North America Enriched Biochar Market Size & Outlook
North America enriched biochar market, 2018-2030 (US$M)
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North America enriched biochar market highlights
- The North America enriched biochar market generated a revenue of USD 11.7 million in 2022.
- The market is expected to grow at a CAGR of 8.5% from 2023 to 2030.
- In terms of segment, agriculture was the largest revenue generating application in 2022.
- Agriculture is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 11.7 million |
| Market revenue in 2030 | USD 22.5 million |
| Growth rate | 8.5% (CAGR from 2022 to 2030) |
| Largest segment | Agriculture |
| Fastest growing segment | Agriculture |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Agriculture, Gardening, Turfs, Other Applications |
| Key market players worldwide | Carbon Gold, CharGrow, SymSoil, Inc., bio365, Engrow |
Other key industry trends
- In terms of revenue, North America region accounted for 30.3% of the global enriched biochar market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 32.7 million by 2030.
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Enriched Biochar Market Scope
Enriched Biochar Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America enriched biochar market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to enriched biochar market will help companies and investors design strategic landscapes.
Agriculture was the largest segment with a revenue share of 66.67% in 2022. Horizon Databook has segmented the North America enriched biochar market based on agriculture, gardening, turfs, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
North America is a crucial region for the global fertilizer industry, aided by a large population with high per capita incomes, large swathes of agricultural lands, and the presence of large economies led by the U.S. It alone had around 2 million farms spanning 893 million acres of agricultural land in 2022.
Mexico and Canada follow with an agricultural land area of 150 million acres and 153 million acres, respectively. The usage of organic fertilizers is a rising trend in North America which can be attributed to increasing awareness of environmental sustainability and health concerns.
Organic fertilizers are derived from either animals or plants using raw materials such as crop straws, sludge, microorganisms, cattle manure, and others. The rising demand for organic food has acted as a major driver for the consumption of organic fertilizers.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America enriched biochar market , including forecasts for subscribers. This continent databook contains high-level insights into North America enriched biochar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America enriched biochar market size, by country, 2018-2030 (US$M)
North America Enriched Biochar Market Outlook Share, 2022 & 2030 (US$M)
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