The global agriculture supply chain management market revenue was around US$ 394.8 million in 2023 and is estimated to reach US$ 938.6 million by 2032, growing at a compound annual growth rate (CAGR) of 10.1% during the forecast period from 2024 to 2032.
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Supply chain management includes all operations that convert raw materials into finished products and oversees the movement of goods and services. Comparably, agriculture supply chain management entails overseeing the interactions between businesses in charge of efficiently producing and delivering goods from farms to consumers in order to consistently meet their needs for requirements related to quantity, quality, and cost. Supply chains have grown from the farm gate to the retail level, even though product differentiation, enhanced productivity, more affordable transportation, and prompt distribution are to blame.
Factors Influencing Market Growth
– The adoption of real-time data management software in agriculture supply chain management systems by end users improves supply chain visibility will propel the global market growth.
– The use of blockchain in the agricultural supply chain can save costs by supporting more agile, automated, and error-free processes. This will expand the market.
– Adopting cloud-based software in agriculture supply chain management systems provides faster deployment, minimal risk, greater flexibility, increased visibility, etc. This will increase the demand for agriculture supply chain management, thus driving market growth.
– High costs associated with the implementation and maintenance of supply chain management solutions, uncertainty in regulations, and a lack of standards may hamper market growth.
Impact of COVID-19
COVID-19 negatively impacted the market. Because of labor shortages, inefficient cold chain facilities, transportation restrictions, panic buying, fluctuating prices, and a dearth of collectors and aggregators in the market, it caused disruptions in the agricultural supply chain. It also resulted in a shortage of supplies from other states. Due to international trade restrictions, the pandemic has also had an impact on agricultural product imports and exports worldwide. Global agriculture supply chain management was adversely impacted by all of these activities.
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Regional Insights
Asia Pacific is expected to emerge as the largest market during the forecast period. There are several factors contributing to the increase in demand for more advanced & efficient agriculture supply chain management services to be present across the region. Many new companies are emerging, and many of them are making significant investments in agriculture in the region. Because there is a growing need for modern technology and equipment, productivity is predicted to rise quickly.
Leading Competitors
– BlueCircle
– GRAINCHAIN, INC.
– Proagrica
– BEXT360
– KPMG
– AgriDigital
– FCE GROUP AG
– EKA
– IBM
– SAP
– Sustainable Agriculture Initiative Platform
– Chainpoint
– Vesatogo Innovations Pvt. Ltd.
– INTELLYNC
– AGRI VALUE CHAIN
– GEORA LTD
– AirDAO
– Other Prominent Players
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Segmentation Analysis
The global agriculture supply chain management market segmentation focuses on component, solution type, deployment model, and region.
Segmentation based on Component
– Solution
– Services
Segmentation based on Solution Type
– Inventory management solutions
– Fleet management solutions
– Supplier management
– Market intelligence
– Food safety and compliance
– Others
Segmentation based on Deployment Model
– On-premise
– On-Demand/Cloud-Based
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Segmentation based on Region
– North America
– The U.S.
– Canada
– Europe
– UK
– Germany
– France
– Italy
– Spain
– Netherlands
– Rest of Europe
– Asia-Pacific
– China
– Japan
– India
– Australia
– South Korea
– Singapore
– Rest Of Asia-Pacific
– LAMEA
– Latin America
– Middle East
– Africa
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These responses will function a complete examination of the:
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- Major geographic and market segments to target, and end-user goal organizations and their viable operational volumes
- Representative and a price chain probability breakdown
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- The market’s important using forces
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- Thorough SWOT analysis
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- Trending elements that affect the markets in the quite a number region.
- Initiatives with a strategic center of attention on the pinnacle vendors.
- PEST find out about of the five essential market regions.
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