The Peat Market is expected to register a CAGR of 4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The peat market report is segmented by type (milled and cut/block). The market is segmented based on the product type ((coco peat, sod peat, and others). The market is segmented based on the application (agriculture, fuel and energy, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Peat Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Peat Market Segmentation
Type- Milled
- Cut/Block
- Coco peat
- Sod Peat
Strategic Insights
Peat Market Growth Drivers- Increasing Demand for Horticultural Use: Peat is widely used in horticulture for improving soil structure, water retention, and nutrient content. The growing global demand for organic and sustainable gardening practices is driving the peat market, particularly in landscaping, greenhouse gardening, and organic farming.
- Rising Interest in Peat as an Energy Source: Peat has gained attention as a renewable energy source, especially in countries like Finland and Ireland, where it is used for bioenergy. The market for peat is driven by its potential as a low-cost and carbon-neutral energy option for electricity generation and heating.
- Demand in Construction Industry: Peat is used as a natural material in construction for its insulating properties and lightweight nature. The rising demand for sustainable building materials and the growth of eco-friendly construction practices are pushing the peat market, particularly in areas seeking energy-efficient and environmentally conscious building solutions.
- Sustainability and Environmental Concerns: There is an increasing trend toward sustainable peat harvesting and the promotion of alternatives due to environmental concerns, such as peat bog degradation and carbon emissions. Companies are investing in responsible sourcing practices and exploring eco-friendly substitutes to address these issues while meeting market demand.
- Peat Substitutes in Horticulture: The shift towards using peat alternatives in gardening and horticulture is a notable trend. Materials like coconut coir, wood fiber, and compost are gaining popularity due to their environmental benefits, reducing the reliance on peat, and promoting more sustainable practices within the horticultural sector.
- Carbon Footprint Reduction: The push for reducing carbon emissions is influencing the peat market. As peat extraction can release large amounts of CO2, there is a growing trend towards improving extraction processes, utilizing peat more efficiently, and exploring carbon-capture technologies to minimize its environmental impact in energy and other applications.
- Peat as a Carbon Sequestration Solution: With growing concerns over climate change, peatlands are being recognized for their potential in carbon sequestration. There is an opportunity to invest in peat bog restoration and conservation projects to enhance carbon storage, providing both environmental benefits and economic opportunities for sustainable land management.
- Growth in Organic Farming: The rise of organic farming and eco-friendly agriculture presents opportunities for peat, particularly in the production of organic fertilizers and soil conditioners. Peat’s ability to retain moisture and nutrients makes it highly valuable for organic growers, presenting growth potential in this expanding market.
- Emerging Markets for Peat Products: Emerging markets in Asia, Africa, and Latin America present untapped opportunities for peat-based products. As urbanization and agricultural practices grow, the demand for horticultural peat, construction materials, and energy sources in these regions provides significant market expansion opportunities for peat producers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Peat Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Peat Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific held the largest share of the peat market due to the strong growth of the agriculture industry in the region.
Sustainability and regulation are expected to be the key market trends.
Based on application, the agriculture segment is expected to witness the fastest growth during the forecast period.
The Peat Market is estimated to witness a CAGR of 4% from 2023 to 2031
Rising demand in horticulture and agriculture are driving the market growth.
Global Peat Ltd, Elva E.P.T. Ltd, Areapeat Ltd, Neova Group, Siluflora, Klasmann-Deilmann GmbH, Lambert Peat Moss, Coco Green (Pvt) Ltd, Peat Inc, and Pelemix Ltd are the key players operating in the peat market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Peat Market - By Type
1.3.2 Peat Market - By Application
1.3.3 Peat Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PEAT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. PEAT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PEAT MARKET - GLOBAL MARKET ANALYSIS
6.1. PEAT - GLOBAL MARKET OVERVIEW
6.2. PEAT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PEAT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIBRIC
7.3.1. Overview
7.3.2. Fibric Market Forecast and Analysis
7.4. HEMIC
7.4.1. Overview
7.4.2. Hemic Market Forecast and Analysis
7.5. SAPRIC
7.5.1. Overview
7.5.2. Sapric Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. PEAT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AGRICULTURE
8.3.1. Overview
8.3.2. Agriculture Market Forecast and Analysis
