Global E-Commerce of Agricultural Products Market is valued approximately at USD XXX billion in 2018 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2019-2026. E-Commerce basically refers to trade conducted by the internet or from website. It has enabled greater visibility into the global supply chain of agricultural product, as buyers and sellers are much closer and more easily connected. The agricultural sector is one of the few remaining sectors where e-commerce is yet to have a significant impact. There are numerous reasons for this: the Agri supply chain is frequently controlled by well-entrenched intermediaries; the logistical challenge of handling consumable products is complex; and most consumers still prefer to buy groceries in-person instead of online, given the inconsistent physical appearance of fresh produce, especially vegetables and fruits. However, this is transforming quickly as e-commerce solutions that aim to overcome barriers around customer preferences and logistics drive online grocery around the globe. Increasing per capita spending on internet retailing, along with rising government launches of apps & schemes to support the farmers are the few factor responsible for high CAGR of the market over the forecast period. For instance, In 2017, ecommerce was around USD 2.3 trillion in sales and is projected to reach almost to USD 4.5 trillion by 2021, according to the Statista report. Also, in the US alone, ecommerce signifies almost 10% of retail sales and that number is projected to grow by just about 15% each year. Moreover, easy availability of raw materials, inputs and advanced technology to grow crops are the also some other factor driving the growth of the global e-commerce of agricultural products market. However, lack of awareness and non-accessibility of internet in rural area are the major factor restraining the growth of global E-Commerce of Agricultural Products market during the forecast period.
The regional analysis of global E-Commerce of Agricultural Products Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising usage of modern tools in agriculture, advanced e-commerce platforms, and increasing use of capital intensive harvesting in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period due to the improved acceptance of technology by farmers, favorable government support, and growing usage of capital intensive agriculture across the region.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Manure and Fertilizer
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global E-Commerce of Agricultural Products Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers