According to a new report, published by KBV research, The Global Blockchain for Sustainable Supply Chains Market size is expected to reach $1.76 billion by 2031, rising at a market growth of 49.8% CAGR during the forecast period.
Blockchain ensures optimal resource utilization by providing real-time inventory, logistics, and production data. With blockchain, stakeholders can verify sustainability claims, fostering trust among consumers, investors, and regulatory bodies. Several trends are shaping the blockchain in sustainable supply chains market. Integrating blockchain with Internet of Things (IoT) devices enhances data collection and verification.
The Large Enterprise segment led the maximum revenue in the Global Blockchain for Sustainable Supply Chains Market by Enterprise Size in 2023, thereby, achieving a market value of $1.2 billion by 2031. These enterprises are increasingly adopting blockchain technology to improve supply chain transparency, ensure compliance with sustainability standards, and streamline operations across multiple geographies. With significant investments in technology, large enterprises are leveraging blockchain to drive operational efficiencies, reduce fraud, and enhance traceability, making it a key solution for businesses with large-scale, diverse, and global supply chains.
The Retail segment is growing at a CAGR of 48 % during the forecast period. Blockchain enables retailers to track the provenance of goods, verify supplier practices, and improve inventory management. The growing consumer demand for ethically sourced and environmentally friendly products has driven the adoption of blockchain solutions. These solutions allow retailers to demonstrate transparency and build consumer trust, further boosting the market’s growth.
Full Report: https://www.kbvresearch.com/blockchain-for-sustainable-supply-chains-market/
The North America region dominated the Global Blockchain for Sustainable Supply Chains Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $606.8 million by 2031. The Europe region is anticipated to grow at a CAGR of 49.6% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 50.6% during (2024 - 2031).
By Enterprise Size
By Industry Vertical
Unique Offerings 
