Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 208 Million

Market Size (2029)

USD 1593.15 Million

CAGR (2024-2029)

40.19%

Fastest Growing Segment

Smart Contracts

Largest Market

North America

 

Market Overview

Global Blockchain in Agriculture Market was valued at USD 208 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 40.19% through 2029.

The blockchain in agriculture market refers to the application of blockchain technology within the agricultural sector to enhance transparency, efficiency, and trust throughout the entire supply chain. Blockchain, a decentralized and tamper-resistant ledger, is leveraged to record and verify transactions related to the production, processing, distribution, and sale of agricultural products. This transformative technology ensures an immutable and transparent record of each step in the agricultural supply chain, offering stakeholders real-time visibility into the provenance and quality of products.

In the blockchain in agriculture market, smart contracts, self-executing agreements written in code, automate various processes, streamlining operations and reducing reliance on intermediaries. Key applications include supply chain traceability, allowing for the tracking of products from farm to table, digital identity management for farmers and supply chain participants, and tokenization of agricultural assets for efficient financing and investment.

The adoption of blockchain in agriculture addresses challenges such as food fraud, inefficiencies in supply chain management, and the need for improved traceability. As governments, businesses, and farmers embrace this technology, the blockchain in agriculture market is poised to revolutionize the industry, fostering transparency, sustainability, and innovation.

Key Market Drivers

Increased Transparency and Traceability in the Supply Chain

Blockchain technology has emerged as a transformative force in the global agriculture market, primarily driven by the need for increased transparency and traceability in the supply chain. In traditional agricultural systems, the journey of a product from farm to table involves numerous stakeholders, including farmers, suppliers, distributors, and retailers. However, the lack of transparency in these complex networks can lead to inefficiencies, fraud, and food safety concerns.

Blockchain offers a decentralized and tamper-resistant ledger that records every transaction and movement of agricultural products. Each participant in the supply chain can access a transparent and immutable record of the product's journey, ensuring authenticity and reducing the risk of fraud. This transparency not only enhances trust among stakeholders but also enables quick and efficient identification of the source of any contamination or quality issues, thereby improving overall food safety.

By providing a secure and unalterable record of every step in the supply chain, blockchain technology addresses the demand for greater transparency and traceability, serving as a foundational driver for its adoption in the global agriculture market.

Enhanced Efficiency in Supply Chain Management

The global agriculture sector faces significant challenges related to the inefficiencies and complexities of supply chain management. Traditional supply chain processes often involve extensive paperwork, manual record-keeping, and delays in information flow, leading to increased costs and operational bottlenecks. Blockchain technology presents a solution to these challenges by streamlining and automating supply chain management processes.

With blockchain, smart contracts can be implemented to automate various stages of the supply chain, from planting and harvesting to processing and distribution. These self-executing contracts facilitate seamless and transparent transactions, reducing the need for intermediaries and minimizing the risk of errors. The decentralized nature of blockchain ensures that all participants have real-time access to a single version of the truth, eliminating the need for time-consuming reconciliations and paperwork.

By enhancing the efficiency of supply chain management, blockchain technology enables cost savings, faster transaction times, and improved overall productivity in the agriculture market. As stakeholders experience the benefits of streamlined processes, the adoption of blockchain becomes a driving force in reshaping the industry.

Decentralized and Trusted Record-Keeping for Land Ownership and Transactions

Land ownership and transactions are fundamental aspects of the agriculture sector, and ensuring secure and transparent record-keeping in these areas is crucial. Blockchain technology provides a decentralized and immutable ledger for recording land ownership, transactions, and property rights. This feature significantly reduces the risk of fraud and disputes related to land titles, a common issue in many agricultural regions.

By leveraging blockchain for land registries, farmers and landowners can establish clear and tamper-proof records of their property rights. This not only fosters trust in land transactions but also facilitates easier access to credit for farmers who can use their land as collateral. The transparent and decentralized nature of blockchain eliminates the need for intermediaries in the land registration process, reducing bureaucracy and associated costs.

As the agriculture sector seeks secure and reliable solutions for land-related transactions, the adoption of blockchain technology becomes a driving force in establishing decentralized and trusted record-keeping systems.

