What Fueled The Previous Growth In The Agriculture and Forestry Services Market?
The agriculture and forestry services market has seen considerable growth due to a variety of factors.
• The market size of agricultural and forestry services has seen a solid growth in the past few years. It is projected to increase from $359.67 billion in 2024 to $388.41 billion in 2025 with a compound annual growth rate (CAGR) of 8.0%. Factors such as land use and farming methodologies, environmental norms, consumer demand for agriculture products, alterations in weather and climatic patterns, and governmental rules and subventions have contributed to this historic growth.
What Can Be Expected from the Agriculture and Forestry Services Market Size In The Coming Years?
The Agriculture and Forestry Services market is expected to maintain its strong growth trajectory in upcoming years.
• The market for agriculture and forest services is anticipated to experience significant growth in the coming years, and is projected to reach a value of $527.47 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.0%.
A variety of factors are contributing to this predicted growth, including efforts to adapt to climate change, a heightened emphasis on sustainability, global attempts to secure food supplies, biodiversity preservation, and worldwide population growth. Key trends expected to define this forecasting period include the emergence of agritech startups, a rise in the use of remote sensing, an increasing demand for agriculture-based analytics, the implementation of blockchain technology in supply chain management, and the execution of sustainable practices in forestry management and logging.
What Are the Critical Driver Fuelling The Agriculture and Forestry Services Market's Growth?
Increasing environmental worries are anticipated to fuel the expansion of the agriculture and forestry services market. These worries encompass issues such as climate change, pollution, soil degradation, water and air contamination, greenhouse gas entrapment, and diminishing soil fertility. Agricultural and forestry services aid farmers in pursuing sustainable farming methods by providing strategies to mitigate climate change impacts, restore soil fertility, and manage water, pesticide, fertilizers, and herbicide use. For example, in September 2024, the European Court of Auditors, a governmental body based in Luxembourg, announced that the commission aims for 25% of EU's farmland to be organically managed by 2030 – a significant increase from 10.5% in 2022. Therefore, the augmentation of environmental worries is catalyzing the growth of the agriculture and forestry services market.
How Is The Agriculture and Forestry Services Market segmented?
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
Subsegments:
1) By Timber Production: Timber Harvesting, Log Transportation, Timber Processing
2) By Wood Technology: Wood Products Manufacturing, Wood Preservation Techniques, Composite Wood Materials
3) By Forestry Economics And marketing: market Analysis And Forecasting, Cost-Benefit Analysis, Timber Pricing Strategies
4) By Other Forestry Services: Reforestation Services, Forest Management Consulting, Wildlife Habitat Management
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What New Trends Are Influencing The Agriculture and Forestry Services Market?
The agricultural and forestry services market is experiencing a rise in popularity of technological developments. Software for farm management offers real-time data and information from digital checklists, aiding in monitoring of daily farmer activities and bolstering decision-making throughout all tasks. Key companies within the agriculture and forestry services sector are putting their focus on the enhancement of their products and associated services in order to expand their market presence. For instance, March 2023 saw the launch of Bushel Farm by Bushel, an agriculture-based software company in the US. The advanced farm management software auto-fills each grain sales data, thereby enhancing the operational and functional aspects of the farm. The Bushel Farm helps to digitize and pace up the information flow through the agricultural supply chain. The software minimizes the need for manual input and offers critical grain marketing ideas to the farmers, while also facilitating communication between farmers and buyers.
Who Are the Key Players In The Agriculture and Forestry Services Market?
Major companies operating in the agriculture and forestry services market include:
• Cargill Incorporated
• Dairy Farmers of America Inc.
• Bayer AG
• West Fraser Timber Co. Ltd.
• Hancock Victorian Plantations Holdings Pty Limited
• Forestry Corporation of NSW
• Rayonier Inc.
• China Forestry Group Corporation
• Tilhill Forestry Ltd.
• Arbor Forest Management Ltd.
• SWS Forestry Services Ltd.
• Premier Woodlands Ltd.
• Purser Tarleton Russell Ltd.
• Stora Enso Oyj
• Ecoplan Forestry Ltd.
• Archer Daniels Midland Company
• Syngenta AG
• BASF SE
• Monsanto Company
• Deere & Company
• The Mosaic Company
• CHS Inc.
• Tyson Foods Inc.
• Dow AgroSciences LLC
• DuPont de Nemours Inc.
• Agrium Inc.
• Potash Corporation of Saskatchewan Inc.
• The Andersons Inc.
• Agco Corporation
• The Scotts Miracle-Gro Company
• The Toro Company
• CNH Industrial N.V.
• Kubota Corporation
• Olam International Ltd.
• International Paper Co.
• Sumitomo Forestry Co. Ltd.
• UPM-Kymmene Corp.
• UFP Industries Inc.
What Is The Most Dominant Region In The Agriculture and Forestry Services Market?
North America was the largest region in the agriculture and forestry services market in 2024. 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
