North America Granular Biochar Market Forecast to 2028 – COVID

North America Granular Biochar Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Wood Source Biochar, Corn and Wheat Source Biochar, and Others) and Application (Soil Conditioner, Fertilizer and Others)

Report Code : BMIRE00027414 | Region : North America | Industry : Chemicals and Materials | Published Date : 10/Nov/2022

The granular biochar market in North America is expected to grow from US$ 11,229.84 million in 2022 to US$ 21,130.56 million by 2028. It is estimated to grow at a CAGR of 11.1% from 2022 to 2028.

Rising Benefits of Granular Biochar

There has been a rising preference for granular biochar due to its various benefits. Granular biochar helps in solving various problems simultaneously. It plays an important role in sequestering carbon and mitigating climate change. Granular biochar production is a carbon-negative process, as it reduces CO2 in the atmosphere. The process by which granular biochar is produced helps sequester a billion tons of carbon annually and hold it in the soil for thousands of years, where it is most beneficial. The heat energy generated during the production of granular biochar can potentially be used as a replacement for fossil fuels. Granular biochar contributes to mitigating climate change by enriching the soils and, lowering the need for chemical fertilizers, lowering greenhouse gas emissions. Biochar also helps limit nitrous oxide (N20) and methane (CH4) emissions from agricultural soils. Nitrous oxide and methane are the greenhouse gases that contribute to climate change. Various benefits of granular biochar for the climate and agricultural systems make it a promising tool for regenerative agriculture. All these advanced benefits of granular biochar are mainly driving the market growth.

Market Overview

The granular biochar market in North America is growing due to increase in population and government subsidies, strong economies, robust food safety nets, and agricultural finance systems. With the increasing population in the region, the demand for fertilizers to boost crop productivity is increasing. Granular biochar is widely used in fertilizers to improve nutrient content and water holding capacity. Further, as per the reports of the US Department of Agriculture (USDA), North America is the highest-ranking region for food affordability. In 2020, the contribution of agriculture to the US gross domestic product (GDP) was more significant than 0.6% because agricultural sectors rely on agricultural inputs to contribute added value to the economy. With the increase in agricultural production in the region, the demand for granular biochar is increasing. Granular biochar is also beneficial in improving environmental sustainability. North America promotes the practice of balancing the growth of the agricultural sector with other sectors of the economy. The growth of the agriculture industry in the region is achieved by using organic fertilizer and granular biochar produced by pyrolysis or thermal decomposition of organic matter in an oxygen-starved chamber. When compared to other synthetic fertilizers, awareness about the benefits of biochar is very high. Further, the increasing knowledge among the farming community about the benefits of products such as granular biochar helps in maintain soil fertility, acidity and nutrient value content will drive the demand for granular biochar in North America.

North America Granular Biochar Market Revenue and Forecast to 2028 (US$ Million)

North America Granular Biochar Market Segmentation

The North America granular biochar market is segmented into product type, application, and country. Based on product type, the market is segmented into wood source biochar, corn and wheat source biochar, and others. The corn and wheat source biochar segment registered the largest market share in 2022.

Based on application, the North America granular biochar market is segmented into soil conditioner, fertilizer, and others. The fertilizer segment registered the largest market share in 2022. Based on country, the market is segmented into US, Canada, and Mexico. US dominated the market share in 2022. Advanced Renewable Technology International; Airex Énergie Inc.; American BioChar Company; BioChar6; CharGrow USA LLC; Oregon Biochar Solutions; and Pyreg GmbH are the leading companies operating in the granular biochar market in the region.

At 11.1% CAGR, the North America Granular Biochar Market is speculated to be worth US$ 21,130.56 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America granular biochar market was valued at US$ 11,229.84 million in 2022 and is expected to reach US$ 21,130.56 million by 2028, registering an annual growth rate of 11.1% from 2022 to 2028. increasing use of granular biochar in agriculture and rising benefits of granular biochar are the critical factors attributed to the market expansion.

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 its 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 its 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. Granular biochar 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. Hence, the increasing use of granular biochar in agriculture mainly drives the growth of the granular biochar market.

