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Blockchain in Agriculture Market Trends

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Report ID: 3416
Published Date: Aug 28, 2024
Report Format: PDF, PPT

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Blockchain in Agriculture Market Trends

Growth Drivers

Rapid Adoption of Blockchain Technology
Increasing Private Investment in the Agriculture Sector

Challenges

Unorganized Nature of Farming in Low-income Countries

Blockchain in Agriculture Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	36.4%
Base Year Market Size (2023)	USD 5.14 billion
Forecast Year Market Size (2036)	USD 290.77 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Blockchain in Agriculture Market Size & Share, Growth Report 2036

Author Credits: Abhishek Verma

Report ID: 3416
Published Date: Aug 28, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of blockchain in agriculture is estimated at USD 6.64 billion.

Blockchain in Agriculture Market size was valued at USD 5.14 billion in 2023 and is poised to cross USD 290.77 billion by 2036, registering more than 36.4% CAGR during the forecast period i.e., between 2024-2036. Advantages of blockchain, such as, consumer awareness and demand for full transparency will boost the market growth.

North America is set to hold largest revenue share by 2036, on the back of higher adoption of blockchain technology, such as,Â blockchain in BFSI,Â blockchain in telecom, cryptocurrency, in developed economies, including the United States, and Canada, along with the development in the agriculture sector.

The major players in the market are OriginTrail d.o.o., AMBROSUS Inc., Advanced Research Cryptography Ltd., Microsoft, TE-FOOD International GmbH., IBM, Full Profile Pty Ltd, and others.

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