Global Block chain in Agriculture and Food Supply Chain market report is a comprehensive study on how the current state for the industry is. The report also provides with a synopsis with the market definition, classifications, applications, engagements and market trends. There are several key players and brands that drive the market and with the help of SWOT analysis the report aims to give all the market drivers and restrains. The Block chain in Agriculture and Food Supply Chain market is gradually increasing hence fluctuating the CAGR levels for the better. This report focuses on the recent developments, product launches, joint ventures, merges and accusations that are affecting the Block chain in Agriculture and Food Supply Chain market in the forecast period 2018-2025.
The Global Block chain in Agriculture and Food Supply Chain market report says the competitive scene of this industry along using all the profiles of a few of those top market players. The most crucial players at the Block chain in Agriculture and Food Supply Chain market are discussed within the accounts.
Large-scale implantation and awareness about the benefits of block chain is expected to drive the market growth and hence, the initial estimated market value is expected to rise from USD 58.4 million in 2018 to an estimated value of USD 1375.3 million by 2026, registering a CAGR of 48.4% in the forecast period of 2019-2026.
Global Block chain in Agriculture and Food Supply Chain Market, By Provider (Application and solution provider, Middleware provider, Infrastructure and protocol provider), Application (Product traceability, Payment and settlement, Smart contracts, Governance and risk management), Organization size (Large enterprises, Small and medium-sized (SMEs) enterprises), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2026
The global block chain in agriculture and food supply chain market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of block chain in agriculture and food supply chain market for global, Europe, North America, Asia Pacific and South America.
Block chain is a database or a directory of records called as blocks, which are connected through cryptography. Each record is interlinked with the previous one, and though technically it cannot be modified as it only records the transaction taking place between two parties. Its application in agriculture enables the users to transmit transparency in their transaction and supply chain informing the consumer of the original transaction as well.
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- Growing environmental concerns about the wastage of resources and food, the implementation of block chain in agriculture is expected to rise due to its various benefits
- Transparency in cases of food supply chain is also expected to drive the market growth
- Implementation of digital connectivity in the developing regions is one of the major market restraint
- Vulnerability in relation to hackers and privacy threats is also one of the market restraint
- By Provider
- Application and solution provider
- Middleware provider
- Infrastructure and protocol provider
- By Application
- Product traceability
- Payment and settlement
- Smart contracts
- Governance and risk management
- By Organization size
- Large enterprises
- Small and medium-sized (SMEs) enterprises
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