QYResearch: The global peat industry market is expected to be 832.42 Million USD in 2021

QYResearch

QYResearch: The global peat industry market is expected to be 832.42 Million USD in 2021

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QYResearch Peat is a dark fibrous material created when 'decomposition fails to keep pace with the production of organic matter'. Although peat is created under specific conditions (waterlogging, lack of oxygen or nutrients, high acidity or low temperatures), peat can be found in many types of wetlands.

Marshes, swamps, floodplains and coastal wetlands may contain peat.

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QYResearch According to QYResearch, In the last six years, the development of global peat industry market is stable at an average growth rate of 1.81% (Revenue). In 2016, the global peat Industry market was more than 741.06 Million USD, while it is expected to be 832.42 Million USD in 2021.

In 2015, Europe is the largest supplier and consumption market of peat with revenue market share of 90.92% due to the great demand. Following Europe is Canada, with occupied market share of 4.28%.

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, RÄ—kyva, Coco Green, Dutch Plantin, and Turveruukki Oy are the market leader. Vapo Oy is the larget palyer and it major market is in Europe, Lambert is the largest in North America.

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QYResearch In the global market, the market concentration degree will be higher and higher. The market share unlisted companies occupied is lower and lower.

With the development of technology, the more complex product with unique formula will be more and more.

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