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The Peat Market size was estimated at USD 7.29 billion in 2022, USD 7.84 billion in 2023, and is expected to grow at a CAGR of 7.50% to reach USD 13.02 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Peat is an organic material consisting of decomposed plant matter formed in wetland environments over thousands of years, which is used as a fuel source and soil conditioner for agriculture and horticulture. Peat is present in many wetlands, such as marshes, swamps, and coastal wetlands. However, mires, which are intricate ecosystems that include highland bogs and fens, have exceptionally significant peat deposits. The demand for peat has been increasing owing to the surge in the need for renewable energy sources and the increasing focus on organic farming. However, concerns have been raised regarding the environmental impact of peat extraction, as it can damage fragile ecosystems and contribute to climate change. As a result, countries have banned or restricted the use of peat, and there is a growing trend toward using alternative sources of fuel and soil amendments. Furthermore, the R&D efforts in the peat market can help address environmental concerns, promote sustainability, and identify new opportunities for value creation. Collaboration between researchers, industry stakeholders, and policymakers is crucial for advancing knowledge and driving innovation in this field.
Regional Insights
The peat market in the Americas region is rapidly growing due to the abundant availability of peat reserves and increasing usage in agricultural and domestic material applications. Peat deposits can be found all over the world; however, they are particularly abundant in Russia, Ireland, Scotland, Finland, Estonia, Poland, Northern Germany, the Netherlands, Scandinavia, New Zealand, and North America, specifically Canada, Michigan, Minnesota, the Florida Everglades, and the Sacramento-San Joaquin River Delta in California. The countries, including Argentina, Canada, Chile, Peru, Brazil, and the United States, have significant peat reserves and production. Additionally, the advancements in the agricultural and horticulture sectors across Europe, the Middle East, and the African economies are driven by an increase in consumer shift toward cost-effective physical and chemical properties favorable for agricultural production. In Europe, the geographical location and climatic conditions favor maximum peat production. Rising demand for electricity generation due to the increase in population and expanding industries of water treatment by peat fuel the growth of the peat market in the Middle East & Africa. Increasing biofuels' popularity and focusing on developing bio-based peat products create profitable opportunities for market growth during the forecast period. The Asia-Pacific region observes a growing peat market attributed to the massive presence of peatlands with expanding utilization of peat in the end-user sectors. The surging utilization of peat in agricultural areas expands the demand for the market. The Asia-Pacific region relies on peat imports to fulfill the requirements of end-user sectors, creating lucrative opportunities to expand their geographical presence.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Peat Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Peat Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Peat Market, highlighting leading vendors and their innovative profiles. These include AB Rekyva, American Peat Technology, LLC, Annapolis Valley Peat Moss Co., AS Tootsi Turvas, BALT WOOD ENTERPRISE SIA, BASF SE, Beltwide Inc., Berger Peat Moss, Clover Peat, Dockers LLC, Dutch Plantin Coir India Pvt. Ltd., Elva E.P.T. Ltd., Ferment LLC, Global Peat Ltd., HAWITA Gruppe GmbH, Heng Huat Resources Group Berhad, HORTIMED SIA, Jiffy Group, klasmann-Deilmann GmbH, Knaap (Thailand) Co., Ltd., KRONE IMPULSE LLC, Kumaran Fibres, Lambert Peat Moss, Linkona, Mikskaar AS, Neova Oy, Northern Peat & Moss Ltd., PEAT BASED LLC, PEATFIELD, Premier Tech Ltd., Profile Products LLC, Rajahrani Impex Private Limited, SAB Syker Agrarberatungs- und Handels GmbH, Sai Cocopeat Export Private Limited, Sun Gro Horticulture, Theriault & Hachey Peat Moss Ltd., Tippland Horticulture, and UAB SOLVIKA.Market Segmentation & Coverage
This research report categorizes the Peat Market to forecast the revenues and analyze trends in each of the following sub-markets:- Material Type
- Fibric
- Hemic
- Sapric
- Type
- High Moor Peat
- Low Moor Peat
- Application
- Agriculture
- Domestic
- Fuel & Energy
- Medicine
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Peat Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Peat Market?
- What are the technology trends and regulatory frameworks in the Peat Market?
- What is the market share of the leading vendors in the Peat Market?
- Which modes and strategic moves are suitable for entering the Peat Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Peat Market, by Material Type
7. Peat Market, by Type
8. Peat Market, by Application
9. Americas Peat Market
10. Asia-Pacific Peat Market
11. Europe, Middle East & Africa Peat Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- AB Rėkyva
- American Peat Technology, LLC
- Annapolis Valley Peat Moss Co.
- AS Tootsi Turvas
- BALT WOOD ENTERPRISE SIA
- BASF SE
- Beltwide Inc.
- Berger Peat Moss
- Clover Peat
- Dockers LLC
- Dutch Plantin Coir India Pvt. Ltd.
- Elva E.P.T. Ltd.
- Ferment LLC
- Global Peat Ltd.
- HAWITA Gruppe GmbH
- Heng Huat Resources Group Berhad
- HORTIMED SIA
- Jiffy Group
- klasmann-Deilmann GmbH
- Knaap (Thailand) Co., Ltd.
- KRONE IMPULSE LLC
- Kumaran Fibres
- Lambert Peat Moss
- Linkona
- Mikskaar AS
- Neova Oy
- Northern Peat & Moss Ltd.
- PEAT BASED LLC
- PEATFIELD
- Premier Tech Ltd.
- Profile Products LLC
- Rajahrani Impex Private Limited
- SAB Syker Agrarberatungs- und Handels GmbH
- Sai Cocopeat Export Private Limited
- Sun Gro Horticulture
- Theriault & Hachey Peat Moss Ltd.
- Tippland Horticulture
- UAB SOLVIKA
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 7.84 Billion |
| Forecasted Market Value ( USD | $ 13.02 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 38 |
