Block chain in Agriculture and Food Supply Chain Market May See Potentially High Growth Factors | IBM, Microsoft, SAP SE, Ambrosus, arc-net, OriginTrail, VeChain Foundation and More
Large-scale implantation and awareness about the benefits of block chain is expected to drive the market growth and hence, the initial estimated market value is expected to rise from USD 58.4 million in 2018 to an estimated value of USD 1375.3 million by 2026, registering a CAGR of 48.4% in the forecast period of 2019-2026.
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Top Major Market Competitors:
Few of the major market competitors currently working in the block chain in agriculture and food supply chain market are IBM Corporation, Microsoft, SAP SE, Ambrosus, arc-net, OriginTrail, Ripe Technology INC, VeChain Foundation, Project Provenance Ltd., Chainvine Limited, and Full Profile.
The global block chain in agriculture and food supply chain market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of block chain in agriculture and food supply chain market for global, Europe, North America, Asia Pacific and South America.
Growing environmental concerns about the wastage of resources and food, the implementation of block chain in agriculture is expected to rise due to its various benefits
Transparency in cases of food supply chain is also expected to drive the market growth
Implementation of digital connectivity in the developing regions is one of the major market restraint
Vulnerability in relation to hackers and privacy threats is also one of the market restraint
Scope of the report
Years Considered: - 2020-2026
Base year: - 2019
Forecast period: - 2020-2026 (Value (USD Million))
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automated Material Handling Systems in these regions, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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What does the report offer?
Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Block chain in Agriculture and Food Supply Chain Market.
Study on Key Market Trends:
This section of the report offers deeper analysis of latest and future trends of the Block chain in Agriculture and Food Supply Chain Market.
Analysis on Strategies of Leading Players: Market players can use this analysis to gain competitive advantage over their competitors in the Block chain in Agriculture and Food Supply Chain Market.
Regional Growth Analysis:
All major regions and countries have been covered in the report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.
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