The peat industry involves the extraction and processing of peat, a type of organic material formed from decomposed plant matter in waterlogged conditions. Peat is primarily used as a soil amendment in agriculture and horticulture, as well as a fuel source in some regions. It plays a significant role in carbon storage, but its extraction can lead to environmental concerns, including habitat destruction and greenhouse gas emissions. Peatlands, where peat is found, are important ecosystems that support diverse wildlife. The industry is regulated in many countries to balance economic benefits with environmental protection. Sustainable practices are being promoted to minimize the ecological impact of peat extraction.