SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Blockchain in Agriculture and Food Supply Chain – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
Blockchain in Agriculture and Food Supply Chain FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 703
Companies: 32 – Players covered include Agridigital; Ambrosus; Arc-Net; Blockgrain; Chainvine; IBM; Microsoft; Origintrail; Provenance; Ripe.Io and Others.
Coverage: All major geographies and key segments
Segments: Organization Size (Large Enterprises, SMEs); Application (Product Traceability, Tracking & Visibility, Payment & Settlement, Smart Contract, Governance, Risk & Compliance Management)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Blockchain in Agriculture and Food Supply Chain Market to Reach $1.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Blockchain in Agriculture and Food Supply Chain estimated at US$143.2 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2026, growing at a CAGR of 42.5% over the analysis period. Large Enterprises, one of the segments analyzed in the report, is projected to record a 41.9% CAGR and reach US$1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the SMEs segment is readjusted to a revised 43.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $59 Million in 2021, While China is Forecast to Reach $179.7 Million by 2026
The Blockchain in Agriculture and Food Supply Chain market in the U.S. is estimated at US$59 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$179.7 Million by the year 2026 trailing a CAGR of 40% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 38.4% and 36.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 28.8% CAGR. More
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