Peat Market is driven by a rapidly evolving horticulture and gardening industry with a healthy CAGR of 4.57% during the forecast period of 2022 to 2030
Research Reports
Jun 26, 2023
Market Research Future Insights
According to MRFR analysis, the Peat Market is expected to register a CAGR of~4.57% from 2022to 2030 and hold a value of over USD 5.34 billion by 2030.
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A peat market refers to a marketplace where peat, a type of organic matter formed by the partial decomposition of vegetation in waterlogged conditions, is bought and sold. Peat has various uses, including as a fuel source, a horticultural product, and a component of soil. The peat market can include both the physical trading of peat products, such as bales of compressed peat or bags of loose peat, as well as the trading of peat futures and other financial instruments related to the peat industry.
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One of the main challenges for the peat market during the pandemic has been the disruption of global supply chains. Restrictions on international trade, border closures, and reduced air and sea freight capacity have made it more difficult for peat producers to export their products to customers in other countries. This has led to reduced demand and lower prices for some peat products.
Regional Analysis
Europe is considered to be the largest market for peat products. The countries of northern Europe, including Finland, Sweden, and Ireland, are major producers and exporters of peat products, and the peat industry is an important part of their economies.
The largest region of the peat market varies depending on the type of peat product and the market segment. Peat is found in many regions of the world, and the market for peat products is highly regionalized due to factors such as transportation costs, availability of peat deposits, and local regulations.
Market Segmentation
The Peat Market has been segmented into type, material type and application.
Based on the type, the market has been segmented into Coco peat and Sod peat.
Based on the material type, the market has been segmented into fibric, hemic and sapric.
Based on the application, the market has been segmented into agriculture and fuel and energy.
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Key Players
Some of the key market players are:
- Vapo Group (Finland),
- Elva E.P.T. Ltd (Estonia),
- Peat Land Ukraine LLC (Ukraine),
- Stender AG (Germany),
- Oulun Energia OY (Finland),
- Globalcoirs (India),
- Bord na Mona (Ireland)
- Cocogreen (Sri Lanka)
- T & J Enterprises (India)
- Jiffy Products International B.V. (Norway)
- Lambert Peat Moss (Canada)
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