The global agriculture supply chain management market size was exhibited at USD 0.83 billion in 2022 and is expected to hit around USD 2.17 billion by 2032, growing at a compound annual growth rate (CAGR) of 10% during the forecast period 2023-2032.
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Increased production efficiency, timely distribution, cost-effective transportation, and differentiation of products are driving the growth of the agriculture supply chain management industry. Additionally, the increasing demand for better supply chain visibility is a vital growth factor for market development. Increasing demand for agricultural products has boosted the market size significantly.
The agriculture supply chain management industry mainly manages the execution of services and goods by including various processes which help transform raw materials into final products. A symbiotic relationship must exist between multiple companies across the agriculture supply chain management value chain to deliver high-quality products from farms to direct customers.
Maintaining the product price, quality, and quantity forms the main components of the delivery process. Various companies and industries work together to ensure successful delivery by preserving the integrity of perishable products. A coordinated business-to-business (B2B) interaction between different vendors satisfies potential consumers. Production, if managed promptly, helps fulfill the delivery commitments made to the consumers.
| Report Coverage | Details |
| Market Size in 2022 | USD 0.83 Billion |
| Market Size by 2030 | USD 2.17 Billion |
| Growth Rate from 2022 to 2032 | CAGR of 10% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered |
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| Regions Covered |
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Key Market Drivers
Key Market Restraints
Key Market Opportunities
Key Market Challenges
Global Agriculture Supply Chain Management Market, by Component, 2021-2032 (USD Billion)
| 2022 | 2023 | 2032 | CAGR (2023-32) | |
| Hardware | 0.55 | 0.66 | 1.59 | 10.2% |
| Solution | 0.13 | 0.14 | 0.33 | 10.3% |
| Services | 0.11 | 0.12 | 0.25 | 8.9% |
| Total | 0.83 | 0.92 | 2.17 | 10.0% |
Based on components, the hardware segment has emerged as the highest contributor due to the increasing demand accounting for approximately 70% of the total agriculture supply chain management market share. This segment is expected to perform well during the forecast period due to the increasing demand for advanced technology and hardware.
Key market players and leading producers demand various advanced components to increase the supply capacity. The increasing demand for advanced technology and equipment has dramatically boosted this segment's size.
The various features that have been offered by advanced hardware have been successful in attracting potential consumers and hence contributing to the size of the market considerably. However, faster growth is expected in the services segment over the next few years due to the rapid shift to supply chain management systems and software.
Based on the solution, the manufacturing execution system segment emerged as one of the fastest-growing segments in 2021 due to the increasing demand for advanced agricultural equipment and the rising need for agricultural products among people. Transportation is the primary requirement for fulfilling the demand and supply chain and providing consumers with the necessary goods. The management of transportation facilities helps manufacturers to complete the delivery within a given time frame.
The warehouse management system has also emerged as one of the leading segments because of the increasing need for storage spaces for the various agricultural products which need to be protected from external environmental effects. Managing warehouses require proper coordination and rotation as the goods tend to perish over time.
Based on the deployment model, the on-premise segment is expected to show tremendous growth, accounting for approximately three-fifths of the total global agricultural supply change management market share by 2030. On-premise provides services to clients in real-time at their sites, which will help bolster the segment's growth. The major contributing factors to the growth include organizing critical data and analyzing it for the consumer with the help of emails and calls.
The tools included in the on-premises model can collect and display the data during the procedure. The form is expected to utilize its information technology infrastructure with the help of chatbots. The increasing demand for cloud-based management solutions has been attributed to the growth of this segment during the forecast period.
Global Agriculture Supply Chain Management Market, by End-User, 2021-2032 (USD Billion)
| 2022 | 2023 | 2032 | CAGR (2023-32) | |
| SMEs | 0.17 | 0.20 | 0.67 | 14.4% |
| Large enterprises | 0.66 | 0.71 | 1.50 | 14.4% |
| Total | 0.83 | 0.91 | 2.17 | 10.0% |
Based on the end-user, the large enterprise segment has emerged as the leading market segment due to the availability of disposable income, allowing advanced services and solutions to be implemented. The large enterprise segment is expected to contribute significantly to the market growth due to expanding companies' operations due to the growing consumer demand.
Faster growth is expected in the medium and small-sized business segments during the forecast period. A rapid shift has been observed toward consumer satisfaction, boosting the adoption of agricultural supply chain management systems and equipment that help obtain deep insights by processing real-time data.
Based on geography, Asia Pacific will likely emerge as the largest market during the forecast period. Its extensive global contribution to the agricultural supply chain management market has contributed to its leading position. The strong growth of the Asia Pacific economy is driven by the development of various new businesses and enterprises investing heavily in agriculture. Productivity is expected to increase rapidly due to the increasing demand for modern technology and equipment.
The increasing demand for agricultural products worldwide is contributing to the growth of the agricultural supply chain management market. The regions of Latin America, Middle East, and Africa have also contributed significantly to developing the agriculture supply chain management market.
In May 2022, a partnership took place between star index and Intellync, providers of management solutions for the supply chain. The combined expertise of the respective companies aims to provide maximum benefits to the potential consumers by reducing resource requirements, facilitating improvements, reporting data, capturing data, and assessing the risk involved across the various supply chains involved in the food and agricultural businesses.
Segments Covered in the Report
By Component
By Solution
By Deployment Model
By End-User
By Geography
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