The report states that the United States’ biochar market stood at US$1.45 mn in 2013 and will have a CAGR of 19.0% between to 2014 and 2020, by which year it will rise to US$4.94 mn.
Albany, NY -- (SBWIRE) -- 11/06/2015 -- Market Research Reports Search Engine (MRRSE) now features a new report on the state of the biochar market in the United States. The report, titled 'Biochar Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014–2020,' serves as a comprehensive analytical resource for biochar companies wanting to strengthen their presence and venture into new markets. According to the report, the distinctive environmental benefits offered by biochar will provide an impetus to the market's growth. Biochar is being touted as a solution that could improve soil fertility several times over and potentially put food security concerns behind us. Furthermore, the usefulness of biochar in waste management systems will boost the consumption of biochar.
Browse Full Global Biochar Market Report with TOC: http://www.mrrse.com/us-biochar-market
The report also studies the U.S. biochar market in terms of volume, and finds that the market stood at 2,187.58 tons as of 2013. By 2020, market, in volume terms, will stand at 10,000 tons. This translates to a CAGR of 24.3% through the report's forecast period. Overall, the biochar industry in the U.S. is in the development phase with companies and research institutions still trying to produce low-cost biochar for novel applications.
Biochar as a tool for carbon sequestration and the possibility of obtaining carbon credits for its use could provide enormous opportunity for companies to make a profit from its use. However, public confidence in carbon offset schemes still isn't strong enough, making it imperative for policymakers to find ways to do so. Another restraint that the report identifies is that there is some degree of technological uncertainty associated with the large scale production of biochar.
For the purpose of this study, the U.S. biochar market is segmented on the basis of application type into: agriculture (large farms), gardening, and household. There are few other yet-unexplored applications of biochar, such as energy production and water treatment. The full potential of these applications can only be realized with more R&D initiatives, which in turn call for seed funding. Currently, the use of biochar remains particularly high in agriculture and gardening. Market analysts, however, expect biochar to constitute a key part of waste management techniques in the future.
Companies that have a foothold in the U.S. biochar market are: CharGrow, LLC, BioChar Products, Cool Planet Energy Systems, Inc., Genesis Industries, LLC, Full Circle Biochar, Three Dimensional Timberlands, LLC, and Vega Biofuels, Inc.
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