Rural Activities Market Characteristics
The rural activities market consists of sales of rural activities produce by entities (organizations, sole traders and partnerships) that undertake rural activities forestry, logging, fishing, hunting, trapping and other forestry support activities. Timber, finfish, shellfish and cotton are the main outputs produced through rural activities.
Competitive Landscape of the Rural Activities Market
Major players in the global Rural Activities market include Olam International, Weyerhaeuser Company, and Austevoll Seafood.
Rural Activities Market Size
The rural activities market size is expected to reach $8 trillion by 2022, significantly growing at a CAGR of around 7% during the forecast period. The growth in the rural activities market is due to increased demand for agriculture and animal produce, driving demand for agriculture support activities, and fishing, hunting activities.
However, the market for rural activities is expected to face certain restraints from several factors such as interest rate increases, workforce issues.
Rural Activities Market Segmentation
The global rural activities market is further segmented based on type and geography.
By Type - The rural activities market is segmented into agriculture and forestry support activities, fishing, hunting and trapping, and forestry and logging among these segments, the agriculture and forestry support activities market accounts for the largest share in the global Rural Activities market.
By Geography - The global rural activities is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific Rural Activities market accounts the largest share in the global rural activities market.
Trends in the Rural Activities Market
Drone fishing, remote sensing in agriculture and aerial seed bombers for reforestation are the major trends witnessed in the global Rural Activities market.
Potential Opportunities in the Rural Activities Market
With increase in positive economic outlook, increasing consumption of wood and wood based products, high-end, and more organic food, the scope and potential for the global rural activities market is expected to significantly rise in the forecast period.