Peat Market

Global Peat Market Size, Trends & Analysis - Forecasts to 2027 By Type (Coco Peat, Sod Peat and Other Types), By Material Type (Fibric, Hemic, Sapric and Other Types), By Application (Agriculture & Greenhouse, Energy & Fuel, Indoor Gardening and Lawn & Landscaping), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Company Market Share Analysis, and Competitor Analysis

Category Energy & Power

Format

This report was recently updated on November 15 2024 with the latest and most recent market numbers

Global Peat Market Size

The global peat market is projected to grow at a CAGR value of 17.5% during the forecast period of 2022 to 2027.

Often seen as the first step in the geological formation of other fossil fuels like coal; peat, also known as turf, is an organic matter composed of an accumulation of decayed vegetation that is also used as a fuel. It includes several plants like shrubs, mosses and sedges, among other alternatives. Resembling the colour and texture of soil, peat is found in wet, acidic conditioned areas like wetlands or mires. Due to its rich organic properties that provide great moisture and aeration to the soil, peat has a wide range of uses. It is dried for use in say, gardening, agricultural sector, energy generation, among other things.

The market will be driven during the forecast period by a rising adoption rate of bio-based fuels due to an increase in general environmental degradation from the use of harmful non-renewable energy sources like fossil fuels and its awareness. Peat is classified as a slow renewable source of energy, and the rapid development in bio-based peat products provides more growth potential for this fuel. Thus, there is a general growing demand for natural and organic energy sources across various industries.

Furthermore, the adoption of bio-based fuels along with a rapid rise in industrialisation across the globe also boosts the growth of this market. Rising population worldwide accompanied by various government implemented policies and investments primarily in developing countries has increased the demand for general infrastructure expansion has driven up the need for peat. This is particularly used for the growing demand for electricity generation. Peat is also used across other diverse purposes like in water filtration systems, freshwater aquariums, and agricultural purposes among others.

Apart from the above market drivers, the market is also facing some restraints. Despite being organic in nature, peat lacks nutrients that foster plant growth. It also emits greenhouse gases that can affect environmental degradation.

The COVID-19 pandemic has, like most other markets, brought some disruptions to the global peat market as well. This has been in the form of changes in consumer demand due to general change in purchasing power and government interventions to restore normalcy in markets. Primarily the pandemic has impacted the market in ways of disrupting and rerouting of global supply chains due to strict lockdowns and restrictions imposed everywhere.

global peat market

Global Peat Market: By Type

Based on the type, the global peat market is divided into coco peat, sod peat and other types. The coco peat is expected to be the fastest-growing segment in the market from 2022 to 2027.

Coco peat is a mixture of dust and fibre from coconut husks and for its long water retaining capacity, it is used as a resource for soil less gardening. It is increasingly being used as an alternative in growing non-terrestrial plants mainly in an urban house set up where place constraint can be an issue.

Global Peat Market: By Material Type (Fibric, Hemic, Sapric and Other Types)

Based on the material type, the global peat market is divided into Fibric, Hemic, Sapric and other types. The hemic segment is expected to be the fastest-growing segment in the market from 2022 to 2027. This segment is majorly used in production of fertilizers, and hence has its dominance in the market.

Global Peat Market: By Application

As per the application segmentation, the market is divided into agriculture & greenhouse, energy & fuel, indoor gardening and lawn & landscaping.

The agriculture segment holds the highest market share of peat usage in the market during the forecast period. Due to its great water retention capacities and organic nature, it prevents excess water from destroying plant roots leading it to be used majorly in the agricultural sector. The fastest growing segment is the gardening and horticulture segment. It is needed mostly in urban set ups for indoor and soil-less gardening.

asia pacific peat market

Global Peat Market: By Region

As per the geographical analysis, the global peat market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

North America (the United States, Canada, and Mexico) will have a dominant share in the Global peat market from 2022 to 2027. The major factor driving the growth of the market in the North American region is the presence of vast peatlands in USA and Canada. Due to the continental climate in this region, around 45% of the world’s peatlands can be found here with rich carbon and nitrogen content. It is also in demand as a bio-based fuel to substitute harsher fossil fuels that degrade the environment.

Moreover, the Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) region is expected to be the fastest-growing segment in the global peat market during the forecast period. The growth in this region will be dominated by demand of peat in China, India and Japan. This region shows fast growth as it houses the world’s largest developing countries with ever growing population as well. Such factors lead to increasing demand for peat for infrastructural expansion and urbanisation, electricity generation and various agricultural purposes.

