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Sustainable Agri-Transit Market Trends

  • Report ID: GMI11840
  • Published Date: Oct 2024
  • Report Format: PDF

Sustainable Agri-Transit Market Trends

Blockchain technology is revolutionizing sustainable agricultural transit by enhancing supply chain transparency and traceability. Stakeholders can now track products from farm to table, ensuring sustainable practices and optimizing routing efficiency. Blockchain solutions monitor temperature-controlled transport, verify organic certifications, and reduce food waste through improved inventory management. This technology also provides consumers with detailed information about their food's journey, fostering trust and supporting premium pricing for sustainably transported products.
 

Inadequate cold chain facilities in many developing regions hinder the sustainable transport of perishable agricultural products. Unlike developed nations with advanced refrigeration systems and temperature-controlled logistics, emerging markets often lack this critical infrastructure. This deficiency leads to significant food waste during transit, with some regions losing 30-40% of production. The solution requires more than just building cold storage; it demands sustainable power sources, trained personnel, and renewable energy integration to minimize the carbon footprint. The high initial investment for sustainable cold chain solutions often deters implementation in the regions that need it most.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global market for sustainable agri-transit was reached USD 12.1 billion in 2023 and is projected to grow at a CAGR of 10.2% from 2024 to 2032, driven by stringent environmental regulations.

The road segment accounted for over 50% of the market share in 2023 and is expected to exceed USD 13 billion by 2032, propelled by the adoption of electric tractors and trucks.

The perishable goods segment is expected to exceed USD 15 billion by 2032, supported by the increasing adoption of Modified Atmosphere Transportation (MAT) technology.

The U.S. accounted for over 80% share of the agri-transit market in 2023, led by the rapid adoption of electric farm equipment and supported by federal and state-level incentives.

Major players in the sustainable agri-transit market include Maersk, Archer Daniels Midland (ADM), Bunge, Cargill, CHS, COSCO Shipping, DB Schenker, Lineage Logistics, Louis Dreyfus Company (LDC), Olam International.

Sustainable Agri-Transit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 180
  • Countries covered: 21
  • Pages: 210
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