Peat Market Overview
A market study on Peat Market filters was released by MMR. The research combines primary and secondary data, and subject matter experts have examined it from both a local and global standpoint. An important tool for investors, the study offers a thorough analysis of the market’s size and share in every area and category.
Market Development for Peats:
Peat Market size was valued at USD 8.49 Million in 2023 and is expected to grow by 14.2% from 2024 to 2030, reaching nearly USD 21.52 Million.
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Peat Market Dynamics:
Rising demand for bio-based fuels will drive peat market growth.
The use of bio-based fuels is increasing as a result of increased environmental damage caused by the use of dangerous non-renewable energy sources such as fossil fuels, as well as increased awareness of the issue, which is driving global peat market growth. Peat is a slow-renewable energy source, and the rapid development of peat-based bioproducts presents enormous growth opportunities for this fuel. As a result, demand for natural and organic energy sources is growing across a variety of industries.
Peat Market Report Scope and Research Methodology
At the national, regional, and international levels, the research offers a thorough examination of the Peat market. It offers a thorough examination of the competitive environment in the Peat market, taking into account the main players’ business plans. A list of the major rivals of Peat is provided in the study, together with details on their earnings, volume of production, worldwide reach, and sales. The SWOT analysis was employed to ascertain the advantages and disadvantages of the principal participants in the Peat sector. The study also includes detailed information on the potential, challenges, drivers, and restraints of the Peat market.
The size of the worldwide and regional Peat markets was calculated using the bottom-up method. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The research also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Peat production process. In order to comprehend the Peat market at both the macro and micro levels, it also contains Porter’s and PESTLE analysis in addition to market attractiveness.
Peat Market Regional Insights
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Peat market in these countries, which covering North America – U.S., Canada, Mexico, Europe – UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific – China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America – Brazil, and Middle East and Africa.
Peat Market Segmentation:
by Type
Coco Peat
Sod Peat
Others
The peat market is divided into three types: coco peat, sod peat, and others. The Coco Peat segment held the greatest market share in 2023. The advancement of farming technologies in different locations around the world is principally responsible for the segment's expansion. Furthermore, rising demand from many emerging countries, increased usage in the horticulture and agriculture sectors, and growing knowledge of the benefits of reuse and long lifecycle are likely to drive up demand for coco peat.
by Material Type
Sepric
Hemic
Fabric
Others
The Peat Market is divided into three segments based on material type: Sepric, Hemic, and Fabric. The Hemic segment held the greatest market share in 2023. Hemic is a partially degraded organic compound that typically has the properties of mature compost. Because of its widespread use in agriculture and horticulture, this category is predicted to make the largest contribution to the global peat market. It typically has a fibre content ranging from 17 to 40%.
by End-Use
Agriculture
Fuel & Energy
Domestic
Medicine
Others
The Peat Market is divided into five end-use segments: agriculture, fuel and energy, domestic, medicine, and others. In 2023, the Agriculture segment held the greatest market share. The segment's rise is linked to the increased usage of peat, which protects the product from water while it is dry and retains moisture in the soil. It has an outstanding ability to keep the soil moist when the product is dry and the soil requires protection from water.
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Peat Market Key Players:
1. Klasmann-Deilmann GmbH
2. Bord na Mona
3. Global Peat Ltd.
4. Global Coirs
5. Stender AG
6. Neova AB
7. Cocogreen®
8. AB Rekyva
9. AS Tootsi Turvas
10. T & J Enterprises
11. PEAT LAND UKRAINE LLC
12. Globalcoirs
13. Oulun Energia Oy
14. Vapo
15. Jiffy Types International B.V
16. Elva E.P.T. Ltd.
17. Global Peat Ltd
18. Dutch Plantin
19. Lambert
20. Sun Gro Horticulture
21. Premier Tech
Key Questions answered in the Peat Market Report are:
- What is the expected Peat market size by 2030?
- What will be the CAGR of the Peat market during the forecast period?
- Which segment held the largest share in the Peat market?
- How is the competitive scenario of the Peat market?
- Which are the key factors driving the Peat market growth?
- What are the factors restraining the Peat market growth?
- Which region holds the maximum share in the Peat market?
- Who are the key players in the Peat market?
For detail insights on this market, request for methodology here @ https://www.maximizemarketresearch.com/request-sample/12125
Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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