E-commerce of Agricultural Products Market, by Product Type (Manure and Fertilizer, Seeds, Light Tools, and Heavy Tools), by Application (Harvesting, Ploughing, Irrigation, and Sowing), by Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

E-commerce of agricultural products are gaining significant traction recently due to easy accessibility. There are various products available on the e-commerce websites from seeds to heavy machinery. Development of information technology is helping farmers in growth of their agricultural business. Evolution of e-commerce platforms has reduced the costs of input and helps farmers to explore new products in the agriculture sector. Development of e-commerce websites has potential to boost five main sectors, which include agricultural input providers, agricultural producers, food manufacturing, agricultural and food wholesalers, food retailers and consumers.

Market Dynamics

  • Easy accessibility of raw materials and, inputs and advanced technology for to grow crops are the key factor driving growth of the global e-commerce of agricultural products market. E-commerce platform offers advantages for agricultural products such as availability of different types of seeds & tools, comparison of quality and prices, and descriptive analysis of products. The person doesn’t have to be physically present to gather the information like in traditional practices. Farmers can sell their products on these websites without having any interference of middlemen. To decrease the input or any other cost farmers and consumers prefer to directly purchase from these e-commerce websites. According to United States Department of Agriculture (USDA) in a report on Indian Mobile and E-commerce Grocery Retail, internet users in tier 2 and tier 3 cities has grown from 4.7% in 2013, to 7% in 2014.
  • Rollout of new schemes and applications by governments may increase the demand for e-commerce platforms for agricultural products, which is expected to fuel growth of the global e-commerce of agricultural products market. Government of India has launched many apps and schemes to support the farmers such as kisan suvidha, IFFCO kisan agriculture, Pusa krishi, etc.
  • However, lack of awareness and non-availability of internet in rural area are restraining growth of the market. Agriculture is the primary employer in rural areas and according to World Bank statistics 45% of world’s population lives in rural areas and only 26% of global population is employed in agriculture.    

Market Outlook

  • Among the product type, manure and fertilizer segment accounted for the highest market share in the e-commerce of agricultural products market in 2017, owing to its high adoption among farmers and agricultural companies due to low adulteration in manure, which it helps in growth of the crops and home delivery of product.
  • Among applications, harvesting segment dominated in the market in 2017. Harvesting is the period when crops are ready to cut from the agricultural land. Mostly farmers use light and heavy weight machinery to harvest the entire crop, as it saves time, energy, and money. Ploughing, irrigation, and sowing does not require heavy use of machinery and these activities can be performed with light weight machinery or manually. The segment is projected to have dominant position in the market over the forecast period.
  • North America held highest market share in the global commerce of agricultural products market in 2017. The region is projected to maintain its dominance over the forecast period, owing use of modern tools in agriculture, high literacy rate, advanced e-commerce platforms, and capital intensive harvesting. According to the US Department of Agriculture, farmers in United States use technology robots, temperature and moisture sensors, aerial images, and GPS technology, which provide precise information about the weather and environment.
  • Asia Pacific is projected to be the fastest growing region in the market over the forecast period, owing to key factors such as increased acceptance of technology by farmers, decreasing input costs, and prevalence of capital intensive agriculture. Indian government has taken out various digital and technological applications and services to help the Indian farmers. Government is also providing subsidiaries for purchasing various agricultural machinery such as Tractor, sprinkler, plant protection equipment.                           

Key players in Global E-commerce of Agricultural Products Market

  • Key players operating in the global e-commerce of agricultural products market include Alibaba Group, JD, Yihaodian, Womai, Sfbest, benlai and tootoo.

Market Taxonomy

On the basis of product type, the global e-commerce of agricultural products market is segmented into:

  • Manure and Fertilizer
  • Seeds
  • Light Tools
  • Heavy Tools

On the basis of application, the global e-commerce of agricultural products market is segmented into:

  • Harvesting
  • Ploughing
  • Irrigation
  • Sowing

On the basis of region, the global agricultural baler market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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