Global Peat Market 2018-2022 | Peatland Restoration to Drive Growth | Technavio
The global peat market is expected to post a CAGR of over 2% during the period 2018-2022, according to the latest market research report by Technavio.
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Technavio has published a new market research report on the global peat market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the increase in demand for electricity generation. Increasing power consumption across the globe due to rapid industrialization and urbanization is a key reason for the high volume demand for raw materials for power generation, such as coal, peat, and others. Peat is extensively used for electricity generation, especially in EMEA.
This market research report on the global peat market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the peatland restoration as one of the key emerging trends in the global peat market:
Global peat market: Peatland restoration
Peatlands help preserve global biodiversity, carbon storage, and flood risk management. However, damaging peatlands contribute to climatic changes instead of affecting them. Though peatlands can function properly only when they are healthy, certain activities cause damage to peatlands, resulting in the emission of greenhouse gases. Thus, peatlands restoration becomes vital from the environmental perspective.
“Peatland restoration helps create a suitable environment for peat moss to recolonize and secure the integrity of the carbon in the peat soil. It can reduce the greenhouse gas emissions significantly. It can also secure and improve peatland services such as carbon storage, water retention and water quality, and support to biodiversity and wildlife,” says a senior analyst at Technavio for research on metals and minerals.
Global peat market: Segmentation analysis
This market research report segments the global peat market by application (fuel and energy and agriculture and horticulture) and geographical regions (APAC, EMEA, and the Americas).
The fuel and energy segment held the largest market share in 2017, accounting for nearly 51% of the market. This application segment is expected to dominate the global market throughout the forecast period.
EMEA led the market in 2017 with a market share of nearly 86% of the market share. The market share occupied by this region is anticipated to increase during 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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