About Peat
Peat is a heterogeneous mixture formed by the decomposition of plant (humus) material that has accrued in a water-saturated environment and in the absence of oxygen. The peatlands, bogs, mires, moors, or muskegs are primary resources of peat. Peat is harvested as an important renewable source of fuel or energy in certain parts of the world. The peat is used in horticulture and agriculture sectors to provide tremendous ventilation and moisture to the soil when it is combined with the soil. The peat is mainly used in the agriculture and fuel applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 15.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Peat market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Klasmann-Deilmann GmbH (Germany), Premier Tech (United States), Sun Gro Horticulture (United States), Vapo Oy (Finland), Jiffy Products (United States), Lambert (Canada), Bord na Mona PLC (Ireland) and Coco Green (Sri Lanka) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Dutch Plantin (United States) and Turveruukki Oy (Finland).
Segmentation Overview
AMA Research has segmented the market of Global Peat market by Type (Coco Peat, Sod Peat and Other Types), Application (Fuel & Energy, Agriculture, Domestic and Medicine) and Region.
On the basis of geography, the market of Peat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Hemic will boost the Peat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Peatland Restoration
Market Growth Drivers:
Growing Adoption of Biobased Fuel and Rise in Demand for Electricity Generation as a Result to Growing Population
Challenges:
Native Impact of Peat on the Environment
Restraints:
Stringent Government Rules and Regulation Related To Peatland and Environment Protection
Opportunities:
Potential Growth in The Emerging Countries
Market Leaders and their expansionary development strategies
November 2022: An deal to cultivate and harvest bogs on EPMS property was announced by Sun Gro Horticulture, a North American company that leads the development and sale of growth media products.
April 2022: Neova introduces a DNA barrier accelerator, which restores the skin while acting as a barrier to fight symptoms of damage. This powerful mixture protects the skin, enhances repair, retains moisture, and soothes the skin.
As a state based on the rule of law, where the power of government is given and led by the law, peatland restoration and protection efforts in Indonesia require legal reinforcement. This includes new rules on peatland spatial plan that requires preservation of the new stipulated protected peat areas.
Key Target Audience
Peat Manufacturers, Production Process Industries, Traders And Distributors Of Peat, Raw Material Suppliers, Potential Investors and Nationalized Laboratory
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.