PUBLISHER: The Business Research Company | PRODUCT CODE: 1712701
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712701
Farm product warehousing and storage facilities serve as essential locations for storing agricultural produce, offering crucial storage solutions to farmers to safeguard their crops from weather-related damage, particularly from rain.
The main categories within farm product warehousing and storage encompass storage services, handling services, packing services, and other related services. Storage services specifically involve the practice of storing and maintaining goods within a warehouse setting. These facilities find applications within farms and enterprises, catering to the needs of various entities, including private, public, and bonded establishments.
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.
The farm product warehousing and storage market size has grown strongly in recent years. It will grow from $100.11 billion in 2024 to $108.51 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to the green revolution, expansion of global trade, the introduction of quality standards, cold chain development, and increased agricultural productivity.
The farm product warehousing and storage market size is expected to see strong growth in the next few years. It will grow to $141.03 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to precision agriculture and IoT integration, blockchain for supply chain transparency, adoption of sustainable practices, e-commerce and direct-to-consumer trends, and government initiatives for food security. Major trends in the forecast period include technological advancements, smart warehousing solutions, multi-modal transportation integration, collaborations and partnerships, and flexibility in storage space usage.
The expansion of the farm product warehousing and storage market can be linked to the rising retail penetration. This increasing retail penetration is projected to drive the growth of the farm product warehousing and storage market in the future. Retail penetration indicates the extent to which customers utilize a product or service compared to the total estimated market for that offering. As customer demand for products and services grows, many suppliers purchase goods, store them in warehouses, and sell them based on demand. For instance, in India, the Retailers Association of India (RAI), a trade association representing both offline and online retailers, reported a 19% increase in retail sales from April to November 2022, compared to pre-pandemic levels. Thus, the rise in retail penetration is contributing to the growing demand for farm product warehousing and storage solutions.
The upward trend in urbanization serves as a catalyst for the farm product warehousing and storage market. As populations concentrate in urban areas, the demand for farm products in these regions intensifies. Warehousing and storage facilities play a pivotal role in ensuring a consistent supply of agricultural goods to urban centers. The World Bank's publication in October 2022 highlighted that over 50% of the global population lived in urban areas in 2022, with an anticipated increase to 6 billion by 2045. This burgeoning urbanization underpins the escalating need for efficient storage and distribution of farm produce.
Leading companies in the farm product warehousing and storage market are developing robotic solutions to optimize packaging tasks on farms. These advanced robotic systems aim to improve efficiency and accuracy in the packaging process, which helps reduce labor costs and minimize mistakes. For example, in June 2024, Pace Mechanical Handling Ltd, a UK-based automation company, introduced the PacePal, an economical robotic solution specifically designed for on-farm packing tasks. This innovative robot efficiently handles cartons and cardboard boxes, making it well-suited for agricultural operations that need to pack produce such as potatoes and carrots in-house. By automating the packing process, the PacePal addresses labor shortages in the agricultural sector while enhancing productivity and decreasing operational costs. Its user-friendly design allows for easy integration into existing workflows, ensuring a smoother transition to automated packing solutions on farms.
Major companies are forging strategic partnerships and collaborations to fortify their market standing. These alliances, aimed at leveraging mutual strengths and resources, facilitate improved supply chain management and efficiency. An example is WayCool Foods' collaboration with Central Warehousing Corporation in April 2023, enhancing supply chain operations for agricultural products in India. This partnership provides dedicated warehousing and related services, aiming to enhance overall efficiency and minimize wastage in the supply chain.
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 Frigorificos S.A. de C.V., Friozem Armazens Frigorificos Ltda., Eurofrigo BV, Richmond Cold Storage Company Inc., CS2 Transport Ltd., Great Lakes Cold Storage Inc., Seafrigo USA Inc., Stockhabo S.p.A.
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, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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.
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.
Farm Product Warehousing And Storage 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 farm product warehousing and storage 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 farm product warehousing and storage ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The farm product warehousing and storage 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.