Plentiful harvest: Increasing demand from biofuel producers supports a return to industry growth

IBISWorld’s Farm Product Storage & Warehousing 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.


Industry Threats & Opportunities

  • Russia’s ban on wheat exports underpinned the demand from US wheat farmers
  • A long-term trend has been the rise in demand for agricultural products from developing countries
  • Demand from crop farming is expected to grow over the next five years

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    Industry Analysis & Industry Trends

    The Farm Product Storage and Warehousing industry's performance depends largely on the performance of the upstream agricultural sector and related international trade. Industry operators generate revenue by transporting, storing and packing agricultural goods. Over the five years to 2022, industry revenue is anticipated to continue its decline. Demand from soybean farming is forecast to decline and corn farming is anticipated to only grow slightly. Overall crop production exhibits long-term stable trends, as demand is relatively inelastic...

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    Industry Report - Industry Locations Chapter

    Industry operators are primarily located in high crop-yield states. The Southeast region has the greatest concentration of establishments due to the region's favorable crop-growing weather and favorable shipping location. The region accounts for 25.7% of the US population and is home to a high level of ports for exports. Currently, the Southeast is expected to account for 37.4% of industry operators. The Southeast region hosts major ports which function as gateways to international markets. A decrease in the region's share of establishments is partially due to the decline in export demand for US grains. How..

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    Additional Insights for the Farm Product Storage & Warehousing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Farm Product Storage & Warehousing Industry are

  • Proximity to transport
  • Access to the latest available and most efficient technology and techniques
  • Appropriate climatic conditions
  • IBISWorld analysts also discuss how external factors such as Agricultural price index and Trade-weighted index in the Farm Product Storage & Warehousing industry impact industry performance..

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    Industry Products

    What is the Farm Product Storage & Warehousing Industry?

    This industry operates bulk farm product warehousing and storage facilities (except refrigerated). 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. The majority of this industry is involved in storing grain and other farm products.

    Industry Products
    Storage services
    Handling services
    Packing services
    Industry Activities
    Bonded warehousing of farm products
    Farm product warehousing and storage
    Grain elevator storage
    Warehousing farm products

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Agricultural price index
  • Trade-weighted index
  • Per capita sugar and sweetener consumption
  • Per capita wheat flour consumption
  • Population

  • Current Performance
  • Growth Factors
  • Drags on revenue
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Agricultural prices and trade
  • Genetic modification
  • Table: Farm Product Storage & Warehousing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Farm Product Storage & Warehousing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Soybean Farming
  • Oilseed Farming
  • Corn Farming
  • Wheat, Barley & Sorghum Farming
  • Hay & Crop Farming

  • Key Selling Industries
  • Forklift & Conveyor Manufacturing
  • Metal Tank Manufacturing
  • Pesticide Manufacturing
  • Steel Framing
  • Tractors & Agricultural Machinery Manufacturing

  • Products & Services
  • Storage services
  • Handling services
  • Packing services
  • Other
  • Chart: Farm Product Storage & Warehousing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Soybean farmers
  • Corn farmers
  • Wheat farmers
  • Other
  • Chart: Major Market Segmentation for the Farm Product Storage & Warehousing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages and depreciationRent, Utilities and other
  • Chart: Cost Structure Benchmarking – Sector vs Farm Product Storage & Warehousing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Farm Product Storage & Warehousing Industry

  • Industry Globalization
    Major Companies
    Archer Daniels Midland Company
  • Table: Archer Daniels Midland Company - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Farm Product Storage & Warehousing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Farm Product Storage & Warehousing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Agricultural price index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • Fuels made from organic materials such as ethanol and biodiesel.
  • Country Elevator
  • Grain elevators that receive grain directly from producers for storage, prior to transportation
  • Ethanol
  • A form of alcohol used as a fuel, which is primarily made from grains such as corn and soybeans. It is considered to be a renewable fuel with fewer pollutants.
  • Genetically Modified
  • A technique where specific changes are introduced into a plant or animal's DNA by genetic engineering techniques. The most common modified foods include soybeans, corn and canola.
  • On-Farm Storage
  • Farms that have their own facilities for storing harvested grain.
  • Oxidant
  • A substance that oxidizes another element or compound by accepting electrons in a chemical reaction.
  • Terminal
  • Grain elevators that receive grain after inspection and then clean, store, and treat grain before moving it forward
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    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Farm Product Storage & Warehousing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Farm Product Storage & Warehousing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Farm Product Storage & Warehousing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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