Global Blockchain in Agriculture Market Analysis 2022

Global Blockchain in Agriculture Market Analysis 2022

The Global Blockchain in Agriculture Market is expected to reach $2,157.55 million by 2028 growing at a CAGR of 43.1% from 2021 to 2028. Blockchain technology can enhance food safety by bringing transparency to the supply chain and improving the farming process. This will result in saving time and money as well as the lives of the persons involved in the agricultural activities. Blockchain technology can also help in reducing the transaction costs and will open new markets for farmers in the emerging economies, thereby benefitting both the agriculture sector as well as farmers. Blockchain in the agriculture market is touted to dominate the future global business with improvement in logistics, quality assurance, and environmental farm plans, nutrient management plans along with the effective implementation of big data applications, AI applications, and precision agricultural activities.

Factors such as increasing need for food supply chain transparency, emergence of agricultural start-ups, automation of agricultural equipment, rising concerns on food grains wastage and food fraud, and technological development in the agriculture sector are driving the growth of the market. However, lack of superior infrastructural capabilities is restraining the growth of the market.

Based on the organization size, small and medium-sized enterprises segment is expected to have largest share, due to rising investment by the SMEs with the sustenance of the government and the increasing number of startups in this market along with the globe for the adoption of blockchain technology. Blockchain offers huge potential to improve the flow of information between different organizations and actors in the humanitarian space and to optimize response efforts.

The key vendors mentioned are Modum.io AG, Arc-net, SAP-SE, FCE GROUP AG, IBM Corporation, CargoChain Limited, TE-FOOD International GmbH, Provenance Limited, Farm2kitchen Foods Pvt. Ltd, AgriChain Pty Ltd, Microsoft, Ripe.io, VeChain.org, eHarvestHub Inc., OriginTrail, d.o.o., and Chainvine Limited.

Organization Sizes Covered:

• Small and Medium-Sized Enterprises
• Large Enterprises

Providers Covered:

• Middleware Provider
• Application and Solution Provider
• Infrastructure and Protocol Provider

Types Covered:

• Private Blockchain
• Hybrid Blockchain
• Public Blockchain
• Consortium Blockchain

Stakeholders Covered:

• Food Manufacturers/Processors
• Retailers
• Growers

Applications Covered:

• Smart Contracts
• Product Traceability, Tracking, and Visibility
• Governance, Risk, and Compliance Management
• Payment and Settlement

Regions Covered:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:

• How this market evolved since the year 2020
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period