U.S. Biochar Market Size, Share, Growth Analysis, By Technology(Pyrolysis, Gasification and Other), By Application(Agriculture, Animal Feed, Health & Beauty Products and Others), By Region - Industry Forecast 2024-2031

U.S. Biochar Market size was valued at USD 146.35 million in 2022 and is poised to grow from USD 170.94 million in 2023 to USD 592.08 million by 2031, growing at a CAGR of 16.80% during the forecast period (2024-2031).

Biochar is produced by the oxygen-free thermal degradation of biomass. It is a solid, porous material that is created when biomass is carbonised. It is being used more and more in a variety of settings, including household, agricultural (big farms), research, and gardening. The primary market participants are concentrating on raising biochar production for use in agricultural fields to boost soil productivity. By boosting crop output, biochar greatly increases soil fertility.

The regular application of fertilisers to promote crop yield may make the soil more acidic. To neutralise the soil, this necessitates the employment of carbon-based chemicals. This aspect is thought to be a significant market growth driver for biochar in the United States. This is due to increased demand for the product to improve crop yields, which has resulted in increased fertilizer use in the agricultural sector, resulting in increased acidity levels in the soil. Carbon-based additives such as compost and the product are becoming popular for neutralising these soils. The product is a commercial item that is primarily used in the livestock and animal feed industries. Thermal decomposition of plant-based biomass is a common source of it.

While wood is the primary raw material used in the production of biochar, woody debris, organic wastes, and manure litter are also used. In the United States, the product is in the introduction stage of its lifecycle. With the proliferation of substitutes for conventional inorganic soil amendment products and the rise of new farming systems, some farmers are attempting to become aware of various organic matters, including biochar, and their benefits. The U.S. government is also working to promote the product's use in agriculture.

U.S. Biochar Market is poised to grow at a sustainable CAGR for the next forecast year.