Overview and Scope
The agriculture and forestry services refer to the process of controlling agriculture and forest system that involve structures, land, or buildings for buying and selling commodities and services necessary to support agricultural and forestry operations. It is used for crop management, forest management, land conservation, and carbon sequestration.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
Top 5 Major Players:
- Cargill Incorporated
- Dairy Farmers of America Inc
- Bayer AG
- West Fraser Timber Co. Ltd
- Hancock Victorian Plantations Holdings Pty Limited
North America was the largest region in the agriculture and forestry services market in 2023. The regions covered in the agriculture and forestry services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the agriculture and forestry services sector are focused on integrating artificial intelligence in agriculture and forestry services to better serve the customers and to sustain their position in the market. Integrating artificial intelligence in agriculture and forestry services involves deploying advanced technologies to optimize decision-making, enhance efficiency, and improve sustainability across the entire ecosystem of cultivation and forestry management. For instance, in December 2021, Zyter Inc., a US-based digital health and IoT-enablement platform, launched Zyter Smart Agriculture. Zyter’s Smart Agriculture solution provides farmers and agronomists with a comprehensive virtual view of the farm ecosystem using data from IoT sensors and AI (artificial intelligence) technologies. It emphasizes automating and optimizing basic crop management procedures to create more sustainable, precision agriculture.
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
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Agriculture and Forestry Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Agriculture and Forestry Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Agriculture and Forestry Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 74: Cargill Incorporated Financial Performance
Table 75: Dairy Farmers of America Inc. Financial Performance
Table 76: Bayer AG Financial Performance
Table 77: West Fraser Timber Co. Ltd. Financial Performance
Table 78: Hancock Victorian Plantations Holdings Pty Limited Financial Performance
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