Global Blockchain Technology Market in the Agriculture Sector 2018-2022
- Published: Sep 2018
- Pages: 110
- SKU: IRTNTR22726
Enjoy complimentary customisation on priority with our Enterprise License!
Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
The global blockchain technology market in the agriculture sector is forecasted to reach a value of almost USD 148 million by 2022, with new opportunities developing around the world. The products in this market include not only products that handle data and contracts, but also help the farmers track logistics of crops. This study provides an in-depth analysis of the market by product type (public blockchain technology, consortium blockchain technology, and private blockchain technology), and by region (the Americas, EMEA, and APAC). It also examines the competitive landscape and some of the leading blockchain technology companies such as AgriLedger, FULL PROFILE, and IBM.
Below are a few of the facts about blockchain technology in agriculture found in Technavio’s market research report
Increased government initiatives are key factors driving the demand for blockchain technology applications
Technavio’s analysts have identified the rising number of government initiatives as a major factor that will drive the growth of blockchain technology in agriculture during the forecast period. Government agencies are focusing on expanding the use of blockchain technology in agriculture sector which will contribute to the growth of the market. Emerging precision agriculture technologies such as telematics, robotics, and nanotechnology are helping farmers make use of the advantages of precision farming to make better decisions and increase the agricultural output. These driving factors are part of the reason why the market is expected to grow at a CAGR of almost 14%. For a complete list of drivers influencing the market’s growth, purchase Technavio’s full report.
Want to know what goes into a Technavio report? Get a FREE sample to see selected illustrations and analysis straight from this report.
AgriLedger, FULL PROFILE, and IBM are among the leading blockchain technology companies in the agriculture sector
The global blockchain technology market in the agriculture sector is growing reasonably concentrated with the presence of few international and regional blockchain technology companies that offer products that handle data and contracts and track crop logistics with blockchain technology applications. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this blockchain technology market in the agriculture industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for business expansion.
The report offers a complete analysis of several blockchain technology companies, including:
- AgriLedger
- FULL PROFILE
- IBM
- Microsoft
- Ripe Technology
- TE-FOOD International
The Americas will be the primary driver of growth during the forecast period
Technavio’s market research report covers the following regions:
- The Americas
- EMEA
- APAC
About 60% of the market’s incremental growth is expected to come from the Americas over the next five years. At the end of 2017, the Americas accounted for the largest market share in the global blockchain technology market in the agriculture sector, followed by EMEA and APAC. The Americas are forecasted to experience an increased market share in the next five years, while EMEA and APAC are poised to witness a marginal decline at the end of the forecast period.
Public blockchain technology leads the blockchain technology market in the agriculture sector by product type
The global blockchain technology market in the agriculture sector can be divided into 3 product categories:
- Public blockchain technology
- Consortium blockchain technology
- Private blockchain technology
In 2017, the public blockchain technology product segment held the largest share of the market, followed by the consortium blockchain technology and private blockchain technology. The public blockchain technology is expected to maintain its dominant position over the next five years while consortium and private blockchain technology will hold decreased market share. This report also examines the contributions of the other product segments to the growth of the market and offers predictions for their future performance.
Key highlights of the global blockchain technology market in the agriculture sector for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the blockchain technology market in the agriculture sector during the next five years
- Precise estimation of the size of the blockchain technology market in the agriculture sector and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the blockchain technology market in the agriculture sector across various geographies such as the Americas, EMEA, and APAC
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of blockchain technology companies in the agriculture sector
Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your 14-day FREE trial
This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global blockchain technology market in the agriculture sector market and its stakeholders over the forecast years.
Technavio’s analysts for the blockchain technology market in the agriculture sector have also considered how the performance of other related markets in the vertical will impact the size of this market until 2022. Some of the markets most likely to influence the growth of the precision agriculture market over the coming years are the precision agriculture market and the agricultural testing market.
Technavio also provides customized reports based on the specific requirement of our clients.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY PRODUCT
- Segmentation by product
- Comparison by product
- Public – Market size and forecast 2017-2022
- Consortium – Market size and forecast 2017-2022
- Private – Market size and forecast 2017-2022
- Market opportunity by product
PART 08: SEGMENTATION BY APPLICATION
- Segmentation by application
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- Americas – Market size and forecast 2017-2022
- EMEA – Market size and forecast 2017-2022
- APAC – Market size and forecast 2017-2022
- Key leading countries
- Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 13: MARKET TRENDS
- Rising adoption of IoT
- Rising demand for blockchain-as-a-service in agriculture sector
- Emergence of ICO in agriculture
PART 14: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 15: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- AgriLedger
- FULL PROFILE
- IBM
- Microsoft
- Ripe Technology
- TE-FOOD International
PART 16: APPENDIX
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
Certified ISO 9001 : 2015

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
2500 USD
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
- Our analysts will work directly with you and understand your needs
- Get data on specified regions or segments, competitor and Vendors
- Data will be formatted and presented as per your requirements
- We offer $1000 worth of FREE customization at the time of purchase
Let us help you make report more suited to your requirements.
- Get a competitive breakdown as per your niche industry
- Customize the data with various metrics that meet your business prerequisite
- Understand Revenue Sources, Customers and many more
- Details on Market Share
- These customizations are done in a short amount of time by our analysts and industry experts
