The Global Rural Activities Market Will Grow To $1.8 Trillion By 2021 According To TBRC’s Latest Report

The rural activities industry consists of establishments involved in cotton ginning, soil preparation, planting, and cultivating, crop harvesting, postharvest crop activities, farm labor contractors and crew leaders, farm management services, support activities for animal production, support activities for forestry, finfish fishing, shellfish fishing, other marine fishing, hunting and trapping, timber tract operations, forest nurseries and gathering of forest products and logging.

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The rural activities market will increase from $1.3 trillion in 2017 to $1.8 trillion by 2021. An increased consumption of wood and wood based products will drive the market for forestry and logging, which is considered as one of the reason for rural market industry’s growth.

In the report, the rural activities industry is divided into three segments: forestry and logging, fishing, hunting and trapping, and agriculture and forestry support activities. Unsurprisingly, agriculture and forestry support activities and forestry and logging segments account for three-fourths of the rural activities industry’s market size, while the rest of the market is allocated with fishing, hunting and trapping segment.

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China was the biggest player in the rural activities market in 2017. This was a result of the large consumer population in the country and high public investment in the country’s agriculture and manufacturing industries. China was followed by India, the USA and Brazil. According to The Business Research Company the top most competitors in the market are Olam International, Weyerhaeuser Company and Austevoll seafood.

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This release was published on openPR.