Global Peat Market Share and Competitor Analysis

Global Peat Ltd., Klasmann-Deilmann GmbH, Vapo Group, Elva E.P.T. Ltd, Peat Land Ukraine LLC, Stender AG, Oulun Energia OY, Globalcoirs, Bord Na Mona, Cocogreen, T & J Enterprises, Jiffy Products International B.V, Lambert Peat Moss among others are the key players in the global peat market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Global Peat Market Overview, 2022-2027

2.1.1 Industry Overview

2.1.2 Type Overview

2.1.3 Material Type Overview

2.1.4 Application Overview

2.1.6 Regional Overview

Chapter 3 Global Peat Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2022-2027

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Rising use of bio-based fuels

3.3.2 Industry Challenges

3.3.2.1 Lack of awareness regarding the use of peat based products

3.4 Prospective Growth Scenario

3.4.1 Instrument Growth Scenario

3.4.2 Procedure Type Growth Scenario

3.4.3 End-User Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 End-User Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Global Peat Market, By Type

4.1 Type Outlook

4.2 Coco Peat

4.2.1 Market Size, By Region, 2022-2027 (USD Million)

4.3 Sod Peat

4.3.1 Market Size, By Region, 2022-2027 (USD Million)

4.4 Other Types

4.4.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 5 Global Peat Market, By Material Type

5.1 Material Type Outlook

5.2 Fibric

5.2.1 Market Size, By Region, 2022-2027 (USD Million)

5.3 Hemic

5.3.1 Market Size, By Region, 2022-2027 (USD Million)

5.4 Sapric

5.4.1 Market Size, By Region, 2022-2027 (USD Million)

5.5 Other Types

5.5.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 6 Global Peat Market, By Application

6.1 Agriculture & Greenhouse

6.1.1 Market Size, By Region, 2022-2027 (USD Million)

6.2 Energy & Fuel

6.2.1 Market Size, By Region, 2022-2027 (USD Million)

6.3 Indoor Gardening

6.3.1 Market Size, By Region, 2022-2027 (USD Million)

6.4 Lawn & Landscaping

6.4.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 7 Global Peat Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market Size, By Country 2022-2027 (USD Million)

7.2.2 Market Size, By Type, 2022-2027 (USD Million)

7.2.3 Market Size, By Material Type, 2022-2027 (USD Million)

7.2.4 Market Size, By Application, 2022-2027 (USD Million)

7.2.6 U.S.

7.2.6.1 Market Size, By Type, 2022-2027 (USD Million)

7.2.4.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.2.4.3 Market Size, By Application, 2022-2027 (USD Million)

7.2.7 Canada

7.2.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.2.7.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.2.7.3 Market Size, By Application, 2022-2027 (USD Million)

7.3 Europe

7.3.1 Market Size, By Country 2022-2027 (USD Million)

7.3.2 Market Size, By Type, 2022-2027 (USD Million)

7.3.3 Market Size, By Material Type, 2022-2027 (USD Million)

7.3.4 Market Size, By Application, 2022-2027 (USD Million)

7.3.6 Germany

7.3.6.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.6.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.3.6.3 Market Size, By Application, 2022-2027 (USD Million)

7.3.7 UK

7.3.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.7.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.3.7.3 Market Size, By Application, 2022-2027 (USD Million)

7.3.8 France

7.3.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.7.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.3.7.3 Market Size, By Application, 2022-2027 (USD Million)

7.3.9 Italy

7.3.9.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.9.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.3.9.3 Market Size, By Application, 2022-2027 (USD Million)

7.3.10 Spain

7.3.10.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.10.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.3.10.3 Market Size, By Application, 2022-2027 (USD Million)

7.3.11 Russia

7.3.11.1 Market Size, By Type, 2022-2027 (USD Million)

7.3.11.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.3.11.3 Market Size, By Application, 2022-2027 (USD Million)

7.4 Asia Pacific

7.4.1 Market Size, By Country 2022-2027 (USD Million)

7.4.2 Market Size, By Type, 2022-2027 (USD Million)

7.4.3 Market Size, By Material Type, 2022-2027 (USD Million)

7.4.4 Market Size, By Application, 2022-2027 (USD Million)

7.4.6 China

7.4.6.1 Market Size, By Type, 2022-2027 (USD Million)

7.4.6.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.4.6.3 Market Size, By Application, 2022-2027 (USD Million)

7.4.7 India

7.4.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.4.7.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.4.7.3 Market Size, By Application, 2022-2027 (USD Million)

7.4.8 Japan

7.4.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.4.7.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.4.7.3 Market Size, By Application, 2022-2027 (USD Million)

7.4.9 Australia

7.4.9.1 Market Size, By Type, 2022-2027 (USD Million)

7.4.9.2 Market size, By Material Type, 2022-2027 (USD Million)

7.4.9.3 Market Size, By Application, 2022-2027 (USD Million)

7.4.10 South Korea

7.4.10.1 Market Size, By Type, 2022-2027 (USD Million)

7.4.10.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.4.10.3 Market Size, By Application, 2022-2027 (USD Million)

