The Latin America, Middle East and Africa Blockchain for Sustainable Agriculture Market would witness market growth of 8.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $5,434.2 Thousands by 2031. The Argentina market is showcasing a CAGR of 9.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.5% during (2024 - 2031).
Smart contracts, self-executing contracts with terms directly written into code, are another application of blockchain in agriculture. These contracts can facilitate more transparent, fair, and efficient transactions between farmers and other stakeholders. In sustainable agriculture, smart contracts can ensure that farmers are paid fair product prices based on agreed-upon terms. They can also help eliminate intermediaries who may otherwise take a substantial cut from the farmer’s earnings.
Additionally, blockchain can be key in managing agricultural resources, including water, land, and energy. For example, blockchain can help farmers access precise data about soil health, weather patterns, and water usage, enabling them to make more informed decisions and optimize resource consumption. Blockchain can also be used to track carbon emissions, helping farmers reduce their environmental footprint and improve sustainable agriculture.
Brazil’s large-scale agricultural production, while conserving over 60% of its native vegetation, presents a unique challenge in balancing economic growth with environmental preservation. Blockchain can play a pivotal role in ensuring transparency and traceability in the supply chain, particularly in monitoring deforestation rates, water usage, and sustainability practices. The availability of significant credit lines for rural producers in Brazil encourages the adoption of innovative technologies, such as blockchain, which can help farmers track production processes, verify sustainability claims, and optimize resource management.
Free Valuable Insights: The Worldwide Blockchain for Sustainable Agriculture Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- OriginTrail
- IBM Corporation
- GrainChain Inc.
- TE-FOOD International GmbH
- Full Prole Pty Ltd trading as AgriDigital
- AirDAO.io
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Bext Holdings Inc.
- FARMBX, INC.
- Eden Green Technology
LAMEA Blockchain for Sustainable Agriculture Market Report Segmentation
By Stockholder
- Food Manufacturers/Processors
- Growers
- Retailers
By Type
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Application
- Product Traceability
- Tracking & Visibility
- Payment Settlement
- Smart Contracts
- Risk & Compliance Management
- Governance & Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Blockchain for Sustainable Agriculture Market, 2020 - 2023, USD Thousands
TABLE 2 LAMEA Blockchain for Sustainable Agriculture Market, 2024 - 2031, USD Thousands
TABLE 3 LAMEA Blockchain for Sustainable Agriculture Market by Stockholder, 2020 - 2023, USD Thousands
TABLE 4 LAMEA Blockchain for Sustainable Agriculture Market by Stockholder, 2024 - 2031, USD Thousands
TABLE 5 LAMEA Food Manufacturers/Processors Market by Country, 2020 - 2023, USD Thousands
TABLE 6 LAMEA Food Manufacturers/Processors Market by Country, 2024 - 2031, USD Thousands
TABLE 7 LAMEA Growers Market by Country, 2020 - 2023, USD Thousands
TABLE 8 LAMEA Growers Market by Country, 2024 - 2031, USD Thousands
TABLE 9 LAMEA Retailers Market by Country, 2020 - 2023, USD Thousands
TABLE 10 LAMEA Retailers Market by Country, 2024 - 2031, USD Thousands
TABLE 11 LAMEA Blockchain for Sustainable Agriculture Market by Type, 2020 - 2023, USD Thousands
TABLE 12 LAMEA Blockchain for Sustainable Agriculture Market by Type, 2024 - 2031, USD Thousands
TABLE 13 LAMEA Private Market by Country, 2020 - 2023, USD Thousands
TABLE 14 LAMEA Private Market by Country, 2024 - 2031, USD Thousands
TABLE 15 LAMEA Hybrid Market by Country, 2020 - 2023, USD Thousands
