At 11.4% CAGR, North America Granular Biochar Market is Projected to be Worth US$ 26.68 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the North America granular biochar market was valued at US$ 11.23 million in 2022 and is expected to reach US$ 26.68 million by 2030, registering a CAGR of 11.4% from 2022 to 2030. Increasing use of granular biochar in agriculture and rising awareness about the benefits of granular biochar are among the critical factors attributed to drive the North America granular biochar market growth.

Agriculture is one of the major areas of application for granular biochar. In recent years, the interest in using biochar in agriculture has been increasing due to the beneficial properties of this material. The application of granular biochar to temperate soil can improve a variety of soil health indicators. Soil health is the capacity of the soil to function as a living system to sustain biological productivity and maintain environmental quality. Granular biochar has the potential to retain soil nutrients such as ammonium, nitrate, and phosphorus, and this effect is most readily observed in light-textured soils. Granular biochar helps to improve soil fertility status and increase crop productivity. Further, soil degradation is a major concern in agriculture globally. Biochar is applied to degraded soils to enhance their quality and address this burgeoning problem. Granular biochar helps to improve soil quality by enhancing soil structure, increasing water retention and aggregation, decreasing acidity, improving porosity, regulating nitrogen leaching, and improving microbial properties. It is also found to be beneficial for composting. It helps reduce greenhouse gas emissions and prevents the loss of nutrients in the compost material. It also helps to reduce the compost's ammonia losses, bulk density, and odor. These associated benefits of granular biochar are bolstering its demand from the agriculture industry. In North America, various regional groups support the production and use of biochar in the agriculture industry. The California Biochar Association seeks to build a strong and cohesive state-wide voice advocating for the production and use of biochar in agriculture and other industries. Further, the mission of the Sonoma Biochar Initiative is to engage stakeholders in the advantages of biochar as a tool for climate policy and agricultural benefit. Furthermore, according to the United Nations, the global population is expected to rise by ~2 billion people in the next 30 years; it is expected to surge from 8 billion in 2022 to 9.7 billion by 2050. The population would further peak at ~10.4 billion in the mid-2080s. These stats have been alarming the agricultural sector about the subsequently increasing food demand. As a result, agriculturists across the world are focusing on modifying farming practices to obtain high yields from smaller cultivation areas. Hence, the need for fertilizers in farming, including granular biochar, increases with a major focus on crop protection and yield enhancement in the agricultural sector.

On the contrary, presence of contaminants in granular biochar hampers the growth of North America granular biochar.

Based on product type, the North America granular biochar is segmented into wood source biochar, corn & wheat source biochar, and others. The corn & wheat source biochar segment held 49.5% share of North America granular biochar in 2022, amassing US$ 5,555.61 thousand. It is projected to garner US$ 13,150.96 thousand by 2030 to register 11.4% CAGR during 2022–2030.

In terms of application, the North America granular biochar is segmented into soil conditioner, fertilizer, and others. The fertilizer segment held 42.4% share of North America granular biochar in 2022, amassing US$ 4,765.27 thousand. It is anticipated to garner US$ 11,280.07 thousand by 2030 to expand at 11.4% CAGR during 2022–2030.

By country, the North America granular biochar is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 87.4% share of North America granular biochar in 2022. It was assessed at US$ 9,817.31 thousand in 2022 and is likely to hit US$ 23,438.41 thousand by 2030, registering a CAGR of 11.5% during 2022–2030.

Key players operating in the North America granular biochar are Advanced Renewable Technology International Inc, CharGrow USA LLC, Airex Energy Inc, Oregon Biochar Solutions, American BioChar Co, and BioChar6, among others.

• In July 2023, Canada's first industrial biochar production plant, CARBONITY, will be established in Port-Cartier, Québec, with an initial production capacity of 10,000 tonnes per year. The plant, owned by CARBONITY, will employ 75 locals, and produce carbon-rich biochar from Groupe Rémabec's residual biomass. The facility will use Airex Energy's CarbonFX™ pyrolysis technology and SUEZ's expertise in organic waste transformation and valorization. The partnership aims to produce 350,000 tonnes of biochar by 2035.

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