Peat Market, Covid-19 Outbreak, Production, Functions, Trends, Regional Analysis, Segmentation and Forecast to 2027

Market Scenario

Market Research Future (MRFR) assessed the global peat market 2020 through the review period between 2019 and 2024. MRFR findings reveals that the peat market can rise at 14.6% CAGR in the forecast period. By 2024, the global peat market value is estimated to touch USD 4.15 Bn. COVID 19 impact analysis of the peat market is also supplemented with the report. The rise in organic farming practise can favor the peat market expansion. The rise in awareness about agriculture contribution of peat can support the expansion of the peat market in the review period. The easy availability of peat in wetland temperatures areas that contributes to agricultural feasibility and robust generation of energy can support the expansion of peat market through the review period. In addition, the surge in demand for organic and natural soil conditioners can drive the need for peat in agriculture, which, in turn, can support the peat market expansion. The rise in the count of farmers demanding peat for effective farming can cause the peat to surge in the years to come.

Market Segmentation

The segment analysis of the global peat market is done by material type, type, and application.

The type-based segments of the global peat market are sod peat, and coco peat among others. The rise in supply of coco peat can cause augmentation of the peat market in the years ahead. The sod peat segment can rise at the highest pace through the analysis period.

The material type-based segments of the peat market are hemic, fibric, and sapric among others. The hemic peat market can win considerable profits for the peat market through the study period. The fibric segment can expand at a decent pace in the years to come. The sapric segment can garner high revenue through the analysis period.

The application-based segments of the peat market are fuel & energy, and agriculture among others. The fuel and energy segment can favor the market in the review period. The agriculture segment can generate substantial revenue for the worldwide peat market by 2024.

Regional Market Summary

The rise in environmental concerns and surge in the demand for renewable energy for farming can favor the expansion of APAC Peat Market in the years to come. The increased need to prevent the depletion of non-renewable energy sources is likely to boost the sales of peat, which can favor the market expansion. The increase in the application of peat as fuel from a renewable energy source can favor the market in the APAC region. Robust agricultural practices in APAC can cause the peat market to gain momentum. In North America, the US can dominate the regional peat market in the analysis period. The extensive adoption of latest agriculture practices can promote the rise of the regional market. In EU, the increase in industrial adoption of peat can drive the regional peat market across the assessment period. The UK can win high revenue for the regional market in the near future. In MEA, the peat market can rise at the highest CAGR across the study period.

Access Full Report Details and Order this Premium Report @

https://www.marketresearchfuture.com/reports/peat-market-1387

Key Players

Global Peat Ltd (Latvia), Bord na Mona (Ireland), Jiffy Products International B.V. (Norway), Elva E.P.T. Ltd (Estonia), Klasmann-Deilmann GmbH (Germany), Vapo Group (Finland), T & J Enterprises (India), Peat Land Ukraine LLC (Ukraine), Cocogreen (Sri Lanka), Oulun Energia OY (Finland), Stender AG (Germany), Globalcoirs (India), and Lambert Peat Moss (Canada) are some of prominent names in the global peat market that are listed by MRFR.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.