Farm Product Storage & Warehousing in the US - Industry Market Research Report

Farm Product Storage & Warehousing in the US - Industry Market Research Report

Farm Product Storage & Warehousing in the US

Companies in the Farm Product Storage and Warehousing industry operate bulk farm product warehousing and storage facilities. Industry performance depends on the agricultural market and related international trade, as storage companies generate revenue by transporting, storing and packing agricultural goods. Farm-level decisions on when and how much of that agricultural output to store are subject to numerous influences that may be volatile in nature. Due to this, industry performance shifts each year. For example, weather patterns affect crop yields, while global production and demand drive prices. Based on these factors, farmers decide what products to store to maximize profit in a given season. Altogether, Farm Product Storage and Warehousing industry revenue has inched downward at a CAGR of 0.8% over the past five years and is expected to total $977.8 million in 2023, when revenue will jump by an estimated 0.9%.

This industry operates bulk farm product warehousing and storage facilities, except refrigerated storage. Warehouses generally provide facilities and storage services for agricultural goods and are responsible for maintaining their security and condition. However, warehouses do not take ownership of or sell those goods. Most operators are involved in storing grain and other farm products.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.