The US Sugarcane Harvesting industry has experienced spikes and drops in revenue over the five years to 2015. Global weather patterns are largely responsible for fluctuations in price and production, which directly influence revenue. Sugar prices skyrocketed during the 2010 growing season due to heavy rainfall that harmed crops in Brazil, the world's leading sugarcane producer. Consequently, the disruption in the global supply of sugar boosted demand for US downstream sugar products. The industry is headed for major challenges over the next five years. However, an opportunity lies in commercial ethanol production. Currently, bagasse, a by-product of sugarcane processing, is used to self-sustain sugar mills in the United States. Thus, if ethanol production from bagasse is pursued on a larger scale, it will revive demand for the 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.