Biochar Market in U.S. Faces Massive Fund Shortage


Posted April 13, 2015 by john55364

the U.S. Biochar Market was valued at USD 1.45 million in 2013 and is projected to reach USD 4.94 million by 2020, growing at a CAGR of 19.0% from 2014 to 2020.

 
The biochar market has been growing at a steady pace in the U.S. as small-scale gardeners are finding it to be the perfect product for various purposes. Biochar is essentially a type of charcoal that is used to enhance the quality of soil. It is a product of a process called pyrolysis of biomass and is especially encouraged by environmentalists, as it mitigates the negative impact of climate change on fertile soil. Biochar helps in trapping atmospheric carbon dioxide in a process called carbon sequestration and thus helps generate negative carbon dioxide emissions. Due to these incredibly useful properties, biochar can help in improving the fertility of acidic soils, enhance agricultural output, and protect the crops from soil-borne diseases. Biochar is also known to improve the quality of water by helping in the absorption of agrochemicals and soil nutrients.

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Some of the important factors driving the biochar market in U.S. are its capability of increasing soil fertility and in turn the increase in agricultural yield. Some of the other advantages of biochar are improvement in the water-holding capacity of roots, fertilizer capacity of roots, biological productivity of soil, and prevention of diseases due to pathogens present in the soil and bad soil quality.

Segmentation and Key Players in U.S. Biochar Market

The biochar market in the U.S. is segmented on the basis of applications such as gardening, agricultural activities in large farms, and household. Besides these, biochar can be applied to other areas such as waste water treatment and energy production. However, these remain unexplored domains for now, due to lack of funds to initiate biochar projects. The biochar market in the U.S. does face a huge restraint of poor financial backing for new projects.

The biochar market in the U.S. has a great opportunity to achieve unprecedented success if it invests wisely in research activities aiming to establish biochar as the number one product. The crucial dealmaker in this success story will be the location of pyrolysis facilities. Proximity to feedstock manufacturing areas would ensure less expenditure on production of biochar. The introduction of energy credits with regards to usage and manufacturing of biochar will further encourage the growth of the biochar market in the U.S. in the near future.

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The biochar market in the U.S. has manufacturers who provide biochar for both small- and large-scale users. The ones catering to small-scale users for the purpose of gardening engineer the product in an absolutely customized way.

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

Need for Biochar

The U.S. biochar market needs to make a more focused attempt at growing as the repercussions of carbon dioxide release in the atmosphere are leading to irreversible global warming. The excessive usage of fossil fuels is causing far more damage with emission of greenhouse gases. It is not only leading to decay of the air we breathe, but also decomposition of animals and plants. In order to fight global warming, it is now essential that we take a serious look at the use of biochar. According to analysts, using biochar will help in not just salvaging the biodiversity of the planet, but also enable agricultural activities in areas that have scarce organic resources by improving their fertility.

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Last Updated April 13, 2015