Global Blockchain in Agriculture Market Is Likely to Experience A Tremendous Growth In Near Future With Estimated CAGR Of 43.78%

The global blockchain in the agriculture market is experiencing a rapid surge, driven by the growing demand for transparency and traceability in the food supply chain. According to a new report published by Market Square Insights, a research firm, the global blockchain in agriculture market Size is valued at 287.4 million in 2022 and is predicted to reach 7378.8 million by the year 2031 at a 42.78 % CAGR during the forecast period for 2023-2031.

Blockchain technology provides a decentralized, immutable ledger that can securely record and track every transaction in the food supply chain, from farm to fork. By using blockchain, stakeholders in the agriculture industry can create a transparent and traceable system that provides consumers with greater confidence in the safety and authenticity of the food they eat.

The report highlights that the increasing adoption of blockchain technology by farmers, food processors, and retailers is a key driver of market growth. Additionally, the use of blockchain in agriculture can also help to reduce waste, increase efficiency, and improve sustainability in the food supply chain.


Key Research findings:

It is estimated that blockchain could generate approximately USD 3.15 trillion per year in business value by 2030. The World Economic Forum (WEF) anticipates that approximately 10.2% of the global GDP will be stored on blockchain by 2025 and lists blockchain as one of 7 technologies that are anticipated to revolutionize various aspects of our lives.

Blockchain in agriculture can track all the information about plants, crops etc. and can record their journey even after it leaves the farm.

This will ensure safety, sustainability and food security which will bring transparency among consumers and ensure informed purchasing decisions.


Get the sample report: https://marketsquareinsights.com/global-blockchain-in-agriculture-market-2021-recent-trends-covid-19-impact-in-depth-analysis-by-application-by-type-size-share-growth-and-forecast-to-2028/?query=sample_report


Latest News:

*Microsoft has recently opened sourced it's Agri-tech tools to enable data- driven farming.

*AgroChain to become world's first global farmer value network on Blockchain connecting 800 million+ farmers

*Telefónica recently transformed the countryside with its 'Smart Agriculture' solution using blockchain technology.


Key Companies Profile in the Report:
IBM
Microsoft
SAP SE
Ambrosus
Origintrail
Arc-Net
Provenance
Blockgrain
Agridigital
Ripe.Io
Chainvine
Vechain


Market Segmentation of the market:

By Type:
Public Blockchain
Consortium Blockchain
Private Blockchain

By Application
Product Traceability
Tracking and Visibility
Payment And Settlement
Smart Contracts
Governance


Points Covered in The Report:

> The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, etc.

> The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years of data history and forecast.

> The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

> Data and information by market player, by region, by type, by application etc, and custom research can be added according to specific requirements.

> The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Get more insights > https://marketsquareinsights.com/global-blockchain-in-agriculture-market-2021-recent-trends-covid-19-impact-in-depth-analysis-by-application-by-type-size-share-growth-and-forecast-to-2028/


Key Indicators Analysed:

> Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2015-2022 & Sales by Product Types.

> Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2021-2030. Further the report provides breakdown details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.

> Market Analysis by Product Type: The report covers majority Product Types in the Blockchain in Agriculture Industry, including its product specifications by each key player, volume, sales by Volume and Value (M USD).

> Market Analysis by Application Type: Based on the Blockchain in Agriculture Industry and its applications, the market is further sub-segmented into several major Applications of its industry. It provides you with the market size, CAGR & forecast by each industry application.

> Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

> Opportunities and Drivers: Identifying the Growing Demands and New Technology

> Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Click on the link to buy the report: https://marketsquareinsights.com/global-blockchain-in-agriculture-market-2021-recent-trends-covid-19-impact-in-depth-analysis-by-application-by-type-size-share-growth-and-forecast-to-2028/?query=buy_now

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Miss. Akshita Jain
Market Square Insights
New Sangavi, Pune, IND

Phone:
IND: +91 9405802422
USA: +1 315 557 6479
Email:
sales@marketsquareinsights.com

About Us:
Market Square Insights is a market research and consulting firm.
At Market Square Insights, we understand research requirements and help a client in taking informed business-critical decisions. The company focuses on helping the clients achieve transformational growth by helping them make crucial business decisions. At Market Square Insights, we diligently study emerging trends across various industries at global and regional levels, to identify potential opportunities for our client.

This release was published on openPR.