Global Peat Market Growth 2023-2029

Global Peat Market Growth 2023-2029

Peat is a dark fibrous material created when 'decomposition fails to keep pace with the production of organic matter'. Although peat is created under specific conditions (waterlogging, lack of oxygen or nutrients, high acidity or low temperatures), peat can be found in many types of wetlands. Marshes, swamps, floodplains and coastal wetlands may contain peat.

Peat is soft and easily compressed. Under pressure, water in the peat is forced out. Upon drying, peat can be used as fuel. It has industrial importance as a fuel in some countries, such as Ireland and Finland, where it is harvested on an industrial scale. In many countries, including Ireland and Scotland, where trees are often scarce, peat is traditionally used for cooking and domestic heating. Stacks of drying peat dug from the bogs can still be seen in some rural areas. Peat's insulating properties make it of use to industry.

LPI (LP Information)' newest research report, the “Peat Industry Forecast” looks at past sales and reviews total world Peat sales in 2022, providing a comprehensive analysis by region and market sector of projected Peat sales for 2023 through 2029. With Peat sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Peat industry.

This Insight Report provides a comprehensive analysis of the global Peat landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Peat portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Peat market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Peat and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Peat.

The global Peat market size is projected to grow from US$ 891.7 million in 2022 to US$ 1089.6 million in 2029; it is expected to grow at a CAGR of 1089.6 from 2023 to 2029.

In the market Klasmann-Deilmann GmbH, Vapo Oy, Jiffy Products, Premier Tech, Sun Gro Horticulture, Lambert, Bord na Mona PLC, Rėkyva, Coco Green, Dutch Plantin, and Turveruukki Oy are the market leader, with about 55% market shares. Vapo Oy is the larget palyer with 19% market shares and its major market is in Europe.

This report presents a comprehensive overview, market shares, and growth opportunities of Peat market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Sod Peat

Coco Peat

Others

Segmentation by application

Agriculture and Horticulture

Energy

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Klasmann-Deilmann GmbH

Vapo Oy

Jiffy Products

Premier Tech

Sun Gro Horticulture

Lambert

Bord na Mona PLC

Rėkyva

Coco Green

Dutch Plantin

SMS Exports

Turveruukki Oy

Key Questions Addressed in this Report

What is the 10-year outlook for the global Peat market?

What factors are driving Peat market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Peat market opportunities vary by end market size?

How does Peat break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.