Blockchain in Supply Chain Management Market Size, Share, Trends & Competitive Analysis By Type: Public Blockchain, Private Blockchain, Consortium Blockchain By Application: Product Tracking, Payment and Settlement, Counterfeit Detection, Smart Contracts, Risk and Compliance Management By Industry Vertical: By Component: By Deployment Mode: By Organization Size: By Regions, and Industry Forecast, Global Report 2024-2032

  • Report ID: FDS737
  • Forecast Period: 2023-2030
  • No. of Pages: 150+
  • Industry: Advanced Technology

The global Blockchain in Supply Chain Management Market size was valued at USD 1.5 Billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 40% during the forecast period, reaching a value of USD 20.5 Billion by 2032.

Blockchain in Supply Chain Management Market research report by Future Data Stats, offers a comprehensive view of the Market's historical data from 2019 to 2022, capturing trends, growth patterns, and key drivers. It establishes 2023 as the base year, analysing the Market landscape, consumer behaviour, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2024 to 2032, leveraging data analysis techniques to project the Market's growth trajectory, emerging opportunities, and anticipated challenges.


Blockchain technology is revolutionizing supply chain management by enhancing transparency and efficiency. It allows all parties involved in the supply chain to access and share real-time data securely, ensuring the authenticity of products and the integrity of transactions. This decentralized ledger system reduces the risk of fraud, errors, and delays by providing a single, immutable source of truth that all participants can trust.

Moreover, blockchain streamlines processes by automating tasks such as inventory tracking and payment settlements through smart contracts. These self-executing contracts automatically enforce the terms of agreements, reducing the need for intermediaries and minimizing administrative costs. As a result, companies can achieve faster, more reliable supply chain operations, ultimately improving customer satisfaction and competitive advantage.


Blockchain in supply chain management is gaining momentum due to its ability to enhance transparency and efficiency. Market drivers include the increasing demand for real-time data sharing, improved traceability, and the reduction of fraud and errors. Companies are keen to adopt blockchain technology to streamline operations, reduce costs, and enhance customer trust. As a result, the technology is becoming an integral part of modern supply chain strategies, providing a competitive edge to early adopters.

High implementation costs, regulatory uncertainties, and the need for significant technological infrastructure pose challenges. Despite these hurdles, there are ample opportunities for growth. As technology advances and becomes more accessible, businesses can leverage blockchain to innovate and optimize their supply chain processes. Strategic collaborations and continuous advancements will drive the future of blockchain in supply chain management, opening new avenues for efficiency and profitability.



Blockchain technology is revolutionizing supply chain management by enhancing transparency, security, and efficiency. Public blockchains, like those used in cryptocurrency, allow all participants to view and verify transactions, promoting trust across the supply chain. Private blockchains offer a more controlled environment, ideal for organizations seeking to maintain confidentiality and control over their data.

Private blockchains are gaining popularity in industries where data privacy is paramount. These blockchains restrict access to authorized participants, ensuring sensitive information remains protected. By using smart contracts, private blockchains automate processes and reduce the need for intermediaries, streamlining operations and reducing costs.

Consortium blockchains provide a middle ground, offering the benefits of both public and private blockchains. In a consortium blockchain, a group of organizations governs the network, balancing transparency and control. This collaborative approach allows businesses to share information and resources efficiently while maintaining a higher level of security and trust than a public blockchain.


Blockchain technology is transforming supply chain management through several key applications. Product tracking becomes more reliable and transparent, allowing stakeholders to monitor the journey of goods in real time. This enhanced visibility helps ensure product authenticity and quality.

Payment and settlement processes benefit from blockchain by becoming faster and more secure. Blockchain enables direct, tamper-proof transactions between parties, reducing the need for intermediaries and lowering transaction costs. Smart contracts further automate these processes, ensuring agreements are executed exactly as programmed without delay.

Counterfeit detection and risk and compliance management see significant improvements with blockchain. By maintaining an immutable record of transactions, blockchain helps identify and prevent counterfeit goods from entering the supply chain. Additionally, it enhances compliance by providing a clear, verifiable audit trail, making it easier for organizations to meet regulatory requirements and manage risks effectively.


Blockchain's impact on supply chain management varies across different industry verticals, each benefiting uniquely from its capabilities. In retail, blockchain enhances transparency in product provenance, allowing consumers to verify the authenticity and ethical sourcing of goods. Manufacturing industries leverage blockchain for efficient inventory management and supply chain traceability, reducing errors and ensuring just-in-time production.

Healthcare adopts blockchain for secure and interoperable health data management, facilitating seamless sharing of patient records while maintaining privacy. Food and beverage sectors utilize blockchain to track perishable goods from farm to table, ensuring safety and compliance with stringent quality standards. Transportation and logistics benefit from blockchain's ability to streamline freight tracking and optimize route planning, enhancing operational efficiency.

