Blockchain in Agriculture Market: Growth Opportunities and Recent Developments by 2032 | IMR

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A blockchain is a digital transaction ledger, prolonged by a network of multiple computing machines that are not depending on a trusted third party.

Blockchain in Agriculture Market Methodology:

blockchain in the agriculture market is valued at USD 537.97 million in 2023 and is projected to reach USD 15722.62 million by 2032, growing at a CAGR of 45.5% from 2024 to 2032.

Introspective Market Research offers comprehensive Blockchain in Agriculture Market research studies, providing valuable insights and strategic guidance to businesses worldwide. We ensure reliability and accuracy in our reports for informed decision-making.

The keyword market research study ensures the highest level of accuracy and reliability as we precisely examine the overall industry, covering all the market fundamentals. By leveraging a wide range of primary and secondary sources, we establish a strong foundation for our findings. Industry-standard tools like Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis further enhance the comprehensiveness of our evaluation.

Our study also discusses the complete keyword market ecosystem, explaining the various market stakeholders, their functions and interdependencies between them. Further, with an emphasis on comprehensive segmentation analysis and geographical coverage, the study enables a profound understanding of regional trends. Moreover, we explore external factors, providing a comprehensive view of market dynamics.

Blockchain in Agriculture Market Dynamics:

Blockchain creates a transparent, safe ledger that upends the conventional agricultural supply chain. From farm to fork, every step a product takes is tracked in this ledger. A reliable record of a product's journey can be created by farmers by recording data such as harvest yields, weather patterns, and fertilizer use. Everyone wins from this. When consumers are aware of the food's origins and production process, their confidence in it grows. By demonstrating their sustainable practices, farmers can fetch more equitable pricing. Furthermore, by eliminating bureaucracy and middlemen, blockchain simplifies the supply chain, which might lead to higher farmer profitability and lower consumer costs. This technology has the potential to enhance food safety, productivity, and equity in the farming sector.

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Blockchain in Agriculture Market Segmentation:

By Type

  • Public
  • Private

By Provider

  • Application & Solution Provider
  • Middleware Provider
  • Infrastructure & Protocol Provider

By Application

  • Product Traceability, Tracking & Visibility
  • Payment & Settlement
  • Smart Contracts
  • Risk & Compliance Management
  • Governance

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Blockchain in the Agriculture Market: Key Players

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

Blockchain in Agriculture Market Regional Analysis:

Because of its technological superiority and quickly changing agricultural landscape, North America is expected to become a major player in the blockchain in agriculture market. The region is at the forefront of blockchain use in agriculture because of its proactive attitude toward embracing cutting-edge technologies and its strong infrastructure for digital innovation.

The application of blockchain technology in agriculture addresses issues like data transparency, traceability, and inefficiencies in the supply chain, resulting in revolutionary changes. Farmers and agribusinesses in North America are starting to realize how blockchain technology may improve the whole agricultural value chain, from production to distribution. With the use of this technology, record-keeping may be done in a transparent and safe manner, lowering the possibility of fraud and guaranteeing the accuracy of information about the origin, caliber, and handling of agricultural goods.

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Company Profiles and Competitive Analysis:

COMPANY PROFILES AND COMPETITIVE ANALYSIS

  1. COMPETITIVE LANDSCAPE
  2. Competitive Positioning
  3. Blockchain in Agriculture Market Share By Manufacturer (2022)
  4. Industry BCG Matrix
  5. Heat Map Analysis
  6. Mergers & Acquisitions
  7. ARIEL CORPORATION
  8. Company Overview
  9. Key Executives
  10. Company Snapshot
  11. Role of the Company in the Market
  12. Sustainability and Social Responsibility
  13. Operating Business Segments
  14. Product Portfolio
  15. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
  16. Key Strategic Moves and Recent Developments
  17. SWOT Analysis

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