Insights Into The Farm Product Warehousing And Storage Market’s Growth Opportunities Through 2023-2032 – Includes Farm Product Warehousing And Storage Market Report
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increasing retail penetration are expected to drive innovation in farm product warehousing and storage manufacturing, thus driving the market during the forecast period.
The global farm product warehousing and storage market is expected to grow from $83.45 billion in 2022 to $89.56 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The farm product warehousing and storage market size is expected to grow from $114.92 billion in 2027 at a CAGR of 6.4%.
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Global Farm Product Warehousing And Storage Market Segments Include:
- By Type: Storage Services, Handling Services: Packing Services, Other Types
- By Application: Farm, and Enterprise
- By Ownership: Private, Public, and Bonded
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global farm product warehousing and storage market in 2021.
Major Market Players in the farm product warehousing and storage market include Archer Daniels Midland Company, Cargill, and CBH Group.
Warehouse operators are now constructing multi-story warehouses in densely populated cities and expensive land spaces. A multi-story warehouse is a warehouse consisting of more than one floor designed to increase the usable floor space per square foot of land. It results in a better land utilization rate and enhances operational efficiency. Multi-story warehouses have been successful in densely populated cities predominantly in Asian countries such as China, Japan, Hong Kong, and Singapore, due to high land and construction costs, small site areas, and limited industrial land availability. Multi-story warehouses in Hong Kong average 12 floors. Prologis, the world’s biggest warehouse owner, has also started construction to build the first multi-story warehouse in the USA.
The Farm Product Warehousing And Storage Global Market Report 2023 provides a farm product warehousing and storage market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The farm product warehousing and storage market forecast analyzes farm product warehousing and storage market size, farm product warehousing and storage market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Farm product warehousing and storage refers to a place for storing agricultural products that helps to provide farm product warehousing and storage facilities and services. Farmers use it to store various types of crops that get affected by rain.
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