The Agriculture and Forestry Services by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Agriculture and Forestry Services, The agriculture and forestry services market size has grown strongly in recent years. It will grow from $331.73 billion in 2023 to $361.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to land use and agricultural practices, environmental regulations, market demand for agricultural products, weather and climate patterns, government policies and subsidies.
The agriculture and forestry services market size is expected to see strong growth in the next few years. It will grow to $498.92 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to climate change adaptation, growing focus on sustainable practices, global food security concerns, biodiversity conservation, global population growth. Major trends in the forecast period include agritech startups, increased adoption of remote sensing, growing demand for agricultural analytics, use of blockchain in supply chain management, forestry management and sustainable logging practices.
The rise in environmental concerns is expected to propel the growth of the agriculture and forestry services market going forward. The environmental concerns refer to climate change, pollution, degradation of soil, water, and air, trapping of greenhouse gasses, and reduced soil fertility. The agriculture and forestry services help the farmers in sustainable farming to reduce contribution to environmental concerns by providing solutions for climate changes and reducing soil fertility, and managing the usage of water, pesticides, fertilizers, and herbicides. For instance, in 2021, according to the National Centre for Organic and National Farming, an Indian Department of Agriculture and Farmers Welfare, organic farming is being practiced in 187 countries, and around 72.3 million hectares of agricultural land us under organic farming. Furthermore, in March 2023, according to Eurostat, an EU-based government agency, the organic crop area in the European Union in 2019 was 14,252,939, which increased to 14,725,051 in 2020 to meet increasing environmental concerns around the world. Therefore, the rise in environmental concerns is driving the growth of the agriculture and forestry services market going forward.
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The agriculture and forestry services market covered in this report is segmented –
1) By Type: Timber Production, Wood Technology, Forestry Economics and Marketing, Other Forestry Services
2) By Nature: Organic, Conventional
3) By Application: Construction, Industrial Goods
Technological advancements are gaining popularity in the agriculture and forestry services market. Farm management software provides real-time information and data from digital checklists and assists in tracking farmers’ daily activities and improves decision-making throughout all operations. Major companies operating in agriculture and forestry services are focusing on improving their products, and its related services to enhance their market reach. For instance, in March 2023, Bushel, a US-based agriculture software company, launched Bushel FarmTM, a next-generation farm management software. The software auto-populates individual grains sales data, improving the farm’s operational and functional performance. The Bushel FarmTM digitalizes and accelerates the flow of information through the agriculture supply chain. This software reduces the burden of manual entry, provides valuable grain marketing insights to farmers, and enables farmers’ collaboration with buyers.
The agriculture and forestry services market report table of contents includes:
1. Executive Summary
2. Agriculture and Forestry Services Market Characteristics
3. Agriculture and Forestry Services Market Trends And Strategies
4. Agriculture and Forestry Services Market – Macro Economic Scenario
5. Global Agriculture and Forestry Services Market Size and Growth
……………….
31. Global Agriculture and Forestry Services Market Competitive Benchmarking
32. Global Agriculture and Forestry Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Agriculture and Forestry Services Market
34. Agriculture and Forestry Services Market Future Outlook and Potential Analysis
35. Appendix
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