Peat Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Jun 2022 Pages: 129 SKU: IRTNTR73217

The peat market share is expected to increase to USD 140.3 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.55%.

This peat market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers peat market segmentation by application (fuel and energy, agriculture and horticulture, and others) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The peat market report also offers information on several market vendors, including AB Rekyva, Aswini Multiagro Industries Pvt Ltd., Berger, 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, and Ventspils SIA among others.

What will the Peat Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Peat Market Size for the Forecast Period and Other Important Statistics

 

Peat Market: Key Drivers, Trends, and Challenges

The increase in demand for electricity generation is notably driving the peat market growth, although factors such as the negative impact of peat on the environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the peat industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Peat Market Driver

The increase in demand for electricity generation is one of the key drivers supporting the peat market growth. Increasing power consumption across the globe owing to rapid industrialization and urbanization is a key reason for the high volume demand for raw materials for power generation, such as coal, peat, and others. Peat is extensively used for electricity generation, especially in Europe. It is a renewable and eco-friendly resource for producing electricity, which is encouraging electricity generation vendors to invest in this market. However, the rising population requires more electricity. Thus, the increasing demand for peat will drive the growth of the global peat market share growth during the forecast period.

Key Peat Market Trend

Peatland restoration is one of the key peat market trends that is contributing to the market growth. Peatland restoration helps create a suitable environment for peat moss to recolonize and secure the integrity of the carbon in the peat soil. It can reduce greenhouse gas emissions significantly. Meanwhile, it can secure and improve peatland services such as carbon storage, water retention and water quality, and support biodiversity and wildlife. Moreover, the government of different countries is encouraging peatland restoration for a better environment, especially in Europe which comprises peatlands in abundance. These factors will contribute to the peat market share growth during the forecast period.

Key Peat Market Challenge

The negative impact of peat on the environment is one of the factors hindering the peat market growth. Damaged peatlands impact biodiversity negatively. For instance, the number of Sumatran Orangutans has declined by 80% in the last 75 years. Other negative effects include the increase in carbon loss through water, degrading quality of drinking water, adverse effects on aquatic species, increasing risks of floods and droughts, saltwater intrusion, and generation of toxic substances. The drained peatlands can emit 1.3 gigatons of carbon dioxide per year. The increase in carbon dioxide in the atmosphere increases global warming. Thus, the emission of carbon dioxide from the drained or damaged peatlands poses a challenge to the global peat market size growth.

This peat market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global peat market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the peat market during the forecast period.

Who are the Major Peat Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AB Rekyva
  • Aswini Multiagro Industries Pvt Ltd.
  • Berger
  • 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

 

This statistical study of the peat market encompasses successful business strategies deployed by the key vendors. The peat market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Berger - Under the single operating system segment, the company offers peat that includes organic mixes,  poinsettia mixes, wood fiber mixes, veggie germination mixes 
  • Berger - The company offers peat that includes organic mixes, poinsettia mixes, wood fiber mixes, and veggie germination mixes. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The peat market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Peat Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the peat market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Peat Market?

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70% of the market's growth will originate from Europe during the forecast period. Finland, Ireland, Germany, and the UK are the key markets for peat market in Europe. Market growth in this region will be faster than the growth of the market in South America and MEA.

The abundant availability of peat will facilitate the peat market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 negatively impacted the economy in the region. However, by 2021, factories, warehouses, and other facilities of regional peat vendors reopened due to large-scale vaccination drives. As a result, local vendors were able to meet the increased demands from end-user industries such as fuel and energy, agriculture, and others. Thus, the rising demand for peat will drive the regional peat market size growth during the forecast period.

What are the Revenue-generating Application Segments in the Peat Market?

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The peat market share growth by the fuel and energy segment will be significant during the forecast period. Peat was used as an alternative to firewood for cooking and heating. With the advent of gas and oil, the domestic applications of peat have started to reduce. However, the demand for electricity sustained the use of peat, as it is used to fuel large power plants. The concerns about the depletion of fossil fuels such as oil and natural gas have retained the demand for peat. The use of peat as fuel is one of the main applications of the global peat market. Such increasing use of fuel and energy will drive the peat market share growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the peat market size and actionable market insights on post COVID-19 impact on each segment.