Financial Inclusion Through Tokenization of Agricultural Assets

Financial inclusion has been a longstanding challenge in the agriculture sector, with many small-scale farmers facing difficulties in accessing credit and financial services. Blockchain technology introduces the concept of tokenization, allowing agricultural assets such as crops, livestock, and machinery to be represented as digital tokens on the blockchain.

Tokenization enables fractional ownership, allowing multiple investors to contribute to and share the benefits of an agricultural asset. This innovation opens up new avenues for financing and investment in agriculture, attracting a broader range of investors, including those interested in impact investing. Small-scale farmers, who may have limited access to traditional financial institutions, can benefit from this decentralized form of fundraising.

The tokenization of agricultural assets on the blockchain not only enhances financial inclusion but also provides a more liquid and efficient market for agricultural investments. As the agriculture sector seeks innovative solutions to address financing challenges, the tokenization of assets emerges as a significant driver in the global blockchain adoption.

Improved Quality and Certification Processes

Ensuring the quality and authenticity of agricultural products is a critical concern for both consumers and regulatory bodies. Blockchain technology addresses this challenge by offering a transparent and immutable record of the entire production and distribution process. Smart contracts embedded in the blockchain can automate the certification processes, ensuring that products meet specific quality standards and regulatory requirements.

Farmers and producers can record every step of the production process on the blockchain, including information about soil conditions, use of pesticides, and harvesting practices. This data, once verified, becomes a reliable and auditable source for certification authorities. Consumers can access this information by scanning product QR codes, gaining insights into the product's journey and confirming its authenticity and quality.

The adoption of blockchain for quality and certification processes not only enhances consumer trust but also helps producers differentiate their products in the market. As consumers become more conscious of the origin and quality of the food they consume, the demand for blockchain-based certification processes acts as a compelling driver in the global agriculture market.

Mitigating Climate Change Impact Through Data-Driven Agriculture

Climate change poses significant challenges to the agriculture sector, impacting crop yields, water availability, and overall productivity. Blockchain technology, when integrated with data-driven agriculture solutions, emerges as a powerful tool for mitigating the impact of climate change.

By leveraging IoT devices, sensors, and satellite data, farmers can collect real-time information about weather conditions, soil moisture, and crop health. This data is then securely stored on the blockchain, creating a decentralized and tamper-proof repository. Smart contracts can be programmed to trigger actions based on predefined conditions, enabling automated responses to climate-related challenges.

Blockchain facilitates the creation of a shared and interoperable data ecosystem, allowing stakeholders such as farmers, researchers, and policymakers to access valuable insights. This collaborative approach to data-driven agriculture

can lead to the development of adaptive farming practices, optimized resource management, and resilient supply chains. As the global agriculture sector faces increasing pressure to adapt to changing climate conditions, the integration of blockchain technology becomes a key driver in promoting sustainable and climate-smart agriculture.

Blockchain's role in climate-resilient agriculture extends beyond data collection and automation. It also enables the creation of carbon credit markets and sustainable supply chain initiatives. Through blockchain, the carbon footprint of agricultural activities can be accurately measured, and carbon credits can be tokenized and traded on a decentralized marketplace. This incentivizes farmers to adopt sustainable practices, contributing to overall environmental conservation efforts.

Furthermore, blockchain-based solutions can facilitate the tracking of sustainable and ethical practices throughout the supply chain, providing consumers with the assurance that the products they purchase are produced in an environmentally responsible manner. This transparency aligns with the growing consumer demand for sustainable and eco-friendly products.

The adoption of blockchain technology in agriculture is driven by a convergence of factors, each playing a pivotal role in reshaping the industry. Increased transparency and traceability in the supply chain address concerns about food safety and authenticity, while enhanced efficiency in supply chain management reduces operational costs and delays. Decentralized and trusted record-keeping for land ownership fosters secure transactions and financial inclusion, and the tokenization of agricultural assets opens up new avenues for financing.

Improved quality and certification processes build consumer trust and differentiate products in the market, while the integration of blockchain with data-driven agriculture mitigates the impact of climate change and promotes sustainability. As the agriculture sector continues to embrace technological innovation, blockchain stands out as a foundational driver, ushering in a new era of efficiency, transparency, and sustainability in global agriculture.

Government Policies are Likely to Propel the Market

Blockchain Adoption Incentives for Agricultural Businesses

Governments worldwide are recognizing the transformative potential of blockchain technology in the agriculture sector. To encourage widespread adoption, governments are implementing policies that provide incentives for agricultural businesses to integrate blockchain into their operations.

