The report Incorporates the study of the global agriculture supply chain management market that focuses on the supply chain management system, which provides a real-time analytical platform for agri-based organizations to consumers and manages the flow of products and information across the supply chain network. This supply chain network is designed to enhance and strengthen the supply chain operations in an organization by managing production, inventory, sourcing, transportation, and supervising the product demand. Currently, various companies are adopting cloud-based supply chain management software (SCM) to offer several benefits over the on-premises supply chain management software. For instance, in October 2021, FCE GROUP AG announced a partnership with Synergos-Nigeria, a non-profit organization working to bring improvements to smallholder farmers. The partnership worked to improve the agricultural produce in Kaduna State of northwest Nigeria. The project saw around 450,000 farmers receiving digital tools and access to a cloud platform for digital identification, supply chain traceability, and a payment system with traditional and alternative payment methods to transform agricultural practices, improve living conditions and Increase the food security in Nigeria. Apart from this, it offers several advantages to agri-based organizations for faster deployment, minimal risk, greater flexibility, Increased visibility, and others, which are positively impacting on the market growth.
The factors such as an Increase in the need for demand management solutions among agri-business organizations, an Increase in use of cloud-based SCM software, and surge in need for improved supply chain visibility supplement the growth of the agriculture supply chain management market. However, high cost associated with the implementation and maintenance of supply chain management (SCM) solution and uncertainty in regulations & lack of standards are the factors expected to hamper the growth of the agriculture supply chain management market. In addition, rise in urbanization & globalization and integration of blockchain technology in agriculture supply chain management creates market opportunities for the key players operating in the agriculture supply chain management market.
For the purpose of analysis, the global agriculture supply chain management market is segmented on the basis of component, solution type, deployment model, and region. By component, the market is divided into solution, and services. By solution type, it is fragmented into inventory management solutions, fleet management solutions, supplier management, market intelligence, food safety & compliance and others. By deployment model, it is categorized into on-premise and on-demand/cloud-based. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the agriculture supply chain management market are Chainpoint, Proagrica, IBM, SAP, Agri Value Chain, AirDAO, BEXT360, FCE Group AG, Intellync, EKA, KPMG, Geora Ltd, Gr Inchain, Inc., BlueCircle, Sustainable Agriculture Initiative Platform (SAI Platform), AgriDigital, Vesatogo Innovations Pvt. Ltd.
The factors such as an Increase in the need for demand management solutions among agri-business organizations, an Increase in use of cloud-based SCM software, and surge in need for improved supply chain visibility supplement the growth of the agriculture supply chain management market. However, high cost associated with the implementation and maintenance of supply chain management (SCM) solution and uncertainty in regulations & lack of standards are the factors expected to hamper the growth of the agriculture supply chain management market. In addition, rise in urbanization & globalization and integration of blockchain technology in agriculture supply chain management creates market opportunities for the key players operating in the agriculture supply chain management market.
For the purpose of analysis, the global agriculture supply chain management market is segmented on the basis of component, solution type, deployment model, and region. By component, the market is divided into solution, and services. By solution type, it is fragmented into inventory management solutions, fleet management solutions, supplier management, market intelligence, food safety & compliance and others. By deployment model, it is categorized into on-premise and on-demand/cloud-based. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the agriculture supply chain management market are Chainpoint, Proagrica, IBM, SAP, Agri Value Chain, AirDAO, BEXT360, FCE Group AG, Intellync, EKA, KPMG, Geora Ltd, Gr Inchain, Inc., BlueCircle, Sustainable Agriculture Initiative Platform (SAI Platform), AgriDigital, Vesatogo Innovations Pvt. Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global agriculture supply chain management market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall agriculture supply chain management market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global agriculture supply chain management market with a detailed impact analysis.
- The current agriculture supply chain management market is quantitatively analyzed from 2022 to 2032 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
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
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Australia
- New Zealand
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest Of World
Key Market Players
- AgriDigital
- AGRI VALUE CHAIN
- AirDAO
- BEXT360
- BlueCircle
- Chainpoint
- EKA
- FCE GROUP AG
- GEORA LTD
- GR IncHAIN, Inc.
- IBM
- INTELLYNC
- KPMG
- Proagrica
- SAP
- Sustainable Agriculture Initiative Platform
- Vesatogo Innovations Pvt. Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AGRICULTURE SUPPLY CHAIN MANAGEMENT MARKET, BY COMPONENT
CHAPTER 5: AGRICULTURE SUPPLY CHAIN MANAGEMENT MARKET, BY SOLUTION TYPE
CHAPTER 6: AGRICULTURE SUPPLY CHAIN MANAGEMENT MARKET, BY DEPLOYMENT MODEL
CHAPTER 7: AGRICULTURE SUPPLY CHAIN MANAGEMENT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Agriculture Supply Chain Management Market is expected to experience a significant growth rate of 10.1% from 2023 to 2032 owing to increasing inclination towards the production of agricultural products and services across the globe.Supply chain management manages the flow of goods and services and includes all processes that transform raw materials into final products. Similarly, agriculture supply chain management involves managing interaction between companies responsible for effective production and supply of products from farms to consumers to reliably satisfy consumers in terms of quantity, quality, and price requirements. This generally includes managing horizontal and vertical alliances and business-to-business relationships and processes. Thus, agricultural supply chains enforce internal mechanisms and develop chain-wide incentives to ensure the timely performance of production and delivery commitments.
