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Blockchain Market in Supply Chain Industry Size 2024-2028

The blockchain market in supply chain industry size is forecast to increase by USD 7.55 billion at a CAGR of 53.59% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing number of cargo thefts and the need for enhanced security measures are driving the adoption of blockchain technology. Additionally, the advent of blockchain-as-a-service models is making it more accessible and cost-effective for businesses. However, the high initial setup and implementation costs of blockchain remain a challenge for some organizations. Despite this, the benefits of increased transparency, improved traceability, and enhanced security are compelling many supply chain companies to invest in this technology. As the market continues to evolve, it is expected that blockchain will become an essential tool for ensuring the integrity and security of global supply chains.
With its decentralized and immutable nature, blockchain offers a secure and transparent solution for tracking and verifying the authenticity of goods, from production to delivery. This technology is poised to revolutionize the way businesses manage their supply chains in e-commerce, reducing fraud, increasing efficiency, improving customer trust, and leveraging analytics to optimize decision-making and streamline operations.

What will be the Size of the Blockchain Market in Supply Chain Industry During the Forecast Period?

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The market is experiencing significant growth due to the adoption of distributed ledger technology for enhancing transparency, eliminating middlemen, and ensuring secure and automated information flow. Various sectors, including healthcare institutions, are leveraging this technology to improve supply chain management and product traceability. Distributed ledgers enable digital database records that are immutable and secure, reducing the need for central middlemen and streamlining payment and settlement processes. Blockchain technology offers benefits such as counterfeit detection, smart contracts, and origins tracing, making it an attractive solution for industries like manufacturing, oil and gas, and others.
Regulatory acceptance is also increasing, further boosting market momentum. The blockchain platform provides a secure and efficient ecosystem for transactions and information flow, enhancing the overall efficiency and reliability of supply chain operations. Security remains a top priority, with blockchain's decentralized nature offering strong protection against cyber threats. The market is expected to continue growing as more industries recognize the potential of this transformative technology.

How is this Blockchain in Supply Chain Industry segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Public
  Private
  Hybrid


Application

  Transportation
  Warehousing
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By Type Insights

The public segment is estimated to witness significant growth during the forecast period. The blockchain market in the supply chain industry has witnessed significant growth, particularly in the public cloud segment. In 2023, this segment dominated due to the increasing globalization and expansion of sectors like IT, BFSI, and pharmaceuticals. Public blockchains, which allow anyone to participate in the consensus process, are secured by crypto economics and are fully decentralized. This technology enhances transparency, eliminating the need for middlemen in various industries, including healthcare institutions. Distributed ledger technology provides end-to-end visibility, enabling real-time data sharing for sectors like FMCG and APAC enterprises. Blockchain's application extends to settlement services, legal services, insurance services, and transportation management.
It offers smart contracts, anti-counterfeiting solutions, and product traceability, ensuring authenticity and quality. The technology's digital database records, smart devices, and real-time data facilitate faster delivery, temperature measurements, and shipment position updates. Regulatory acceptance and the integration of AI, ML, and digital asset holdings further strengthen the technological ecosystem. SMEs and industry verticals like manufacturing, oil and gas, and retail can benefit from the increased market liquidity and data analytics for demand forecasting and inventory control.

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The United States recorded a trade deficit of 71.52 USD Billion in May of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Canada's total Exports in 2024 were valued at US$569.17 Billion, according to the United Nations COMTRADE database on international trade. Canada's main export partners were: the United States, China and the United Kingdom. The top three export commodities were: Mineral fuels, oils, distillation products; Vehicles other than railway, tramway and Machinery, nuclear reactors, boilers. Total Imports were valued at US$558.45 Billion. In 2024, Canada had a trade surplus of US$10.72 Billion.

The United States' total Exports in 2024 were valued at US$2.06 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main export partners were: Canada, Mexico and China. The top three export commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$3.36 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

The United States' total Imports in 2024 were valued at US$3.36 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main import partners were: Mexico, China and Canada. The top three import commodities were: Machinery, nuclear reactors, boilers; Electrical, electronic equipment and Vehicles other than railway, tramway. Total Exports were valued at US$2.06 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.