The Europe Blockchain for Sustainable Agriculture Market would witness market growth of 5.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Blockchain for Sustainable Agriculture Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $20,117.8 Thousands by 2031. The UK market is exhibiting a CAGR of 4.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.4% during (2024 - 2031).
Sustainable agriculture is the practice of farming that focuses on maintaining and enhancing the health of ecosystems, promoting biodiversity, and ensuring food security while minimizing environmental impact. As the population continues to rise and climate change exerts increasing pressure on the planet’s resources, the agricultural industry faces significant challenges.
Additionally, Sustainable agriculture has become more important to safeguard the environment and ensure that the agricultural sector remains economically viable and resilient in these challenges. Blockchain technology is an emerging technology that plays a crucial role in the transition towards more sustainable agricultural practices.
The increasing investment and contribution of the agricultural sector to Europe’s economy have profound implications for the growth of the blockchain for sustainable agriculture market. As the EU’s agricultural industry continues to thrive, with a gross value added of €223.9 billion and accounting for 1.3% of the GDP in 2023, it opens significant opportunities for integrating blockchain technologies. Additionally, the agritech investment, which has exceeded £80 billion over the last two decades, signals a strong and continuous interest in innovation that could lead to the widespread adoption of blockchain solutions in agriculture.
Free Valuable Insights: The Global Blockchain for Sustainable Agriculture Market will Hit USD 294.97 Million by 2031, at a CAGR of 5.9%
Based on Stockholder, the market is segmented into Food Manufacturers/Processors, Growers, and Retailers. Based on Type, the market is segmented into Private, Hybrid, and Public. Based on Enterprise Size, the market is segmented into Large Enterprises and Small and Medium-sized Enterprises (SMEs). Based on Application, the market is segmented into Product Traceability, Tracking & Visibility, Payment Settlement, Smart Contracts, Risk & Compliance Management, and Governance & Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Stockholder
By Type
By Enterprise Size
By Application
By Country
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