The global coco peat market is anticipated to expand at a considerable CAGR during the forecast period, 2020–2026.
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Coco Peat also known as coir is a growing medium developed from coconut husk and is a mixture of dust and non-useable fiber ends. Coir is the fibrous material found between the hard, internal shell and the outer coat of a coconut. Coco peat is known to be a good alternative to Rock wool and peat moss. The air porosity and high-water holding capacity of coco peat make it a good growth media option for horticultural and agricultural applications. Moreover, it is an excellent option for people preferring soil-less gardening. Also, the coco peat is filled with various nutrients such as — nitrogen, phosphorus, potassium, magnesium, zinc and other necessary substances and therefore making it an ideal soil conditioner for farming.
It is used in products such as floor mats, doormats, brushes and mattresses. coco peat is used as an oil absorbent on slippery floors. It is also often used as bedding to soak the animal wastes in animal farms and pet houses.
Market Trends, Drivers, Restraints, and Opportunities:
- High water-retaining capacity, growing demand for eco-friendly products among consumers, and increasing demand for geotextile products are some of the key trends driving the growth of the coco peat market and thus fueling the growth of the market.
- Space constraints in the urban residential homes have raised the demand for an alternative to the soil for home gardening This, in turn, is driving the growth for the market.
- Eliminating the need for a high volume of water, fertilizers, pesticides, and herbicides to soil is a key factor for the growth of the market.
- Increasing demand for coir products due to different applications is boosting the global market.
- Use of other natural fibres and synthetics, is a key restraint of the market.
- Stringent regulations on the usage limit of certain coir products, is a key restraint of the market.
- Innovative product differentiation and properties of phenol-bonded ply with the added strength is a key market opportunity.
Major companies in the global coco peat market Dutch Plantin, Silvermill, Samarasinghe Brothers, SMS Exporters, Sai Cocopeat, Kumaran Coirs, Allwin Coir, Benlion Coir Industry, CoirGreen, Dynamic International, JIT Holdings, Rajesh Agencies, HortGrow, Xiamen Green Field.
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The global coco peat market has been segmented on the basis of
- Brown Fiber
- White fiber
- Agriculture and Horticulture
- Bedding and Flooring
- Green coconut
- Brown Coconut
- Asia Pacific
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- coco peat market Overview
- Global coco peat market Analysis and Forecast by Type
- Global coco peat market Analysis and Forecast by Application
- Global coco peat market Analysis and Forecast by Sales Channel
- Global coco peat market Analysis and Forecast by Region
- North America coco peat market Analysis and Forecast
- Latin America coco peat market Analysis and Forecast
- Europe coco peat market Analysis and Forecast
- Asia Pacific coco peat market Analysis and Forecast
- Middle East & Africa coco peat market Analysis and Forecast
- Competition Landscape
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