Sugarcane Harvesting in the US
The US Sugarcane Harvesting industry has experienced spikes and drops in revenue over the five years to 2019. Global weather patterns are largely responsible for fluctuations in price and production, which directly influence revenue. The industry has been highly volatile over the past five years, and is expected to decline during the five-year period. Industry profitability is less volatile than revenue, though it is still subject to weather conditions, sugar prices and circumstances in the downstream Sugar Processing industry (IBISWorld report 31131). Nonetheless, the industry is headed for major challenges over the next five years.
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.
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