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Home › Industry Metrics › NAICS 11321

NAICS 11321 - Forest Nurseries and Gathering of Forest Products

NAICS 11321 - FOREST NURSERIES AND GATHERING OF FOREST PRODUCTS
NAICS 11321 Forest Nurseries and Gathering of Forest Products
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This industry comprises establishments primarily engaged in (1) growing trees for reforestation and/or (2) gathering forest products, such as gums, barks, balsam needles, rhizomes, fibers, Spanish moss, ginseng, and truffles.

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This industry comprises establishments primarily engaged in (1) growing trees for reforestation and/or (2) gathering forest products, such as gums, barks, balsam needles, rhizomes, fibers, Spanish moss, ginseng, and truffles.

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NAICS 11 Agriculture, Forestry, Fishing and Hunting
NAICS 113 Forestry and Logging
NAICS 1132 Forest Nurseries and Gathering of Forest Products
NAICS 11321 Forest Nurseries and Gathering of Forest Products
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Industry trends

The Forest Nurseries and Gathering of Forest Products industry (NAICS 11321) is undergoing several qualitative trends shaped by current environmental, economic, and technological dynamics. One of the most notable trends is the increasing emphasis on sustainability and environmental stewardship. This includes the adoption of carbon offset projects and certification programs such as Forest Stewardship Council (FSC) certification, which ensure that products are sourced from responsibly managed forests.

Technological advancements are also influencing the industry. The use of drones and remote sensing technology is improving forest management practices by enabling more accurate mapping and monitoring of forest health. Additionally, advancements in biotechnology are being applied to develop pest-resistant tree species, thereby enhancing productivity and reducing losses.

The market for non-timber forest products (NTFPs), such as mushrooms, berries, and medicinal plants, is expanding, driven by consumer interest in organic and natural products. This shift is opening new revenue streams for forest nurseries that diversify their offerings beyond traditional timber and sapling production.

Looking ahead, the industry may see increased government support and funding aimed at promoting reforestation and afforestation projects as part of broader climate change mitigation strategies. There is also likely to be continued growth in demand for sustainably sourced forest products, driven by both consumer preferences and corporate sustainability commitments. Overall, the industry’s future looks promising, with innovation and sustainability at its core.

  • Investment in renewable energy and grid modernization continues to accelerate.
  • Regulatory changes and sustainability initiatives are shaping long-term growth.
  • Operational efficiency and technology adoption are key focus areas.

Industry Comparison

How this industry compares to all industries.

Return on Investment (ROI) 1%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 11%

Loan Failure Rate 8%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 58%

Total Companies in this Industry 11
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Explore related industries

  • NAICS 11321 Forest Nurseries and Gathering of Forest Products
  • NAICS 113210 Aromatic wood gathering
  • NAICS 113210 Balsam needles gathering
  • NAICS 113210 Bark gathering
  • View all related industries

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