Press release
Blockchain in the Agriculture and Food Supply Chain Market Top Players - IBM, Microsoft, Ambrosius, Sap Se, Origintrail, Provenance.
Blockchain in the Agriculture and Food Supply Chain Market
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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global Blockchain in the Agriculture and Food Supply Chain Market are:
• Transparency and Traceability.
• Reducing Fraud and Counterfeiting.
• Efficiency and Automation.
The following are the primary obstacles to the Blockchain in the Agriculture and Food Supply Chain Market's expansion:
• Costs of Implementation.
• Scalability Issues.
• Lack of Standardization.
Future expansion opportunities for the global Blockchain in the Agriculture and Food Supply Chain Market include:
• Electric Vehicles and Sustainable Transportation.
• Remote Work Solutions.
• Cybersecurity Solutions.
Market Analysis:
Key factors shaping the market landscape include ongoing technological advancements, evolving consumer preferences, and shifting regulatory frameworks. The growing adoption of digital technologies-such as artificial intelligence and blockchain-is transforming industry operations, promoting innovation, and serving as a catalyst for market expansion. Additionally, the forces of globalization and intensifying competitive pressures highlight the critical need for strategic positioning and organizational agility to sustain long-term success.
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List of Prominent Players in the Blockchain in the Agriculture and Food Supply Chain Market:
• IBM (US)
• TE-FOOD International GmbH (Europe)
• Microsoft (US)
• ACR-NET (Ireland)
• Ambrosus (Switzerland)
• SAP SE (Germany)
• OriginTrail (Slovenia)
• Provenance (UK)
Recent Developments:
• In June 2020, Atea, IBM, and Sjømatbedriftene, the Norwegian Seafood Association, announced a new cross-industry collaboration to use blockchain technology and share supply chain data throughout Norway's seafood industry and provide safer, better seafood to consumers across the globe. This blockchain technology would help provide high-quality, fully traceable products.
• In May 2019, Microsoft launched Azure blockchain services, a fully managed service that allows for the formation, management, and governance of the consortium blockchain network. It is integrated with the Azure activity directory and offers tools to add new members, set permissions, and monitor network health and activity.
• In April 2019, Albertsons Companies (US) joined the IBM Food Trust blockchain.
Blockchain in the Agriculture and Food Supply Chain Market Dynamics:
Market Drivers: Transparency and Traceability
The market is undergoing a significant transformation as transparency and traceability become increasingly critical across various industries. Organizations are acknowledging the essential role these factors play in fostering trust among consumers and stakeholders. The heightened demand for transparent and traceable supply chains is primarily driven by increasing consumer awareness and evolving regulatory requirements. Advanced technologies, particularly blockchain, are facilitating the creation of secure, verifiable records that allow for real-time tracking of products throughout the supply chain-from origin to end-use. Emphasizing transparency not only mitigates concerns related to authenticity and ethical sourcing but also enhances operational performance by minimizing risk and ensuring regulatory compliance.
Challenges: Implementation Costs
Despite the clear benefits, the widespread adoption of transparency and traceability systems is often hindered by high implementation costs. Investments in infrastructure, training, and technology integration can be substantial, particularly for small and medium-sized enterprises. These financial and logistical barriers may slow adoption rates and present challenges for organizations attempting to achieve full supply chain visibility.
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North America Is Expected To Grow With The Highest CAGR During The Forecast Period
Due to the high degree of technical infrastructure that is prevalent there, North America is now leading the industry. The presence of significant global market players in the area is also contributing to the region's overall rise in market share. Furthermore, measures by the government to invest in cutting-edge technology and supporting legislation are also responsible for the increase.
Segmentation of Blockchain in the Agriculture and Food Supply Chain Market-
By Type
• Public
• Private
• Hybrid/Consortium
By Application
• Growers
• Food Manufacturers/Processors
• Retailers
By Providers
• Application Providers
• Middleware Providers
• Infrastructure Providers
By Organization Size
• Small And Medium-Sized Enterprises
• Large Enterprises
By Applications
• Product Traceability, Tracking, and Visibility
• Payment And Settlement
• Smart Contract
• Governance, Risk, and Compliance Management
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/global-blockchain-in-the-agriculture-and-food-supply-chain-market/1436
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
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