Blockchain in Agriculture Market Growing at a CAGR of 48.1 % By 2032 | Microsoft, Ripe.io, PwC

Blockchain is a decentralized digital ledger that records transactions across a network without relying on a central authority. In agriculture, its adoption grew for supply chain management, food safety, and traceability, enhancing transparency and trust among farmers, retailers, and consumers. Smart contracts automated agreements, ensuring secure and efficient transactions. Collaborations between tech providers and agricultural organizations drove implementation, while governments fostered a supportive regulatory environment to scale blockchain solutions in the industry.

Blockchain in Agriculture Market Size Was Valued at USD 378.2 Million in 2023, and is Projected to Reach USD 789.6 Million by 2032, Growing at a CAGR of 48.1 % From 2024-2032.

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Some of the Top Leading Key Players:

IBM (USA), Microsoft (USA), SAP (Germany), Oracle (USA), Bosch (Germany), PwC (United Kingdom), Deloitte (USA), EY (United Kingdom), Amazon Web Services (USA), Hyperledger Sawtooth (USA), FoodTrust (USA), Ripe.io (USA), Provenance (United Kingdom), Skuchain (USA), Everledger (United Kingdom), Blockchain Foundry (USA), The VeChain Foundation (Singapore), Guardtime (Estonia) and Other Major Players.

Segmentation Analysis of the Market:

The Blockchain in Agriculture Market is segmented into Type, Provider, and Region. By Type, the market is categorized into Public and Private. By Provider, the market is categorized into Application & Solution Provider, Middleware Provider, and Infrastructure & Protocol Provider. By Application the market is categorized into Product Traceability Tracking & Visibility, Payment & Settlement, Smart Contracts, Risk & Compliance Management, and Governance.

Market Trend Analysis:

• Growing Machine-To-Machine/IoT Connections
• Growing Incorporation Of 5G Services with Satellite

Key Industry Developments in the Market:

• In Dec 2024, GEMMEST launched its $GEM token, aiming to revolutionize agriculture by integrating blockchain and AI. The token enables transparent supply chain management, equitable farmer compensation, and AI-driven insights for sustainable farming. This innovation seeks to address inefficiencies in traditional agricultural systems, fostering global food security and sustainability. The $GEM token represents a leap forward in combining cutting-edge technology with the urgent need for smarter, fairer agricultural practices worldwide.

• In Sep 2024, The UN's International Fund for Agricultural Development (IFAD) received a global award for its groundbreaking use of blockchain technology to enhance fund traceability. This innovation ensures transparency and accountability in tracking the flow of development funds, particularly for rural and agricultural projects.

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Regional Analysis:

North America is Expected to Dominate the Market Over the Forecast period 2032

Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Strategic Points Covered in Table of Content of Market:
1. Executive Summary
-Into the market research report, the executive summary highlights the most critical market findings, including key trends and actionable insights, offering clients a snapshot of the report's core takeaways.

2. Market Landscape
-This section is crafted to include a detailed analysis of Market Dynamics, Growth Trends, And Regulatory Frameworks. Tools like PESTEL Analysis, Value Chain Analysis, and Investment Pockets are employed to present a thorough market outlook and future growth projections.

3. Market Competitive Analysis
-The competitive analysis examines the Key Players, Their Positioning, Strengths, And Opportunities. By mapping competition, we provide actionable intelligence for clients to strategize effectively.

4. Market Segmentation Analysis
-In segmentation, we break down the market into Key and Sub-Segments, focusing on their growth potential, demand patterns, and overall market contribution.

5. Regional Analysis
-Through in-depth global, regional, and country-level insights, we analyse key growth drivers and challenges specific to each geography.

6. Market Analyst Viewpoint and Conclusion
-The concluding section consolidates the findings, offering strategic recommendations and emphasizing practical, client-centric strategies to navigate market complexities.

7. Thematic Research Methodology
-Leveraging primary and secondary research, we ensure data authenticity and reliability. Our reports follow the MORE Principle:

o Magnifying Insights: Delivering accurate and detailed research findings.
o Optimizing Strategies: Customizing strategies for client needs.
o Refining Solutions: Continuously enhancing research processes.
o Elevating Client Impact: Creating measurable value for client success.

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