8.4. FUEL AND ENERGY
8.4.1. Overview
8.4.2. Fuel and Energy Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. PEAT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Peat Market Overview
9.1.2 North America Peat Market Forecasts and Analysis
9.1.3 North America Peat Market Forecasts and Analysis - By Type
9.1.4 North America Peat Market Forecasts and Analysis - By Application
9.1.5 North America Peat Market Forecasts and Analysis - By Countries
9.1.5.1 United States Peat Market
9.1.5.1.1 United States Peat Market by Type
9.1.5.1.2 United States Peat Market by Application
9.1.5.2 Canada Peat Market
9.1.5.2.1 Canada Peat Market by Type
9.1.5.2.2 Canada Peat Market by Application
9.1.5.3 Mexico Peat Market
9.1.5.3.1 Mexico Peat Market by Type
9.1.5.3.2 Mexico Peat Market by Application
9.2. EUROPE
9.2.1 Europe Peat Market Overview
9.2.2 Europe Peat Market Forecasts and Analysis
9.2.3 Europe Peat Market Forecasts and Analysis - By Type
9.2.4 Europe Peat Market Forecasts and Analysis - By Application
9.2.5 Europe Peat Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Peat Market
9.2.5.1.1 Germany Peat Market by Type
9.2.5.1.2 Germany Peat Market by Application
9.2.5.2 France Peat Market
9.2.5.2.1 France Peat Market by Type
9.2.5.2.2 France Peat Market by Application
9.2.5.3 Italy Peat Market
9.2.5.3.1 Italy Peat Market by Type
9.2.5.3.2 Italy Peat Market by Application
9.2.5.4 United Kingdom Peat Market
9.2.5.4.1 United Kingdom Peat Market by Type
9.2.5.4.2 United Kingdom Peat Market by Application
9.2.5.5 Russia Peat Market
9.2.5.5.1 Russia Peat Market by Type
9.2.5.5.2 Russia Peat Market by Application
9.2.5.6 Rest of Europe Peat Market
9.2.5.6.1 Rest of Europe Peat Market by Type
9.2.5.6.2 Rest of Europe Peat Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Peat Market Overview
9.3.2 Asia-Pacific Peat Market Forecasts and Analysis
9.3.3 Asia-Pacific Peat Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Peat Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Peat Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Peat Market
9.3.5.1.1 Australia Peat Market by Type
9.3.5.1.2 Australia Peat Market by Application
9.3.5.2 China Peat Market
9.3.5.2.1 China Peat Market by Type
9.3.5.2.2 China Peat Market by Application
9.3.5.3 India Peat Market
9.3.5.3.1 India Peat Market by Type
9.3.5.3.2 India Peat Market by Application
9.3.5.4 Japan Peat Market
9.3.5.4.1 Japan Peat Market by Type
9.3.5.4.2 Japan Peat Market by Application
9.3.5.5 South Korea Peat Market
9.3.5.5.1 South Korea Peat Market by Type
9.3.5.5.2 South Korea Peat Market by Application
9.3.5.6 Rest of Asia-Pacific Peat Market
9.3.5.6.1 Rest of Asia-Pacific Peat Market by Type
9.3.5.6.2 Rest of Asia-Pacific Peat Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Peat Market Overview
9.4.2 Middle East and Africa Peat Market Forecasts and Analysis
9.4.3 Middle East and Africa Peat Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Peat Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Peat Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Peat Market
9.4.5.1.1 South Africa Peat Market by Type
9.4.5.1.2 South Africa Peat Market by Application
9.4.5.2 Saudi Arabia Peat Market
9.4.5.2.1 Saudi Arabia Peat Market by Type
9.4.5.2.2 Saudi Arabia Peat Market by Application
9.4.5.3 U.A.E Peat Market
9.4.5.3.1 U.A.E Peat Market by Type
9.4.5.3.2 U.A.E Peat Market by Application
9.4.5.4 Rest of Middle East and Africa Peat Market
9.4.5.4.1 Rest of Middle East and Africa Peat Market by Type
9.4.5.4.2 Rest of Middle East and Africa Peat Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Peat Market Overview
9.5.2 South and Central America Peat Market Forecasts and Analysis
9.5.3 South and Central America Peat Market Forecasts and Analysis - By Type
9.5.4 South and Central America Peat Market Forecasts and Analysis - By Application
9.5.5 South and Central America Peat Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Peat Market
9.5.5.1.1 Brazil Peat Market by Type
9.5.5.1.2 Brazil Peat Market by Application
9.5.5.2 Argentina Peat Market
9.5.5.2.1 Argentina Peat Market by Type
9.5.5.2.2 Argentina Peat Market by Application
9.5.5.3 Rest of South and Central America Peat Market
9.5.5.3.1 Rest of South and Central America Peat Market by Type
9.5.5.3.2 Rest of South and Central America Peat Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PEAT MARKET, KEY COMPANY PROFILES
11.1. GLOBAL PEAT LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ELVA E.P.T. LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. PEAT LAND UKRAINE LLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. STENDER AG,
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NEOVA AB,
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KLASMANN-DEILMANN GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LAMBERT PEAT MOSS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OULUN ENERGIA OY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. JIFFY PRODUCTS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VAPO GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Global Peat Ltd
2. Elva E.P.T. Ltd
3. Peat Land Ukraine LLC
4. Stender AG,
5. Neova AB,
6. Klasmann-Deilmann GmbH
7. Lambert Peat Moss
8. Oulun Energia OY
9. Jiffy Products
10. Vapo Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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