TABLE 16 LAMEA Hybrid Market by Country, 2024 - 2031, USD Thousands
TABLE 17 LAMEA Public Market by Country, 2020 - 2023, USD Thousands
TABLE 18 LAMEA Public Market by Country, 2024 - 2031, USD Thousands
TABLE 19 LAMEA Blockchain for Sustainable Agriculture Market by Enterprise Size, 2020 - 2023, USD Thousands
TABLE 20 LAMEA Blockchain for Sustainable Agriculture Market by Enterprise Size, 2024 - 2031, USD Thousands
TABLE 21 LAMEA Large Enterprises Market by Country, 2020 - 2023, USD Thousands
TABLE 22 LAMEA Large Enterprises Market by Country, 2024 - 2031, USD Thousands
TABLE 23 LAMEA Small and Medium-sized Enterprises (SMEs) Market by Country, 2020 - 2023, USD Thousands
TABLE 24 LAMEA Small and Medium-sized Enterprises (SMEs) Market by Country, 2024 - 2031, USD Thousands
TABLE 25 LAMEA Blockchain for Sustainable Agriculture Market by Application, 2020 - 2023, USD Thousands
TABLE 26 LAMEA Blockchain for Sustainable Agriculture Market by Application, 2024 - 2031, USD Thousands
TABLE 27 LAMEA Product Traceability Market by Country, 2020 - 2023, USD Thousands
TABLE 28 LAMEA Product Traceability Market by Country, 2024 - 2031, USD Thousands
TABLE 29 LAMEA Tracking & Visibility Market by Country, 2020 - 2023, USD Thousands
TABLE 30 LAMEA Tracking & Visibility Market by Country, 2024 - 2031, USD Thousands
TABLE 31 LAMEA Payment Settlement Market by Country, 2020 - 2023, USD Thousands
TABLE 32 LAMEA Payment Settlement Market by Country, 2024 - 2031, USD Thousands
TABLE 33 LAMEA Smart Contracts Market by Country, 2020 - 2023, USD Thousands
TABLE 34 LAMEA Smart Contracts Market by Country, 2024 - 2031, USD Thousands
TABLE 35 LAMEA Risk & Compliance Management Market by Country, 2020 - 2023, USD Thousands
TABLE 36 LAMEA Risk & Compliance Management Market by Country, 2024 - 2031, USD Thousands
TABLE 37 LAMEA Governance & Others Market by Country, 2020 - 2023, USD Thousands
TABLE 38 LAMEA Governance & Others Market by Country, 2024 - 2031, USD Thousands
TABLE 39 LAMEA Blockchain for Sustainable Agriculture Market by Country, 2020 - 2023, USD Thousands
TABLE 40 LAMEA Blockchain for Sustainable Agriculture Market by Country, 2024 - 2031, USD Thousands
TABLE 41 Brazil Blockchain for Sustainable Agriculture Market, 2020 - 2023, USD Thousands
TABLE 42 Brazil Blockchain for Sustainable Agriculture Market, 2024 - 2031, USD Thousands
TABLE 43 Brazil Blockchain for Sustainable Agriculture Market by Stockholder, 2020 - 2023, USD Thousands
TABLE 44 Brazil Blockchain for Sustainable Agriculture Market by Stockholder, 2024 - 2031, USD Thousands
TABLE 45 Brazil Blockchain for Sustainable Agriculture Market by Type, 2020 - 2023, USD Thousands
TABLE 46 Brazil Blockchain for Sustainable Agriculture Market by Type, 2024 - 2031, USD Thousands
TABLE 47 Brazil Blockchain for Sustainable Agriculture Market by Enterprise Size, 2020 - 2023, USD Thousands
TABLE 48 Brazil Blockchain for Sustainable Agriculture Market by Enterprise Size, 2024 - 2031, USD Thousands
TABLE 49 Brazil Blockchain for Sustainable Agriculture Market by Application, 2020 - 2023, USD Thousands
TABLE 50 Brazil Blockchain for Sustainable Agriculture Market by Application, 2024 - 2031, USD Thousands
TABLE 51 Argentina Blockchain for Sustainable Agriculture Market, 2020 - 2023, USD Thousands
TABLE 52 Argentina Blockchain for Sustainable Agriculture Market, 2024 - 2031, USD Thousands
TABLE 53 Argentina Blockchain for Sustainable Agriculture Market by Stockholder, 2020 - 2023, USD Thousands
TABLE 54 Argentina Blockchain for Sustainable Agriculture Market by Stockholder, 2024 - 2031, USD Thousands
TABLE 55 Argentina Blockchain for Sustainable Agriculture Market by Type, 2020 - 2023, USD Thousands
TABLE 56 Argentina Blockchain for Sustainable Agriculture Market by Type, 2024 - 2031, USD Thousands
TABLE 57 Argentina Blockchain for Sustainable Agriculture Market by Enterprise Size, 2020 - 2023, USD Thousands
