Peat Market Valuation To Reach USD 23.08 Million By 2030 At 15.2% CAGR |Says IMR

Market Overview:
The Global Peat Market size is expected to grow from USD 7.44 Million in 2022 to USD 23.08 Million by 2030, at a CAGR of 15.2% during the forecast period (2023-2030).

Peat is organic material originating from decomposed plants. It forms in damp, acidic environments, resembling soil in color and texture. People harvest, dry, and utilize it as fuel, for gardening, farming, and energy production. With abundant organic content, it enhances soil aeration and moisture. Various peat types, like hemic, sapric, and fibric, find application in agriculture, freshwater aquariums, water filtration, and power generation.
Peat is economically essential as a carbon sink, a source of fuel, and a raw material in horticulture and other industries, in addition to its significant ecological relevance. Based on their macroscopic, microscopic, and chemical features, peats can be classified as fabric, coarse hemic, hemic, fine hemic, and sapric.
Top Key Players for Peat Market:

Bord na Mona (Ireland), Premier Tech (Canada), CoCo Green (Pvt.) Ltd. (Sri Lanka), PEAT LAND UKRAINE LLC (Ukraine), Dutch Plantin B.V. (Netherland), Globalcoirs (Canada), Elva E.P.T. Ltd. (Estonia),Oulun Energia Oy (Finland), Global Peat Ltd. (Lativa), Jiffy International AS (Netherland), Klasmann-Deilmann GmbH (Germany), Lambert (US), Neova AB (Sweden), Stender AG (Germany), Neova Oy (Finland), Sun Gro Horticulture (US), T&J Enterprises (US), Tootsi Turvas (Estonia), Turveruukki Oy (Finland), Vapo Oy (Finland) and other major players.

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