The North America biochar market is expected to hold the highest share by the end of the forecast period of 2018-2026 by exhibiting a CAGR of 13.61%.This region has undertaken numerous biochar initiatives, such as the USBI, which are focused on increasing the awareness of the benefits of biochar in agriculture, forestry and residential waste management.
The market is mainly segmented on the basis of feedstock, application, and technology. U.S and Canada are significant markets in this region.The ample availability of cheap and wide variety of feedstock combined with the increasing usage of biochar in carbon sequestration process can be majorly attributed to the market boom. However, the lack of incentives and tax rebates and the significant loss of biochar during applications and transportations are proving to be a challenge for the market.
Companies like Agri-Tech Producers LLC, Diacarbon Energy Inc, Biochar Now, Biochar Supreme, Avello Bioenergy, Pacific Biochar Vega Biofuels Inc and Tolero Energy are dealing in the Biochar market.