Peat Market

Peat is a dark fibrous material created when 'decomposition fails to keep pace with the production of organic matter'. Although peat is created under specific conditions (waterlogging, lack of oxygen or nutrients, high acidity or low temperatures), peat can be found in many types of wetlands. Marshes, swamps, floodplains and coastal wetlands may contain peat.

Peat is soft and easily compressed. Under pressure, water in the peat is forced out. Upon drying, peat can be used as fuel. It has industrial importance as a fuel in some countries, such as Ireland and Finland, where it is harvested on an industrial scale. In many countries, including Ireland and Scotland, where trees are often scarce, peat is traditionally used for cooking and domestic heating. Stacks of drying peat dug from the bogs can still be seen in some rural areas. Peat's insulating properties make it of use to industry.

Peat Market contains market size and forecasts of Peat in global, including the following market information:

Global Peat Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Peat Market Sales, 2017-2022, 2023-2028, (K MT)

Global top five Peat companies in 2021 (%)

The global Peat market was valued at 937.9 million in 2021 and is projected to reach US$ 1128.6 million by 2028, at a CAGR of 2.7% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Sod Peat Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Peat include Klasmann-Deilmann GmbH, Vapo Oy, Jiffy Products, Premier Tech, Sun Gro Horticulture, Lambert, Bord na Mona PLC, R?kyva and Coco Green, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Peat manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Peat Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Peat Market Segment Percentages, by Type, 2021 (%)

Sod Peat

Coco Peat

Others

Global Peat Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Peat Market Segment Percentages, by Application, 2021 (%)

Agriculture and Horticulture

Energy

Others

Global Peat Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Peat Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Peat revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Peat revenues share in global market, 2021 (%)

Key companies Peat sales in global market, 2017-2022 (Estimated), (K MT)

Key companies Peat sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Klasmann-Deilmann GmbH

Vapo Oy

Jiffy Products

Premier Tech

Sun Gro Horticulture

Lambert

Bord na Mona PLC

R?kyva

Coco Green

Dutch Plantin

SMS Exports

Turveruukki Oy