Global Commodity Services Market By Service Type (Logistics and Transportation, Warehousing and Storage, Risk Management Services, Financial Trading and Brokerage, Consulting and Advisory Services), By End-User Industry (Agriculture, Energy, Metals and Mining, Chemicals, Food and Beverages, Retail and Distribution), By Technology (Blockchain, Artificial Intelligence (AI), Internet of Things (IoT), Data Analytics, Cloud Computing), and By Region; Global Insights & Forecast (2023 – 2030)

As per Intent Market Research, the Commodity Services Market was valued at USD 19.7 Billion in 2024-e and will surpass USD 35.9 Billion by 2030; growing at a CAGR of 10.5% during 2025-2030.

The global commodity services market plays a pivotal role in facilitating the trading, storage, and distribution of essential goods, including energy, metals, agricultural products, and chemicals. As the world becomes increasingly interconnected, these services have become vital in ensuring that commodities flow seamlessly across borders, reaching their final destinations with minimal disruption. From logistics and risk management to financial trading and technological advancements, commodity services are evolving to meet the growing demands of industries that rely heavily on the continuous movement of raw materials. The rapid adoption of emerging technologies such as AI, blockchain, and IoT is driving innovation and efficiency in the sector, while ensuring better market insights, operational agility, and transparency in transactions.

Logistics and Transportation Segment Is Largest Owing to Its Vital Role in Global Trade

Logistics and transportation is the largest segment within the commodity services market, owing to its fundamental role in connecting producers and consumers across the globe. The transportation of bulk goods, including oil, gas, metals, and agricultural products, requires a robust infrastructure and efficient supply chain solutions. As global trade volumes increase and markets expand, logistics and transportation services are in constant demand. They encompass a wide range of activities, including freight management, shipping, and air cargo services, which ensure that commodities are delivered efficiently and on time.

The growing complexity of international trade, along with the expansion of e-commerce and retail supply chains, has further driven the need for efficient logistics systems. Additionally, innovations in transportation, such as digital tracking and automated routing systems, have enhanced the ability to respond quickly to shifting market demands and disruptions. Logistics and transportation are set to remain the cornerstone of the commodity services market, given their indispensable role in maintaining the flow of goods and supporting the wider global economy.

Artificial Intelligence Segment Is Fastest Growing Owing to Its Impact on Efficiency

The artificial intelligence (AI) segment is the fastest-growing subsegment in the commodity services market, transforming industries by automating processes, optimizing decision-making, and improving risk management. AI's ability to process large volumes of data in real-time and derive actionable insights has proven invaluable in commodity trading, forecasting market trends, and enhancing operational efficiency. In risk management services, AI helps businesses anticipate market volatility and manage financial exposure more effectively, improving their ability to hedge against unpredictable shifts in commodity prices.

As AI continues to advance, its applications are expanding beyond just predictive analytics and automation. Machine learning algorithms are now being used to monitor and optimize commodity logistics, track supply chain disruptions, and improve market analysis for traders and brokers. The growing adoption of AI in sectors such as agriculture, energy, and manufacturing has created a fast-paced growth trajectory for this segment, positioning it as a key driver of future market developments.

Agriculture End-User Industry Is Largest Owing to Growing Global Demand for Food Products

The agriculture sector is the largest end-user industry in the commodity services market, largely due to the increasing global demand for food products. As the global population continues to grow, the need for agricultural commodities, such as grains, oilseeds, and livestock, is on the rise. This demand has driven significant investments in efficient commodity services, including transportation, risk management, and storage solutions to ensure the seamless supply of raw materials to food production facilities.

In addition to meeting food demand, agricultural commodity services are increasingly incorporating technology, such as data analytics and AI, to improve productivity and mitigate risks. The sector is also witnessing a shift toward more sustainable and traceable supply chains, where services like risk management and logistics play a crucial role in maintaining food security and ensuring compliance with global regulations. As the agricultural industry's need for optimized services grows, it remains the largest sector within the commodity services market.

North America Region Is Largest Owing to Strong Infrastructure and Technological Advancements

North America is the largest region in the commodity services market, driven by its strong infrastructure, technological advancements, and well-established trading platforms. The United States, in particular, plays a dominant role in energy and metals trading, with well-established transportation systems, warehousing capabilities, and a robust financial services sector. The growth of digital technologies, including blockchain, AI, and IoT, has further strengthened North America's position as a hub for innovation in the commodity services space.

The region’s leadership in commodity trading is supported by the presence of global players, well-regulated markets, and a favorable business environment. North America also stands at the forefront of sustainable commodity trading, with companies increasingly adopting technologies that improve efficiency and transparency in supply chains. As a result, the region is expected to continue dominating the market while further driving advancements in commodity services.

Leading Companies and Competitive Landscape

The competitive landscape of the commodity services market is marked by the presence of several leading global players, each offering a diverse array of services across various industries. Companies such as Glencore, Vitol Group, Trafigura, and Mercuria are at the forefront of commodity trading and brokerage services. These companies leverage their extensive networks and expertise in trading raw materials such as oil, gas, metals, and agricultural products, making them key players in the market.

The rise of technology-driven companies, particularly those integrating blockchain, AI, and data analytics, has created new opportunities and increased competition. Firms like S&P Global Platts, Hartree Partners, and Olam Group are capitalizing on these technologies to optimize risk management, improve trading efficiency, and offer more transparent and secure commodity transactions. As the market continues to evolve, both traditional players and emerging tech-driven firms will vie for dominance, creating a dynamic and competitive landscape. The shift toward sustainable and digital solutions is expected to shape the future of the commodity services market, further driving innovation and market expansion.

Recent Developments:

• Vitol Group announced the acquisition of a strategic stake in Sinopec, strengthening its position in the global energy commodity trading market, focusing on the Asia Pacific region.
• Trafigura Group launched a new financial risk management service designed for small and medium-sized enterprises in the agriculture sector to help mitigate the impact of commodity price fluctuations.
• ExxonMobil Corporation expanded its trading platform by integrating blockchain technology for more efficient and transparent oil trading, aimed at enhancing transaction speed and reducing operational costs.
• Olam Group secured regulatory approval for its new sustainable commodities trading platform that focuses on transparent sourcing of agricultural goods, targeting more sustainable farming practices.
• BP PLC completed a merger with Global LNG Partners, consolidating its portfolio in the energy sector and expanding its reach in the liquefied natural gas (LNG) market.\

List of Leading Companies:

• Glencore International AG
• Trafigura Group Pte. Ltd.
• Vitol Group
• Mercuria Energy Group
• Gunvor Group Ltd.
• Royal Dutch Shell
• BP PLC
• ExxonMobil Corporation
• Marubeni Corporation
• Toyota Tsusho Corporation
• Sumitomo Corporation
• Mitsui & Co. Ltd.
• S&P Global Platts
• Hartree Partners, LP
• Olam Group

Report Scope: