Agriculture and Forestry Services Market to Grow with a CAGR of 5.32% through 2030
Population Growth and Food Demand and Technological Advancements are factors driving the Global Agriculture and Forestry Services market in the forecast period 2026-2030.
According to TechSci Research report, “Agriculture
and Forestry Services Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Agriculture
and Forestry Services Market stood at USD 358.61 billion in 2024 and is
anticipated to grow with a CAGR of 5.32% in the forecast period through 2030.
In recent years, water scarcity has emerged as a critical challenge for the agriculture and forestry sectors, propelling the demand for innovative irrigation services. As climate change continues to disrupt traditional weather patterns, unpredictable rainfall and prolonged droughts have become more frequent, significantly impacting crop yields and forest health. This heightened awareness of water scarcity has spurred a paradigm shift in farming and forestry practices, driving a surge in the adoption of advanced irrigation services. Irrigation services play a pivotal role in mitigating the effects of water scarcity by ensuring efficient water use in agriculture and promoting sustainable forestry practices. Precision irrigation technologies, such as drip and sprinkler systems, have gained prominence for their ability to optimize water distribution, reduce wastage, and enhance crop and forest productivity. These technologies not only address water scarcity concerns but also contribute to resource conservation and environmental sustainability.
Governments and stakeholders in the agriculture and forestry sectors are increasingly recognizing the significance of investing in irrigation services to secure food and timber production in the face of water-related challenges. Subsidies and incentives for adopting water-efficient irrigation practices further fuel the market growth. As the global population continues to rise, and with it, the demand for food and wood products, the role of irrigation services in ensuring reliable and sustainable crop and forest yields becomes increasingly indispensable. In essence, the intersection of water scarcity and irrigation services is reshaping the landscape of agriculture and forestry services, driving a wave of innovation and technological advancement to meet the evolving needs of these vital sectors.
Carbon farming encompasses a range of practices aimed at capturing and storing atmospheric carbon dioxide in soils and vegetation. In agriculture, techniques such as cover cropping, agroforestry, and conservation tillage enhance soil carbon content, fostering both environmental sustainability and increased crop productivity. Similarly, in forestry services, reforestation and sustainable forest management play a crucial role in sequestering carbon, mitigating the impact of deforestation and contributing to biodiversity conservation. The adoption of carbon farming practices is not merely an environmental initiative; it is also a strategic response to market demands. Companies and consumers increasingly prioritize sustainable and eco-friendly products, driving a surge in demand for agricultural and forestry services that actively contribute to carbon sequestration. This trend presents an opportunity for businesses to not only enhance their environmental stewardship but also tap into a growing market for carbon-conscious products.
Governments and industry stakeholders are incentivizing the transition to carbon farming through subsidies and carbon credit programs, further catalyzing its integration into mainstream agricultural and forestry practices. As the agriculture and forestry services market embraces this paradigm shift, carbon farming stands as a beacon, guiding the industry towards a more sustainable and resilient future.
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The Global Agriculture and Forestry Services Market is
segmented into type, nature, application, regional distribution, and company.
Based on type, wood technology is showing the fastest growth in the Agriculture and Forestry Services Market due to several factors. As the demand for sustainable and eco-friendly solutions increases, wood-based products and technologies are gaining significant attention for their potential in sustainable forestry and agricultural practices. Wood technology innovations, such as improved wood processing methods, timber harvesting techniques, and the development of eco-friendly wood products, are contributing to greater efficiency in the sector. Additionally, the rising focus on reducing carbon footprints and enhancing the sustainability of agricultural and forestry practices is driving the adoption of wood-based solutions. These technologies offer significant benefits in terms of reducing waste, improving resource utilization, and increasing the overall productivity of forest resources. As a result, wood technology is rapidly gaining traction and is expected to continue its growth in the agriculture and forestry services market.
Based on the region, Europe region shows the significant growth for the market, a strong emphasis on environmental
sustainability and conservation is driving the agriculture and forestry
services market. The Common Agricultural Policy (CAP) of the European Union
places a significant focus on eco-friendly farming practices, agroforestry, and
responsible forestry management. Precision agriculture technologies, including
satellite imaging and data analytics, are gaining traction to optimize resource
usage and reduce environmental impact. Moreover, the European market is witnessing
a growing trend of organic farming and the production of sustainably sourced
wood products. As consumer awareness of climate change increases, there is a
corresponding demand for products and services that adhere to stringent
environmental standards, providing further impetus to the agriculture and
forestry services market in Europe.
Major companies operating in Global Agriculture
and Forestry Services Market are:
- Cargill Incorporated
- Arbor Forest Management Ltd
- Dairy Farmers of America
- Bayer AG
- West Fraser Timber
- Hancock Victorian Plantations Holdings Pty Limited
- Forestry corporation of NSW
- Rayonier Inc
- China Forestry Group Corporation
- Tilhill Forestry
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“Recent years have witnessed a surge in the adoption
of precision agriculture technologies worldwide. From GPS-guided tractors to
drones and sensor-based monitoring systems, precision agriculture is optimizing
resource utilization, enhancing crop yields, and minimizing environmental
impact. The integration of artificial intelligence and machine learning
algorithms is further refining decision-making processes, allowing for
real-time data analysis and actionable insights.,” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Agriculture and Forestry Services Market –
Global Industry Size, Share, Trends, Opportunity, & Forecast Segmented By Type (Timber Production, Wood Technology, Forestry Economics,
Others), By Nature (Organic, Conventional), By Application (Construction,
Industrial Goods), By Region and Competition, 2020-2030F”, has evaluated the future growth
potential of Global Agriculture and Forestry Services Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Agriculture and Forestry Services
Market.
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