Although the differentiation of goods, increased efficiency, more cost-effective transport, and timely distribution have led to the growth of supply chains from the farm gate to the retail level. For instance, in May 2022, Intellync announced a partnership with Star Index, a provider of supply chain management solutions, to combine Star Index’s broad knowledge of supply chain insights with the expertise of Intellync in agricultural supply chains. It develops a software solution that will work to capture & report data, reduce resource requirements, assess risk, and facilitate improvements across the supply chains of the agri-food businesses.
The key factors driving the growth of the agriculture supply chain management market include increase in demand for management solutions among agri-business organizations, increase in use of cloud-based SCM software, and surge in need for improved supply chain visibility. Furthermore, Adopting cloud-based software in agriculture drives the supply chain management software market. The cloud-based supply chain management software offers several benefits over the on-premises supply chain management software. Cloud SCM offers pay-per-usage licenses and requires minimal IT setup, which businesses adopt to minimize operational costs and transform their processes. Also, cloud SCM vendors are working on upgrading their portfolio, which is expected to reduce the solutions’ costs further. For instance, in October 2021, FCE GROUP AG announced a partnership with Synergos-Nigeria, a non-profit organization working to bring improvements to smallholder farmers. Agriculture supply chain management allows supply chain managers to monitor where their current operations are performing or underperforming so they can be prepared for minor problems and redirect resources for significant outcomes. In addition, it generates data-driven, reliable solutions for effective production and supply of products from farms to consumers to satisfy consumers in terms of quantity, quality, and price requirements.
The market also offers opportunistic factors to the key players operating in the market to enhance their services, which creates ample opportunities for the growth of the market across the globe. This includes rise in urbanization & globalization and integration of blockchain technology in agriculture supply chain management. Companies in the agriculture supply chain management market are employing new technologies to improve efficiency and minimize transportation costs. Blockchain is one of these technologies. Blockchain is a distributed ledger technology that can record transactions between parties safely and permanently. Blockchain eliminates the need for intermediaries, previously required to function as trusted third parties to verify, record, and coordinate transactions by ‘sharing’ databases amongst multiple parties.
Furthermore, the use of blockchain in the agricultural supply chain promises to give a reliable source of truth about the status of farms, inventories, and agricultural contracts, which is quite expensive. Blockchain applications for logistics/supply chain purposes can also generate energy, financial, and environmental advantages. Furthermore, blockchain can save costs by supporting more agile, automated, and error-free processes. Hence, the increasing adoption of these advanced technologies will allow for more organized operations and is expected to drive the agriculture supply chain management market growth.
The agriculture supply chain management market is segmented on the basis of component, solution type, deployment model, and region. By component, the market is divided into solution, and services. By solution type, it is fragmented into inventory management solutions, fleet management solutions, supplier management, market intelligence, food safety & compliance and others. By deployment model, it is categorized into on-premise and on-demand/cloud-based. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Australia, New Zealand and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the study 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. Developments have been carried out by these companies towards offering better agriculture supply chain management services which supplements the growth of the market across the globe. For instance, in June, 2021, AgriDigital announced a partnership with Genesis Feed Technologies, a developer of software solutions for real time data management, to participate in the Seed to Feed supply chain and traceability project. This allowed for further improvement in the field of supply chain logistics by allowing real time insights across the entire supply chain. Similarly, in October, 2020, Eka announces supply chain solutions for commodities and raw materials. Purpose-built for direct materials businesses, Eka's integrated solutions for upstream supply chainlets businesses across asset classes automate logistics, improve utilization of assets and gain real-time visibility into material movement, inventory, and quality. It help Eka to manage agriculture supply chain management. Such developments carried out by other companies creates ample opportunities for the growth of the market across the globe.
Key Market Insights
- By component, the solution segment was the highest revenue contributor to the market, and is estimated to reach $544.4 million by 2032, with a CAGR of 8.7%.
- By solution type, the fleet management solutions segment dominated the global market, and is estimated to reach $154.3 million by 2032, with a CAGR of 9.1%.
- By deployment mode, the on-demand/cloud-based segment was the highest revenue contributor to the market, with $535.2 million in 2032, with a CAGR of 9.5%.
- By region, Asia-Pacific was the highest revenue contributor, accounting for $325.3 million in 2032, with a CAGR of 9.0% during the forecast period.
Companies Mentioned
- AgriDigital
- AGRI VALUE CHAIN
- AirDAO
- BEXT360
- BlueCircle
- Chainpoint
- EKA
- FCE GROUP AG
- GEORA LTD
- GRAINCHAIN, INC.
- IBM
- INTELLYNC
- KPMG
- Proagrica
- SAP
- Sustainable Agriculture Initiative Platform
- Vesatogo Innovations Pvt. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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