy LLC, Genesis Industries LLC, Vega
Biofuels Inc., and Hawaii Biochar Products.
Browse
Press Release Of Biochar Market
http://www.transparencymarketresearch.com/pressrelease/us-biochar-market.htm
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