TABLE 58 Argentina Blockchain for Sustainable Agriculture Market by Enterprise Size, 2024 - 2031, USD Thousands
TABLE 59 Argentina Blockchain for Sustainable Agriculture Market by Application, 2020 - 2023, USD Thousands
TABLE 60 Argentina Blockchain for Sustainable Agriculture Market by Application, 2024 - 2031, USD Thousands
TABLE 61 UAE Blockchain for Sustainable Agriculture Market, 2020 - 2023, USD Thousands
TABLE 62 UAE Blockchain for Sustainable Agriculture Market, 2024 - 2031, USD Thousands
TABLE 63 UAE Blockchain for Sustainable Agriculture Market by Stockholder, 2020 - 2023, USD Thousands
TABLE 64 UAE Blockchain for Sustainable Agriculture Market by Stockholder, 2024 - 2031, USD Thousands
TABLE 65 UAE Blockchain for Sustainable Agriculture Market by Type, 2020 - 2023, USD Thousands
TABLE 66 UAE Blockchain for Sustainable Agriculture Market by Type, 2024 - 2031, USD Thousands
TABLE 67 UAE Blockchain for Sustainable Agriculture Market by Enterprise Size, 2020 - 2023, USD Thousands
TABLE 68 UAE Blockchain for Sustainable Agriculture Market by Enterprise Size, 2024 - 2031, USD Thousands
TABLE 69 UAE Blockchain for Sustainable Agriculture Market by Application, 2020 - 2023, USD Thousands
TABLE 70 UAE Blockchain for Sustainable Agriculture Market by Application, 2024 - 2031, USD Thousands
TABLE 71 Saudi Arabia Blockchain for Sustainable Agriculture Market, 2020 - 2023, USD Thousands
TABLE 72 Saudi Arabia Blockchain for Sustainable Agriculture Market, 2024 - 2031, USD Thousands
TABLE 73 Saudi Arabia Blockchain for Sustainable Agriculture Market by Stockholder, 2020 - 2023, USD Thousands
TABLE 74 Saudi Arabia Blockchain for Sustainable Agriculture Market by Stockholder, 2024 - 2031, USD Thousands
TABLE 75 Saudi Arabia Blockchain for Sustainable Agriculture Market by Type, 2020 - 2023, USD Thousands
TABLE 76 Saudi Arabia Blockchain for Sustainable Agriculture Market by Type, 2024 - 2031, USD Thousands
TABLE 77 Saudi Arabia Blockchain for Sustainable Agriculture Market by Enterprise Size, 2020 - 2023, USD Thousands
TABLE 78 Saudi Arabia Blockchain for Sustainable Agriculture Market by Enterprise Size, 2024 - 2031, USD Thousands
TABLE 79 Saudi Arabia Blockchain for Sustainable Agriculture Market by Application, 2020 - 2023, USD Thousands
TABLE 80 Saudi Arabia Blockchain for Sustainable Agriculture Market by Application, 2024 - 2031, USD Thousands
TABLE 81 South Africa Blockchain for Sustainable Agriculture Market, 2020 - 2023, USD Thousands
TABLE 82 South Africa Blockchain for Sustainable Agriculture Market, 2024 - 2031, USD Thousands
TABLE 83 South Africa Blockchain for Sustainable Agriculture Market by Stockholder, 2020 - 2023, USD Thousands
TABLE 84 South Africa Blockchain for Sustainable Agriculture Market by Stockholder, 2024 - 2031, USD Thousands
TABLE 85 South Africa Blockchain for Sustainable Agriculture Market by Type, 2020 - 2023, USD Thousands
TABLE 86 South Africa Blockchain for Sustainable Agriculture Market by Type, 2024 - 2031, USD Thousands
TABLE 87 South Africa Blockchain for Sustainable Agriculture Market by Enterprise Size, 2020 - 2023, USD Thousands
TABLE 88 South Africa Blockchain for Sustainable Agriculture Market by Enterprise Size, 2024 - 2031, USD Thousands
TABLE 89 South Africa Blockchain for Sustainable Agriculture Market by Application, 2020 - 2023, USD Thousands
TABLE 90 South Africa Blockchain for Sustainable Agriculture Market by Application, 2024 - 2031, USD Thousands
TABLE 91 Nigeria Blockchain for Sustainable Agriculture Market, 2020 - 2023, USD Thousands
TABLE 92 Nigeria Blockchain for Sustainable Agriculture Market, 2024 - 2031, USD Thousands
TABLE 93 Nigeria Blockchain for Sustainable Agriculture Market by Stockholder, 2020 - 2023, USD Thousands
TABLE 94 Nigeria Blockchain for Sustainable Agriculture Market by Stockholder, 2024 - 2031, USD Thousands
