North America Peat Market – Size, Outlook, Trends & Forecast (2024

North America Peat Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Peat is an organic matter composed of wetland vegetation that includes numerous bog plants such as mosses, sedges, and shrubs. It is also called as turf. It is naturally formed in flooding areas as the flood reduces the oxygen flow from the atmosphere. Types of peats are fabric, hemric and sepric these are used in agriculture, generation of electricity and water filtration. It has extraordinary ability to store water, soils that contain a significant amount of turf that is called histosols. Histosol is the term used when an enormous amount of peat is present in the soil.

North America Peat Market Size & Growth:

The North America peat market is estimated to reach $4.16 Billion by 2025, at a CAGR of 12.4% from $1.25 Billion in 2017 during 2019-2025. The key attributes responsible for the North America peat market growth are raising the demand of electricity generation due to increase in population, increasing industries of alcoholic beverages, water treatment by peat, increase in horticulture science are the primary drivers of the North America peat market.

Peat energy is the peat moss which is more expensive than any other possible soils. Peat is not a renewable source of energy like gas and oil once it was used its gone and peat has prolonged regrowth rate. Using peat moss for smaller plants cost more than if you were to produce an entire bed of peat moss. Peat isn’t a local source it should be imported from the other countries are hampering the market growth during the forecast period. Increasing popularity of biofuels, focusing on the development of

North America Peat Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

bio-based peat products are creating profitable opportunities for the market growth during 2019-2025.

North America Peat Market Segments Share:

The North America peat market is segmented based on the material, type, application and geography. By material, the North America peat market is segregated into fabric, hemic, sepric and others. Among material segment, the hemic segment is expected to register the highest growth in North America peat market, and the fabric holds the largest market in North America peat market. By type, peat market is classified into coco peat market and sot peat market.

Among these, sot peat market is expected to register the highest growth in North America peat market due to increasing industries of alcoholic beverages and increase in demand of electricity due to increase in population and coco peat market holds the largest market in North America peat market due to increase in horticulture and treatment of water. By application, the market is segmented into fuel energy, agriculture, domestic, medicine and others. Among these fuel energy is expected to register the highest growth in North America peat market and agriculture holds the most significant market due to the presence of key players in the field of product innovation and high adoption rate of advanced methods and more investments in research activities for both coco peat market and peat moss market.

By geography, North America is segregated into U.S., Canada and Mexico. Among these US holds the most significant share and leading revenue generators in peat market today and Canada is expected to register the highest growth due to increasing industries of alcoholic beverages, increase

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North America Peat Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

in horticulture science.

North America Peat Market Trends:

Global warming has left forest drier causing even peat to burn. Forest fires like the ones burning in Ontario can have long-term impacts on the environment August 2018.
Scientists have developed a material which could make it possible to print energy-efficient houses out of milled peat quickly and cheaply using a 3D printer in July 2018.

North America Peat Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact on altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary critical players in the North America Peat Market are:

AB Rekyva
AS Tootsi Turvas
T & J Enterprises
Jiffy products international

Along with these companies, there were many other companies considered cited in the report while analysing the North America Peat market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.

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