Know More About “U.S. Biochar Market 2020-2027” Growth Worldwide…..|Grand View RPosted by Mrudula Anil Karmarkar on March 12th, 2021 The U.S. biochar market size is projected to reach USD 382.8 million by 2027, registering a revenue-based CAGR of 18.6% over the forecast period, according to a new report by Grand View Research, Inc. The increasing demand for organic food in the country is anticipated to drive the growth over the forecast period. The current pandemic situation has created disruption in the manufacturing of agrochemicals by virtue of raw material availability. Furthermore, this continual trend shall have a cascading effect on food productivity and crop yields on economies that are predominantly agrarian, during a time when demand for Agri produce shall register a spike over the medium term. Governments across the developing world are vying to incrementally ease restrictions on the manufacturing of fertilizers and maintain seasonal agricultural activities in order to reduce concerns regarding food security, which is a critical indicator for determining the course of a supply gap in the industry. The report will account for Covid19 as a key market contributor. Biochar is a carbon-rich, stable form of charcoal, derived from natural resources. It is thus a suitable choice in organic farming practices as it helps in increasing carbon content of the soil and is responsible for enhancing microbial activity, which further results in augmenting crop productivity. Nitrogen is one of the vital elements required for crop growth. Organic farming products, especially fertilizers often have a low nitrogen content, which can be overcome by adding biochar to the soil. In addition, increasing demand for organic dairy, eggs, and other livestock-based products is expected to boost the consumption of biochar in animal feed. Organic dairy farming is gaining popularity in U.S. with focus on producing animal (cattle, poultry, etc.) feed without the use of pesticides and other harmful chemicals. Increased population density and human activities such as rise in infrastructure and industrial development have led to the degradation of soil. Some of the major causes of declined soil quality are deforestation, overgrazing, industrialization, increased agricultural activities, and natural calamities. These factors have generated the need for soil remediation, especially for agricultural purposes as crop production requires appropriate amount of water content and nutrients. Further key findings from the report suggest:
Biochar is considered as one of the most effective and safe products for soil remediation. The product improves nutrient absorption of plants and water retaining capacity of the soil. The presence of carbon holds the water, thereby preventing the crops during draught situations. On the contrary, it strengthens the roots by promoting its growth deep in the soil, hence, preventing the farms from washing off in extreme flood situations. In addition, it helps remove toxic elements and sand pollutants from the soil. The two commonly used technologies for the production of biochar are pyrolysis and gasification. The gasification process involves high investment costs, which generates financial barriers and technological constraints, thereby hindering the U.S. biochar market growth. Thus, manufacturers are increasingly focusing on developing new technologies to lower the production expenditure, improve the purity, and boost the production capacity of the product. In agriculture sector, the product is primarily used to enhance soil fertility, improve plant growth, and provide crop nutrition. It is responsible for improving crop yield and therefore, enhances overall productivity. Farmers are the most important customers in the market. Major application areas of agriculture include gardening, horticulture, field crops, landscaping, and turfs. End users majorly prefer dry biochar owing to its easy application to the soil. Other forms include blended and inoculated forms which are used for modifying soil texture, improving water management, and increasing the carbon content of the soil. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/450224/ibb The industry has exhibited a continuous growth in the development of high-quality and cost-effective technologies due to increased competition among the rival companies. In order to sustain in the competitive environment and capture more market share, research and innovation and pricing strategy of the product for consumers can play an important role for the manufacturers. Regional players are focusing on integrating themselves throughout the different stages of the value chain in order to increase their profit margin and reduce dependency on raw material suppliers. Industry participants are also establishing direct contact with local farmers to sell their products. The strategy shall help manufacturers to develop customer base and loyalty. Advance Renewable Technology International (ARTI), one of the leading biochar producers, is investing in R&D activities to gain awareness regarding the benefits of biochar. Grand View Research has segmented the U.S. biochar market on the basis of technology, application: U.S. Biochar Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
U.S. Biochar Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information:www.grandviewresearch.com Like it? Share it! More by this author |