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.
This press release features multimedia. View the full release here:
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.
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing
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.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.
Some of the key topics covered in the report include:
Market segmentation analysis
Market size and forecast
Five Forces Analysis
Key leading countries
Market positioning of vendors
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team
View source version on businesswire.com: https://www.businesswire.com/news/home/20180817005206/en/