Blockchain technology, with its ability to enhance transparency, traceability, and efficiency in the supply chain, aligns with government objectives related to food safety, quality assurance, and streamlined regulatory compliance. As part of the incentive program, governments may offer tax breaks, subsidies, or grants to agricultural businesses that adopt blockchain solutions.

By offering financial incentives, governments aim to accelerate the adoption of blockchain in agriculture, fostering a more resilient and technologically advanced sector. This policy not only benefits individual businesses but also contributes to the overall modernization and competitiveness of the agricultural industry on a global scale.

Regulatory Frameworks for Blockchain-based Smart Contracts in Agriculture

As blockchain technology continues to gain traction in the agriculture sector, governments are recognizing the need for clear regulatory frameworks that address the use of smart contracts. Smart contracts, self-executing contracts with the terms of the agreement directly written into code, play a crucial role in automating various processes within the agricultural supply chain.

Government policies are being developed to define the legal status of smart contracts, establish the criteria for their enforceability, and ensure that they comply with existing laws and regulations. These frameworks provide clarity for businesses engaging in blockchain-based transactions, fostering a conducive environment for innovation and growth.

By creating a regulatory framework for smart contracts in agriculture, governments aim to mitigate legal uncertainties, promote trust in blockchain transactions, and facilitate the seamless adoption of this technology across the industry.

Digital Identity Standards for Farmers and Supply Chain Participants

Governments are recognizing the importance of establishing digital identity standards for farmers and other participants in the agricultural supply chain. Blockchain technology offers a secure and decentralized way to manage digital identities, ensuring that participants in the supply chain are authenticated and authorized to engage in transactions.

Policies are being developed to define the standards and protocols for digital identity management on blockchain platforms. This includes ensuring privacy and data protection measures to safeguard sensitive information. By implementing digital identity standards, governments seek to enhance the security and integrity of the agricultural supply chain, reducing the risk of fraud and unauthorized access.

Additionally, standardized digital identities enable more efficient and transparent interactions among supply chain participants, contributing to the overall resilience and competitiveness of the agriculture sector.

Tokenization and Regulatory Guidelines for Agricultural Assets

Governments are recognizing the potential of tokenization in transforming how agricultural assets are financed, traded, and managed. Tokenization involves representing physical assets, such as crops, livestock, or machinery, as digital tokens on a blockchain. This allows for fractional ownership, enabling broader participation in agricultural investments.

To support the responsible and secure use of tokenization in agriculture, governments are developing regulatory guidelines. These guidelines address issues such as investor protection, asset valuation, and compliance with existing financial regulations. By establishing a clear regulatory framework, governments aim to promote the growth of tokenized agricultural assets while safeguarding the interests of investors and maintaining the integrity of financial markets.

Tokenization policies contribute to financial inclusion, allowing small-scale farmers to access new funding sources and creating a more liquid and accessible market for agricultural investments.

Environmental Stewardship Incentives Through Blockchain

Governments are increasingly focused on promoting environmentally sustainable practices in agriculture, and blockchain technology can play a pivotal role in achieving these goals. Policies are being formulated to incentivize farmers and agribusinesses that adopt blockchain solutions to monitor and reduce their environmental impact.

Blockchain allows for the transparent tracking of sustainable practices, carbon emissions, and conservation efforts throughout the supply chain. Governments may offer incentives, such as tax credits or subsidies, to entities that can demonstrate environmentally friendly and sustainable practices through blockchain-based records.

By aligning blockchain adoption with environmental stewardship, governments aim to encourage a more sustainable and resilient agricultural sector. This policy not only supports global efforts to combat climate change but also positions agriculture as a key player in achieving broader sustainability objectives.

Research and Development Funding for Blockchain in Agriculture

Recognizing the ongoing potential for innovation in the intersection of blockchain and agriculture, governments are implementing policies to allocate funds for research and development in this domain. These initiatives aim to support academic institutions, research organizations, and businesses that are exploring novel applications of blockchain technology in agriculture.

Government-funded research programs may focus on areas such as optimizing supply chain logistics, improving data-driven agriculture practices, and developing new blockchain-based solutions tailored to the unique challenges of the agriculture sector. By fostering a culture of innovation and collaboration, governments seek to position their countries at the forefront of technological advancements in agriculture.

