Global Peat market will reach 1036 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/10/15

In the last five years, the development of global peat industry market is stable at an average growth rate of 3.16% (based on Consumption Volume). In 2018, the global peat Industry market was more than 800 Million USD, while it is expected to be 1036 Million USD in 2025.

In 2018, Europe is the largest supplier and consumption market of peat with revenue market share of 85.51% due to the great demand. Following Europe is Canada, USA, etc.

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 its major market is in Europe, Lambert is the largest in North America.

In the global market, the market concentration degree will be higher. Companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in peat industry will become more intense.

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https://www.qyresearch.com/index/detail/717384/global-peat-industry-research-report-growth-trends-and-competitive-analysis-2018-2025
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