Blockchain Supply Chain Market Size & Analysis for North America, Europe, APAC, South America, Middle East and Africa - US, UK, France, Germany, China – 2025-2029

Blockchain Supply Chain Market Size 2025-2029

The global blockchain supply chain market size is projected to grow by USD 3-8 billion at a CAGR of 45%-50% during the forecast period. Exact values for this market can be accessed upon purchasing the report. The market is witnessing explosive growth, fueled by increasing concerns about data security, fraud prevention, and the need for transparency across supply chains. Companies are adopting blockchain supply chain technology to secure transactions, enhance visibility, and reduce operational costs. The rise of blockchain supply chain solutions is revolutionizing how companies manage data, offering blockchain supply chain traceability and improving accountability across every step of the supply chain.

The adoption of blockchain supply chain solutions is accelerating, driven by the need for real-time, tamper-proof tracking of goods, reducing the risk of fraud and enhancing blockchain supply chain transparency. This growing interest is fostering blockchain supply chain innovations, as companies explore new blockchain supply chain applications for improving operational efficiency, tracking, and reducing delays. Blockchain supply chain providers are offering cutting-edge solutions that cater to a variety of industries, including manufacturing, logistics, and retail. These blockchain supply chain solutions are increasingly being integrated with technologies like IoT to provide even greater visibility and control. With continuous blockchain supply chain developments, the industry is evolving rapidly, unlocking new possibilities for efficiency, collaboration, and sustainability. The demand for blockchain supply chain solutions is expected to continue its upward trajectory as businesses strive for greater transparency, improved security, and optimized operations.

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How is this market segmented?

The blockchain supply chain market is segmented across several dimensions, each with its own growth drivers and trends:

• Application
  • Asset Tracking
  • Payment and Settlement
  • Counterfeit Detection
  • Smart Contracts
  • Risk and Compliance Management
  • Others
• End-User
  • Retail & E-commerce
  • Healthcare
  • Manufacturing
  • Transportation & Logistics
  • Oil & Gas
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

Type Insights

The market for public blockchains has seen significant adoption due to their decentralized nature, offering transparency and trust—especially in industries focusing on sustainability and ethical sourcing. In contrast, hybrid blockchains are growing as they offer a balance between privacy and transparency, catering to industries like healthcare and finance where data privacy is paramount.

Regional Analysis

North America dominated the market in 2024, driven by significant investment in blockchain research and a supportive regulatory environment. The US leads in blockchain adoption across various sectors, while APAC is expected to see significant growth due to the booming e-commerce sector and rapid industrialization in countries like China and India.

Market Dynamics

What are the key market drivers leading to the rise in adoption of Blockchain in Supply Chain?

• The increasing focus on data security, especially with growing cyber threats and data breaches.
• The demand for real-time visibility and transparency in supply chains to ensure ethical sourcing and product authenticity.
• The integration of automation and smart contracts to reduce costs and streamline operations.
• Growing concerns over counterfeit goods and fraud, especially in sectors like luxury goods, food, and pharmaceuticals.

What are the market trends shaping the Blockchain Supply Chain Market?

• Automation and AI integration: Automating routine tasks within the supply chain, such as order processing and inventory management, to increase efficiency and reduce human errors.
• Smart contracts adoption: Companies are increasingly adopting smart contracts to reduce intermediaries, enhance compliance, and speed up transactions.
• Sustainability and ethical sourcing: Growing demand for traceability and transparency is prompting companies to use blockchain for tracking product origins and ensuring compliance with sustainability standards.

What challenges does the Blockchain Supply Chain Market face?

• High implementation and integration costs for small to medium enterprises.
• Complexity in transitioning from traditional supply chain management systems to blockchain-based solutions.
• Regulatory hurdles in certain regions, especially regarding data privacy and blockchain governance.

Key Companies & Market Insights

This market research report includes detailed analyses of the competitive landscape of the market and information on close to 20 key companies, including:

• IBM Corporation
• Microsoft
• Amazon Web Services Inc.
• SAP SE
• Guardtime
• Bitfury Group Limited
• Omnichain Solutions
• Accenture
• Digital Treasury Corporation
• TIBCO Software

These companies are driving market growth through strategic partnerships, product innovation, and by leveraging blockchain technology to create more transparent, secure, and efficient supply chain solutions.

