Agriculture Supply Chain Management Market Growth: Key Drivers and Innovations
According to a research report published by Spherical Insights & Consulting, the Global Agriculture Supply Chain Management Market Size Expected to Grow from USD 0.81 Billion in 2023 to USD 2.14 Billion by 2033, at a CAGR of 10.20% during the forecast period 2023-2033.
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Planning, organizing, and regulating the movement of agricultural goods and services from the farm to the customer is known as agriculture supply chain management or SCM. In order to guarantee that goods are delivered effectively and consistently in terms of quality, quantity, and cost, it entails controlling the connections between companies. In practice, this often relates to managing vertical and horizontal relationships, as well as business-to-business contacts and processes. Furthermore, cutting-edge techniques and growing demand for agricultural products have caused the industry to grow dramatically. Businesses have cooperated, made investments, and launched new goods in an effort to expand their geographic reach and market share. However, the cost of implementing an agricultural supply chain management system raises the price of the final goods that are delivered. Longer processing periods increase overhead costs and have a detrimental effect on the final price of agricultural products.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Agriculture Supply Chain Management Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Solutions, and Services), By Solution (Manufacturing Execution System, Procurement & Sourcing, Transportation Management System, Supply Chain Planning, and Warehouse Management System), By Deployment (On-Demand & Cloud-Based and On-Premise), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The hardware segment dominates the market with the highest market share through the forecast period.
Based on the components, the global agriculture supply chain management market is segmented into hardware, solutions, and services. Among these, the hardware segment dominates the market with the highest market share through the forecast period. The performance of this category is anticipated to be driven during the forecast period by the increasing demand for state-of-the-art hardware and technology. Major manufacturers and market players need a range of advanced components to increase supply capacity.
The manufacturing execution system segment is estimated to grow at the fastest CAGR growth through the forecast period.
Based on the solution, the global agriculture supply chain management market is divided into manufacturing execution system, procurement & sourcing, transportation management system, supply chain planning, and warehouse management system. Among these, the manufacturing execution system segment is estimated to grow at the fastest CAGR growth through the forecast period. Transportation is the primary requirement for meeting demand, the supply chain, and providing customers with the things they need. Manufacturers are able to complete deliveries on time because of transportation facility management.
The on-premise segment has promoted the largest revenue share through the forecast period.
Based on the deployment, the global agriculture supply chain management market is divided into on-demand & cloud-based, and on-premise. Among these, the on-premise segment has promoted the largest revenue share through the forecast period. The compilation of crucial data and its analysis for the client via phone calls and emails has been one of the primary development drivers. The capabilities of the on-premises model can be used to gather and display the data during the process.
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Asia Pacific is estimated to hold the highest share of the global agriculture supply chain management market over the predicted timeframe.
Asia Pacific is expected to hold the largest share of the global agriculture supply chain management market over the predicted timeframe. Its substantial worldwide contribution has led to its dominant position in the agriculture supply chain management market. The Asia Pacific economy has grown robustly due to the establishment of numerous new businesses and firms that have made large investments in agriculture.
North America is anticipated to grow at the fastest CAGR growth of the global agriculture supply chain management market during the forecast period. Online technologies that automate the offline manual operations of supply chain services have made it easier for agricultural producers to track their suppliers and supply chains. Digital platforms are also being used for data exchange and communication across various supply chain actors in order to enhance coordination and decision-making.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Agriculture Supply Chain Management Market are FCE Group AG, Agri Value Chain, Bext360, Ambrosus, ChainPoint, AgriDigital, eHarvestHub, Eka, GrainChain, Geora Ltd., IBM, Trellis Ltd., Intellync, SAP SE, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In May 2022, Star Index partnered with supply chain management system provider Intellync. By reducing resource requirements, and improving facilitation, data reporting, data capture, and risk assessment across the various supply chains related to the food and agricultural industries, the combined expertise of the two companies aims to maximize benefits for potential customers.
- In November 2021, Eka Software Solutions is now an official signatory to the United Nations Global Compact (UNGC), the largest business sustainability initiative in the world. As a signatory, Eka integrates the principles of the UNGC into its business operations to promote sustainability for all stakeholders, including suppliers, customers, employees, and partners.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global agriculture supply chain management market based on the below-mentioned segments:
Global Agriculture Supply Chain Management Market, By Component
- Hardware
- Solutions
- Services
Global Agriculture Supply Chain Management Market, By Solution
- Manufacturing Execution System
- Procurement & Sourcing
- Transportation Management System
- Supply Chain Planning
- Warehouse Management System
Global Agriculture Supply Chain Management Market, By Deployment
- On-Demand & Cloud-Based
- On-Premise
Global Agriculture Supply Chain Management Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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