Peat Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Industrial Activities Worldwide
- Growing Usage of Renewable Energy Sources
Challenges
- Issues Related to Pollution Caused by Burning Dry Peat
Peat Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.6% |
|
Base Year Market Size (2024) |
USD 3.76 billion |
|
Forecast Year Market Size (2037) |
USD 6.75 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of peat is estimated at USD 3.91 billion.
Peat Market size was valued at USD 3.76 billion in 2024 and is likely to cross USD 6.75 billion by 2037, expanding at more than 4.6% CAGR during the forecast period i.e., between 2025-2037.
Europe industry is likely to hold largest revenue share by 2037, propelled by presence of large number of peatlands in various countries of the continent, especially in British Isles and Scandinavia.
The major players in the market are Elva E.P.T. Ltd., Global Peat Ltd, Stender AG, Oulun Energia Oy, and others.
