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Steady Expansion Forecast for Farm Product Warehousing And Storage Market, Projected to Reach $141.03 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Farm Product Warehousing And Storage Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for warehousing and storage of farm products has seen marked growth over recent years. The value is expected to rise from $100.11 billion in 2024 to $108.51 billion in 2025, marking a compound annual growth rate (CAGR) of 8.4%. Factors contributing to this growth throughout the historic period include the green revolution, the broadening of global trade, the implementation of quality standards, the advancement of cold chain systems, and an overall increase in agricultural productivity.
Farm Product Warehousing And Storage Market Size Forecast: What's the Projected Valuation by 2029?
The market size for warehousing and storage of agricultural products is projected to experience robust expansion in the coming years, reaching a valuation of $141.03 billion in 2029 with a CAGR of 6.8%. This surge during the forecast period could be driven by the integration of precision farming and IoT, transparent supply chains through blockchain technology, the adoption of green practices, burgeoning e-commerce and direct-to-consumer trends, as well as initiatives by the government to secure food. Modern technology developments, intelligent storage solutions, integrated multi-modal transportation, collaborations and strategic partnerships, along with adaptable storage area usage, are poised to be major trends in the forecast period.
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What Are the Drivers Transforming the Farm Product Warehousing And Storage Market?
The expansion of the farm product warehousing and storage market can be linked to the growth of retail penetration. As retail penetration increases, it is anticipated to drive the further expansion of the farm product warehousing and storage market. Retail penetration is an indicator of the level of usage of a product or service by consumers in comparison to the total potential market for that product or service. This increase in consumer demand for products or services often leads to retailers purchasing products, storing them in warehouses, and selling them based on demand. For instance, the Retailers Association of India (RAI), a trade group representing both offline and online retailers in India, reported a 19% increase in sales over pre-pandemic levels from April to November 2022. Therefore, the escalating retail penetration is fueling the demand for the farm product warehousing and storage market.
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What Long-Term Trends Will Define the Future of the Farm Product Warehousing And Storage Market?
Major players in the agricultural warehousing and storage sector are integrating robotic solutions to streamline their on-site packing requirements. These advanced robotic innovations are designed to improve the effectiveness and precision of packing tasks while decreasing labour expenses and reducing mistakes. For instance, in June 2024, Pace Mechanical Handling Ltd, an automation firm based in England, introduced the PacePal, a cost-effective robotic tool engineered specifically for on-farm packing chores. The robot is created to handle cartons and cardboard boxes efficiently, making it an excellent fit for farming activities requiring in-house packing of produce like potatoes and carrots. By mechanizing the packing procedure, the PacePal helps to fill labour gaps in the agriculture industry, improving efficiency, and reducing operating expenses. Its easy-to-use design ensures seamless incorporation into current operations, allowing for an easier shift towards automated packing solutions on agricultural premises.
Which Segments in the Farm Product Warehousing And Storage Market Offer the Most Profit Potential?
The farm product warehousing and storage market covered in this report is segmented -
1) By Type: Storage Services, Handling Services: Packing Services, Other Types
2) By Ownership: Private, Public, and Bonded
3) By Application: Farm, and Enterprise
Subsegments:
1) By Storage Services: Temperature-Controlled Storage, Bulk Storage, Cold Storage
2) By Handling Services: Loading And Unloading Services, Inventory Management
3) By Transportation Services: Packing Services, Bulk Packing, Retail Packing, Custom Packing Solutions
4) By Other Types: Quality Control Services, Processing Services, Consultation Services
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Which Firms Dominate the Farm Product Warehousing And Storage Market by Market Share and Revenue in 2025?
Major companies operating in the farm product warehousing and storage market include Archer-Daniels-Midland Company, Cargill Incorporated, CBH Group, Americold Realty Trust, Lineage Logistics Holdings LLC, AGRO Merchants Group LLC, United States Cold Storage Inc., VersaCold Logistics Services, Burris Logistics, Hanson Logistics Inc., Interstate Warehousing Inc., NewCold Advanced Cold Logistics, Kloosterboer Group B.V., Confederation Freezers LP, Trenton Cold Storage Inc., Emergent Cold LLC, Snowman Logistics Limited, Gruppo Marconi Logistica Integrata S.p.A., Frialsa Frigoríficos S.A. de C.V., Friozem Armazéns Frigoríficos Ltda., Eurofrigo BV, Richmond Cold Storage Company Inc., CS2 Transport Ltd., Great Lakes Cold Storage Inc., Seafrigo USA Inc., Stockhabo S.p.A.
Which Regions Offer the Highest Growth Potential in the Farm Product Warehousing And Storage Market?
The countries covered in the farm product warehousing and storage market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
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