Dublin, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The "Peat Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The global peat market is anticipated to witness a significant growth, with a projected increase by USD 140.7 million from 2023 to 2028, and accelerating at a Compound Annual Growth Rate (CAGR) of 2.55%. The expansion of the peat market is primarily driven by a heightened demand for electricity generation, robust production of peat in Europe, and its extensive benefits in the horticulture domain.
Regional Landscape and Segment Analysis
The peat market is segmented by application into fuel and energy, agriculture and horticulture, and others, ensuring a comprehensive understanding of its diverse uses. Geographically, the market is examined across several key regions: Europe, North America, Asia-Pacific (APAC), South America, and the Middle East and Africa. Europe remains a significant contributor to the global peat market, owing to its considerable peat production capacities.
Future Growth Opportunities
Further energizing the market are prospects such as peatland restoration projects, which are expected to significantly influence the peat market in the forthcoming years. Moreover, the rising demand for peat in China and the growing traction for biofuels are anticipated to generate considerable market demand.
Market Dynamics
The market landscape is examined, presenting an in-depth analysis of the key influencers, profit margins, competitive pricing strategies, and promotional activities. The forecast and analysis provided are the result of thorough research, ensuring that market stakeholders have access to reliable and comprehensive data. The global peat market presents a dynamic entrée for potential growth opportunities that market participants can strategically capitalize on. The insights and analysis serve to aid companies in positioning themselves advantageously in the market landscape.
Vendor Landscape
An extensive evaluation of vendors in the peat market is included to assist clients in bolstering market positions. The peat market report provides a detailed analysis of several leading market vendors, helping them devise strategies to capture forthcoming growth avenues. If companies are to foster a competitive edge in the evolving peat industry, it is crucial for them to remain cognizant of the trends and challenges that could shape market trajectories and expansion.
In short, the peat market is poised for steady growth through 2028, bolstered by various industry applications, regional market inputs, and strategic vendor initiatives—an intricate web of factors that continue to drive this natural resource's relevance and demand.
A selection of companies mentioned in this report includes, but is not limited to:
- AB Rekyva
- Aswini Multiagro Industries Pvt Ltd.
- Berger Peat Moss Ltd.
- Bord na Mona
- Coco Coir Global.
- Cocogreen Ltd.
- Compaqpeat
- Global Peat Ltd.
- HQPower
- Klasmann-Deilmann GmbH
- Kumaran Fibres
- Lambert Peat Moss
- Mikskaar
- Neova Oy
- Oulun Energia Oy
- Premier Tech Ltd.
- Sai Cocopeat Export PVT Ltd.
- Sri Jayanthi Coirs
- Sun Gro Horticulture
- Ventspils SIA
For more information about this report visit https://www.researchandmarkets.com/r/dyty2
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