USD 1.9 Billion
Blockchain Supply Chain Market Size, Share, Growth Analysis, By Offering(Platform, Services (Technology Advisory and Consulting, Deployment and Integration, Support and Maintenance)), By Providers(Application Providers, Middleware Providers, and Infrastructure Providers), By Application(Asset Tracking, Counterfeit Detection, Payment and Settlement, Smart Contracts), By Organization Size(SMEs, Large enterprises), By Vertical(FMCG, Retail and eCommerce, Healthcare, Manufacturing), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45A2356 |
Region:
Global |
Published Date: November, 2024
Pages:
198
|Tables:
92
|Figures:
72
Blockchain Supply Chain Market Insights
Blockchain Supply Chain Market size was valued at USD 1.9 Billion in 2023 and is poised to grow from USD 2.91 Billion in 2024 to USD 60.36 Billion by 2032, growing at a CAGR of 53.2% during the forecast period (2025-2032).
Automation technologies, such as robotics, artificial intelligence, and advanced analytics, are being implemented to streamline operations, reduce human error, and increase efficiency. Automated systems are capable of handling repetitive tasks, such as inventory management, order processing, and transportation scheduling, allowing human workers to focus on more strategic activities. This increased efficiency not only helps companies reduce costs but also improves accuracy and speed in the supply chain.
Blockchain technology grabbed the public’s attention when its cryptocurrency shook the financial services industry. Now the technologies are expanding to new territories such as art, healthcare, energy, telecommunications, and supply chain. The efficiency of a supply chain relies on trust between the different stakeholders and the interaction between blockchain and IoT technologies can assist in increasing the traceability and reliability of information along the chain. Supply chains across industries and countries will be reimagined, improved and disrupted by blockchain technologies. The ability to deploy blockchain technologies to create the next generation of digital supply chain networks and platforms will be a key element in business success. Various factors such as an increasing need for supply chain transparency, rising demand for enhanced security of supply chain transactions, growing need for automating supply chain activities and eliminating middlemen are expected to drive the global blockchain supply chain market growth over forecast period.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Platform
Fastest Growth
Services
Growth Rate
53.2% CAGR
Global Blockchain Supply Chain Market ($ Bn)
Country Share for North America Region (%)
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Blockchain Supply Chain Market Segmental Analysis
Global Blockchain Supply Chain Market is segmented by Offering, Type, provider, Application, Organization Size, Verticals, and region. Based on Offering, the market is segmented into Platform, Services (Technology Advisory and Consulting, Deployment and Integration, Support and Maintenance). Based on Type, the market is segmented into Public, Private, and Hybrid and Consortium. Based on Provider, the market is segmented into Application Providers, Middleware Providers, and Infrastructure Providers. Based on Application, the market is segmented into Asset Tracking, Counterfeit Detection, Payment and Settlement, Smart contracts, Risk and Compliance Management, and Others. Based on Organization Size, the market is segmented into SMEs, Large enterprises. Based on Vertical, the market is segmented into FMCG, Retail and eCommerce, Healthcare, Manufacturing, Transportation and Logistics, Oil, Mining, and Gas, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Offering
As per the global blockchain supply chain market forecast, the platform segment led the market and accounted for 61.42% of the global revenue in 2024. The platform segment of the blockchain supply chain market is experiencing robust growth due to the increasing need for enhanced transparency and security in supply chain operations. Companies are turning to blockchain platforms to enable real-time tracking and verification of transactions, which helps reduce fraud and improve the efficiency of supply chain processes. The ability of blockchain platforms to create a tamper-proof, decentralized ledger is particularly appealing for industries with complex, global supply chains. In addition, the rising demand for automated solutions is driving the adoption of blockchain platforms that can seamlessly integrate with existing supply chain management systems.
The services segment is expected to register significant growth from 2025 to 2032. The services segment in the blockchain supply chain market is expanding rapidly, driven by the growing complexity of implementing and managing blockchain solutions. Companies are increasingly seeking expert services for the customization, deployment, and integration of blockchain platforms tailored to their specific supply chain needs. As blockchain technology becomes more integral to supply chain management, businesses require ongoing support to ensure the seamless operation of these systems, driving demand for managed services and technical consulting. The need for training and education on blockchain technology is also contributing to the growth of this segment, as organizations strive to upskill their workforce.
