Blockchain in Agriculture Sector: Growth Drivers and Challenges
Growth Drivers
- Rapid Adoption of Blockchain Technology
- Increasing Private Investment in the Agriculture Sector
Challenges
- Unorganized Nature of Farming in Low-income Countries
Blockchain in Agriculture Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
36.4% |
|
Base Year Market Size (2024) |
USD 7.01 billion |
|
Forecast Year Market Size (2037) |
USD 396.56 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of blockchain in agriculture is estimated at USD 9.18 billion.
Blockchain in Agriculture Market size was valued at USD 7.01 billion in 2024 and is likely to cross USD 396.56 billion by 2037, expanding at more than 36.4% CAGR during the forecast period i.e., between 2025-2037.
North America industry is anticipated to account for largest revenue share by 2037, on the back of higher adoption of blockchain technology, such as, blockchain in BFSI, blockchain in telecom, cryptocurrency, in developed economies, including the United States, and Canada, along with the development in the agriculture sector.
The major players in the market are OriginTrail d.o.o., AMBROSUS Inc., Advanced Research Cryptography Ltd., Microsoft, TE-FOOD International GmbH., IBM, Full Profile Pty Ltd, and others.
