PUBLISHER: The Business Research Company | PRODUCT CODE: 1662482
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662482
Agriculture and forestry services encompass the management of agricultural and forest systems, involving structures, land, or buildings for the purchase and sale of commodities and services essential to support operations in these sectors. These services are integral for activities such as crop management, forest management, land conservation, and carbon sequestration.
The main types of agriculture and forestry services include timber production, wood technology, forestry economics and marketing, and others. Timber production involves the entire process of growing, harvesting, processing, and distributing wood from trees. Techniques such as sawmilling, planning, and drying are employed in this process. Agriculture and forestry services can be classified based on nature, such as organic and conventional, and these services find applications in the construction and industrial goods sectors.
The agriculture and forestry services market research report is one of a series of new reports from The Business Research Company that provides agriculture and forestry services market statistics, including agriculture and forestry services industry global market size, regional shares, competitors with a agriculture and forestry services market share, detailed agriculture and forestry services market segments, market trends and opportunities, and any further data you may need to thrive in the agriculture and forestry services industry. This agriculture and forestry services 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.
The agriculture and forestry services market size has grown strongly in recent years. It will grow from $359.67 billion in 2024 to $388.41 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to land use and agricultural practices, environmental regulations, market demand for agricultural products, weather and climate patterns, government policies and subsidies.
The agriculture and forestry services market size is expected to see strong growth in the next few years. It will grow to $527.47 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to climate change adaptation, growing focus on sustainable practices, global food security concerns, biodiversity conservation, global population growth. Major trends in the forecast period include agritech startups, increased adoption of remote sensing, growing demand for agricultural analytics, use of blockchain in supply chain management, forestry management and sustainable logging practices.
The increasing environmental concerns are anticipated to drive the growth of the agriculture and forestry services market in the future. Environmental concerns encompass issues such as climate change, pollution, soil degradation, water and air quality deterioration, greenhouse gas accumulation, and declining soil fertility. Agriculture and forestry services assist farmers in adopting sustainable farming practices that minimize their impact on the environment by offering solutions to address climate change, manage soil fertility, and optimize the use of water, pesticides, fertilizers, and herbicides. For instance, in September 2024, the European Court of Auditors, a government agency based in Luxembourg, reported that the European Commission aims for 25% of the EU's agricultural land to be cultivated organically by 2030, a significant increase from 10.5% in 2022. Thus, the rise in environmental concerns is fueling the growth of the agriculture and forestry services market moving forward.
The escalating demand for food is poised to propel the expansion of the agriculture and forestry services market in the foreseeable future. Food is a vital substance containing proteins, carbohydrates, fats, and essential nutrients that sustain an organism's development, vital functions, and energy production. Changes in dietary patterns, particularly in emerging economies, drive increased demand for specific crops and livestock, thereby influencing the required types of agriculture and forestry services. According to The Food and Agriculture Organization's data report, global food production needs to increase by 70% to meet the needs of a projected global population exceeding 9 billion by 2050. Forecasts estimate the food demand to reach approximately 10,094 million tons in 2030 and 14,886 million tons in 2050. Hence, the growing food demand is a driving force behind the agriculture and forestry services market during the forecast period.
Technological advancements are gaining traction within the agriculture and forestry services market. Farm management software, offering real-time data and insights through digital checklists, aids in tracking farmers' daily activities and enhancing decision-making across all operations. Leading companies in agriculture and forestry services are prioritizing product enhancements and related services to expand their market presence. For example, in March 2023, Bushel, a US-based agriculture software firm, introduced Bushel Farm, a next-generation farm management software. This software streamlines individual grain sales data, thereby enhancing the operational efficiency of farms. Bushel Farm digitizes and expedites information flow within the agriculture supply chain, reducing manual entry efforts, providing valuable grain marketing insights, and enabling farmer-buyer collaboration.
Major companies in the agriculture and forestry services sector are concentrating on integrating artificial intelligence to enhance customer service and maintain their competitive edge in the market. The integration of artificial intelligence in agriculture and forestry services involves the use of advanced technologies to optimize decision-making, improve efficiency, and promote sustainability throughout the entire cultivation and forestry management ecosystem. For example, in July 2024, Google, a US-based technology firm, introduced the Agricultural Landscape Understanding (ALU) Tool for India to provide comprehensive agricultural insights. The ALU tool utilizes high-resolution satellite imagery to gather detailed information about agricultural landscapes, allowing for accurate detection of field boundaries and monitoring. It employs machine learning algorithms, and the API analyzes various agricultural data points to deliver actionable insights customized for individual fields, addressing specific needs and challenges. The system provides detailed information, including crop type, field size, distance to water sources, and proximity to markets, which is crucial for effective irrigation planning and drought management.
In June 2022, BASF, a prominent Germany-based chemical producer, completed the acquisition of Horta S.r.l. for an undisclosed sum. This acquisition aligns with BASF's commitment to investing in digital services that endorse sustainable agricultural practices, aligning closely with the objectives outlined in the European Green Deal. Horta S.r.l., headquartered in Italy, specializes in digital farming solutions and offers innovative agronomic decision support systems (DSS) tailored for a variety of crops, including grapes, tomatoes, cereals, and olives.
Major companies operating in the agriculture and forestry services market include Cargill Incorporated, Dairy Farmers of America Inc., Bayer AG, West Fraser Timber Co. Ltd., Hancock Victorian Plantations Holdings Pty Limited, Forestry Corporation of NSW, Rayonier Inc., China Forestry Group Corporation, Tilhill Forestry Ltd., Arbor Forest Management Ltd., SWS Forestry Services Ltd., Premier Woodlands Ltd., Purser Tarleton Russell Ltd., Stora Enso Oyj, Ecoplan Forestry Ltd., Archer Daniels Midland Company, Syngenta AG, BASF SE, Monsanto Company, Deere & Company, The Mosaic Company, CHS Inc., Tyson Foods Inc., Dow AgroSciences LLC, DuPont de Nemours Inc., Agrium Inc., Potash Corporation of Saskatchewan Inc., The Andersons Inc., Agco Corporation, The Scotts Miracle-Gro Company, The Toro Company, CNH Industrial N.V., Kubota Corporation, Olam International Ltd., International Paper Co., Sumitomo Forestry Co. Ltd., UPM-Kymmene Corp., UFP Industries Inc.
North America was the largest region in the agriculture and forestry services market in 2024. The regions covered in the agriculture and forestry services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the agriculture and forestry services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The agriculture and forestry services market includes revenues earned by entities by providing pest control services, weed control services, animal husbandry services, water delivery services, and labor and equipment proving services. 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.
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.
Agriculture and Forestry Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on agriculture and forestry services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for agriculture and forestry services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The agriculture and forestry services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.