Global Horticulture Peat Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Horticulture Peat Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Peat is the accumulation of a large number of insufficiently decomposed plant residues. After thousands of years of accumulation, it forms the soil of the peat layer in the natural swamp. Horticulture peat products are mainly used as soil improvers or ingredients in potting soil. They are light, loose, breathable, and permeable, strong in water and fertilizer retention, conducive to microbial activities, enhanced biological performance, rich in nutrients, and free of disease spores and insect eggs. Horticulture peat products are not only a cultivation substrate but also a good soil conditioner.

Market Overview:

The latest research study on the global Horticulture Peat Products market finds that the global Horticulture Peat Products market reached a value of USD 1304.81 million in 2022. It’s expected that the market will achieve USD 1558.91 million by 2028, exhibiting a CAGR of 3.01% during the forecast period.

Influence of COVID-19 Outbreak on Horticulture Peat

Products Industry Development
The COVID-19 epidemic in 2020 is the most serious public health emergency faced by human society. The rapid spread of the epidemic, the wide range of infections, and the difficulty of prevention and control have brought severe challenges to all countries in the world. The product industry has had a major impact.
The application and promotion of Horticulture Peat Products are inseparable from global supply chain support. The logistics chain, information flow chain, and capital flow chain of Horticulture Peat Products are all in line with international standards. Peat suppliers, substrate manufacturers, logistics providers, and various stakeholders and links such as warehousing, distribution, channels, and terminal consumption have a set of smooth operations. mechanism. As the COVID-19 epidemic spreads around the world, the prevention and control measures for ports, ports, ships, and flights have been continuously strengthened, the cargo throughput of ports has been greatly reduced, and the cost of shipping has risen sharply, which has had a direct impact on the introduction and promotion of global Horticulture Peat Products. Moreover, as people stay at home and want to do more gardening during the COVID-19 pandemic, this has had a certain positive impact on the Horticulture Peat Products industry.

Excellent quality characteristics of Horticulture Peat products are an important factor driving its market growth

Horticulture Peat products have the best quality characteristics and are the most commonly used substrate in seedbeds, greenhouse pots, or nursery soils. The horticultural industry is the largest and most important consumer of peat, which is mixed with the ground to achieve an acidic pH when growing species such as blueberries and rhododendrons that thrive in acidic soils. Peat moss helps neutralize alkaline soils by lowering the overall pH, driving the global Horticulture Peat products market.
In addition, Horticulture Peat products are mixed with sand to prevent them from draining too quickly. Known for its excellent water retention, peat improves soil buffering capacity and minimizes nutrient loss from fertilizers. Peat loosens clay and increases porosity, making it the preferred ingredient for potting soil. Hence, the aforementioned factors are expected to boost the Horticulture Peat products market.

Peat mining to increase carbon emissions is expected to restrain Horticulture Peat products market growth

As with energy peat, Horticulture Peat product extraction requires drainage of the peatland to accommodate machinery and facilitate drying of the peat before extraction. This increases carbon dioxide emissions and reduces methane outflow. While Horticulture Peat is not consumed immediately, it breaks down over time.
Canada has conducted the first life-cycle analysis of greenhouse gas emissions from Horticulture Peat extraction, according to data released by the International Peatland Society (IPS). Decomposition of peat in growing media accounts for more than 70% of greenhouse gas emissions from Horticulture Peat. The remaining emissions come from transport (10%), processing (4%), and land use change (15%). Although the use of peat in growth media may increase the productivity of those plants used for growth, resulting in some increase in C storage, this is temporary and short-lived and has not been quantified or included in life-cycle analyses, to date. Furthermore, peat is a non-renewable resource as it takes thousands of years to form. Its cost per square foot is much higher than conventional soil, which is expected to hamper the future market growth of Horticulture Peat products.

Region Overview:

In 2022, the share of the Horticulture Peat Products market in Europe stood at 38.90%.

Company Overview:

Sun Gro is one of the major players operating in the Horticulture Peat Products market, holding a share of 24.92% in 2023.

Sun Gro

Sun Gro is a gardening service provider. The company manufactures and distributes peat and bark planting mixes to professional plant growers in the United States and Canada. It sells to greenhouses, nurseries, farmers and golf course developers.

Lambert Peat Moss

Family-owned Lambert Peat Moss has long been recognized as a leader in the peat moss industry and steward of the environment. Lambert offers a large selection of professional and retail planting mixes, as well as premium Canadian peat moss selected for specific uses and productions..

Segmentation Overview:

By type, Natural Peat segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Offline Sales segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Horticulture Peat Products market covered in Chapter 3:

Bulrush Horticultural Ltd
Evergreen Horticulture
Glendoick
Bourne Amenity
HORTIMED
Lambert Peat Moss
Sun Gro
HAWITA

In Chapter 4 and Chapter 14.2, on the basis of types, the Horticulture Peat Products market from 2018 to 2029 is primarily split into:

Natural Peat
Synthesis Peat

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Horticulture Peat Products market from 2018 to 2029 covers:

Online Sales
Offline Sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)