logo
logo
Sign in

E-commerce of Agricultural Products Market Size, Analysis, Competitive Strategies and Forecasts, 2023-2030 - Coherent Market Insights

avatar
Rohan Deep
E-commerce of Agricultural Products Market Size, Analysis, Competitive Strategies and Forecasts, 2023-2030 - Coherent Market Insights

Market Overview:

Agricultural e-commerce gives an opportunity to streamline the agricultural value chain and decrease inadequacies in the distribution of farm produce. It shows a new method for the farmers to sell their goods to an array of buyers, comprising agricultural businesses, retailers, restaurants and end-users.

Competitive Landscape:

Major players involved in the global e-commerce of agricultural products market are Womai, Alibaba Group, benlai, JD, Yihaodian, tootoo and Sfbest.

Key Market Drivers:

Because of the easy availability of the internet, many people get benefitted from these online facilities, consisting the e-commerce sector also is expected to propel the growth of the global e-commerce of agricultural products market. As per the report surveyed by internetworldstats.com, around 5.05 billion people have access to some or the other form of internet. 

Surge in the growth of agricultural infrastructure, and the execution of various government programs in countries such as India, China, etc., is also expected to fuel the growth of the global e-commerce of agricultural products market. For example, the Indian government has started the Electronic National Agriculture Market, which sets up a perfect example of e-commerce of agricultural marketing in India.

Covid-19 Impact Analysis:

The COVID-19 pandemic is projected to slightly affect the global agricultural e-commerce of agricultural products market for an acute period. The gap within the supply chain and transportation has been impacted negatively because of the lockdown globally. Sudden restrictions of transportation service have led to huge losses to e-commerce platforms.

Key Takeaways:

The global e-commerce of agricultural products market is expected to exhibit a CAGR during the forecast period owing to the collaborations and acquirements, frequent approval and launches of new products. For example, in July 2018, Indian Farmers Fertiliser Cooperative collaborated with Singapore-based technology firm iMandi to establish an e-commerce platform for farmers with an investment of about US$ 10.5 Mn.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the global e-commerce of agricultural products market owing to the usage of modern tools, advanced e-commerce platforms and the high rate of literacy and reducing input price. For Instance, as per the US Department of Agriculture, farmers in the United States use technology robots, GPS, sensors and the aerial pictures which help in providing the information regarding the weather and the surrounding.

collect
0
avatar
Rohan Deep
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more