Peat is a dark fibrous material created when 'decomposition fails to keep pace with the production of organic matter'. Although peat is created under specific conditions (waterlogging, lack of oxygen or nutrients, high acidity or low temperatures), peat can be found in many types of wetlands. Marshes, swamps, floodplains and coastal wetlands may contain peat.
In 2015, Europe is the largest supplier and consumption market of peat with revenue market share of 90.92% due to the great demand. Following Europe is Canada, with occupied market share of 4.28%.
In recent years, the price of peat is increasing slowly due to the limited resources.
In the market Klasmann-Deilmann GmbH, Vapo Oy, Jiffy Products, Premier Tech, Sun Gro Horticulture, Lambert, Bord na Mona PLC, Rėkyva, Coco Green, Dutch Plantin, and Turveruukki Oy are the market leader. Vapo Oy is the larget palyer and it major market is in Europe, Lambert is the largest in North America.

The Global Peat Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Peat Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Klasmann-Deilmann GmbH
Vapo Oy
Jiffy Products
Premier Tech
Sun Gro Horticulture
Lambert
Bord na Mona PLC
Rėkyva
Coco Green
Dutch Plantin
SMS Exports
Turveruukki Oy

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Sod peat
Coco Peat
Others
In Market segmentation by applications :

Agriculture and Horticulture
Energy
Other Applications

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Peat Market for the forecast period 2023 - 2030?
• What are the driving forces in the Peat Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Peat industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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