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World - Peat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Peat - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jan 18, 2023

Peat Market Challenges Rising Competition from other Renewables

Peat Market Overview

The global peat market is forecast to reach $5.0B by 2030, growing at a CAGR of 3.9% during the period 2022-2030. Peat is an organic material that forms in water-saturated environments, such as bogs and fens. It is composed of plant matter that has been decomposed by microorganisms, and it is often used as a fuel or gardening substrate. The global peat market is driven by a number of factors, including population growth, the increased use of peat for energy generation, and government incentives for the use of renewable energy sources. Peat deposits are found in many countries, including Canada, Finland, Germany, Ireland, Russia, and the United Kingdom.

Population growth is one of the key drivers of the peat market. As the world's population continues to grow, so does the demand for energy. Peat is increasingly being used as a fuel source for power generation, due to its high calorific value and low carbon emissions. In addition, many governments are offering incentives for the use of renewable energy sources, which is further boosting the demand for peat.

Peat Substitutes

As the world looks for ways to become more sustainable, the competition for renewable energy sources is becoming more intense. One of the most promising renewable energy sources is peat, which is a type of decayed vegetation that can be burned to generate electricity. However, peat faces stiff competition from other renewable energy sources, such as solar and wind power.

The use of peat as a fuel has been in decline in recent years, as other renewable energy sources have become more popular. However, there is still a significant market for peat, and competition among suppliers is fierce.

Peat is a renewable resource, but it is not as sustainable as some other energy sources like solar or wind power. Peat extraction can damage ecosystems, and burning peat releases carbon dioxide into the atmosphere. For these reasons, many people are looking for alternatives to peat-fired power plants. However, peat has several advantages as an energy source. It is relatively inexpensive to extract and process, and it produces a high amount of energy per unit of weight.

Solar and wind power are both renewable energy sources that have seen rapid growth in recent years. Solar power is now the cheapest form of new generating capacity in many parts of the world, and wind power is not far behind. Both solar and wind power have much lower carbon footprints than peat, making them more attractive from an environmental standpoint. In addition, solar and wind power are both less damaging to ecosystems than peat extraction.

The competition between peat and other renewable energy sources will only intensify in the coming years. Peat has some advantages over its competitors, but ultimately it will need to become more environmentally friendly if it wants to remain a viable option in the long term.

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Peat Market Restraints

Peat is a naturally occurring, partially decayed organic matter found in wetland ecosystems. It is formed over centuries by the gradual accumulation of plant material, usually mosses, in water-saturated environments. Peat is an important ecosystem service provider, playing a role in global carbon cycling and water filtration. However, peatlands are being degraded at an alarming rate due to human activities such as drainage for agriculture and forestry, conversion to palm oil plantations, and mining for horticultural purposes.

As the world becomes increasingly aware of the importance of preserving natural ecosystems, the demand for sustainable peat products is growing. However, there are a number of challenges that need to be addressed in order to make the global peat market truly sustainable.

One of the biggest challenges is the high cost of sustainable peat production. Sustainable peatlands management requires significant upfront investment as well as ongoing maintenance costs. For example, rewetting drained peatlands can be expensive due to the need for pumps and irrigation infrastructure. In addition, sustainable management practices such as firebreaks and replanting must be implemented and monitored on an ongoing basis. These factors make sustainable peat production significantly more expensive than conventional methods.

Another challenge facing the sustainable peat market is the lack of certification schemes that guarantee the sustainability of products. This makes it difficult for consumers to identify which products have been sustainably produced and encourages them to purchase cheaper, non-sustainable alternatives. In order to create a truly sustainable peat market, certification schemes must be established and enforced to ensure that only products produced using sustainable methods are available for sale.

Finally, there is the challenge of access to markets. Sustainable peat producers often face barriers to entering international markets due to high transportation costs and lack of recognition from buyers. These hurdles make it difficult for smaller producers to access larger, more lucrative markets and compete with lower-cost conventional peat alternatives.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global peat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Company coverage:

    Zelta Zeme, Mikskaar AS, Lambert, Theriault & Hachey Peat Moss Ltd., Peat Inc., Global Peat Ltd, Klasmann-Deilmann GmbH, Vapo Group, Elva E.P.T. Ltd, Peat Land Ukraine LLC, Stender AG, Oulun Energia OY, Globalcoirs, Jiffy Products, Premier Tech, Sun Gro Horticulture, Bord na Mona PLC, Coco Green, Dutch Plantin, SMS Exports, Turveruukki Oy

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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