In oil and gas, blockchain enhances transparency in energy trading and supply chain logistics, ensuring compliance with complex regulatory frameworks. Other sectors, such as entertainment and pharmaceuticals, also integrate blockchain to secure intellectual property rights and streamline supply chain operations, demonstrating its versatility and transformative potential across diverse industries.


Blockchain platforms provide the foundational technology that enables decentralized, secure, and transparent transaction processing across supply chains. These platforms support various functionalities such as smart contracts and data immutability, crucial for enhancing trust and efficiency in supply chain operations.

Services surrounding blockchain implementation play a pivotal role in its adoption within the supply chain sector. These services include consulting, integration, and maintenance, tailored to meet specific organizational needs. Consulting services help businesses strategize and plan blockchain deployments, ensuring alignment with business goals and regulatory requirements. Integration services facilitate seamless incorporation of blockchain with existing systems, optimizing workflow and data management. Maintenance services ensure continuous operation and security of blockchain networks, mitigating potential risks and ensuring scalability as businesses grow.

Together, blockchain platforms and services form the backbone of a modernized supply chain ecosystem, offering enhanced transparency, security, and operational efficiency. As industries increasingly recognize the value of blockchain in transforming supply chain management, these components continue to evolve, driving innovation and competitive advantage in global markets.


On-premises deployment involves hosting blockchain infrastructure within an organization's physical premises, offering full control over data and security. This mode is favored by industries with stringent data privacy regulations or specific operational preferences that require direct management of infrastructure and resources.

On the other hand, cloud deployment provides flexibility and scalability by leveraging third-party cloud services to host blockchain networks. This approach reduces upfront costs, simplifies maintenance, and enhances accessibility for global supply chain networks. Cloud-based blockchain solutions are particularly appealing to organizations seeking rapid deployment, scalability, and integration with other cloud-based services and applications.


In the evolving landscape of supply chain management, blockchain adoption varies significantly across organization sizes, with both small and medium enterprises (SMEs) and large enterprises leveraging its transformative potential. SMEs benefit from blockchain's ability to enhance operational transparency and efficiency without the extensive infrastructure investments required by traditional systems. This technology empowers SMEs to streamline supply chain processes, improve traceability, and gain competitive advantages in their respective markets.

Large enterprises, with their complex supply chain networks and global operations, harness blockchain to mitigate risks, ensure compliance, and optimize supply chain logistics. Blockchain's decentralized ledger system enhances data integrity and security, enabling large enterprises to track goods in real-time and automate contractual agreements through smart contracts. This capability reduces administrative overheads and enhances collaboration among diverse stakeholders across the supply chain.


North America leads in adoption, driven by the region's advanced technological infrastructure and early integration of blockchain in diverse industries. The United States and Canada particularly leverage blockchain to enhance transparency, reduce operational costs, and ensure regulatory compliance throughout their supply chains.

In Europe, countries like the UK, Germany, and France are embracing blockchain to optimize logistics, improve traceability, and bolster sustainability efforts. The region's stringent regulations around data privacy and consumer rights further incentivize adoption, making blockchain a preferred solution for maintaining trust and accountability across supply chain networks. Meanwhile, Asia Pacific demonstrates rapid growth, fueled by countries such as China, Japan, and India investing heavily in blockchain technology to modernize supply chain operations and address challenges like counterfeit goods and inefficient logistics. Latin America and the Middle East and Africa are also emerging markets, gradually adopting blockchain to enhance supply chain efficiency, reduce fraud, and improve cross-border trade facilitation.


  • IBM
  • Microsoft
  • Oracle
  • SAP
  • Amazon Web Services (AWS)
  • Huawei
  • Intel
  • Accenture
  • Infosys
  • Chainlink
  • VeChain
  • Ripple
  • Mastercard
  • FedEx
  • DHL
  • Maersk
  • Walmart
  • Binance
  • TradeLens (IBM & Maersk)
  • Everledger
  • Bitfury
  • BlockApps
  • TrustChain (IBM)
  • TIBCO Software
  • AntChain

Table of Contents

  1. Executive Summary

    • Market Overview
    • Key Findings
    • Recommendations
  2. Introduction

    • Report Scope
    • Research Methodology
    • Assumptions and Limitations
  3. Market Dynamics

    • Drivers
    • Restraints
    • Opportunities
    • Challenges
  4. Blockchain in Supply Chain Management: Market Overview

    • Market Definition
    • Technology Overview
    • Adoption Trends
  5. Market Segmentation

    • By Type
      • Public Blockchain
      • Private Blockchain
      • Consortium Blockchain
    • By Application
      • Product Tracking
      • Payment and Settlement
      • Counterfeit Detection
      • Smart Contracts
      • Risk and Compliance Management
    • By Component
      • Platform
      • Services
    • By Deployment Mode
      • On-Premises
      • Cloud
    • By Industry Vertical
      • Retail
      • Manufacturing
      • Healthcare
      • Food and Beverages
      • Transportation and Logistics
      • Oil and Gas
      • Others
    • By Organization Size
      • Small and Medium Enterprises (SMEs)
      • Large Enterprises
    • By Region
      • North America
      • Europe
      • Asia-Pacific
      • Latin America
      • Middle East and Africa
  6. Competitive Landscape