In conclusion, government policies in the global blockchain in agriculture market are shaping the landscape by providing incentives, establishing regulatory frameworks, promoting digital identity standards, guiding tokenization of agricultural assets, incentivizing environmental stewardship, and funding research and development. These policies collectively contribute to the growth, efficiency, and sustainability of the agriculture sector in the digital era.


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Key Market Challenges

Integration Complexity and Interoperability Challenges

While the adoption of blockchain technology in agriculture holds great promise, one of the significant challenges faced by the industry is the complexity of integrating blockchain solutions into existing agricultural systems. Agricultural supply chains are intricate networks involving a multitude of stakeholders, including farmers, suppliers, distributors, retailers, and regulatory bodies. The seamless integration of blockchain requires coordination and cooperation among these diverse entities, each with its own technological infrastructure and operational processes.

Interoperability, or the ability of different systems to work together, becomes a critical hurdle. Blockchain platforms may vary in terms of protocols, standards, and features, making it challenging for them to communicate effectively. For example, a blockchain system implemented by a farmer may not seamlessly connect with the blockchain platform used by a distributor or a regulatory agency.

The lack of standardized protocols for data exchange and smart contract execution poses obstacles to the smooth functioning of blockchain across the entire agricultural supply chain. Additionally, existing legacy systems may not readily integrate with blockchain technology, requiring substantial investments in new infrastructure, training, and system upgrades.

Furthermore, the diversity of agricultural practices across regions and countries adds another layer of complexity. Different agricultural sectors may have unique requirements, and a one-size-fits-all approach to blockchain integration may not be feasible. Achieving widespread adoption and realizing the full potential of blockchain in agriculture will require the development of standardized protocols, collaboration among stakeholders, and strategic planning to address integration challenges.

Addressing these integration complexities will necessitate a concerted effort from technology providers, industry stakeholders, and regulatory bodies to establish common standards and facilitate seamless interoperability across the diverse landscape of global agriculture.

Data Privacy and Security Concerns

As blockchain technology gains traction in the agriculture sector, data privacy and security concerns emerge as significant challenges that must be carefully addressed to ensure the successful and responsible implementation of blockchain solutions.

Blockchain's fundamental design revolves around transparency and immutability, allowing all participants in the network to access and verify transaction data. While this transparency is a key strength, it also raises concerns regarding the privacy of sensitive information, especially when dealing with proprietary farming practices, intellectual property, or personal data of farmers.

In the context of agriculture, farmers may be reluctant to share certain data on a public blockchain due to concerns about competitive advantage or potential misuse of information. For instance, detailed data on crop yields, soil conditions, or pest control strategies could be valuable to competitors or adversaries.

To mitigate these concerns, blockchain solutions in agriculture must incorporate privacy features, such as selective disclosure mechanisms or zero-knowledge proofs. These cryptographic techniques allow participants to prove the authenticity of certain information without revealing the actual data. Implementing such privacy-enhancing technologies is essential to strike a balance between transparency and the protection of sensitive information.

Security challenges also arise in the form of potential vulnerabilities in smart contracts, the self-executing code that automates processes on the blockchain. Flaws in smart contract code can lead to serious consequences, including financial losses, operational disruptions, and breaches of sensitive data. Governments, businesses, and technology providers need to establish robust security standards, conduct thorough audits, and continuously monitor smart contracts to minimize such risks.

Moreover, the decentralized nature of blockchain introduces a unique set of security challenges. While blockchain networks are resistant to tampering, the endpoints where data is entered, such as IoT devices or sensors in the agricultural field, may be susceptible to attacks. Ensuring the security of these endpoints and the integrity of the data they generate is crucial for maintaining the overall security of the blockchain system.

In conclusion, addressing the challenges of data privacy and security in the global blockchain in the agriculture market requires a multifaceted approach involving the development of privacy-preserving technologies, robust security standards, and ongoing collaboration among stakeholders to build trust and confidence in the use of blockchain technology in agriculture.

Key Market Trends

Accountability in Advertising with Blockchain Technology

The global blockchain in agriculture market is witnessing a significant trend towards the adoption of blockchain technology to enhance transparency and accountability in advertising practices. In an industry plagued by issues such as ad fraud, lack of transparency, and discrepancies in reporting, blockchain offers a decentralized and immutable ledger that provides advertisers, publishers, and consumers with greater visibility and trust in the advertising ecosystem. This trend is driven by several key factors.


