Agriculture and Food Blockchain Market New events in technology and market size forecast by 2027 | IBM (United States), TE-FOOD International GmbH (Europe)

The “Agriculture and Food Blockchain” Market research report has merged the analysis of different factors that supplement the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the Agriculture and Food Blockchain market in the future. The comprehensive information is based on current trends and historic milestones. This segment also provides an analysis of the volume of production in the global Agriculture and Food Blockchain market and about each type from 2021 to 2027.

The global Agriculture and Food Blockchain market exhibited moderate growth during 2021-2027. Looking onward, the market is to grow at a CAGR of around 48.2%.

The study contains market share analysis and profiles of players such as IBM (United States), TE-FOOD International GmbH (Europe), Microsoft (United States), ACR-NET (Ireland), Ambrosus (Switzerland), SAP SE (Germany), OriginTrail

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If you are an Agriculture and Food Blockchain manufacturer and would like to check or understand the policy and regulatory proposal, designing clear explanations of the stakes, potential winners and losers, and options for development then this report will help you understand the shape with Impacting Trends. 

Market Overview:

The platform component part dominated the overall blockchain supply chain market and is anticipated to remain aggressive due to an increase in the adoption of blockchain platforms to streamline the supply chain processes. The segment is anticipated to observe significant growth in the upcoming years due to the advent of affordable and diverse pricing plans offered by market players.

During a 2019 survey by Kenco Group, 40% of supply chain leaders stated they intend to invest in blockchain technologies. In that same survey, 46% of respondents revealed that they plan to invest in sensors and the Internet of Things (IoT). As per the same source, in 2019, supply chain leaders show a greater willingness to take a risk on new technologies, as 46% of respondents say they are willing to spend 10-24% more on innovation, up from 24% in 2018 and 29% in 2017.

Types of Products:

Public Blockchain
Private Blockchain
Consortium/Hybrid Blockchain

Application spectrum:

Grower
Food Manufacturer/processor
Retailer
Other

Regions and Countries Level Analysis:

North America to Drive the Market

North America is recognized as the most advanced region in terms of technology appropriation and infrastructure. The broad behavior of principal industry players of blockchain technology solutions in this region is the primary driving determinant. Organizations across industry verticals, such as manufacturing, healthcare, retail and consumer goods, and logistics, provide essential growth opportunities for vendors.

North America commanded the global market and is anticipated to remain aggressive during the blockchain in the retail market forecast period due to the presence of major market players and on-going developments in blockchain technology. The growth in data security concerns amongst retailers is also the principal factor that is supposed to feed the market growth in this area in the coming years.

The report offers an in-depth assessment of the growth and other aspects of the Agriculture and Food Blockchain market in important countries (regions), including:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, etc.)

Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

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Market Analysis:

The retail industry controlled the blockchain supply chain market share and is supposed to remain dominant due to a surge in adoption by retail players to streamline their supply chain processes. Moreover, blockchain assures quality, product safety, reliability, and authenticity, along with enabling supply chain partners to know about their product location. These determinants drive market growth for blockchain in the retail industry.

Counterfeit sneakers make up about 40% of the estimated USD 600 billion global fake fashion industry. The traditional methods manufacturers have used to assure authenticities, such as seals and certificates, can themselves be counterfeited. But retailers are beginning to implement blockchain technology to solve the counterfeiting problem.

Highlights of the report:

A complete backdrop analysis, which contains an assessment of the parent Agriculture and Food Blockchain market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and expected size of the Agriculture and Food Blockchain market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging position segments and regional Agriculture and Food Blockchain market

An impartial assessment of the trajectory of the market

References to companies for strengthening their foothold in the market   

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Impact and Recovery Analysis of Covid-19:

Under COVID-19 outbreak globally, this report provides 360 degrees of analysis from the supply chain, import and export control to regional government policy and future influence on the industry. Detailed analysis about market status, enterprise race pattern, advantages and disadvantages of enterprise products, industry development trends (2021-2027), regional industrial layout features and macroeconomic policies, industrial policy has also been included.

Report customization:

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In all key aspects—regions, market segments, and competitive landscape levels—we personalize research data. Every time a report is purchased, we provide 40 hours of free custom analyst time.

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