 

Peat Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.55%

Market growth 2022-2026

$ 140.3 million

Market structure

Fragmented

YoY growth (%)

1.98

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 70%

Key consumer countries

US, Finland, Ireland, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Rekyva, Aswini Multiagro Industries Pvt Ltd., Berger, 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, and Ventspils SIA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Peat Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive peat market growth during the next five years
  • Precise estimation of the peat market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the peat industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of peat market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Fuel and energy - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Fuel and energy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Fuel and energy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Fuel and energy - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Fuel and energy - Year-over-year growth 2021-2026 (%)
    • 5.4 Agriculture and horticulture - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Agriculture and horticulture - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Agriculture and horticulture - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Agriculture and horticulture - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Agriculture and horticulture - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 Finland - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Finland - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Finland - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Finland - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Finland - Year-over-year growth 2021-2026 (%)
    • 7.9 Ireland - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Ireland - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Ireland - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Ireland - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Ireland - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 US - Market size and forecast 2021-2026
      • Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Berger
              • Exhibit 93: Berger - Overview
              • Exhibit 94: Berger - Product / Service
              • Exhibit 95: Berger - Key offerings
            • 10.4 Bord na Mona
              • Exhibit 96: Bord na Mona - Overview
              • Exhibit 97: Bord na Mona - Product / Service
              • Exhibit 98: Bord na Mona - Key offerings
            • 10.5 Coco Coir Global.
              • Exhibit 99: Coco Coir Global. - Overview
              • Exhibit 100: Coco Coir Global. - Product / Service
              • Exhibit 101: Coco Coir Global. - Key offerings
            • 10.6 Cocogreen Ltd.
              • Exhibit 102: Cocogreen Ltd. - Overview
              • Exhibit 103: Cocogreen Ltd. - Product / Service
              • Exhibit 104: Cocogreen Ltd. - Key offerings
            • 10.7 Compaqpeat
              • Exhibit 105: Compaqpeat - Overview
              • Exhibit 106: Compaqpeat - Product / Service
              • Exhibit 107: Compaqpeat - Key offerings
            • 10.8 Glo­bal Pe­at Ltd.
              • Exhibit 108: Glo­bal Pe­at Ltd. - Overview
              • Exhibit 109: Glo­bal Pe­at Ltd. - Product / Service
              • Exhibit 110: Glo­bal Pe­at Ltd. - Key offerings
            • 10.9 Klasmann-Deilmann GmbH
              • Exhibit 111: Klasmann-Deilmann GmbH - Overview
              • Exhibit 112: Klasmann-Deilmann GmbH - Product / Service
              • Exhibit 113: Klasmann-Deilmann GmbH - Key offerings
            • 10.10 Lambert Peat Moss
              • Exhibit 114: Lambert Peat Moss - Overview
              • Exhibit 115: Lambert Peat Moss - Product / Service
              • Exhibit 116: Lambert Peat Moss - Key offerings
            • 10.11 Neova Oy
              • Exhibit 117: Neova Oy - Overview
              • Exhibit 118: Neova Oy - Product / Service
              • Exhibit 119: Neova Oy - Key offerings
            • 10.12 Ventspils SIA
              • Exhibit 120: Ventspils SIA - Overview
              • Exhibit 121: Ventspils SIA - Product / Service
              • Exhibit 122: Ventspils SIA - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 123: Inclusions checklist
                • Exhibit 124: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 125: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 126: Research methodology
                • Exhibit 127: Validation techniques employed for market sizing
                • Exhibit 128: Information sources
              • 11.5 List of abbreviations
                • Exhibit 129: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Detailed vendors report with competitive landscape
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              • Details on the market shares of various regions
              • Five-force market analysis