Press release -
Peat Market Outlook 2018: Growth Factors Details, Trends, Comprehensive Research Including Top Companies
Infinium Global Research added Latest Research Report titled “Peat Market by Manufacturers, Regions, Product Type and Application, Forecast to 2024” to its Large Report database.
The main objective of this report is to define, describe, and forecast the global “Peat” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
Growing people interest in gardening will probably encounter their inclination towards peat moss
Peat moss is commonly used in the gardening to improving soil, starting seeds, adding it as an amendment, and more. The growing use of peat moss for the agriculture and gardening is driving the growth of peat moss market. The peat has the significant amount of carbon and hydrogen contents that helps them to be used as fuel.
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Rapidly growing adoption of Biobased fuel is likely to boost the demand of peats market. The peat has numerous benefited that includes high absorbency, sterile material, acidic pH features, compaction prevention properties, and more so they used in the many applications. In addition, increasing peat applications in the agriculture, water filtration, freshwater aquarium, and others are anticipated to boost the growth of peat market.
BNM to expand into peat bedding market
In July 2018, Bord na Mona (BNM) is aiming to substantially increase its offering of peat used for livestock bedding for the upcoming housing season, it has been confirmed. Speaking to AgriLand, Paul Riordan – head of peat operations at BNM – said that the move coincides with ongoing fears over a possible straw shortage this winter due to persistent drought conditions in recent months. Although BNM has been selling bedding peat to farmers in relatively small quantities for the last 15 or 20 years, demand for the product has reportedly skyrocketed this year. With nine peat bogs situated in counties located in the midlands, Riordan outlined that the bedding option will be widely available to farmers.
North America holds the maximum share in the peat market
North America holds the maximum share in the peat market and the Asia Pacific is the fastest growing county in the peat market. In the North America region, the growing use of peat products as the alternative fuel drives the growth of the peat market in this region. The rapidly growing agricultural activities lead to the huge demand for peat products in the Asia Pacific region
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Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global peat market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of peat market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the peat market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the peat market to understand the present and future trends in this market and formulate their strategies accordingly.
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