Report Ocean published the latest research report on the Agriculture Supply Chain Management Market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Agriculture Supply Chain Management Market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.
Harvesting Market Growth
The global agriculture supply chain management market reaped revenues of approximately US$ 358.6 million in 2022, and it is forecasted to cultivate further, reaching US$ 852 million by 2031. The market is set to germinate at a robust compound annual growth rate (CAGR) of 10.1% during the forecast period from 2023 to 2031.
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Cultivating Efficiency in Supply Chain Management
Supply chain management (SCM) orchestrates the seamless flow of services and goods, encompassing all functions involved in transforming raw materials into final products. In the agricultural domain, supply chain management becomes crucial in facilitating effective interactions between companies responsible for supplying and producing products, ensuring the satisfaction of consumers in terms of quality, quantity, and price requirements.
Factors Nurturing Market Growth
- Adoption of Cloud-Based SCM Software: The surge in the usage of cloud-based supply chain management software contributes significantly to the growth of the agriculture supply chain management market.
- Demand for Demand Management Solutions: Agri-business organizations’ increasing demand for demand management solutions plays a pivotal role in expanding the market.
- Need for Enhanced Visibility: The rising requirement for improved supply chain visibility becomes a driving force for market growth.
Weeds Hindering Growth
- High Implementation Costs: The high costs associated with the implementation and maintenance of SCM solutions pose challenges to the growth of the agriculture supply chain management market.
- Regulatory Uncertainty: Uncertainties in regulations and a lack of standards create impediments to market growth.
Seeds of Opportunities
- Globalization and Urbanization: The growth in globalization and urbanization provides fertile ground for market opportunities.
- Integration of Blockchain Technology: The integration of blockchain technology in agriculture supply chain management opens new avenues for key players in the market.
Impact of the COVID-19 Harvest
The COVID-19 pandemic had a significant impact on the agriculture supply chain management market, causing disruptions in the agricultural supply chain due to transportation issues, supply shortages, labor shortages, fluctuating prices, inefficient cold chain facilities, and trade restrictions.
Regional Fields of Abundance
- Asia Pacific Dominance: Asia Pacific is expected to dominate the global agriculture supply chain management market. Its substantial global contribution to the agricultural supply chain management market is fueled by the region’s strong economic growth and investments in agriculture.
Leading Harvesters
Key companies leading the charge include:
- Chainpoint
- Proagrica
- IBM
- SAP
- Agri Value Chain
- AirDAO
- BEXT360
- FCE Group AG
- Intellync
- EKA
- KPMG
- Geora Ltd
- Grainchain, Inc.
- BlueCircle
- Sustainable Agriculture Initiative Platform (SAI Platform)
- AgriDigital
- Vesatogo Innovations Pvt. Ltd.
- Other prominent key players
Segmentation Cultivation
The global agriculture supply chain management market is segmented based on:
Component
- Solution
- Services
Solution Type
- Inventory Management Solutions
- Fleet Management Solutions
- Supplier Management
- Market Intelligence
- Food Safety and Compliance
- Others
Deployment Model
- On-Premise
- On-Demand/Cloud-Based
Region
- North America: 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
(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)
REASION TO BUY
- Time Efficiency: The report saves time by providing comprehensive entry-level research. It consolidates information on market growth, size, key players, and segments, sparing the need for extensive individual research.
- Business Strategy Guidance: By highlighting key business priorities, the report assists companies in reformulating their strategies. This guidance is invaluable in adapting to market dynamics and establishing a strong market presence.
- Insightful Recommendations: The report offers key findings and recommendations based on industry trends. These insights help in crafting effective long-term strategies to maximize market revenue.
- Business Expansion Planning: For companies looking to expand, the report provides valuable insights into both developed and emerging markets. This aids in creating or modifying expansion plans based on substantial growth opportunities.
- In-depth Market Analysis: By scrutinizing regional market trends and drivers, the report provides a comprehensive understanding of the market landscape. It also highlights factors that might impede growth, allowing for informed decision-making.
- Empowering Decision-Making: Understanding the strategies driving commercial interest in products, segmentation, and industry verticals enables better decision-making processes. This knowledge assists in making informed and strategic business decisions.
Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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