Blockchain technology enables the creation of transparent and tamper-proof records of advertising transactions, allowing advertisers to track the flow of ad placements, impressions, and payments across the entire supply chain. By recording every transaction on a distributed ledger that is accessible to all participants, blockchain ensures that advertising data is accurate, verifiable, and resistant to manipulation, thereby reducing the risk of fraud and improving accountability.


Blockchain-based smart contracts offer a programmable and automated solution for executing advertising agreements and verifying compliance with predefined terms and conditions. Smart contracts can automatically trigger payments, verify ad delivery, and enforce performance metrics based on predefined criteria, eliminating the need for intermediaries and reducing the potential for disputes or discrepancies between advertisers and publishers.


Blockchain technology enables the creation of decentralized ad networks and marketplaces that connect advertisers directly with publishers, eliminating the need for intermediaries and reducing costs associated with ad exchanges and ad networks. By leveraging blockchain-based protocols and decentralized consensus mechanisms, advertisers can access a wider range of inventory, negotiate directly with publishers, and maintain greater control over their advertising campaigns, leading to more efficient and transparent transactions.


Blockchain technology offers solutions for combating ad fraud and ensuring the integrity of advertising data. By leveraging cryptographic techniques such as digital signatures and hash functions, blockchain can authenticate the identity of advertisers, verify the legitimacy of ad placements, and detect suspicious or fraudulent activity in real-time, thereby protecting advertisers from fraudulent impressions, clicks, and conversions.

Segmental Insights

Type Insights

The Public segment held the largest Market share in 2023. Public blockchains offer a high level of transparency and trust as the data is distributed across a decentralized network. This transparency can be crucial in the agriculture sector, especially for consumers and stakeholders who want to trace the origin and journey of agricultural products from farm to table.

Public blockchains are open to anyone, providing a global platform for participants in the agriculture supply chain. This accessibility can be advantageous for international trade, allowing different stakeholders across borders to access and contribute to the blockchain, enhancing collaboration and reducing information silos.

Public blockchains often have established standards and protocols, fostering interoperability. In the agriculture industry, where various entities participate in the supply chain, having a standardized and interoperable platform can facilitate smoother data exchange and collaboration.

Public blockchains often involve the use of tokens and cryptocurrencies. Tokenization of agricultural assets and the use of cryptocurrencies for transactions can provide new financing and investment opportunities, potentially attracting a broader range of investors to the agriculture sector.



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Regional Insights

North America held the largest market share in the Blockchain in Agriculture Market in 2023.

North America, particularly the United States, is a global hub for technological innovation. The region is home to many blockchain startups, technology companies, research institutions, and industry consortia focused on developing blockchain solutions for various sectors, including agriculture.

North American agricultural enterprises have been early adopters of blockchain technology to enhance supply chain transparency, traceability, and efficiency. These companies recognize the potential of blockchain to address challenges such as food safety, product authentication, and sustainability, driving widespread adoption in the region.

North America has a diverse and highly developed agricultural sector, encompassing a wide range of crops, livestock, and agribusinesses. The region's large-scale farming operations, agri-food processing facilities, and extensive supply chains create opportunities for implementing blockchain solutions to improve operational processes and enhance market competitiveness.

North America has a well-established regulatory framework governing food safety, quality assurance, and agricultural trade. Government agencies and industry associations in the region have endorsed blockchain technology as a means to comply with regulatory requirements, establish industry standards, and ensure transparency throughout the agricultural supply chain.

North American agricultural companies collaborate with technology providers, blockchain startups, academic institutions, and government agencies to pilot, deploy, and scale blockchain solutions. These partnerships leverage collective expertise, resources, and networks to drive innovation and address industry-specific challenges.

Consumers in North America increasingly demand transparency, sustainability, and ethical sourcing in the food they consume. Blockchain technology enables agricultural producers and food companies to provide verifiable information about the origin, production methods, and journey of agricultural products from farm to fork, meeting consumer expectations and preferences.

North America attracts significant investment and funding for blockchain projects in agriculture. Venture capital firms, corporate investors, and government grants allocate resources to support research, development, and commercialization of blockchain solutions tailored to the agricultural sector, reinforcing North America's leadership in the global market.