7.5 Latin America

7.5.1 Market Size, By Country 2022-2027 (USD Million)

7.5.2 Market Size, By Type, 2022-2027 (USD Million)

7.5.3 Market Size, By Material Type, 2022-2027 (USD Million)

7.5.4 Market Size, By Application, 2022-2027 (USD Million)

7.5.6 Brazil

7.5.6.1 Market Size, By Type, 2022-2027 (USD Million)

7.5.6.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.5.6.3 Market Size, By Application, 2022-2027 (USD Million)

7.5.7 Mexico

7.5.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.5.7.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.5.7.3 Market Size, By Application, 2022-2027 (USD Million)

7.5.8 Argentina

7.5.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.5.7.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.5.7.3 Market Size, By Application, 2022-2027 (USD Million)

7.6 MEA

7.6.1 Market Size, By Country 2022-2027 (USD Million)

7.6.2 Market Size, By Type, 2022-2027 (USD Million)

7.6.3 Market Size, By Material Type, 2022-2027 (USD Million)

7.6.4 Market Size, By Application, 2022-2027 (USD Million)

7.6.6 Saudi Arabia

7.6.6.1 Market Size, By Type, 2022-2027 (USD Million)

7.6.6.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.6.6.3 Market Size, By Application, 2022-2027 (USD Million)

7.6.7 UAE

7.6.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.6.7.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.6.7.3 Market Size, By Application, 2022-2027 (USD Million)

7.6.8 South Africa

7.6.7.1 Market Size, By Type, 2022-2027 (USD Million)

7.6.7.2 Market Size, By Material Type, 2022-2027 (USD Million)

7.6.7.3 Market Size, By Application, 2022-2027 (USD Million)

Chapter 8 Company Landscape

8.1 Competitive Analysis, 2020

8.2 Global Peat Ltd.

8.2.1 Company Overview

8.2.2 Financial Analysis

8.2.3 Strategic Positioning

8.2.4 Info Graphic Analysis

8.3 Klasmann-Deilmann GmbH

8.3.1 Company Overview

8.3.2 Financial Analysis

8.3.3 Strategic Positioning

8.3.4 Info Graphic Analysis

8.4 Vapo Group

8.4.1 Company Overview

8.4.2 Financial Analysis

8.4.3 Strategic Positioning

8.4.4 Info Graphic Analysis

8.5 Elva E.P.T. Ltd

8.5.1 Company Overview

8.5.2 Financial Analysis

8.5.3 Strategic Positioning

8.5.4 Info Graphic Analysis

8.6 Peat Land Ukraine LLC

8.6.1 Company Overview

8.6.2 Financial Analysis

8.6.3 Strategic Positioning

8.6.4 Info Graphic Analysis

8.7 Stender AG

8.7.1 Company Overview

8.7.2 Financial Analysis

8.7.3 Strategic Positioning

8.7.4 Info Graphic Analysis

8.8 Oulun Energia OY

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.9 Globalcoirs

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.10 Bord Na Mona

8.10.1 Company Overview

8.10.2 Financial Analysis

8.10.3 Strategic Positioning

8.10.4 Info Graphic Analysis

8.12 Cocogreen

8.12.1 Company Overview

8.12.2 Financial Analysis

8.12.3 Strategic Positioning

8.12.4 Info Graphic Analysis

8.13 T & J Enterprises

8.13.1 Company Overview

8.13.2 Financial Analysis

8.13.3 Strategic Positioning

8.13.4 Info Graphic Analysis

8.14 Jiffy Products International B.V

8.14.1 Company Overview

8.14.2 Financial Analysis

8.14.3 Strategic Positioning

8.14.4 Info Graphic Analysis

8.15 Lambert Peat Moss

8.15.1 Company Overview

8.15.2 Financial Analysis

8.15.3 Strategic Positioning

8.15.4 Info Graphic Analysis

8.16 Others

8.16.1 Company Overview

8.16.2 Financial Analysis

8.16.3 Strategic Positioning

8.16.4 Info Graphic Analysis

The Global Peat Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Peat Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global peat market?

The global peat market size is projected to grow at a CAGR value of 17.5% from 2022 to 2027.

Who are the major vendors in the global peat market?

Which region has the highest market share in the global peat market?

The North American region is estimated to hold the highest share in the global peat market.

What is the Covid-19 impact on future of the global peat manufacturers?

What are the major drivers in the global peat market?

The market will be driven during the forecast period by a rising adoption rate of bio-based fuels due to an increase in general environmental degradation from the use of harmful non-renewable energy sources like fossil fuels and its awareness. Rising population worldwide has increased peat demand for rise in industrialisation and urbanisation, electricity generation and agricultural purposes. Peat is also used across other diverse purposes like in water filtration systems, freshwater aquariums, and agricultural purposes among others.