PUBLISHER: Orion Market Research | PRODUCT CODE: 1215592
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215592
Title:Global Blockchain In Agriculture & Food Supply Chain Management Market Size, Share & Trends Analysis Report by Type (Public, Private, and Hybrid), by Providers (Application Providers, Middleware Providers, and Infrastructure Providers), by Stakeholders (Growers, Food Manufacturers/Processors, and Retailers), and by Application (Product Traceability, Tracking, & Visibility, Payment & Settlement, Smart contract, and Governance, Risk, & Compliance Management) Forecast Period (2022-2028).
The global blockchain in agriculture & food supply chain management market is anticipated to grow at a substantial CAGR of 48.1 % during the forecast period. The government initiatives to promote blockchain in agriculture are expected to propel the growth of the market over the forecast period. The government encourages the application of new technologies such as blockchain, the government provides technical subsidies to agricultural enterprises to adopt the blockchain technology for supply chain management, which will support the market growth.
The global blockchain in agriculture & food supply chain management market is segmented based on the type, providers, stakeholders, and application. Based on the type, the market is segmented into public, private, and hybrid. Based on the providers, the market is sub-segmented into application providers, middleware applications, and infrastructure providers. Based on the stakeholders, the market is augmented into growers, food manufacturers/processors, and retailers. Based on the application, the market is further sub-segmented into product traceability, tracking & visibility, payment & settlement, smart contract, and governance, risk, and compliance management. The above-mentioned segments can be customized as per the requirements. Among the application, the payment and settlement segment is expected to hold a significant share in the market during the forecast period. Using blockchain, buyers can deal with their suppliers directly and transfer payments via mobile. This may ensure that farmers receive fair payment for their products and the retailer pays a fair price as that would save the retailer money in agents.
Geographically the global blockchain in agriculture & food supply chain management market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among all regions, the North American region is expected to prominent share in the market during the forecast period. Companies across the region are under pressure to gain visibility into their supply chains and share more information with end-users.
The major companies serving the global blockchain in agriculture & food supply chain management market include Ambrosus, Bext360, CargoChain, Chainvine Ltd., Coin22, eHarvestHub Inc., FCE Group AG, GrainChain, Inc., IBM Corp., Microsoft Corp., modum.io AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2020, BlockApps, the leading enterprise blockchain platform provider, announced the launch of the TraceHarvest Network which is transforming the way agricultural products are managed. This platform has set new standards in sustainability, driving digital transformation and food system resiliency that will shape the future of the agriculture industry.
Research Methodology
The market study of the global blockchain in agriculture & food supply chain management market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: