The growth in the global blockchain in the agriculture and food market is expected to be driven by the growing need for transparency in the food supply chain and supportive government initiatives.
NEW YORK, Jan 26, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Blockchain in Agriculture and Food Market – Global and Regional Analysis: Focus on Applications, Products, and Country-wide Analysis – Analysis and Forecasts, 2021-2026” – https:/ /www.reportlinker.com/p06223759/?utm_source=GNW
Impact of COVID-19
The outbreak of the COVID-19 pandemic and related policies imposed by the governments of various countries have significantly restricted the agendas along with those of suppliers and customers, especially in the first fiscal quarter of 2020, in addition to delays in project development, delays and cancellations of major blockchain and cryptocurrency agreements. , due to the epidemic.
These events mainly help with education as well as commercialization of blockchain technology.
Blockchain in Agriculture and Food Market by Type
A public blockchain is a type of blockchain that provides open access to the public and anyone can join it without specific permission. This part dominates in comparison to the private and hybrid blockchain system because everyone who enters the network can read, record and participate in this network that no one controls.
Blockchain in Agriculture and Food Market by Organization
Large organizations can offer an innovation-based approach to their customers to customize solutions that fit the needs of each supply chain. This allows companies to achieve higher market demands.
Blockchain in the Agriculture and Food Market by Stakeholders
Farmers dominate a little more than retailers or food manufacturers, and this is due to the increased adoption rates of blockchain technologies by farmers such as farmers.
The introduction of blockchain into the agricultural supply chain is expected as a new way to give farmers an increased share in the supply chain and more ways to distribute their products across consumers.
Blockchain in Agriculture and Food Market by Provider
The application and solution providers segment is expected to dominate the market and grow strongly during the forecast time. The introduction of improved technology solutions has undergone significant adoption in the industry, which has boosted the growth of the overall market.
Blockchain in Agriculture and Food Market by Application
With the increase in the experimental cases of blockchain in the agricultural supply chain, stakeholders are beginning to see high potential for increased transparency. The arrival of blockchain is also seen as being timely due to the increasing demand for supply chain transparency and traceability driven by the increasing number of food outbreaks and foodborne diseases.
Blockchain in Agriculture and Food Market by Region
North America generated the highest revenue of $81.2 million in 2020. The United States dominated the blockchain innovation scene in the region, with a maximum number of investments and pilot projects tested in the country. The region is expected to witness high growth at a CAGR of 48.5% during the forecast period 2021-2026.
The main players in the market
The major players operating in the global blockchain in the agriculture and food market analyzed and profiled in the study include blockchain technology solution providers, retailers, food manufacturers, agricultural equipment manufacturers, food distributors, and agricultural commodity merchants using blockchain technology.
Some of the major players operating in the market are AgriChain Pty Ltd. Ambrosus, arc-net, Bext 360, Coin 22, Filament, FoodCoin Ecosystem, Full Profile Pty Ltd, IBM Corporation, Obook Holdings Inc. (OwlTing), OriginTrail, Project Provence Limited, Ripe Technology Inc, Microsoft Corporation, SAP SE, TE Food International GmbH and others.
• North America
• Rest of North America
• Rest of Europe
• United kingdom
• South America
• Rest of South America
• Middle East and Africa
• The United Arab Emirates
• South Africa
• Kingdom Saudi Arabia
• Rest of the Middle East and Africa
• Asia Pacific
• Rest of Asia and the Pacific
Read the full report: https://www.reportlinker.com/p06223759/?
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