The agriculture supply chain management market is expanding due to the rising need for demand management solutions among agribusiness firms, the rising adoption of cloud-based SCM software, and the rising desire for better supply chain visibility. The market's expansion is anticipated to be hampered by the high cost of supply chain management (SCM) solution deployment and upkeep, uncertainty around laws, and a lack of standards. The leading players operating in the agriculture supply chain management market will have opportunities due to the rise in urbanization, globalization, and the integration of blockchain technology.
COVID-19 IMPACT
The COVID-19 epidemic has a negative influence on the global market for supply chain management in agriculture. Due to a lack of supplies from other states, problems with the arrangement of the transport vehicles, transportation restrictions, labor shortages, ineffective cold chain facilities, panic buying, price fluctuations, and a lack of collectors/aggregators in the market, it has caused disruptions in the agricultural supply chain. Additionally, due to constraints on international trade, the pandemic has impacted the export and import of agricultural products globally. All of these operations have harmed the management of the global agriculture supply chain. The market's stakeholders are, however, making the necessary preparations to make up for the loss brought on by the pandemic.
DRIVING FACTORS
Increasing market need for improved supply chain visibility.
In real-time, supply chain managers keep track of the status of numerous tasks carried out by agricultural supply chain management systems. Supply chain managers can be ready to take care of small issues arising from ongoing monitoring. The ongoing observation ensures sufficient production and supply of goods from the producer to the consumer. The system aids in maintaining the quantity, quality, and price requirements for the items.
RESTRAINING FACTORS
Supply chain management's high maintenance costs are limiting the market
A supply chain management system offers several answers, but maintaining them costs much more, impeding the market's expansion. Another barrier to market expansion is the maintenance costs of agriculture supply chain management systems, which small businesses must be helped to pay. Additionally, the supply chain management system's customization of various services and solutions is rather expensive, which presents a substantial barrier to market expansion.
SEGMENTATION
By Component
Based on components, the agriculture supply chain management market is segmented into hardware, solution and services. The hardware category dominated the market in 2021. Due to the growing demand for cutting-edge hardware and software, this market sector is anticipated to do well throughout the forecast period. To enhance supply capacity, important market participants and top producers want a variety of cutting-edge components. The growing need for cutting-edge technologies and equipment has significantly increased the size of this market.
By Solution Type
By solution type, the market is segmented into manufacturing execution system, transportation management system, warehouse management systems, supply chain planning and procurement & sourcing. The manufacturing execution system category dominated the market in 2021 because there is a growing market for high-tech agricultural equipment and a growing demand for agricultural products among consumers. Transportation is a prerequisite to fulfill the demand and supply chains and deliver essential items to consumers. Manufacturing companies can accomplish deliveries within a specified time range with the help of transportation facility management.
By Deployment Model
The deployment model segments the market into on-premise and on-demand/cloud-based. The on-premise category dominated the market in 2021. On-premise offers clients real-time services at their locations, supporting the segment's expansion. Organizing crucial data and using emails and phone calls to analyze it for the consumer is one of the main contributors to the growth.
By User Type
By user type, the market is segmented into small & medium-sized enterprises (SMEs) and large enterprises. The large enterprise category dominated the market in 2021 due to the availability of discretionary income, enabling the adoption of sophisticated services and solutions. The large enterprise segment is anticipated to considerably contribute to the market's growth due to businesses extending their operations in response to rising consumer demand.
REGIONAL INSIGHTS
The Asia Pacific is projected to hold the largest agricultural supply chain management market share over the forecast period. Its dominant position is a result of its broad global contribution to the agriculture supply chain management business. The establishment of several new firms and businesses making significant investments in agriculture is what is fueling the Asia Pacific region's economy's rapid expansion. Given the rising demand for new tools and technologies, productivity is anticipated to rise quickly.
On the other hand, North America agriculture supply chain management market is anticipated to grow significantly over the forecast period. In response to the growing tendency of agribusiness in near-shoring and re-shoring, manufacturers are moving their manufacturing operations out of the U.S. As a result, the country's inflation rate and freight volume rise. Manufacturers anticipated improved supply chain visibility to optimize the freight and address issues.
LIST OF KEY COMPANIES PROFILED:
- BLUE YONDER
- BLUJAY
- COUPA
- E2OPEN
- EPICOR SOFTWARE CORPORATION
- GEP
- HIGHJUMP
- INFOR
- INTERNATIONAL BUSINESS MACHINES CORPORATION
- JAGGAER
- JDA SOFTWARE GROUP, INC.
- KINAXIS, KINAXIS INC.
- KÖRBER
- LOGILITY
- MANHATTAN ASSOCIATES
- OMP
KEY INDUSTRY DEVELOPMENTS:
- March 2022: Blue Yonder and Snowflake cooperated to reshape supply chain management's access to various data sources. Retailers, manufacturers, and third-party logistics providers (3PLs) can use the end-to-end supply chain solution offered by Blue Yonder's Luminate Platform, powered by Snowflake, to better predict, prevent, and address disruptions across their businesses to reduce risks and address the expanding supply chain challenges faced by the industry.
| Attributes | Details |
| Study Period | 2016-2028 |
| Base Year | 2021 |
| Estimated Year | 2022 |
| Forecast Period | 2022-2028 |
| Historical Period | 2016-2020 |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Component, By Solution Type, By Deployment Model, By User Type and By Geography |
| By Component |
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| By Battery Form |
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| By Material |
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| By User Type |
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| By Region |
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