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Peat Market Share

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Report ID: 3334
Published Date: Sep 09, 2024
Report Format: PDF, PPT

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Peat Market Share

On the basis of geographical analysis, the global peat market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Europe industry is set to hold largest revenue share by 2036, propelled by presence of large number of peatlands in various countries of the continent, especially in British Isles and Scandinavia.

Latin America Market Analysis

Moreover, the peat market in Latin America is predicted to witness notable growth during the forecast period owing to the presence of favorable climate conditions that support the growth of tropical peat, namely in countries such as Brazil, Peru, Argentina, Colombia and Venezuela.

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Browse Key Market Insights with Data Illustration:

Peat Market Size & Share, Growth Trends 2036

Author Credits: Nilanjana Ray

Report ID: 3334
Published Date: Sep 09, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major growth drivers for the market are increasing industrial activities worldwide and growing usage of renewable energy sources.

The market is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2022 â€“ 2030.

Pollution caused by burning dry peat is estimated to hamper the market growth.

Latin America will provide more opportunities for market growth owing to the presence of favorable climate conditions that support the growth of tropical peat.

The major players in the market are Elva E.P.T. Ltd., Global Peat Ltd, Stender AG, Oulun Energia Oy, and others.

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