Analysis by Type
As per the global blockchain supply chain market analysis, the public segment accounted for the largest market revenue share in 2024. The public segment in the supply chain market is witnessing significant growth due to its decentralized nature, offering open and transparent access to transaction records across the entire network. This transparency is especially appealing for businesses looking to build trust with consumers and stakeholders by providing verifiable data on product origins and supply chain processes. The rising importance of sustainability and ethical sourcing is also driving demand for public blockchains, as they allow for greater accountability in tracking materials and goods. In addition, the growing adoption of cryptocurrencies and decentralized finance (DeFi) within supply chains is further boosting the use of public blockchains.
The hybrid and consortium segment are expected to grow significantly from 2025 to 2032. The segment is growing rapidly as businesses seek a balance between the transparency of public blockchains and the privacy and control offered by private blockchains. Hybrid blockchains allow companies to keep sensitive data secure while still leveraging the benefits of a decentralized ledger for less sensitive transactions, making them ideal for industries with strict regulatory requirements. The flexibility of hybrid blockchains in enabling selective access to data is driving their adoption, particularly in sectors such as healthcare and finance, where data privacy is critical. Moreover, the ability to integrate with existing enterprise systems while maintaining control over certain aspects of the supply chain is contributing to the popularity of hybrid blockchains.
Global Blockchain Supply Chain Market By Offering (%)
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Blockchain Supply Chain Market Regional Insights
As per the blockchain supply chain market outlook, North America region dominated the market and accounted for 37.55% in 2024. The presence of major tech hubs and a strong ecosystem of blockchain startups and established companies contribute to the rapid development and deployment of blockchain solutions. In addition, favorable regulatory environments and significant investments in research and development are accelerating market growth in North America. As companies continue to seek ways to optimize their supply chains and improve operational resilience, the North American market is poised for continued expansion. High levels of investment in blockchain research and development, coupled with a supportive regulatory environment, are fostering rapid growth in this sector. The need for advanced solutions to manage complex and global supply chains is further driving adoption across industries such as retail, healthcare, and manufacturing.
The Asia Pacific region in the blockchain supply chain market is anticipated to register significant growth from 2025 to 2032. Rapid growth due to the region’s burgeoning e-commerce sector and increasing demand for efficient supply chain solutions is a significant factor contributing to the growth of the Asia Pacific region. Rapid industrialization, expanding consumer markets, and the need for enhanced supply chain visibility are driving the adoption of blockchain technology. Countries such as China, India, and Japan are leading the way in implementing blockchain to improve transparency, streamline operations, and combat counterfeit products.
Global Blockchain Supply Chain Market By Geography
- Largest
- Fastest
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Blockchain Supply Chain Market Dynamics
Blockchain Supply Chain Market Drivers
Increasing Need for Supply Chain Transparency and Traceability
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Blockchain technology enhances supply chain transparency and traceability, addressing issues about product authenticity and ethical sourcing. In 2024, 30% of industrial enterprises with more than USD 5 billion in revenue had launched Industry 4.0 pilot projects utilizing blockchain. This adoption rate demonstrates the growing understanding of blockchain’s potential for supply chain management.
Government Initiatives and Regulations Promoting Blockchain Adoption
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Governments throughout the world are realizing blockchain’s promise to improve supply chain efficiency and compliance. The European Union has established the European Blockchain Services Infrastructure (EBSI), which aims to use blockchain technology to facilitate cross-border transactions. The EU has set aside €4 million for blockchain and AI development in 2021, with ambitions to grow this investment to €2 billion by 2027, demonstrating strong government support for blockchain initiatives across a variety of sectors, including supply chains.