Recent Developments

  • March 2024: In response to the increasing need for food security, the Nigerian Farmers Group and Cooperative Society (NFGCS), a prominent rural agriculture organization, has introduced Agbatoken, a novel blockchain initiative aimed at transforming Nigeria's agricultural sector.

Key Market Players

  • IBM Corporation
  • Microsoft Corporation
  • SAP SE
  • Oracle Corporation
  • Accenture PLC
  • AirDAO.io
  • AgriLedger
  • Ripe Technology Inc
  • OriginTrail d.o.o
  • TE-Food International GmbH.


By Type

By Organization Size

By Application

By Stakeholder

By Region

  • Public
  • Private
  • Hybrid/Consortium
  • Large Enterprises
  • SMEs
  • Product Traceability, Tracking, & Visibility
  • Payment, & Settlement
  • Smart Contracts
  • Governance
  • Risk & Compliance Management
  • Growers
  • Food Manufacturers/Processors
  • Retailers
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Blockchain in Agriculture Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Blockchain in Agriculture Market, By Type:

o   Public

o   Private

o   Hybrid/Consortium   

  • Blockchain in Agriculture Market, By Organization Size:

o   Large Enterprises

o   SMEs  

  • Blockchain in Agriculture Market, By Application:

o   Product Traceability, Tracking, & Visibility

o   Payment, & Settlement

o   Smart Contracts

o   Governance

o   Risk & Compliance Management

  • Blockchain in Agriculture Market, By Stakeholder:

o   Growers

o   Food Manufacturers/Processors

o   Retailers

  • Blockchain in Agriculture Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Blockchain in Agriculture Market.

Available Customizations:

Global Blockchain in Agriculture Market report with the given Market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional Market players (up to five).

Global Blockchain in Agriculture Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.        Markets Covered

1.2.2.        Years Considered for Study

1.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.        Secondary Research

2.5.2.        Primary Research

2.6.  Approach for the Market Study

2.6.1.        The Bottom-Up Approach

2.6.2.        The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.        Data Triangulation & Validation

3.    Executive Summary

4.    Voice of Customer

5.    Global Blockchain in Agriculture Market Outlook

5.1.  Market Size & Forecast

5.1.1.        By Value

5.2.  Market Share & Forecast

5.2.1.        By Type (Public, Private, Hybrid/Consortium)

5.2.2.        By Organization Size (Large Enterprises, SMEs)

5.2.3.        By Stakeholder (Growers, Food Manufacturers/Processors, Retailers)

5.2.4.        By Application (Product Traceability, Tracking, and Visibility, Payment, and Settlement, Smart Contracts, Governance, Risk and Compliance Management)

5.2.5.        By Region

5.2.6.        By Company (2023)

5.3.  Market Map

6.    North America Blockchain in Agriculture Market Outlook

6.1.  Market Size & Forecast

6.1.1.        By Value

6.2.  Market Share & Forecast

6.2.1.        By Type

6.2.2.        By Organization

6.2.3.        By Stakeholder

6.2.4.        By Application

6.2.5.        By Country

6.3.  North America: Country Analysis

6.3.1.        United States Blockchain in Agriculture Market Outlook

6.3.1.1.    Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.    Market Share & Forecast

6.3.1.2.1.             By Type

6.3.1.2.2.             By Organization

6.3.1.2.3.             By Stakeholder

6.3.1.2.4.             By Application

6.3.2.        Canada Blockchain in Agriculture Market Outlook

6.3.2.1.    Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.    Market Share & Forecast

6.3.2.2.1.             By Type

6.3.2.2.2.             By Organization

6.3.2.2.3.             By Stakeholder

6.3.2.2.4.             By Application

6.3.3.        Mexico Blockchain in Agriculture Market Outlook

6.3.3.1.    Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.    Market Share & Forecast

6.3.3.2.1.             By Type

6.3.3.2.2.             By Organization

6.3.3.2.3.             By Stakeholder

6.3.3.2.4.             By Application

7.    Europe Blockchain in Agriculture Market Outlook

7.1.  Market Size & Forecast

7.1.1.        By Value

7.2.  Market Share & Forecast

7.2.1.        By Type

7.2.2.        By Organization

7.2.3.        By Stakeholder

7.2.4.        By Application

7.2.5.        By Country

7.3.  Europe: Country Analysis

7.3.1.        Germany Blockchain in Agriculture Market Outlook

7.3.1.1.    Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.    Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Organization