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

Based on product type, the North America granular biochar market is segmented into wood source biochar, corn and wheat source biochar, and others. The corn and wheat source biochar segment held 49.5% market share in 2022, amassing US$ 5,555.61 million. It is projected to garner US$ 10,428.57 million by 2028 to expand at 11.1% CAGR during 2022–2028. Based on application, the North America granular biochar market is segmented into soil conditioner, fertilizer, and others. The fertilizer segment held 42.4% market share in 2022, amassing US$ 4,765.27 million. It is projected to garner US$ 8,944.98 million by 2028 to expand at 11.1% CAGR during 2022–2028. Based on country, the North America granular biochar market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 87.9% market share in 2022. It was assessed at US$ 14,497.40 million in 2022 and is likely to hit US$ 26,498.61 million by 2028, exhibiting a CAGR of 10.6% during the forecast period. Key players dominating the North America granular biochar market are Advanced Renewable Technology International; Airex Énergie Inc.; American BioChar Company; BioChar6; CharGrow USA LLC; Oregon Biochar Solutions; and Pyreg GmbH among others.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Granular Biochar Market, by Product Type

1.3.2 North America Granular Biochar Market, by Application

1.3.3 North America Granular Biochar Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

4. North America Granular Biochar Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Granular Biochar Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Use of Granular Biochar in Agriculture

5.1.2 Rising Benefits of Granular Biochar

5.2 Market Restrain

5.2.1 Presence of Contaminants in Granular Biochar

5.3 Market Opportunities

5.3.1 Increasing Focus on Organic Farming

5.4 Future Trends

5.4.1 Use of Granular Biochar in Water and Wastewater Treatment

5.5 Impact Analysis

6. Granular Biochar – North America Market Analysis

6.1 Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)

6.2 North America Granular Biochar Market –Volume and Forecast to 2028 (Tons)

7. North America Granular Biochar Market Analysis – By Product Type

7.1 Overview

7.2 North America Granular Biochar Market Breakdown, by Product Type, 2021 & 2028

7.2.1 Wood Source Biochar

7.2.2 Overview

7.2.3 Wood Source Biochar: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

7.3 Corn and Wheat Source Biochar

7.3.1 Overview

7.3.2 Corn and Wheat Source Biochar: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

7.4 Others

7.4.1 Overview

7.4.2 Others: North America Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

8. North America Granular Biochar Market Analysis – By Application

8.1 Overview

8.2 North America Granular Biochar Market Breakdown, by Applications, 2021 & 2028

8.3 Soil Conditioner

8.3.1 Overview

8.3.2 Soil Conditioner: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

8.4 Fertilizer

8.4.1 Overview

8.4.2 Fertilizer: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

8.5 Others

8.5.1 Overview

8.5.2 Others: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

9. North America Granular Biochar Market – Country Analysis

9.1 Overview

9.1.1 North America: Granular Biochar Market, by Key Country

9.1.1.1 US: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.1.1 US: Granular Biochar Market, by Product Type

9.1.1.1.2 US: Granular Biochar Market, by Application

9.1.1.2 Canada: Granular Biochar Market –Revenue and Forecast to 2028(US$ Thousand)

9.1.1.2.1 Canada: Granular Biochar Market, by Product Type

9.1.1.2.2 Canada: Granular Biochar Market, by Application

9.1.1.3 Mexico: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.3.1 Mexico: Granular Biochar Market, by Product Type

