The North America Blockchain for Sustainable Agriculture Market would witness market growth of 5.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $74,990.4 Thousands by 2031. The Canada market is experiencing a CAGR of 7.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.7% during (2024 - 2031).
Blockchain, the decentralized, distributed ledger technology created for cryptocurrency transactions, has expanded its utility across various industries. Its inherent ability to provide transparency, traceability, and security has made it an ideal tool for transforming the agricultural sector.
Moreover, adopting blockchain technology in agriculture provides a unique opportunity to optimize supply chains, promote transparency in food production, and increase efficiency. By integrating blockchain, farmers, producers, and other stakeholders can share data, collaborate, and track the sustainability of agricultural practices from farm to table.
The blockchain for sustainable agriculture market in the USA and Canada is experiencing significant growth, driven by various factors that align with both countries’ agricultural goals of sustainability, transparency, and efficiency. As the agricultural sector in North America faces increasing pressure to meet sustainability standards, blockchain technology is emerging as a key tool for enhancing traceability, improving supply chain management, and promoting environmentally friendly practices.
Free Valuable Insights: The Blockchain for Sustainable Agriculture Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
By Stockholder
By Type
By Enterprise Size
By Application
By Country
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