7.3.1.2.3.             By Stakeholder

7.3.1.2.4.             By Application

7.3.2.        United Kingdom Blockchain in Agriculture Market Outlook

7.3.2.1.    Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.    Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Organization

7.3.2.2.3.             By Stakeholder

7.3.2.2.4.             By Application

7.3.3.        Italy Blockchain in Agriculture Market Outlook

7.3.3.1.    Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.    Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Organization

7.3.3.2.3.             By Stakeholder

7.3.3.2.4.             By Application

7.3.4.        France Blockchain in Agriculture Market Outlook

7.3.4.1.    Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.    Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By Organization

7.3.4.2.3.             By Stakeholder

7.3.4.2.4.             By Application

7.3.5.        Spain Blockchain in Agriculture Market Outlook

7.3.5.1.    Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.    Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By Organization

7.3.5.2.3.             By Stakeholder

7.3.5.2.4.             By Application

8.    Asia-Pacific Blockchain in Agriculture Market Outlook

8.1.  Market Size & Forecast

8.1.1.        By Value

8.2.  Market Share & Forecast

8.2.1.        By Type

8.2.2.        By Organization

8.2.3.        By Stakeholder

8.2.4.        By Application

8.2.5.        By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.        China Blockchain in Agriculture Market Outlook

8.3.1.1.    Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.    Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Organization

8.3.1.2.3.             By Stakeholder

8.3.1.2.4.             By Application

8.3.2.        India Blockchain in Agriculture Market Outlook

8.3.2.1.    Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.    Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Organization

8.3.2.2.3.             By Stakeholder

8.3.2.2.4.             By Application

8.3.3.        Japan Blockchain in Agriculture Market Outlook

8.3.3.1.    Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.    Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Organization

8.3.3.2.3.             By Stakeholder

8.3.3.2.4.             By Application

8.3.4.        South Korea Blockchain in Agriculture Market Outlook

8.3.4.1.    Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.    Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Organization

8.3.4.2.3.             By Stakeholder

8.3.4.2.4.             By Application

8.3.5.        Australia Blockchain in Agriculture Market Outlook

8.3.5.1.    Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.    Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By Organization

8.3.5.2.3.             By Stakeholder

8.3.5.2.4.             By Application

9.    South America Blockchain in Agriculture Market Outlook

9.1.  Market Size & Forecast

9.1.1.        By Value

9.2.  Market Share & Forecast

9.2.1.        By Type

9.2.2.        By Organization

9.2.3.        By Stakeholder

9.2.4.        By Application

9.2.5.        By Country

9.3.  South America: Country Analysis

9.3.1.        Brazil Blockchain in Agriculture Market Outlook

9.3.1.1.    Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.    Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Organization

9.3.1.2.3.             By Stakeholder

9.3.1.2.4.             By Application

9.3.2.        Argentina Blockchain in Agriculture Market Outlook

9.3.2.1.    Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.    Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Organization

9.3.2.2.3.             By Stakeholder

9.3.2.2.4.             By Application

9.3.3.        Colombia Blockchain in Agriculture Market Outlook

9.3.3.1.    Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.    Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Organization

9.3.3.2.3.             By Stakeholder

9.3.3.2.4.             By Application

10.  Middle East and Africa Blockchain in Agriculture Market Outlook

10.1.   Market Size & Forecast         

10.1.1.     By Value

10.2.   Market Share & Forecast

10.2.1.     By Type

10.2.2.     By Organization

10.2.3.     By Stakeholder

10.2.4.     By Application

10.2.5.     By Country

10.3.   Middle East and Africa: Country Analysis

10.3.1.     South Africa Blockchain in Agriculture Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1.          By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1.          By Type

10.3.1.2.2.          By Organization

10.3.1.2.3.          By Stakeholder

10.3.1.2.4.          By Application

10.3.2.     Saudi Arabia Blockchain in Agriculture Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1.          By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1.          By Type

10.3.2.2.2.          By Organization

10.3.2.2.3.          By Stakeholder

10.3.2.2.4.          By Application

10.3.3.     UAE Blockchain in Agriculture Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1.          By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1.          By Type

