Peat Market: Global Industry Analysis and Forecast
The size of the worldwide peat market was estimated at USD 1537.33 million in 2023, and it is anticipated that global peat revenue will increase at a compound annual growth rate (CAGR) of 4.22% between 2024 and 2030, reaching approximately USD 2053.80 million.
? Global Peat Market Growth ?
The Peat Market is expanding due to its increasing use in agriculture, horticulture, and energy production. Peat’s versatility as a soil conditioner and renewable energy source is driving its demand globally.
? Key Market Trends:
Rising use in organic farming and gardening
Growing interest in peat for energy production
Sustainable peat harvesting methods gaining traction
? Market Forecast: With its wide range of applications, the peat market is set to grow steadily, presenting opportunities for both traditional and eco-friendly industries.
#PeatMarket #Agriculture #Sustainability #Horticulture #RenewableEnergy #MarketGrowth
