Global Blockchain in Agriculture and Food Supply Chain Market, By Application (Smart Contracts, Payment and Settlement, Product Traceability, Tracking, and Visibility, Governance, Risk, Compliance Management), Organization Site (Large Enterprises, Small and Medium Scale (SMEs) Enterprises), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Blockchain in Agriculture and Food Supply Chain Market
Blockchain in agriculture and food supply chain market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 7.00% in the above-mentioned forecast period. Rising concerns for food safety among consumers demanding transparency in the supply chain drives the blockchain in agriculture and food supply chain market.
Blockchain is a type of chain which is deployed using technology that provides a shared ledger or distributed ledger technology (DLT). This ledger generally contains information and details of records and transaction in block structure. These blocks are tamper-proof and immutable which means that the data in these blocks are not permitted for altering or modifying. This security feature makes blockchain useful for the numerous network such as consumers, farmers, retailers among others to record and share information with security, transparency, and speed.
Rise in popularity of blockchain among retailers/distributors for better supervision & data management is a vital factor escalating the market growth, also increasing growth in online trading and tracking systems enhancing the need for blockchain solutions during COVID-19, increasing food wastage and post-harvest losses, rising adoption of emerging technologies such as blockchain and analytics technologies, rising deployment of blockchain technology for agriculture and food supply chain analysis in order to achieve transparency in supply chain and to reduce food production frauds are the major factors among others driving the blockchain in agriculture and food supply chain market briskly. Moreover, rise in funding and investments in agri-food blockchain, growing smart agricultural systems and increasing government initiatives to support modern technique will further create new opportunities for the blockchain in agriculture and food supply chain market in the forecast period of 2021- 2028.
However, increasing limited availability of technical skillset for implementing and managing blockchain applications and increasing uncertainty in regulations and standards are the major factors among others acting as restraints, while increasing data mismanagement among growers during precision farming and increasing in the lack of standardization of data will further challenge the blockchain in agriculture and food supply chain market in the forecast period.This blockchain in agriculture and food supply chain market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on blockchain in agriculture and food supply chain market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Blockchain in Agriculture and Food Supply Chain Market Scope and Market Size
Blockchain in agriculture and food supply chain market is segmented on the basis of application and organization site. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of application, the blockchain in agriculture and food supply chain market is segmented into smart contracts, payment and settlement, product traceability, tracking, and visibility, governance, risk and compliance management.
- The blockchain in agriculture and food supply chain market is also segmented on the basis of organization site into large enterprises and small and medium scale (SMEs) enterprises.
Blockchain in Agriculture and Food Supply Chain Market Country Level Analysis
Blockchain in agriculture and food supply chain market is analysed and market size insights and trends are provided by country, application and organization site as referenced above.
The countries covered in blockchain in agriculture and food supply chain market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
North America dominates the blockchain in agriculture and food supply chain market due to rising presence of large number of prominent players operating in countries in the region, increasing research and development activities for integration of blockchain technology in food supply chain, and rising awareness about benefits offered by blockchain technology in terms of payment, transparency, and land registry in this region. Asia-Pacific is the expected region in terms of growth in blockchain in agriculture and food supply chain market due to rising adoption of emerging technologies such as blockchain and analytics technologies in this region.
The country section of the blockchain in agriculture and food supply chain market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Blockchain in Agriculture and Food Supply Chain Market Share Analysis
Blockchain in agriculture and food supply chain market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to blockchain in agriculture and food supply chain market.
The major players covered in the blockchain in agriculture and food supply chain market report are IBM Corporation, Microsoft, SAP SE, Ambrosus, arc-net, OriginTrail, Ripe Technology INC, VeChain Foundation, Project Provenance Ltd., Chainvine Limited, Full Profile, AgriChain Pty Ltd and Chainvine Limited other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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