Global Blockchain in Agriculture Market, Trends & Growth Opportunity, By Application (Crop Monitoring, Supply Chain Management, Smart Contracts, Financial Transactions), By End-user (Farmers, Food Manufacturers, Retailers), By Blockchain Type (Private, Public, Hybrid), By Region and Forecast till 2030.
Global Blockchain in Agriculture Market
The Global Blockchain in Agriculture Market was valued at USD 150.11 Mn in 2022 and is expected to expand to USD 2994.88 Mn by 2030 at a CAGR of 45.15% during the forecast period of 2023-2030.
Blockchain in agriculture is the use of blockchain technology to revolutionize the agricultural industry. The technology is used to create a transparent, immutable, and decentralized system that enables farmers, distributors, retailers, and consumers to securely and easily record, verify and track agricultural data, including crop yields, origin, quality, and other critical information, as well as manage supply chain processes such as inventory management, logistics, and payments. This can help to ensure the safety and traceability of food products, reduce fraud and waste, increase efficiency and profitability, and enhance consumer trust and confidence.
Market Drivers
The market for blockchain in agriculture is primarily driven by the growing demand for transparency and traceability in the food supply chain. Consumers are becoming increasingly concerned about the safety and origin of the food they consume and are demanding more information about the products they buy. 
Blockchain technology provides a secure, transparent, and immutable platform for tracking and recording the movement of food products from farm to fork, helping to increase transparency and build trust in the food system. In addition, blockchain can help reduce fraud, food waste, and supply chain inefficiencies, leading to improved profitability for farmers and other stakeholders in the agriculture industry. These reasons are propelling the market’s growth.
Market Restraints
A major challenge to the growth of blockchain in the agriculture market includes the lack of awareness and technical expertise among farmers and stakeholders in the agriculture sector. Moreover, the high cost associated with the implementation of blockchain technology may also be a challenge, especially for small-scale farmers and organizations with limited resources.
Additionally, the lack of standardization in data management systems in the agriculture sector may pose a challenge to the effective implementation of blockchain technology. Lastly, the concerns related to data privacy and security may also act as a constraint to the growth of the blockchain in the agriculture market.
Market Segmentation
The global blockchain in the agriculture market is segmented by applications, such as crop monitoring, supply chain management, smart contracts, and financial transactions. Based on end-users, the market is segmented into farmers, food manufacturers, and retailers. Further, the market is segmented by blockchain types, such as private, public, and hybrid.
Regional Analysis
North America is expected to witness significant growth due to the presence of a large number of agriculture and technology-based companies that are investing in blockchain technology for agricultural applications.
Europe and Asia-Pacific are also expected to grow rapidly due to the increasing adoption of advanced agriculture practices and government initiatives to promote digital agriculture.
Key Players
IBM, Microsoft Corporation, AgriChain, Ambrosus, Arc-net, TE-FOOD, Ripe Technology, OriginTrail, Viant, Provenance, BlockGrain, Skuchain, GrainChain, ChainVine, AgriDigital.
Market Taxonomy
By Application
•        Crop Monitoring
•        Supply Chain Management
•        Smart Contracts
•        Financial Transactions
By End-user
•        Farmers
•        Food Manufacturers
•        Retailers
By Blockchain Type
•        Private
•        Public
•        Hybrid
By Region
•        North America (USA, Canada, Mexico)
•        Europe (Germany, France, UK, Rest of Europe)
•        Asia Pacific (China, India, Japan, Rest of Asia Pacific)
•        Latin America (Brazil, Rest of Latin America)
•        Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)

Global Blockchain in Agriculture Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Blockchain in Agriculture Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Blockchain in Agriculture Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Blockchain in Agriculture Market Share Analysis, By Application
5.3 Global Blockchain in Agriculture Market Size and Forecast, By Application
5.3.1 Crop Monitoring
5.3.2 Supply Chain Management
5.3.3 Smart Contracts
5.3.4 Financial Transactions
6 Global Blockchain in Agriculture Market, By End-user
6.1 Y-o-Y Growth Comparison, By End-user
6.2 Global Blockchain in Agriculture Market Share Analysis, By End-user
6.3 Global Blockchain in Agriculture Market Size and Forecast, By End-user
6.3.1 Farmers
6.3.2 Food manufacturers
6.3.3 Retail
7 Global Blockchain in Agriculture Market, By Blockchain Type
7.1 Y-o-Y Growth Comparison, By Blockchain Type
7.2 Global Blockchain in Agriculture Market Share Analysis, By Blockchain Type
7.3 Global Blockchain in Agriculture Market Size and Forecast, By Blockchain Type
7.3.1 Private
7.3.2 Public
7.3.3 Hybrid
8 Global Blockchain in Agriculture Market, By Region
8.1 Global Blockchain in Agriculture Market Share Analysis, By Region
8.2 Global Blockchain in Agriculture Market Size and Forecast, By Region
9 North America Blockchain in Agriculture Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Blockchain in Agriculture Market Share Analysis, By Application
9.3 North America Blockchain in Agriculture Market Size and Forecast, By End-user
9.4 North America Blockchain in Agriculture Market Size and Forecast, By Blockchain Type
9.5 North America Blockchain in Agriculture Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Blockchain in Agriculture Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Blockchain in Agriculture Market Share Analysis, By Application
10.3 Europe Blockchain in Agriculture Market Size and Forecast, By End-user
10.4 Europe Blockchain in Agriculture Market Size and Forecast, By Blockchain Type
10.5 Europe Blockchain in Agriculture Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Blockchain in Agriculture Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Blockchain in Agriculture Market Share Analysis, By Application
11.3 Asia Pacific Blockchain in Agriculture Market Size and Forecast, By End-user
11.4 Asia Pacific Blockchain in Agriculture Market Size and Forecast, By Blockchain Type
11.5 Asia Pacific Blockchain in Agriculture Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Blockchain in Agriculture Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Blockchain in Agriculture Market Share Analysis, By Application
12.3 Latin America Blockchain in Agriculture Market Size and Forecast, By End-user
12.4 Latin America Blockchain in Agriculture Market Size and Forecast, By Blockchain Type
12.5 Latin America Blockchain in Agriculture Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Blockchain in Agriculture Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Blockchain in Agriculture Market Share Analysis, By Application
13.3 Middle East Blockchain in Agriculture Market Size and Forecast, By End-user
13.4 Middle East Blockchain in Agriculture Market Size and Forecast, By Blockchain Type
13.5 Middle East Blockchain in Agriculture Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 IBM
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Microsoft Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 AgriChain
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Ambrosus
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Arc-net
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 TE-FOOD
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Ripe Technology
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 OriginTrail
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Viant
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Provenance
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 BlockGrain
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Skuchain
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 GrainChain
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 ChainVine
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
15.15 AgriDigital
15.15.1 Overview
15.15.2 Offerings
15.15.3 Key Financials
15.15.4 Business Segment & Geographic Overview
15.15.5 Key Market Developments
15.15.6 Key Strategies