Peat Market (Material - Sapric, Hemic, and Fibric; End Use - Power Generation, Agriculture, Freshwater Aquaria, and Water Filtration) - Europe Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Europe Peat Market: Overview
Peat, also often called as turf, refers to a heterogeneous mix made from products such as reeds and mosses, grasses, and incompletely decomposed plant remains. The material is formed when the exclusion of oxygen and waterlogging change the natural process of decay of organic matter. The extremely slow process, with the layer of peat rising at an average rate of not more than 1 mm per year, leads to the development of a highly rich organic matter that can act as an effective carbon sink and can be used as a fuel for a number of applications.
The overall demand for peat is expected to expand at a sluggish pace in the next few years owing to the rising concerns regarding environmental damage, increased use of renewable energy sources, ambitious clean energy goals, and strict regulations pertaining to carbon emission. The increased usage of alternative substitutes such as land fill biomass, coir, wood fiber, and green compost in a number of applications is also expected to work against the market for peat in Europe in the next few years.
Europe Peat Market: Market Potential
Despite the several challenges ahead of the Europe peat market, the region is expected to remain dominant in terms of production and consumption of the organic matter on a global front in the next few years as well. The markets in countries such as Sweden, Finland, and Ireland are expected to remain lucrative in terms of consumption over the report’s forecast period. The steady usage of peat in the horticulture sector is expected to allow for a lucrative set of growth opportunities for the market in the next few years as well.
Europe Peat Market: Scope of the Report
This report analyzes and projects the overall development of the market for peat at Europe level. Forecasts in the report have been presented on the basis of revenue (US$ mn/bn) over the period between 2017 and 2025, considering 2016 as the base year of analysis. The report includes an overview of drivers, restraints, trends, and other factors affecting the Europe peat market and an overview of the influence of these factors on the overall development of the market over the forecast period. The report also highlights the various growth opportunities that the peat market in Europe presents.
Europe Peat Market: Segmentation
The study provides a decisive analysis of the Europe Peat market by segregating it on the basis of criteria such as product type, application, and geography. Based on product type, the market is segmented into hemic peat, sapric peat, and fibric peat. The key applications of peat examined in the report are water filtration, freshwater aquaria, power generation, horticulture, heating, and agriculture. All the segments have been examined on the basis of past and present trends. Current and potential future demand for peat in the region is examined in great details. Details pertaining to the most promising and/or lucrative product or application segment are also included.
Europe Peat Market: Competitive Landscape
The report includes a detailed assessment of the vendor landscape of the Europe peat market with the help of detailed business profiles of some of the leading companies operating in the market and an account of recent developments. It has been observed that the market is somewhat consolidated and features a moderate level of competition. Some of the key companies in the market are Neova Ab, Vapo Oy, Bord na Mona, Oulun Energia, and Klassmann Dielmann.
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