Global Peat Market is accounted for $5.64 billion in 2020 and is expected to reach $19.27 billion by 2028 growing at a CAGR of 16.6% during the forecast period. Rapidly growing adoption of bio-based fuel and growing demand for electricity generation on account of the growing population are the major factors propelling the market growth.
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By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the fast urbanization along with the increasing population. Moreover, the rapidly growing agricultural activities led to the huge demand for peat products in this region.
Some of the key players profiled in the Peat Market include Stender GmbH, Tootsi Turvas AS, Jiffy International AS, Oulun Energia Oy, Sun Gro Horticulture, Global Peat, Premier Tech, T&J Enterprises, Neova AB, Lambert, Klasmann-Deilmann, SMS Exports, Global Coirs & Eggs, Dutch Plantin, CoCo Green (Pvt) Ltd, Bord na Mona, and Vapo Oy.
Types Covered in Peat Market
• Coco Peat
• Sod Peat
Material Types Covered:
• Biofiltration/Water Filtration
• Energy Fuel
• Agriculture and Horticulture
• Power Generation
• Freshwater Aquaria
End Users Covered:
• Chemical & Petrochemical
• Energy & Power
• Food & Beverages
• Oil & Gas
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