Peat growing media refers to a type of soil substitute or amendment made primarily from peat, which is an organic material formed from partially decomposed plant matter (mostly sphagnum moss) in waterlogged, anaerobic conditions over thousands of years. The purpose of peat growing media is to provide an optimal environment for plant growth by improving water retention, aeration, and root development. It is widely used in horticulture, greenhouse cultivation, and agriculture due to its unique properties.
The peat growing media market consists of revenues generated by entities (organizations, sole traders, and partnerships) involved in producing and selling peat-based substrates. Peat is a partially decomposed organic material formed in waterlogged areas, valued for its high water-holding capacity, aeration, and nutrient availability.
The global peat growing media market was valued at $970.07 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 7.00%.
Growth Of Horticulture And Landscaping
The growth of horticulture and landscaping supported the growth of the peat growing media market by increasing demand for high-quality, moisture-retentive substrates essential for ornamental plants, flowers, and lawns. Peat's ability to enhance soil aeration, retain nutrients, and support healthy plant development made it a popular choice among landscapers and gardeners alike. This trend has driven greater use of peat in both residential and commercial landscaping projects. For instance, in March 2024, Ministry of Agriculture and Farmers Welfare, an apex body for formulation and administration of the rules and regulations and laws related to agriculture in India, the horticulture production in the country in 2022-23 (Final Estimates) was about 355.48 Million Tonnes, an increase of about 8.30 Million Tonnes (2.39%) over 2021-22. Therefore, the growth of horticulture and landscaping drove the growth of the peat growing media market.
Enhancing Root Development With Specialty Fiber Solutions
Companies operating in the peat growing media market are focusing on sustainability such as sustainable growing solutions to reduce their environmental impact, conserve natural resources, and provide more efficient. Sustainable growth solutions refer to strategies and practices that enable businesses and organizations to expand while balancing economic, environmental, and social considerations. For instance, In November 2023, Profile Products, a US-based provider of sustainable soil and growing media solutions, launched a new line of specialty fiber solutions for plant propagation, designed to optimize water management and enhance air porosity for consistent root development in plant trays. The product line features HydraFiber Ultra Specialty Short Fiber (SSF) and HydraFiber TruRoot + Peat, both engineered to facilitate efficient tray and liner filling while minimizing waste and mess associated with conventional propagation mixes.
The global peat growing media market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 25.00% of the total market in 2023.
Peat Growing Media Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global peat growing media market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for peat growing media? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The peat growing media market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider peat growing media market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics: - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by distribution channel and by application.
- Key Trends: - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework: - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth: - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis: - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation: - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by distribution channel and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth: - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape: - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies: - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking: - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard: - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions:- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments: - Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations This section includes recommendations for peat growing media market providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix: - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Brown Peat; White Peat; Black Peat; Peat Humus; Other Types
- 2) By Distribution Channel: Online; Offline
- 3) By Application: Agriculture; Horticulture; Other Applications
- Companies Mentioned: The Scotts Company; Sun Gro Horticulture Inc.; Premier Tech Ltd.; Neova Group (Vapo Group); Peat Land Ukraine LLC.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; peat growing media indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.