Market Scope

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Technavio’s reports provide a range of market insights, including:

• A detailed analysis of the market, featuring market size, growth rate, segmentation, and regional performance
• In-depth analysis of the drivers, challenges, and other dynamics that will impact the growth of the market
• Predictions about upcoming trends and changes in consumer behavior
• Detailed information on key market players, including market positioning, product offerings, and more

Table of Contents

1 Executive Summary

• 1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Global Market Characteristics
  • Executive Summary - Chart on Market by Geography
  • Executive Summary - Chart on Market Segmentation
  • Executive Summary - Chart on Incremental Growth
  • Executive Summary - Data Table on Incremental Growth
  • Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

• 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

• 2.2 Criticality of inputs and factors of differentiation
  • Overview on criticality of inputs and factors of differentiation

• 2.3 Factors of disruption
  • Overview on factors of disruption

• 2.4 Impact of drivers and challenges
  • Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

• 3.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market

• 3.2 Market characteristics
  • Market characteristics analysis

• 3.3 Value chain analysis
  • Value chain analysis

4 Market Sizing

• 4.1 Market definition
  • Offerings of companies included in the market definition

• 4.2 Market segment analysis
  • Market segments

• 4.3 Market size 2024

• 4.4 Market outlook: Forecast for 2024-2029
  • Chart on Global Market - Market size and forecast 2024-2029 ($ billion)
  • Data Table on Global Market - Market size and forecast 2024-2029 ($ billion)
  • Chart on Global Market: Year-over-year growth 2024-2029 (%)
  • Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

• 5.1 Global Market 2019 - 2023
  • Historic Market Size - Data Table on Global Market 2019 - 2023 ($ billion)

• 5.2 Segment Analysis 2019 - 2023
  • Historic Market Size – Segment Analysis 2019 - 2023 ($ billion)

• 5.4 Geography segment analysis 2019 - 2023
  • Historic Market Size - Geography Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

• 6.1 Impact of AI on the Global Market

7 Five Forces Analysis

• 7.1 Five forces summary
  • Five forces analysis - Comparison between 2024 and 2029

• 7.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2024 and 2029

• 7.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2024 and 2029

• 7.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2024 and 2029

• 7.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2024 and 2029

• 7.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2024 and 2029

• 7.7 Market condition
  • Chart on market condition - Five forces 2024 and 2029

8 Market Segmentation

• 8.1 Market segments
  • Chart on Segmentation - Market share 2024-2029 (%)
  • Data Table on Segmentation - Market share 2024-2029 (%)

• 8.2 Segment Comparison
  • Chart on Comparison
  • Data Table on Comparison

• 8.3 Segment Market Opportunity
  • Market opportunity ($ billion)
  • Data Table on Market Opportunity ($ billion)

9 Customer Landscape

• 9.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

• 10.1 Geographic segmentation
  • Chart on market share by geography 2024-2029 (%)
  • Data Table on market share by geography 2024-2029 (%)

• 10.2 Geographic comparison
  • Chart on Geographic comparison
  • Data Table on Geographic comparison

• 10.3 Market opportunity by geography
  • Market opportunity by geography ($ billion)
  • Data Tables on Market opportunity by geography ($ billion)

11 Drivers, Challenges, and Opportunity/Restraints

• 11.1 Market drivers

• 11.2 Market challenges

• 11.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2024 and 2029

• 11.4 Market opportunities/restraints

12 Competitive Landscape

• 12.1 Overview

• 12.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation

• 12.3 Landscape disruption
  • Overview on factors of disruption

• 12.4 Industry risks
  • Impact of key risks on business

13 Competitive Analysis

• 13.1 Companies profiled
  • Companies covered

• 13.2 Company ranking index
  • Company ranking index

• 13.3 Market positioning of companies
  • Matrix on companies position and classification

14 Appendix

• 14.1 Scope of the report

• 14.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist

• 14.3 Currency conversion rates for US$
  • Currency conversion rates for US$

• 14.4 Research methodology
  • Research methodology

• 14.5 Data procurement
  • Information sources

• 14.6 Data validation
  • Data validation

• 14.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing

• 14.8 Data synthesis
  • Data synthesis

• 14.9 360 degree market analysis
  • 360 degree market analysis

• 14.10 List of abbreviations
  • List of abbreviations