Dublin, November 26, 2021 (Global News Agency) – “U.S. biochar market size, technology sharing and trend analysis report (pyrolysis, gasification), application (agriculture, animal feed, health and beauty products), by state, and segment forecast, 2021-2028” Report has been added to ResearchAndMarkets.com supply.
By 2028, the US biochar market is expected to reach USD 433.4 million. From 2021 to 2028, the market is expected to grow at a compound annual growth rate of 16.8%. This market is mainly driven by the growing demand for biochar from agricultural applications because it can maintain soil stability and water retention for a long time due to its high carbon content, thereby increasing the productivity of crops, organic chemicals and other major applications.
The US biochar market is still in its infancy. This product is expected to be of great significance in improving agricultural productivity and crop yields in the near future. In addition, because organic food can improve soil fertility and plant growth, American consumers’ awareness of the benefits of organic food continues to increase, which is expected to drive product demand.
Since biochar can provide essential nutrients for the health of livestock, it is expected that the penetration rate of biochar in animal husbandry will increase. Increasing meat intake in North America helps expand livestock and poultry farming, thereby driving demand.
This market is characterized by the presence of small and medium-sized producers with a desire for regional expansion. Due to the increasing demand for organic food, this situation is expected to change during the forecast period…