Blockchain Supply Chain Market Restraints
Regulatory Uncertainty
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Businesses are wary of investing extensively in a technology whose legal basis is still being developed. There aren’t any clear and consistent standards controlling blockchain use in supply chains. Governments and regulatory organizations are dealing with challenges such as data ownership, privacy, and smart contract enforceability. As a result, companies may hesitate to adopt blockchain technology due to uncertainties around potential legal risks until these regulatory standards are firmly established.
Technical Challenges
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Blockchain technology, particularly public blockchains, can be slow and costly for large-scale supply chain applications. Processing transactions on a public blockchain can be computationally intensive, resulting in delays and significant expenses. Furthermore, integrating blockchain with existing legacy systems in a complex supply network poses a technical challenge. There is a lack of consistency between blockchain platforms. This causes interoperability concerns, making it difficult for businesses utilizing multiple blockchains to easily share data and interact.
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Blockchain Supply Chain Market Competitive Landscape
Key players operating in the global blockchain supply chain industry include IBM Corporation, Microsoft, Amazon Web Services Inc., SAP SE, Guardtime, Bitfury Group Limited, Omnichain Solutions, Accenture, Digital Treasury Corporation, and TIBCO Software. Major players in the market are securing significant market shares by leveraging their technological advancements, strategic partnerships, and diversified offerings. Several players in the blockchain supply chain solutions sector are increasingly focusing on product launches and partnerships as a key strategy to enhance their offerings. These launches are enabling companies to develop more efficient and innovative solutions that address the complexities of modern supply chains.
Top Player’s Company Profiles
- IBM
- Microsoft
- SAP SE
- Amazon Web Services (AWS)
- Oracle
- Huawei
- Guardtime
- TIBCO Software
- Bitfury
- Interbit
- Auxesis Group
- VeChain Foundation
- Chainvine
- Digital Treasury Corporation
- Datex Corporation
- OpenXcell
- Algorythmix
- BlockVerify
- Applied Blockchain
- TransChain
- OmniChain
- Ownest
- Traceparency
- PeerLedger
- OARO
- RecordsKeeper
Recent Developments
- In March 2024, Accenture plc, an Irish IT consulting and professional services firm, acquired Flo Group. The acquisition aims to enhance Accenture’s Oracle capabilities and expand its supply chain expertise in Europe.
- In July 2023, Hyundai Motor Co. and Kia Corporation launched a blockchain-based Supplier CO2 Emissions Monitoring System (SCEMS) to monitor carbon emissions from suppliers or partners.
- In October 2022, German chemical company BASF SE launched Seed 2 Sew, a blockchain platform using Hyperledger technology.
Blockchain Supply Chain Key Market Trends
- Integration with IoT Devices: The Internet of Things (IoT) enables real-time data collecting via sensors integrated into devices. This data, when combined with a blockchain platform, provides a comprehensive perspective of the supply chain. Businesses can monitor temperature, location, and even product conditions, resulting in better quality control and preventive maintenance.
- Evolving Regulatory Landscape: Governments and regulatory agencies see blockchain’s promise in supply chain management. Blockchain’s capacity to automate activities and eliminate the need for intermediaries may significantly increase efficiency. Smart contracts, or self-executing agreements stored on the blockchain, can automate payments, initiate activities depending on predefined circumstances, and speed up workflows.
Blockchain Supply Chain Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, with increasing instances of data breaches and cyber-attacks, businesses are prioritizing the protection of their supply chain data to safeguard against potential threats. Enhanced security measures are being implemented to protect sensitive information and prevent unauthorized access. This heightened focus on security is driving the adoption of advanced technologies, including encryption, multi-factor authentication, and real-time monitoring systems, to ensure that transactions are conducted securely. Companies are investing in robust cybersecurity solutions to mitigate risks associated with fraud and data tampering, which is, in turn, fueling market growth. As businesses continue to recognize the importance of secure transactions, the demand for innovative security solutions in the supply chain sector is expected to rise significantly.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.9 Billion |
| Market size value in 2032 | USD 60.36 Billion |
| Growth Rate | 53.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Blockchain Supply Chain Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Blockchain Supply Chain Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Blockchain Supply Chain Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Blockchain Supply Chain Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Blockchain Supply Chain Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Blockchain Supply Chain Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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