The Europe Blockchain for Sustainable Supply Chains Market would witness market growth of 49.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Blockchain for Sustainable Supply Chains Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $114,523.4 Thousands by 2031. The UK market is exhibiting a CAGR of 48.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 50.7% during (2024 - 2031).
Blockchain technology fundamentally reshapes supply chains by introducing transparency, traceability, and accountability. Blockchain enables end-to-end tracking of goods, from raw materials to finished products. By recording each transaction on a decentralized ledger, stakeholders can trace the origin of materials, ensuring adherence to sustainability standards.
The immutable nature of blockchain prevents unauthorized alterations in supply chain records. This reduces the risk of counterfeit products and ensures that claims about sustainability and ethical sourcing are verifiable. Blockchain platforms are increasingly used to monitor and report carbon emissions across supply chains. This helps organizations meet regulatory requirements and fulfill their ESG commitments.
The rising industrial production in the European Union (EU) presents a unique opportunity for the blockchain for sustainable supply chains market to grow and thrive. As Europe experiences consistent increases in industrial production and a significant boost in the value of sold production, the demand for more efficient, transparent, and sustainable supply chain solutions becomes ever more critical. Blockchain technology is well-positioned to address these needs by offering secure, transparent, and tamper-proof systems that can enhance the efficiency and sustainability of supply chains across various sectors in Europe. The 8% growth in industrial production in 2021, followed by a 5% increase in 2022, highlights the ongoing recovery and expansion of Europe’s manufacturing and industrial sectors. With this growth, industries face the challenge of scaling up their supply chains while maintaining transparency, sustainability, and efficiency. The significant 19% increase in the nominal value of sold production in 2022 signals not only the economic growth of the EU but also an increased emphasis on optimizing resource management and sustainability. Thus, the ongoing rise in industrial production and the increasing economic value of sold production in the EU present a powerful backdrop for market growth.
Free Valuable Insights: The Global Blockchain for Sustainable Supply Chains Market will Hit USD 1.76 Billion by 2031, at a CAGR of 49.8%
Based on Enterprise Size, the market is segmented into Large Enterprise and SMEs. Based on Industry Vertical, the market is segmented into Retail, Manufacturing, Food & Beverages, Healthcare, Oil & Gas, and Other Industry Vertical. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Enterprise Size
By Industry Vertical
By Country
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