    • Market Share Analysis
    • Key Players
    • Competitive Strategies
  7. Company Profiles

    • Company 1
      • Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments
    • Company 2
      • Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments
    • (Continue for all key players)
  8. Market Trends and Insights

    • Emerging Trends
    • Case Studies
    • Best Practices
  9. Future Outlook and Market Forecast

    • Market Size and Forecast by Type
    • Market Size and Forecast by Application
    • Market Size and Forecast by Region
  10. Conclusion

    • Key Takeaways
    • Future Prospects
  11. Appendix

    • Glossary of Terms
    • List of Abbreviations
    • Methodology
    • References
  12. Index

Blockchain In Supply Chain Management Market Segmentation:

By Type:

  • Public Blockchain
  • Private Blockchain
  • Consortium Blockchain

By Application:

  • Product Tracking
  • Payment and Settlement
  • Counterfeit Detection
  • Smart Contracts
  • Risk and Compliance Management

By Industry Vertical:

  • Retail
  • Manufacturing
  • Healthcare
  • Food and Beverages
  • Transportation and Logistics
  • Oil and Gas
  • Others

By Component:

  • Platform
  • Services

By Deployment Mode:

  • On-Premises
  • Cloud

By Organization Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Geography:

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

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With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.

This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.

Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.

With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:

  • Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through a well-audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of the marketplace

With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.

The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.

Primary Research:

Primary Research


Desk Research


Company Analysis


•       Identify key opinion leaders

•       Questionnaire design

•       In-depth Interviews

•       Coverage across the value chain


•       Company Website

•       Company Annual Reports

•       Paid Databases

•       Financial Reports


•       Market Participants

•       Key Strengths

•       Product Portfolio

•       Mapping as per Value Chain

•       Key focus segment


Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.

The aforementioned helps to:

  • Validate and improve data quality and strengthen the research proceeds
  • Develop a market understanding and expertise
  • Supply authentic information about the market size, share, growth, and forecasts

The primary research interview and discussion panels comprise experienced industry personnel.

These participants include, but are not limited to:

  • Chief executives and VPs of leading corporations specific to an industry
  • Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research:

A broad array of industry sources for the secondary research typically includes, but is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor  presentations for a competitive scenario and shape of the industry
  • Patent and regulatory databases to understand technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles, web-casts, and other related releases to evaluate the market
  • Internal and external proprietary databases, key market indicators, and relevant press releases for  market estimates and forecasts



•       Top executives of end-use industries

•       C-level executives of the leading Parenteral Nutrition companies

•       Sales manager and regional sales manager of the Parenteral Nutrition companies

•       Industry Consultants

•       Distributors/Suppliers


•       Annual Reports

•       Presentations

•       Company Websites

•       Press Releases

•       News Articles

•       Government Agencies’ Publications

•       Industry Publications

•       Paid Databases


Analyst Tools and Models:



·         Arriving at
Global Market Size

·         Arriving at
Market Size

·         Market Share
of Key Players

·         Key Market Players

·         Key Market Players

·         Market Share
of Key Players

·         Arriving at
Market Size

·         Arriving at
Global Market Size


Blockchain in Supply Chain Management Market Dynamic Factors


  • Enhanced transparency and traceability across supply chains.
  • Reduction in fraudulent activities and counterfeit products.
  • Improved efficiency through automated processes and smart contracts.


  • High initial implementation costs and complexity.
  • Integration challenges with existing legacy systems.
  • Regulatory uncertainties and compliance issues.


  • Potential for creating new business models and revenue streams.
  • Streamlined logistics and inventory management.
  • Increased trust among stakeholders and consumers.


  • Scalability concerns as blockchain networks grow.
  • Data privacy and security risks.
  • Need for industry-wide standards and interoperability.

Frequently Asked Questions

The global Blockchain in Supply Chain Management Market size was valued at USD xx Billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of xx% during the forecast period, reaching a value of USD xx Billion by 2032.

Enhanced transparency, reduced fraud, and improved efficiency are primary drivers. Blockchain's ability to streamline operations and enhance trust among stakeholders fuels its adoption.

Trends include the integration of IoT and AI with blockchain, emergence of interoperable platforms, and growing emphasis on sustainability and ethical sourcing.

North America, Europe, and Asia-Pacific are key regions driving market growth. Specific countries such as the US, China, and Germany are leading in adoption and innovation.

Challenges include scalability issues, regulatory uncertainties, and initial setup costs. Opportunities lie in creating new business models, improving supply chain transparency, and leveraging blockchain for sustainable practices.
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