Global Peat Market Size & YoY Growth (2025–2032)

Strategic demand for horticulture inputs, soil conditioning solutions, and energy applications continued to shape growth patterns across global peat consumption. The global peat market was valued at USD 1,525.59 million in 2025, reflecting stable baseline demand across agricultural and industrial end-use segments. In 2026, the market is estimated to reach USD 1,572.55 million, supported by expanding controlled-environment agriculture and steady commercial landscaping activity. From 2027 onward, the market is projected to reach USD 1,631.01 million, followed by USD 1,695.47 million in 2028, as sustainability-aligned substrate usage gains traction. Further expansion is projected to reach USD 1,765.11 million in 2029 and USD 1,839.75 million in 2030, driven by increased greenhouse cultivation and soil amendment applications. By 2031, the market is projected to reach USD 1,924.19 million, advancing to USD 2,020.63 million by 2032 as regulatory clarity, improved peat extraction efficiency, and rising horticultural output support long-term commercial scalability. Overall growth reflects a gradual acceleration supported by evolving agricultural practices and stable end-market demand across key regions.