10.3.3.2.2.          By Organization

10.3.3.2.3.          By Stakeholder

10.3.3.2.4.          By Application

10.3.4.     Kuwait Blockchain in Agriculture Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1.          By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1.          By Type

10.3.4.2.2.          By Organization

10.3.4.2.3.          By Stakeholder

10.3.4.2.4.          By Application

10.3.5.     Turkey Blockchain in Agriculture Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1.          By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1.          By Type

10.3.5.2.2.          By Organization

10.3.5.2.3.          By Stakeholder

10.3.5.2.4.          By Application

11.  Market Dynamics

11.1.   Drivers

11.2.   Challenges

12.  Market Trends & Developments

13.  Company Profiles

13.1.   IBM Corporation

13.1.1.     Business Overview

13.1.2.     Key Revenue and Financials 

13.1.3.     Recent Developments

13.1.4.     Key Personnel/Key Contact Person

13.1.5.     Key Product/Services Offered

13.2.   Microsoft Corporation

13.2.1.     Business Overview

13.2.2.     Key Revenue and Financials 

13.2.3.     Recent Developments

13.2.4.     Key Personnel/Key Contact Person

13.2.5.     Key Product/Services Offered

13.3.   SAP SE

13.3.1.     Business Overview

13.3.2.     Key Revenue and Financials 

13.3.3.     Recent Developments

13.3.4.     Key Personnel/Key Contact Person

13.3.5.     Key Product/Services Offered

13.4.   Oracle Corporation

13.4.1.     Business Overview

13.4.2.     Key Revenue and Financials 

13.4.3.     Recent Developments

13.4.4.     Key Personnel/Key Contact Person

13.4.5.     Key Product/Services Offered

13.5.   Accenture PLC

13.5.1.     Business Overview

13.5.2.     Key Revenue and Financials 

13.5.3.     Recent Developments

13.5.4.     Key Personnel/Key Contact Person

13.5.5.     Key Product/Services Offered

13.6.   AirDAO.io

13.6.1.     Business Overview

13.6.2.     Key Revenue and Financials 

13.6.3.     Recent Developments

13.6.4.     Key Personnel/Key Contact Person

13.6.5.     Key Product/Services Offered

13.7.   AgriLedger

13.7.1.     Business Overview

13.7.2.     Key Revenue and Financials 

13.7.3.     Recent Developments

13.7.4.     Key Personnel/Key Contact Person

13.7.5.     Key Product/Services Offered

13.8.   Ripe Technology Inc

13.8.1.     Business Overview

13.8.2.     Key Revenue and Financials 

13.8.3.     Recent Developments

13.8.4.     Key Personnel/Key Contact Person

13.8.5.     Key Product/Services Offered

13.9.   OriginTrail d.o.o

13.9.1.     Business Overview

13.9.2.     Key Revenue and Financials 

13.9.3.     Recent Developments

13.9.4.     Key Personnel/Key Contact Person

13.9.5.     Key Product/Services Offered

13.10. TE-Food International GmbH

13.10.1.  Business Overview

13.10.2.  Key Revenue and Financials 

13.10.3.  Recent Developments

13.10.4.  Key Personnel/Key Contact Person

13.10.5.  Key Product/Services Offered

14.  Strategic Recommendations

15.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The Market size of the Global Blockchain in Agriculture Market was USD 208 million in 2023.

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In 2023, the Public segment dominated the market share. Public blockchains provide unparalleled transparency and trust by distributing data across a decentralized network. This transparency holds significant importance in the agriculture sector, particularly for consumers and stakeholders seeking to trace the origin and journey of agricultural products from farm to table.

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In 2023, the Product Traceability, Tracking, and Visibility segment emerged as the market leader. Today's consumers prioritize the origin, safety, and sustainability of the products they purchase. Leveraging blockchain technology for product traceability enables consumers to access a transparent and unchangeable record of the entire supply chain process. This enhanced transparency addresses the rising calls for accountability and authenticity within the agriculture industry.

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Increased transparency and traceability and Enhanced efficiency & profitability are the major drivers of the Global Blockchain in Agriculture Market

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Sakshi Bajaal

Business Consultant
Press Release

Blockchain in Agriculture Market to Grow with a CAGR of 40.19% through 2029

Mar, 2024

Increased transparency and traceability and Enhanced efficiency & profitability are likely to drive the Market in the forecast period.