Harvesting Security: A Deep Dive into the Blockchain in Agriculture Market by 2019 to 2029
By enhancing organisational decision-making power, blockchain technology is revolutionising the food and agricultural industries. It is critical to measure and manage the genuine supply and demand for food items in order to ensure that food reaches those in need. Each year, about one-third of all food produced worldwide is wasted, according to the FAO. The blockchain network may be used to solve these challenges quickly and effectively.
The global Blockchain in agriculture market size is expected to reach US$ 2068.5 Million by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 41.00% CAGR between 2019 and 2029. According to the report, increasing cases of food contamination and food scams in the agricultural sector give rise to the growth of transparent supply chain methods; this factor is expected to act as a driver for market growth.
The study provides a comprehensive overview of the market, highlighting the important trends, opportunities, and growth drivers. It provides the most precise market analysis through the use of novel research techniques.
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