E-commerce of Agricultural Products Market: Information Technology Manifests Favorably on the Growth

Published on : Jul 20, 2018

Albany, New York, July 20, 2018: Penetration of internet across geographies has trigged adoption of e-commerce in several industries such as agribusinesses. Also, increased adoption of social media and mobile marketing are attributed for the growth of e-commerce of agricultural products market. In its recent report addition titled, ‘Global E-commerce of Agricultural Products Market by Manufacturers, Countries, Type and Application, Forecast to 2023’, Market Research Hub (MRH) evaluates the impact of recent developments on the growth of e-commerce of agricultural products market.

Government Initiatives to Support E-commerce Encourages Growth in E-Commerce of Agricultural Products Market

Need to curtail supply chain downsides has encouraged various entrepreneurs to bank upon e-commerce of agricultural products to coincide with escalated food demands and shifts of rural population to urban and suburban regions. This has encouraged service providers to make reasonable investments towards development of apt platforms that support e-commerce of agricultural products market.

E-commerce giant JD has disclosed in a recent announcement about its planned investment in developing China's e-commerce for agriculture products market. As part of the investment plan, JD will be delegating drones to determine the potential of agricultural e-commerce in northeastern part of China by signing a deal with agribusiness enterprise, BeiDaHuang Group. With this initiative, JD envisages to find a strong foothold in e-commerce for agricultural products market.

Additionally, in a recent development, Alibaba has affirmed about supporting Thailand to develop its e-commerce for agricultural products market by establishing a digital platform worth 330 million US dollars investment. Wide variety of Thai agricultural products are expected to find a lucrative selling platform via Alibaba's T-mall, enabling Alibaba to retain its dominance in e-commerce of agricultural products market.

Veritable insights presented in the report inform readers about various market segments exhibited in the market. This section of the report identifies type and applications as primary segments prevailing in e-commerce of agricultural products market. Based on type, e-commerce of agricultural products market is bifurcated as web portal model, online content providers, online retailers, online distributors, online market maker, online community provider, and cloud application service providers. On the basis of applications, e-commerce of agricultural products market is split as reduction of business processes and input costs, improvisation of transactions, flexibility of enterprise supply chain, and improvisation of interaction between enterprises and customers. Elaborate market segmentation account briefs readers about the impact of segments in driving growth in e-commerce of agricultural products market, besides aiding readers in identifying the segment associated with increased revenues.

Asia-Pacific, Emerging Market in E-commerce of Agricultural Products

The report also collates a comprehensive overview of regional distribution of e-commerce of agricultural products market. Based on region, the market is split as Europe, North America, South America, Asia-Pacific, and Middle East and Africa. Based on critical insights on regional segmentation, readers can identify winning marketing strategies applied by core players in various regions of e-commerce of agricultural products market, besides analyzing the impact of these strategies on end-user response.

Competition Landscape: E-commerce of Agricultural Products Market

Unbiased report findings encapsulated in the report brief readers about the effectiveness of winning marketing tactics in influencing end-user preferences and their eventual purchase decisions. New and existing market players can facilitate in-depth study of these strategies to infer core understanding and develop new perspectives. Based on these perspectives, market players can design and implement pertinent business decisions that fetch durability and profit in e-commerce of agricultural products market. Key players in e-commerce of agricultural products market include, Alibaba Group, JD, Yihaodian, Womai, SFbest, Benlai, and Tootoo.   

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