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Sugarcane Harvesting in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Sugarcane Harvesting Market Research Report | NAICS 11193 | Dec 2013

Bitter future: Falling demand and less government support will cause revenue to dip

IBISWorld’s Sugarcane Harvesting market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 08-13
11.6%
Annual Growth 13-18
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Profit
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Employment
4,387
Businesses
454
Industry Analysis & Industry Trends

After a global sugar shortage caused sugarcane demand to jump, the industry faces more tepid conditions in the coming years. Consumers' growing health-consciousness will cause them to curtail their sugar consumption. Furthermore, the US government is easing its level of protection for sugar processors, who previously enjoyed inflated domestic sugar prices and a low level of import penetration. The scaled-back federal support for the downstream sugar-processing industry will in turn hurt sugarcane farmers... purchase to read more

Industry Report - Industry Investment Chapter

Compared with the rest of the farming sector, capital intensity in the Sugarcane Harvesting industry is high. IBISWorld estimates that for every dollar spent on labor, $1.05 is spent on capital. In 2007 (the latest data available from the US Census of Agriculture), the average value of machinery and equipment per sugarcane farm totaled $602,944. This figure is significantly higher than the crop-farming sector's average of $108,515. Expensive tractors, harvesters and irrigation systems are commonly featured on sugarcane farms and are treated as depreciable assets. Much of the equipment purchased comprises start-up costs, which creates a barrier to entry for potential sugarcane harvesters... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Sugarcane Harvesting Industry?

Farmers in this industry primarily grow sugarcane, a tall tropical grass originating in Southeast Asia. Scientifically known as Saccharum officinarum, its thick stems are a major commercial source of sugar.

Industry Products
SeedsMilled sugarRefined sugarBagasse
 
Industry Activities
Sugarcane farmingSugar, field production


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