Global Blockchain Agriculture Food Market Size In 2020 | Top Countries Data with CAGR Value

Posted February 15, 2022 by harshbisR-0

The global blockchain in the agriculture and food market was valued at $139.6 million in 2020, which is expected to grow with a CAGR of 51.0% and reach $1,488.0 million by 2026.
BIS Research Study Highlights the Global Blockchain in Agriculture and Food Market to Reach $1.48 billion by 2026
The global blockchain in the agriculture and food market is projected to reach $1.48 billion by 2026, revealing the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 51% during the period 2021-2026.
The agriculture and food market required a lot of inconsistent paperwork and dependency on paper-based documentation. Blockchain provides a systematic digital ledger for storing land records and other data, keeping it safe during natural calamities.
Blockchain technology will be a revolutionary change as it offers tamper-proof, precise statistics about the farms, inventory, credit scores, and food tracking.
The detailed study is a compilation of 84 Market Data Tables and 39 Figures spread through 218 Pages and in-depth TOC on Global Blockchain in Agriculture and Food Market – Analysis and Forecast, 2021-2026

USP of the Report
This report will help with the following objectives:
• Covering the product, application, and regional market estimations for the blockchain in the agriculture and food market.
• Extensive competitive benchmarking of the top 15 players has been done to offer a holistic view of the global blockchain in the agriculture and food market landscape.

Analyst’s Take on the Market
According to Rakhi Tanwar, Principal Analyst, BIS Research, “The blockchain in agriculture and food market is expected to be a great replacement over traditional paperwork. Through a better adoption of these tamper-proof blockchain technologies, agricultural productivity and efficiency can be enhanced, and agricultural revenue generation for farmers can be maximized. Blockchain in agriculture and food market also eliminates intermediary or middleman with peer-to-peer transactions and enhances traceability of information in the food supply chain making the entire supply chain very transparent.”

Key Companies Operating in The Market
Key players operating in the global blockchain in the agriculture and food market analyzed and profiled in the study involve blockchain technology solution providers, retailers, food processors, agricultural OEMs, food distributors, and agricultural commodity traders using blockchain technology.
Companies such as Deere & Company, Trimble Inc., Raven Industries, Topcon Corporation, Proagrica, Ag Leader Technology, DICKEY-John, PrecisionHawk Inc., Afimilk Ltd., Allflex USA Inc., Boumatic LLC, DeLaval, Cowlar, OSRAM Licht AG, AeroFarms, Smartcultiva Corporation, AKVA Group ASA, Eruvaka Technologies, and others are profiled in the report based on the selective pool of players, primarily Tier-1 (holding 50-60% of the market), mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors

Market Segmentation of Global Blockchain in Agriculture and Food Market
Food Type: A public blockchain is a type of blockchain that provides open access to the public and that anyone can join without specific permission. This segment dominates compared to a private and hybrid type blockchain system because everyone who enters the network can read, record, and participate in this network that no one controls.

Organization: Large enterprises can offer an innovation-based approach to their clients to customize solutions that suit every supply chain's necessity. This allows companies to achieve higher requirements in the market.

Stakeholders: The growers are slightly more dominating than food retailers or manufacturers. This is due to more adoption rates of blockchain technologies by growers such as farmers. The introduction of blockchain into the agricultural supply chain is foreseen as a new way to give farmers an increased stake in the supply chain.

Product Providers: The application and solution provider segment is anticipated to dominate the market and grow robustly during the forecast time. The introduction of enhanced technological solutions has undergone significant adoption in the industry, which has boosted the overall market growth.

Application: With increasing pilot cases for blockchain in the agricultural supply chain, stakeholders have begun to see high potential for increasing transparency. The arrival of blockchain is also seen as timely because of the rising demand for supply chain transparency and traceability.

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Key Questions Answered in the Report
• What is the estimated global blockchain in agriculture and food size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
• What are the key trends, market drivers, and opportunities in the market pertaining to blockchain in the agriculture and food market?
• What are the major restraints inhibiting the growth of the global blockchain in the agriculture and food market?
• What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
• What is the competitive strength of the key players in the blockchain in the agriculture and food market based on an analysis of their recent developments, product offerings, and regional presence?
• How is the competitive benchmarking of the key blockchain in agriculture and food companies in the agriculture market based on the analysis of their market coverage and market potential?
• How much revenue is each segment expected to record during the forecast period, along with the growth percentage? The segments are as follows:
o Product, including providers (application and solution provider, middleware provider, and infrastructure and protocol provider).
o Application, including by type (public, private, and hybrid/consortiums), by an organization (large enterprise, and small and mid-size enterprises), by application (supply chain tracking, financial management, and others).
o Region, including North America, the U.K., Europe, Asia-Pacific and Japan, China, the Middle East, and Africa, and South America
• What is the type of players and stakeholders operating in the market ecosystem of blockchain in agriculture and food, and what is their significance in the global market?

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About BIS Research
BIS Research, a premium market intelligence company, offers in-depth insights and consulting to Fortune 500 companies. We are established and known for tracking the growth of deep technologies across key industry verticals and the subsequent challenges and opportunities associated with deep tech across markets, applications, and products.
With more than 1,000 clients, over 10,000 plus primary interviews, and approximately 200 reports published in a year, BIS Research has often been sighted for its ability to track emerging tech trends early on. We provide market estimations, analysis on emerging high-growth applications, technology analysis, highly segmented granular country-level market data, and other important market parameters that come in handy for our clients during strategic decision-making.
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Issued By Harsh Singla
Country India
Categories Agriculture , Research , Blockchain
Tags blockchain in agriculture and food industry , blockchain in agriculture and food market , blockchain in agriculture and food report
Last Updated February 15, 2022