Overview and Scope
Farm product warehousing and storage refers to a place for storing agricultural products that helps to provide farm product warehousing and storage facilities and services. Farmers use it to store various types of crops that get affected by rain.
Sizing and Forecast
The farm product warehousing and storage market size has grown strongly in recent years. It will grow from $91.12 billion in 2023 to $98.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to green revolution, expansion of global trade, introduction of quality standards, cold chain development, increased agricultural productivity .
The farm product warehousing and storage market size is expected to see strongly grown in the next few years. It will grow to $129.39 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to precision agriculture and iot integration, blockchain for supply chain transparency, adoption of sustainable practices, e-commerce and direct-to-consumer trends, government initiatives for food security. Major trends in the forecast period include technological advancements, smart warehousing solutions, multi-modal transportation integration, collaborations and partnerships, flexibility in storage space usage.
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The farm product warehousing and storage market covered in this report is segmented –
1) By Type: Storage Services, Handling Services: Packing Services, Other Types
2) By Ownership: Private, Public, and Bonded
3) By Application: Farm, and Enterprise
North America was the largest region in the farm product warehousing and storage market in 2023.The regions covered in the farm product warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in the farm product warehousing and storage market can be attributed to the increasing retail penetration. Increasing retail penetration is expected to propel the growth of the farm product warehousing and storage market going forward. Retail penetration is a measure of how much a product or service is being used by customers compared to the total estimated market for that product or service. Because of the increase in customer demands for product or service, most filers purchase the products and store them in warehouses and sell them according to the demand. For instance, according to the Indian Brand Equity Foundation, an India-based export promotion agency for the year 2021, the retail industry achieved 96% of pre-COVID-19 sales in the year 2021. The Indian retail sector is valued at $2.77 billion for the year 2020. Therefore, raise in increasing retail penetration is growing demand for farm product warehousing and storage market.
Key Industry Players
Major companies operating in the farm product warehousing and storage market report are Archer-Daniels-Midland Company, Cargill Incorporated, CBH Group, Americold Realty Trust, Lineage Logistics Holdings LLC, AGRO Merchants Group LLC, United States Cold Storage Inc., VersaCold Logistics Services, Burris Logistics, Cloverleaf Cold Storage Company, Preferred Freezer Services LLC, Hanson Logistics Inc., Interstate Warehousing Inc., Swire Cold Storage Pty Ltd, NewCold Advanced Cold Logistics, Kloosterboer Group B.V., Oxford Cold Storage Limited, Confederation Freezers LP, Trenton Cold Storage Inc., Emergent Cold LLC, Snowman Logistics Limited, Gruppo Marconi Logistica Integrata S.p.A., Frialsa Frigoríficos S.A. de C.V., Friozem Armazéns Frigoríficos Ltda., Eurofrigo BV, Henningsen Cold Storage Co., Richmond Cold Storage Company Inc., Zero Mountain Inc., CS2 Transport Ltd., Great Lakes Cold Storage Inc., Seafrigo USA Inc., Stockhabo S.p.A.
The farm product warehousing and storage market report table of contents includes:
1. Executive Summary
2. Farm Product Warehousing And Storage Characteristics
3. Farm Product Warehousing And Storage Trends And Strategies
4. Farm Product Warehousing And Storage – Macro Economic Scenario
5. Global Farm Product Warehousing And Storage Size and Growth
…..
32. Global Farm Product Warehousing And Storage Competitive Benchmarking
33. Global Farm Product Warehousing And Storage Competitive Dashboard
34. Key Mergers And Acquisitions In The Farm Product Warehousing And Storage
35. Farm Product Warehousing And Storage Future Outlook and Potential Analysis
36. Appendix
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