The Peat Market: Global Industry Analysis, Trends, Market Size and Forecasts to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 24, 2018--The “Peat Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global peat market to grow with a healthy CAGR over the forecast period of 2018-2024.
The growing use of peat moss for agriculture and gardening is driving the growth of the peat moss market.
Rapidly growing adoption of bio-based fuel is likely to boost the demand of the peat market. Peat has numerous benefits that include high absorbency, sterile material, acidic pH features, compaction prevention properties, and more, so it is used in many applications. In addition, increasing peat applications in agriculture, water filtration, freshwater aquarium, and others are anticipated to boost the growth of the peat market.
On the other hand, although peat is organic material, it does not contain any nutrients that help in plant growth, so this disadvantage of peat may hamper growth of the peat market. Moreover, the growing adoption of peat products in water filtration systems is projected to create several opportunities in upcoming years.
North America holds the maximum share in the peat market and the Asia Pacific is the fastest growing county in the peat market. In the North America region, the growing use of peat products as alternative fuel drives the growth of the peat market in this region. The rapidly growing agricultural activities led to the huge demand for peat products in the Asia Pacific region.
Company ProfilesGlobal Peat Ltd. Elva E.P.T. Ltd. Peat Land Ukraine LLC Klasmann-Deilmann GmbH Neova AB Vapo Stender AG Oulun Energia OY Klasmann-Deilmann GmbH Globalcoirs
For more information about this report visit https://www.researchandmarkets.com/research/tcsjlx/the_peat_market?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005747/en/
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PUB: 09/24/2018 12:19 PM/DISC: 09/24/2018 12:19 PM