Blockchain in Agriculture Market: SIZE, share, Grow at a Significant CAGR 4.30%, Future Growth, Revenue, Industry Trends by 2030

Blockchain technology is modernizing the agriculture sector by improving the decision-making capabilities of organizations. Blockchain in agriculture makes farming advantageous by using labor, water, and fertilizers as resources. The blockchain changes the way of producing crops by generating data, cleaning the stored data, surge the integrity of data with machine learning (ML) algorithm, and then saving the data on the blockchain. Also, blockchain in agriculture helps to reduce fraud by the supply of grown crops to food processing companies.

Data Bridge Market Research analyses that the blockchain in agriculture market is expected to reach USD 241.46 million by 2030, which was USD 172.41 million in 2022, registering a CAGR of 4.30% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Blockchain in agriculture means the usage of blockchain in the agricultural sector to increase the operating procedure and get lucrative results. The usage of blockchain in the agricultural sector ranges from having a sustainable business and declining waste to up-to-date consumer buying decisions to having smooth transactions with fraud elimination in the upcoming period. The data stored on the blockchain can be accessed by everyone connected to this network with an internet connection

Global Blockchain in Agriculture Market Scope

The blockchain in agriculture market is segmented on the basis of type, organization size, stakeholder, provider and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Public
Private
Hybrid/Consortium

 Organization Size

Large Enterprises
SMEs

Stakeholder

Growers
Food Manufacturers/Processors
Retailers

 Provider

Application and Solution
Middleware
Infrastructure and Protocol

Application

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

Some of the major players operating in the blockchain in agriculture market are:

Amazon Web Services, Inc. (U.S.)
IBM (U.S.)
Microsoft (U.S.)
TE-FOOD International GmbH (Germany)
Bitfury Group Limited (Netherlands)
SAP SE (U.S.)
Antier Solutions Pvt. Ltd. (India)
AgriDigital (Australia)
AirDAO (India)
Arc-net (U.K.)
FCE Group AG (U.S.)
Ripe Technology, Inc (U.S.),
GrainChain, Inc. (U.S.)

Read Detailed Report@ https://www.databridgemarketresearch.com/reports/global-blockchain-in-agriculture-market

Blockchain in Agriculture Market Regional Analysis/Insights

The blockchain in agriculture market is analyzed and market size insights and trends are provided by country, type, organization size, stakeholder, provider and application as referenced above.

The countries covered in the blockchain in agriculture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the blockchain in agriculture market due to the strong presence of major regional companies. Furthermore, increasing research and development activities for blockchain in agriculture due to benefits offered to the farming vertical, such as payment, transparency, and land registry, will further boost the market growth.

Asia-Pacific is anticipated to be the fastest growing region in blockchain in agriculture market during the forecast period of 2023-2030 because of increasing investment made by numerous stakeholders and increasing government support for exploration in this region. Moreover, the adoption of modern technology will further increase market growth,

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Our Reports Will Help Clients Solve the Following Issues:

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For a strategy, it is critical to have an objective understanding of market opinions. Our research provides a clear picture of market mood. We maintain this surveillance by engaging with Key Opinion Leaders from each industry's value chain.

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Our analysis assesses market investment centres based on projected demand, returns, and profit margins. By using our market research, our clients may concentrate on the most important investment centres.

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Our research and insights assist our clients in identifying business partners.

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