How Is The Farm Product Warehousing And Storage Market Segmented?
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
What Is Driving The Farm Product Warehousing And Storage Market? Increase In Retail Penetration Drives The Farm Product Warehousing And Storage Market
The growth in the farm product warehousing and storage market can be attributed to the increasing retail penetration. Increasing retail penetration is expected to propel the growth of the farm product warehousing and storage market going forward. Retail penetration is a measure of how much a product or service is being used by customers compared to the total estimated market for that product or service. Because of the increase in customer demands for products or services, most filers purchase the products store them in warehouses, and sell them according to the demand. For example, in India, in 2022, according to the Retailers Association of India (RAI), an India-based trade association that represents offline retailers and online retailers, India's retail industry reported a 19% increase in sales over pre-pandemic levels from April to November 2022. Therefore, a rise in increasing retail penetration is growing demand for the farm product warehousing and storage market.
What Is Driving The Farm Product Warehousing And Storage Market? Rising Urbanization Drives The Farm Product Warehousing And Storage Market
Rising urbanization is expected to propel the farm product warehousing and storage market going forward. Urbanization refers to the process of increasing the population concentration in urban areas, typically resulting from rural-to-urban migration and natural population growth within cities and towns. Farm product warehousing and storage play a crucial role in urbanization by ensuring a steady supply of fresh and preserved agricultural goods to urban areas. As cities expand and populations grow, the demand for a diverse range of farm products continues to rise. These storage facilities allow for the efficient and safe preservation of produce, grains, and other perishable items, ensuring that urban consumers have access to a consistent and quality food supply. For instance, in October 2022, the World Bank, a USA-based international financial institution published an article that said globally, over 50% of the population lives in urban areas in 2022. By 2045, the world's urban population is expected to increase by 1.5 times to 6 billion. Therefore, the rising urbanization is driving the farm product warehousing and storage market.
Who Are The Major Players In The Global Farm Product Warehousing And Storage Market?
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.
What Are The Key Trends Of The Global Farm Product Warehousing And Storage Market? Advancements In Robotic Solutions For On-Farm Packaging
Major companies in the farm product warehousing and storage market are developing robotic solutions for optimizing packaging tasks on farm. These advanced robotic systems are designed to enhance efficiency and accuracy in the packaging process, reducing labor costs and minimizing errors. For instance, in June 2024, Pace Mechanical Handling Ltd, an England-based automation company, launched the PacePal, an affordable robotic solution tailored for on-farm packing tasks. This innovative robot is designed to effectively manage cartons and cardboard boxes, making it ideal for agricultural operations that need to pack produce like potatoes and carrots in-house. By automating the packing process, the PacePal seeks to alleviate labor shortages in the agricultural sector while boosting productivity and lowering operational costs. Its user-friendly design enables easy integration into existing workflows, facilitating a smoother transition to automated packing solutions on farms.
What Are The Key Trends Of The Global Farm Product Warehousing And Storage Market? Strategic Collaborations In The Farm Product Warehousing And Storage Market
Major companies operating in the farm product warehousing and storage market enter into strategic partnerships and collaborations to sustain their position in the market. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in April 2023, WayCool Foods, an India-based agricultural supply chain company, entered into a partnership with Central Warehousing Corporation, an India-based statutory body to strengthen the supply chain management for agricultural products. The partnership aims to enhancing the ecosystem for every player and provides WayCool with dedicated warehousing and incidental services including handling and transportation and pest control among others from Central Warehousing Corporation. The partnership also aims to improve supply chain efficiency and reduce wastage.
Regional Outlook For The Global Farm Product Warehousing And Storage Market
North America was the largest region in the farm product warehousing and storage market in 2024. The regions covered in the farm product warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
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.
What Defines the Farm Product Warehousing And Storage Market?
The farm product warehousing and storage market includes revenues earned by entities by helping in price stabilization of agricultural commodities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Farm Product Warehousing And Storage Industry?
The farm product warehousing and storage market research report is one of a series of new reports from The Business Research Company that provides farm product warehousing and storage market statistics, including farm product warehousing and storage industry global market size, regional shares, competitors with a farm product warehousing and storage market share, detailed farm product warehousing and storage market segments, market trends and opportunities, and any further data you may need to thrive in the farm product warehousing and storage industry. This farm product warehousing and storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
