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Peat Market worth $13.02 billion by 2030, growing at a CAGR of 7.51% - Exclusive Report by 360iResearch
Peat Market | 360iResearch
The Global Peat Market to grow from USD 7.84 billion in 2023 to USD 13.02 billion by 2030, at a CAGR of 7.51%.
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Peat is an organic material consisting of decomposed plant matter formed in wetland environments over thousands of years, which is used as a fuel source and soil conditioner for agriculture and horticulture. Peat is present in many wetlands, such as marshes, swamps, and coastal wetlands. However, mires, which are intricate ecosystems that include highland bogs and fens, have exceptionally significant peat deposits. The demand for peat has been increasing owing to the surge in the need for renewable energy sources and the increasing focus on organic farming. However, concerns have been raised regarding the environmental impact of peat extraction, as it can damage fragile ecosystems and contribute to climate change. As a result, countries have banned or restricted the use of peat, and there is a growing trend toward using alternative sources of fuel and soil amendments. Furthermore, the R&D efforts in the peat market can help address environmental concerns, promote sustainability, and identify new opportunities for value creation. Collaboration between researchers, industry stakeholders, and policymakers is crucial for advancing knowledge and driving innovation in this field.
The peat market in the Americas region is rapidly growing due to the abundant availability of peat reserves and increasing usage in agricultural and domestic material applications. Peat deposits can be found all over the world; however, they are particularly abundant in Russia, Ireland, Scotland, Finland, Estonia, Poland, Northern Germany, the Netherlands, Scandinavia, New Zealand, and North America, specifically Canada, Michigan, Minnesota, the Florida Everglades, and the Sacramento-San Joaquin River Delta in California. The countries, including Argentina, Canada, Chile, Peru, Brazil, and the United States, have significant peat reserves and production. Additionally, the advancements in the agricultural and horticulture sectors across Europe, the Middle East, and the African economies are driven by an increase in consumer shift toward cost-effective physical and chemical properties favorable for agricultural production. In Europe, the geographical location and climatic conditions favor maximum peat production. Rising demand for electricity generation due to the increase in population and expanding industries of water treatment by peat fuel the growth of the peat market in the Middle East & Africa. Increasing biofuels' popularity and focusing on developing bio-based peat products create profitable opportunities for market growth during the forecast period. The Asia-Pacific region observes a growing peat market attributed to the massive presence of peatlands with expanding utilization of peat in the end-user sectors. The surging utilization of peat in agricultural areas expands the demand for the market. The Asia-Pacific region relies on peat imports to fulfill the requirements of end-user sectors, creating lucrative opportunities to expand their geographical presence.
Market Segmentation & Coverage:
This research report categorizes the Peat Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material Type, market is studied across Fibric, Hemic, and Sapric. The Fibric commanded largest market share of 34.13% in 2023, followed by Sapric.
Based on Type, market is studied across High Moor Peat and Low Moor Peat. The High Moor Peat commanded largest market share of 61.77% in 2023, followed by Low Moor Peat.
Based on Application, market is studied across Agriculture, Domestic, Fuel & Energy, and Medicine. The Agriculture commanded largest market share of 45.92% in 2023, followed by Fuel & Energy.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 54.17% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Peat Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Peat Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Peat Market, highlighting leading vendors and their innovative profiles. These include AB Rėkyva, American Peat Technology, LLC, Annapolis Valley Peat Moss Co., AS Tootsi Turvas, BALT WOOD ENTERPRISE SIA, BASF SE, Beltwide Inc., Berger Peat Moss, Clover Peat, Dockers LLC, Dutch Plantin Coir India Pvt. Ltd., Elva E.P.T. Ltd., Ferment LLC, Global Peat Ltd., HAWITA Gruppe GmbH, Heng Huat Resources Group Berhad, HORTIMED SIA, Jiffy Group, klasmann-Deilmann GmbH, Knaap (Thailand) Co., Ltd., KRONE IMPULSE LLC, Kumaran Fibres, Lambert Peat Moss, Linkona, Mikskaar AS, Neova Oy, Northern Peat & Moss Ltd., PEAT BASED LLC, PEATFIELD, Premier Tech Ltd., Profile Products LLC, Rajahrani Impex Private Limited, SAB Syker Agrarberatungs- und Handels GmbH, Sai Cocopeat Export Private Limited, Sun Gro Horticulture, Theriault & Hachey Peat Moss Ltd., Tippland Horticulture, and UAB SOLVIKA.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Peat Market, by Material Type
7. Peat Market, by Type
8. Peat Market, by Application
9. Americas Peat Market
10. Asia-Pacific Peat Market
11. Europe, Middle East & Africa Peat Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Peat Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Peat Market?
3. What is the competitive strategic window for opportunities in the Peat Market?
4. What are the technology trends and regulatory frameworks in the Peat Market?
5. What is the market share of the leading vendors in the Peat Market?
6. What modes and strategic moves are considered suitable for entering the Peat Market?
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