The agriculture and food market required a lot of inconsistent paperwork and dependency on paper-based documentation. Blockchain provides a systematic digital ledger for storing land records and other data, keeping it safe during natural calamities.

Blockchain technology will be a revolutionary change as it offers tamper-proof, precise statistics about the farms, inventory, credit scores, and food tracking.

USP of the Report

This report will help with the following objectives:

• Covering the product, application, and regional market estimations for the blockchain in agriculture and food market.
• Extensive competitive benchmarking of the top 15 players has been done to offer a holistic view of the global blockchain in agriculture and food market landscape.

According to Rakhi Tanwar, Principal Analyst, Our Research Team, “The blockchain in agriculture and food market is expected to be a great replacement over traditional paperwork. Through a better adoption of these tamper-proof blockchain technologies, agricultural productivity and efficiency can be enhanced, and agricultural revenue generation for farmers can be maximized. Blockchain in agriculture and food market also eliminates intermediary or middleman with peer-to-peer transactions and enhances traceability of information in the food supply chain making the entire supply chain very transparent.”

Key Companies Operating in the Market

Key players operating in the global blockchain in agriculture and food market analyzed and profiled in the study involve blockchain technology solution providers, retailers, food processors, agricultural OEMs, food distributors, and agricultural commodity traders using blockchain technology.

Blockchain Technology Solution Providers: 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 Provenance Ltd., Ripe Technology Inc., Microsoft Corporation, SAP SE, TE-Food International GmbH

Retailers Using Blockchain Technology: Walmart, Alibaba Group, The Kroger Co.

Food Processors Using Blockchain Technology: Nestle S.A., Tyson Foods Inc., Danone

Agricultural OEMs Using Blockchain Technology: Deere & Company, AGCO Corporation, CNH Industrial N.V.

Food Distributors Using Blockchain Technology: Sysco Corporation, McLane Company

Agricultural Commodity Traders Using Blockchain Technology: Louis Dreyfus Company B.V., Cargill Inc., Archer Daniels Midland Company, Bunge Limited

Key Questions Answered in the Report

• What is the estimated global blockchain in agriculture and food size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
• What are the key trends, market drivers, and opportunities in the market pertaining to blockchain in agriculture and food market?
• What are the major restraints inhibiting the growth of the global blockchain in agriculture and food market?
• What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
• What is the competitive strength of the key players in the blockchain in agriculture and food market based on an analysis of their recent developments, product offerings, and regional presence?
• How is the competitive benchmarking of the key blockchain in agriculture and food companies in the agriculture market based on the analysis of their market coverage and market potential?
• How much revenue is each segment expected to record during the forecast period, along with the growth percentage? The segments are as follows:
o Product, including providers (application and solution provider, middleware provider and infrastructure and protocol provider).
o Application, including by type (public, private, and hybrid/consortiums), by organization (large enterprise, and small and mid-size enterprises), by application (supply chain tracking, financial management and others).
o Region, including North America, the U.K., Europe, Asia-Pacific, China, the Middle East and Africa, and South America
• What is the type of players and stakeholders operating in the market ecosystem of blockchain in agriculture and food, and what is their significance in the global market?
Buy the report: Blockchain in Agriculture and Food Market – A Global and Regional Analysis: Focus on Applications, Products, and Country-Wise Analysis – Analysis and Forecast, 2021-2026
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