Blockchain in Logistics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Blockchain In Logistics Market was worth USD 19.5 billion in 2023 and is projected to grow at over 45% CAGR from 2024 to 2032. The integration of AI with blockchain is driving the adoption of predictive analytics in logistics, helping firms forecast demand, optimize inventory, and predict supply chain disruptions. The combination of IoT and blockchain enables real-time tracking of goods, providing a transparent view of the supply chain and allowing stakeholders to monitor shipments in real time. This is particularly important in sectors like healthcare and food and beverage, where product condition monitoring during transit is crucial for quality and safety.

As supply chains become more complex and globalized, advanced technologies are needed to ensure efficiency, transparency, and security. Blockchain technology is transforming supply chain management by addressing key challenges. Its decentralized and cryptographic nature enhances security, making it difficult for unauthorized parties to alter data, thus preventing counterfeiting and theft.

The market is segmented by application into tracking and tracing, smart contracts, payment and settlement, inventory management, fleet management, and freight brokerage. The tracking and tracing segment dominated the market in 2023 and is expected to exceed USD 300 billion by 2032. The emphasis on real-time visibility and predictive analytics necessitates accurate data tracing and tracking. Blockchain combined with IoT provides comprehensive real-time data on goods' locations and conditions, allowing businesses to track shipments accurately and anticipate potential issues. With increasing regulations on product safety, especially in pharmaceuticals and food, blockchain offers a tamper-proof record of transactions and movements, ensuring compliance.

By industry vertical, the market includes retail and manufacturing, healthcare, food and beverage, automotive, oil and gas, and others. The healthcare segment is the fastest-growing, with a CAGR of over 55% from 2024 to 2032. The healthcare industry's stringent regulations on sourcing, manufacturing, distribution, and product usage make blockchain's transparent and immutable ledger invaluable. It records every transaction and movement in the supply chain, enabling stakeholders to verify product origins and handling. Companies adopting blockchain in their medical supply chains have improved accountability, transparency, and efficiency. DHL has launched a prototype using blockchain to enhance pharmaceutical supply chains, reducing the risk of counterfeit drugs.

North America is experiencing significant growth in the blockchain in logistics market, projected to reach USD 350 billion by 2032. In the U.S., the demand for blockchain in logistics is driven by the need for enhanced transparency and efficiency in supply chains. Europe's market is also significant, with the U.K., Germany, and the Netherlands leading. The U.K. Department for Business and Trade introduced the "Critical Imports and Supply Chain Strategy" to help businesses manage supply chain disruptions. Startups like Blockpharma in France are using blockchain to combat counterfeit drugs, allowing consumers to verify product authenticity via QR codes.

Product Code: 10704

Chapter 1 Scope and Methodology

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2024 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology and innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Rising demand for enhanced transparency and traceability
  - 3.7.1.2 Growing supply chain management in various sectors
  - 3.7.1.3 Rising shift towards digital platforms
  - 3.7.1.4 Adoption of new technologies and its integration with AI
  - 3.7.1.5 Increasing focus on implementing sustainable practices in logistics
- 3.7.2 Industry pitfalls and challenges
  - 3.7.2.1 Scalability issues
  - 3.7.2.2 Integration with legacy systems
3.8 Growth potential analysis
3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Billion)

5.1 Key trends
5.2 Tracking and tracing
5.3 Smart contracts
5.4 Payment and settlement
5.5 Inventory management
5.6 Fleet management
5.7 Freight brokerage

Chapter 6 Market Estimates and Forecast, By Industry Vertical, 2021 - 2032 (USD Billion)

6.1 Key trends
6.2 Retail and manufacturing
6.3 Healthcare
6.4 Food and beverage
6.5 Automotive
6.6 Oil and gas
6.7 Others

Chapter 7 Market Estimates and Forecast, By Component, 2021 - 2032 (USD Billion)

7.1 Key trends
7.2 Platform
7.3 Services
- 7.3.1 Consulting
- 7.3.2 Integration
- 7.3.3 Support and maintenance

Chapter 8 Market Estimates and Forecast, By Deployment, 2021 - 2032 (USD Billion)

8.1 Key trends
8.2 Public blockchain
8.3 Private blockchain
8.4 Hybrid blockchain

Chapter 9 Market Estimates and Forecast, By Organization Size, 2021 - 2032 (USD Billion)

9.1 Key trends
9.2 Large enterprises
9.3 Small and medium-sized enterprises (SME)

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Billion)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Amazon Web Services, Inc.
11.2 Block Array
11.3 Blockfreight
11.4 CargoLedger
11.5 CargoX
11.6 Chainvine
11.7 DHL International GmbH
11.8 Everledger
11.9 FedEx Corporation
11.10 IBM Corporation
11.11 Intel Corporation
11.12 Maersk Line
11.13 Microsoft Corporation
11.14 Modum
11.15 Oracle Corporation
11.16 OriginTrail
11.17 R3 Corda
11.18 SAP SE
11.19 ShipChain
11.20 Skuchain
11.21 T-Mining
11.22 TradeLens (joint venture between Maersk and IBM)
11.23 United Parcel Service, Inc. (UPS)
11.24 VeChain
11.25 Waltonchain