TABLE 95 Nigeria Blockchain for Sustainable Agriculture Market by Type, 2020 - 2023, USD Thousands
TABLE 96 Nigeria Blockchain for Sustainable Agriculture Market by Type, 2024 - 2031, USD Thousands
TABLE 97 Nigeria Blockchain for Sustainable Agriculture Market by Enterprise Size, 2020 - 2023, USD Thousands
TABLE 98 Nigeria Blockchain for Sustainable Agriculture Market by Enterprise Size, 2024 - 2031, USD Thousands
TABLE 99 Nigeria Blockchain for Sustainable Agriculture Market by Application, 2020 - 2023, USD Thousands
TABLE 100 Nigeria Blockchain for Sustainable Agriculture Market by Application, 2024 - 2031, USD Thousands
TABLE 101 Rest of LAMEA Blockchain for Sustainable Agriculture Market, 2020 - 2023, USD Thousands
TABLE 102 Rest of LAMEA Blockchain for Sustainable Agriculture Market, 2024 - 2031, USD Thousands
TABLE 103 Rest of LAMEA Blockchain for Sustainable Agriculture Market by Stockholder, 2020 - 2023, USD Thousands
TABLE 104 Rest of LAMEA Blockchain for Sustainable Agriculture Market by Stockholder, 2024 - 2031, USD Thousands
TABLE 105 Rest of LAMEA Blockchain for Sustainable Agriculture Market by Type, 2020 - 2023, USD Thousands
TABLE 106 Rest of LAMEA Blockchain for Sustainable Agriculture Market by Type, 2024 - 2031, USD Thousands
TABLE 107 Rest of LAMEA Blockchain for Sustainable Agriculture Market by Enterprise Size, 2020 - 2023, USD Thousands
TABLE 108 Rest of LAMEA Blockchain for Sustainable Agriculture Market by Enterprise Size, 2024 - 2031, USD Thousands
TABLE 109 Rest of LAMEA Blockchain for Sustainable Agriculture Market by Application, 2020 - 2023, USD Thousands
TABLE 110 Rest of LAMEA Blockchain for Sustainable Agriculture Market by Application, 2024 - 2031, USD Thousands
TABLE 111 Key Information – OriginTrail
TABLE 112 Key Information – IBM Corporation
TABLE 113 Key Information – GrainChain Inc.
TABLE 114 Key Information – TE-FOOD International GmbH
TABLE 115 Key Information –AgriDigital
TABLE 116 Key Information – AirDAO
TABLE 117 Key Information – Amazon Web Services, Inc.
TABLE 118 Key Information – Bext Holdings Inc.
TABLE 119 Key Information – FARMBX, INC.
TABLE 120 Key Information – Eden Green Technology
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Blockchain for Sustainable Agriculture Market, 2020 - 2031, USD Thousands
FIG 3 Key Factors Impacting Blockchain for Sustainable Agriculture Market
FIG 4 Porter’s Five Forces Analysis – Blockchain for Sustainable Agriculture Market
FIG 5 LAMEA Blockchain for Sustainable Agriculture Market share by Stockholder, 2023
FIG 6 LAMEA Blockchain for Sustainable Agriculture Market share by Stockholder, 2031
FIG 7 LAMEA Blockchain for Sustainable Agriculture Market by Stockholder, 2020 - 2031, USD Thousands
FIG 8 LAMEA Blockchain for Sustainable Agriculture Market share by Type, 2023
FIG 9 LAMEA Blockchain for Sustainable Agriculture Market share by Type, 2031
FIG 10 LAMEA Blockchain for Sustainable Agriculture Market by Type, 2020 - 2031, USD Thousands
FIG 11 LAMEA Blockchain for Sustainable Agriculture Market share by Enterprise Size, 2023
FIG 12 LAMEA Blockchain for Sustainable Agriculture Market share by Enterprise Size, 2031
FIG 13 LAMEA Blockchain for Sustainable Agriculture Market by Enterprise Size, 2020 - 2031, USD Thousands
FIG 14 LAMEA Blockchain for Sustainable Agriculture Market share by Application, 2023
FIG 15 LAMEA Blockchain for Sustainable Agriculture Market share by Application, 2031
FIG 16 LAMEA Blockchain for Sustainable Agriculture Market by Application, 2020 - 2031, USD Thousands
FIG 17 LAMEA Blockchain for Sustainable Agriculture Market share by Country, 2023
FIG 18 LAMEA Blockchain for Sustainable Agriculture Market share by Country, 2031
FIG 19 LAMEA Blockchain for Sustainable Agriculture Market by Country, 2020 - 2031, USD Thousands
FIG 20 SWOT Analysis: IBM Corporation
FIG 21 SWOT Analysis: Amazon Web Services, Inc.