Blockchain Supply Chain Market Size

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.