Global Peat Market Report 2019 | Industry Share, Growth Analysis, Latest Emerging Trends, Revenue, Competitive Landscape, SWOT Analysis and Regional Overview By 2026 | Bord na Mona (Republic of Ireland), Global Peat Ltd. (Latvia), Cocogreen (Sri Lanka)

Peat Market Snapshot:

The global peat market was valued at USD 365.9 million in 2018 and is expected to reach USD 1090.05 million by 2026, with an anticipated CAGR of 14.62% during the forecast period, 2019–2026.
Peat is a mixture of more or less decomposed plant materials that accumulate in a water-saturated and oxygen-deprived environment. Its structure varies from plant remains to fine amorphic and colloidal mass. The higher the humidity in the climate, the sooner the plant material disintegrates. The rate of plant material accumulation is greater in places where the temperature is high enough for plant growth but too low for the robust microbial growth that actively breakdowns the plant material. Peat is one of the vital sources for fuel with its major applications in the agriculture and horticulture sector. Its rich organic properties offer excellent aeration and moisture as well as high water holding capacity when used with soil.

Taking into consideration the ever-increasing population rate, the global peat market is driven by the growing demand for electricity. The rising demand and high consumption of peat by end-use verticals such as water treatment, the alcoholic beverage industry, and horticulture are expected to drive market growth during the forecast period, 2019 to 2026. Furthermore, peat has gained traction as a renewable energy source, where the extraction rate has surpassed its steady growth rate in industrialized regions.

The United Nations Framework Convention on Climate Change (UNFCCC) and other organizations affiliated with the United Nations have classified peat as a noteworthy fuel source, and the material has been attracting significant importance in the fuel industry. As a result, the global market for peat is expected to witness remarkable growth during the forecast period.

According to the United States Geological Survey (USGS), in 2016, conterminous U.S. free-on-board plant value of marketable peat production was valued at USD 12.4 million. Bio-fuel, with its high adoption rate, is expected to boost the peat market during the forecast period, 2019–2026. Sterility, absorbency, acidic nature, and compaction preventions properties are some of the benefits offered by peat. On the basis of these benefits, peat can be used in numerous sectors.
Hemic is a partially decomposed organic material and usually mimics mature compost characteristics. It often has fiber content ranging from 17% to 40% and owing to its extensive usage in agriculture and horticulture, the segment is expected to contribute the largest share in the global peat market. The agriculture segment is expected to witness significant growth in the market during the forecast period. This is attributed to the growing consumption of peat as it retains moisture in the soil and provides protection from water when the product is dry.

The peat market in North America is expected to grow at a rapid pace, owing to the increasing demand from heavy industries. Preference towards the consumption of peat as a substitute fuel in several end-use applications and agriculture, freshwater aquarium, water filtration, and others is a key growth driver in North America.

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The Major Prominent Players Covered in this Report:
Bord na Mona (Republic of Ireland), Global Peat Ltd. (Latvia), Cocogreen (Sri Lanka), Oulun Energia (Finland), Klassmann Dielmann (China), Jiffy Products International B.V. (Netherlands), Global Coirs (India), Vapo Oy (Finland), Stender AG (Germany), Neova Ab. (Sweden). & More.

By Type
Hemic
Fabric
Sapric
Others

By Application
Fuel & Energy
Agriculture
Medicines
Others

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Peat in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Peat market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Peat and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Peat. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Peat market growth rate?
What are the key factors driving the global Peat market?
Who are the key manufacturers in the Peat market space?
What are the market opportunities, market risk, and market overview of the Peat market?
What are sales, revenue, and price analysis of top manufacturers of the Peat market?
Who are the distributors, traders, and dealers of the Peat market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Peat Industry?
What are sales, revenue, and price analysis by regions of Peat industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Peat Market Trends:
- The report identifies, determines, and forecasts the Global Peat Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Peat Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Peat Market.

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