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

The Farm Product Storage and Warehousing industry's performance depends largely on the performance of the upstream agricultural sector and related international trade. Prices and yields have been the key factors driving industry performance. High production and strong crop yields have driven down agricultural prices over the past five years. Over the five years to 2023, industry revenue is anticipated to grow at a moderately improved rate. Forecasted increases in oil and natural gas prices should improve demand for corn ethanol products, which may increase storage demand...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • High production and strong crop yields have driven down agricultural prices over the past five years
  • A long-term trend has been the rise in demand for agricultural products from developing countries
  • Demand for agricultural products is expected to rebound, placing upward pressure on prices
  • Industry Report - Industry Key Buyers Chapter

    The Farm Product Storage and Warehousing industry has a low level of concentration. The four largest industry operators are expected to only account for 14.5% of industry revenue. Concentration has predominantly remained flat among the industry’s largest operators throughout the period. The largest operators tend to have vertically integrated activities, which ties them to various facets of agricultural activity. However, the prevalence of smaller operators tends to limit overall concentration. Moreover, industry operators are closely tied to localized farm production. This relationship tends to support smaller local entities with strong relationships with the region agricultural community. Non...purchase to read more.

    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 Import penetration into the manufacturing sector in the Farm Product Storage & Warehousing industry impact industry performance..

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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Agricultural price index
  • Import penetration into the manufacturing sector
  • 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

  • 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
    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
    Archer Daniels Midland Company,
  • Table: Archer Daniels Midland Company - financial performance

  • 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
    Table: Industry Data for the Farm Product Storage & Warehousing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Agricultural price index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • 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, primarily made from grains such as corn and soybeans. It is considered to be a renewable fuel with fewer pollutants.
  • Genetic Modification
  • A technique by which specific changes are introduced into a plant or animal's DNA through genetic engineering techniques. The most common modified foods include soybeans, corn and canola.
  • On-Farm Storage
  • Facilities for storing harvested grain on the farm where it is grown.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Farm Product Storage & Warehousing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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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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