Houston, TX -- (SBWire) -- 03/15/2019 --"The Global Blockchain in Agriculture and Food Supply Chain Market is estimated to be valued at USD 60.8 million in 2018 and is projected to reach USD 429.7 million by 2025, at a CAGR of +47% during the forecast period."
Blockchain technology is revolutionizing the food and agriculture sector by improving organizational decision-making. We have found some potential applications in this area, some of which have already been explored. Key applications of block chain technology in food and agriculture are traceability and tracking, payment and settlement, clever agreement and control, and risk and compliance management. The growth of block chains in the agricultural and food supply chain markets is due to increased demand for supply chain transparency, increased food fraud incidents, and increased concerns about food waste.
The purpose of this study is to define the size of the Blockchain In Agriculture And Food Supply Chain Market in various sectors and countries in the previous year and to predict its value in the next year. The advantages of agricultural block chain technology range from farmers to retailers, traders and food companies. An excellent technology company works with global logistics companies, food producers and retailers to develop effective applications of block chains in the agricultural and food sectors to improve data management, reduce transaction costs, increase logistics, and establish food safety and traceability protocols.
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The Major Players Reported In the Report Are: Walmart, Origin Trail, arc-net, Bext 360, Tyson Foods Inc., Coin 22, Project Provenance Ltd, Deere & Company.
This report provides insightful data on the competitive analysis of Blockchain In Agriculture And Food Supply Chain Market. Provides an overview of the Industry, taking into account growth analysis and future costs, revenue and many other aspects. Research analysts provide sophisticated descriptions of value chain and distributor analysis. This valuable study provides comprehensive data that enhances understanding, scope, and application of this report.
On the basis of Product Type, market can be split into:
- Public Blockchain
- Private Blockchain
On the basis of Application, market can be split into:
- Supply Chain Tracking
- Finance Management
- Data Management
- Land and Property Ownership
- Others
Geographically, market can be split into:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
In the future, the competitive landscape of the Blockchain In Agriculture And Food Supply Chain Market is presented to understand the importance of the market. This section provides key strategies, weaknesses, and strengths, highlighting key areas that have contributed to growth.
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Through Porter's Five Forces analysis, this report provides a detailed analysis of the various factors affecting the industry. Analysis also helps you understand the extent of competition in the marketplace. The report also analyzes the value chain and various drivers and limitations of the market.
Key questions answered in the report include:
- What will the market size and the growth rate be in 2025?
- What are the key factors driving the global Blockchain In Agriculture And Food Supply Chain market?
- What are the key market trends impacting the growth of the global Blockchain In Agriculture And Food Supply Chain market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global Blockchain In Agriculture And Food Supply Chain market?
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