FarmingFocus

  Peat Market Size and Growth: The global peat market is poised for steady growth. While the size was valued at USD 3.5 billion in 2022, it's projected to reach USD 3.97 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 4.57% This growth is fueled by several key factors: Applications of Peat: Peat has several key applications across various industries: Horticulture:  Peat moss, a decomposed form of peat market, is a popular growing medium in the horticulture industry. Its high water retention capacity and light, airy structure make it ideal for potting mixes and seed germination. Fuel Source:  Peat can be used as a fuel source for electricity generation, particularly in regions with limited access to other resources. However, this application is declining due to environmental concerns. Water Treatment:  Peat's ability to absorb pollutants makes it useful in wastewater treatment applications. Animal Bedding:  Peat moss can be used as bedding material for animal