According
to the report, the U.S. biochar market will rise at an impressive
19.0% CAGR between 2014 and 2020 for the market to be valued at
US$4.9 mn by the end of the forecast period. The valuation of the
market in 2013 was US$1.4 mn, says the report.
In-depth
research report on Biochar Market with Full TOC at :
http://www.transparencymarketresearch.com/us-biochar-market.html
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.
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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.
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.
The
U.S. Biochar Market has been segmented as below:
U.S.
Biochar Market: Application Segment
- Gardening
- Agriculture (Large Farms)
- Household
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