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(MoneyNewsWire.Net, August 22, 2018 ) Rural activities industry includes establishments involved in cotton ginning, soil preparation, planting, and cultivating, crop harvesting, forest nurseries and gathering of forest products and logging and similar activities.
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The global rural activities market has shown rapid growth in the past years with a CAGR of about 8%. In the year 2017, this industry recorded highest ever growth with a net value of more than $1.5 trillion, as per TBRC’s inhouse consultants.
TBRC’s report show latest trends in the rural activities market for each year with sourced reasons to support the growth claims.
The report also calculates rural activities market to grow at a similar CAGR till 2021, along with geographies best suited for investments with highest return rate.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=198&type=smp
The forestry and logging activity segment recorded the highest growth out of all the sectors with a CAGR of about 10% in 2017, followed by agriculture and forestry support activities with a CAGR of 8%, which in turn is expected to decline by 2021.
Forestry and logging is also the smallest segment in the market with 25% market share, and a market value of more than $300 billion. The growth in this sector is attributed to market factors which include high demand of timber in recent years due to increased population, increased market opportunity in Asia pacific, and improvement in logging technology for increased efficiency.
Companies included in the report are Olam International, Weyerhaeuser Company, and Austevoll Seafood.
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