With the emergence and long-term Impact of COVID-19, the Global Agriculture Supply Chain Management Market is to reach USD 774.30 million by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Agriculture Supply Chain Management Market is poised to raise up to USD 774.30 million by 2030. Agriculture supply chain management refers to the coordination and control of various activities involved in the production, processing, distribution, and consumption of agricultural products. It encompasses the entire journey of agricultural goods from the farm to the consumer, including the movement of inputs such as seeds and fertilizers, the cultivation and harvesting of crops, the processing and packaging of food products, and their transportation and storage. The Agriculture Supply Chain Management market is expanding because of factors such as rising food demand and expansion of international food trade and globalization.
Rising demand for food across the globe is driving the adoption of agriculture supply chain management. According to Harvard Business Review Food demand is expected to increase anywhere between 59% to 98% by 2050. According to the Food and Agriculture Organization, the world’s food supply must double between 2014 and 2050 due to the enormous increase in global population. In addition, Surge in need for improved supply chain visibility, Integration of blockchain technology in agriculture supply chain management and rising adoption of cloud-based software is creating a lucrative opportunity to the market growth. For instance, compared to on-premises supply chain management software, cloud-based supply chain management software has a number of advantages.
Businesses employ cloud SCM to reduce operational expenses and transform their company operations since it offers pay-per-usage licenses and requires less IT setup. Additionally, cloud SCM companies are attempting to improve their portfolio, which should drive down the price of the systems even more. For instance, the FCE Group AG announced a cooperation with Synergos-Nigeria in October 2021. Synergos-Nigeria is a non-profit organisation that works to enhance the lives of smallholder farmers. The cooperation aimed to raise the quality of agricultural output in Nigeria’s northwest Kaduna State. However, the lack of technology adoption, climate change and natural disasters stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Agriculture Supply Chain Management Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to the rising food production, and rising food trade activities, and active government participation in the industry. Whereas, North America region is projected to have fastest growth in the market owing to factors such as rising initiatives for technological advancement in the systems and rising number of food supply trade for import and export activities.
The global Agriculture Supply Chain Management Market is highly competitive owing to the presence of several key manufacturers such as Geora Ltd, Sustainable Agriculture Initiative Platform, BEXT360, Vesatogo Innovations Pvt. Ltd., FCE GROUP AG, Grainchain, Inc., and others.
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Global Agriculture Supply Chain Management Market Size study & Forecast, by Component (Solution, Services) by Solution Type (Inventory management solutions, Fleet management solutions, Supplier management, Market intelligence, Food safety and compliance, Others), by Deployment Model (On-premise, On-Demand/Cloud-Based) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Agriculture Supply Chain Management Market is anticipated to grow with a healthy growth rate of more than 10.1% over the forecast period 2023-2030.
- In the component segment, solution emerged as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to rising food trade activities.
- North America is expected to grow at a high CAGR followed by Asia Pacific during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Solution Type:
- Inventory management solutions
- Fleet management solutions
- Supplier management
- Market intelligence
- Food safety and compliance
By Deployment Model:
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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