9.1.1.3.2 Mexico: Granular Biochar Market, by Application

10. Company Profile

10.1 CharGrow USA LLC

10.1.1 Key Facts

10.1.2 Business Description

10.1.3 Products and Services

10.1.4 Financial Overview

10.1.5 SWOT Analysis

10.1.6 Key Developments

10.2 Oregon Biochar Solutions

10.2.1 Key Facts

10.2.2 Business Description

10.2.3 Products and Services

10.2.4 Financial Overview

10.2.5 SWOT Analysis

10.2.6 Key Developments

10.3 Pyreg GmbH

10.3.1 Key Facts

10.3.2 Business Description

10.3.3 Products and Services

10.3.4 Financial Overview

10.3.5 SWOT Analysis

10.3.6 Key Developments

10.4 Airex Énergie Inc.

10.4.1 Key Facts

10.4.2 Business Description

10.4.3 Products and Services

10.4.4 Financial Overview

10.4.5 SWOT Analysis

10.4.6 Key Developments

10.5 BioChar6

10.5.1 Key Facts

10.5.2 Business Description

10.5.3 Products and Services

10.5.4 Financial Overview

10.5.5 SWOT Analysis

10.5.6 Key Developments

10.6 American BioChar Company

10.6.1 Key Facts

10.6.2 Business Description

10.6.3 Products and Services

10.6.4 Financial Overview

10.6.5 SWOT Analysis

10.6.6 Key Developments

10.7 Advanced Renewable Technology International

10.7.1 Key Facts

10.7.2 Business Description

10.7.3 Products and Services

10.7.4 Financial Overview

10.7.5 SWOT Analysis

10.7.6 Key Developments

11. Appendix

11.1 About The Insight Partners

11.2 Glossary of Terms

LIST OF TABLES.

Table 1. North America Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)

Table 2. North America Granular Biochar Market –Volume and Forecast to 2028 (Tons)

Table 3. North America Granular Biochar Market, by Country – Revenue and Forecast to 2028 (US$ Thousand)

Table 4. US Granular Biochar Market, by Product Type– Revenue and Forecast to 2028 (US$ Thousand)

Table 5. US: Granular Biochar Market, by Product Type – Volume and Forecast to 2028 (Tons)

Table 6. US Granular Biochar Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

Table 7. Canada Granular Biochar Market, by Product Type– Revenue and Forecast to 2028 (US$ Thousand)

Table 8. Canada: Granular Biochar Market, by Product Type – Volume and Forecast to 2028 (Tons)

Table 9. Canada Granular Biochar Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

Table 10. Mexico Granular Biochar Market, by Product Type– Revenue and Forecast to 2028 (US$ Thousand)

Table 11. Mexico Granular Biochar Market, by Product Type– Volume and Forecast to 2028 (Tons)

Table 12. Mexico Granular Biochar Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

Table 13. Glossary of Terms, North America Granular Biochar Market

LIST OF FIGURES.

Figure 1. North America Granular Biochar Market Segmentation

Figure 2. North America Granular Biochar Market Segmentation – By Country

Figure 3. North America Granular Biochar Market Overview

Figure 4. North America Granular Biochar Market, By Product Type

Figure 5. North America Granular Biochar Market, by Country

Figure 6. Porter's Five Forces Analysis

Figure 7. Granular Biochar Market - Ecosystem

Figure 8. Expert Opinion

Figure 9. North America Granular Biochar Market Impact Analysis of Drivers and Restraints

Figure 10. North America Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 11. North America Granular Biochar Market – Volume and Forecast to 2028 (Tons)

Figure 12. North America Granular Biochar Market Breakdown, by Product Type, 2021 & 2028

Figure 13. North America Wood Source Biochar: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 14. North America Corn and Wheat Source Biochar: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 15. North America Others: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 16. North America Granular Biochar Market Breakdown, by Applications, 2021 & 2028

Figure 17. North America Soil Conditioner: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 18. North America Fertilizer: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 19. North America Others: Granular Biochar Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 20. North America: Granular Biochar Market Revenue Share, by Key Country (2021 and 2028)

Figure 21. US: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 22. US: Granular Biochar Market –Volume and Forecast to 2028 (US$ Thousand)

Figure 23. Canada: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 24. Canada: Granular Biochar Market –Volume and Forecast to 2028 (Tons)

Figure 25. Total Agricultural Sector Local Production (US$ Million)

Figure 26. Mexico: Granular Biochar Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 27. Mexico: Granular Biochar Market–Volume and Forecast to 2028 (Tons)

The List of Companies - North America Granular Biochar Market

● Advanced Renewable Technology International

● Airex Énergie Inc.

● American BioChar Company

● BioChar6

● CharGrow USA LLC

● Oregon Biochar Solutions

● Pyreg GmbH

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America granular biochar market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America granular biochar market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the granular biochar market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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