The peat extraction turnover in Germany is forecasted to increase gradually from 2024 to 2028. Starting at 419.5 million Euros in 2024, turnover is expected to reach 428.9 million Euros by 2028. Compared to 2023, the turnover was slightly lower, suggesting a steady growth trajectory for the peat industry. The year-on-year growth rate averages around 0.6%, with a five-year compound annual growth rate (CAGR) of approximately 0.6%.

Future trends to watch for:

Environmental regulations potentially impacting extraction operations and market dynamics.
Technological advancements improving extraction efficiency and cost-effectiveness.
Shifts in demand driven by changes in horticultural practices and renewable energy policies.