The North America Blockchain for Sustainable Supply Chains Market would witness market growth of 49.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $434,706.7 Thousands by 2031. The Canada market is experiencing a CAGR of 52.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 51% during (2024 - 2031).
As a critical part of the economy, the supply chain industry faces numerous challenges, including inefficiency, lack of transparency, counterfeiting, fraud, and environmental degradation. With the increasing pressure for sustainability, ethical practices, and transparency, businesses seek innovative solutions to address these issues while improving performance and reducing risks.
Blockchain provides decentralized and immutable ledgers, making it an ideal tool for improving supply chain traceability, transparency, and accountability. By offering real-time data recording, secure transactions, and enhanced collaboration, blockchain transforms how businesses monitor and manage the flow of goods and services. Integrating blockchain technology into supply chains ensures that every process step—from raw materials sourcing to end-product delivery—is traceable, verifiable, and accountable.
The rising growth of Canada's food and beverage processing sector and the expanding retail industry in Mexico are important drivers for the blockchain for sustainable supply chains market in both countries. As Canada becomes a leading player in food production and Mexico experiences significant growth in retail, blockchain technology will increasingly be relied upon to enhance supply chain transparency, efficiency, and sustainability in these sectors. Managing complex supply chains in these industries presents an opportunity for blockchain to address critical challenges like traceability, fraud prevention, and resource optimization As processed food and beverage exports reached an all-time high, blockchain technology can help ensure these products' integrity, traceability, and sustainability. Moreover, in Mexico, the retail sector generates approximately USD 76 billion in revenue and is experiencing significant growth, particularly with dominant players like Walmart de Mexico. Therefore, both Canada and Mexico are experiencing substantial growth in key industries — Canada in food and beverage processing and Mexico in retail.
Free Valuable Insights: The Blockchain for Sustainable Supply Chains Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
By Enterprise Size
By Industry Vertical
By Country
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