The blockchain in logistics market is on an impressive growth trajectory, with estimates suggesting it will be valued at USD 4.1 billion by 2025 and is projected to reach USD 37.2 billion by 2035. This growth translates to a remarkable compound annual growth rate (CAGR) of 24.6% over the forecast period, highlighting the increasing adoption of blockchain technology across the logistics sector.
Currently, blockchain technology captures approximately 5-7% of the logistics market share. Its growing acceptance stems from its potential to streamline supply chain operations and improve data accuracy. The adoption of blockchain has shown to enhance transparency, reduce errors, and optimize communication among logistics providers. This results in more efficient operations, reducing delays and minimizing the potential for fraud. Within the supply chain management sphere, blockchain’s contributions extend to about 8-10%, primarily due to its capabilities in providing end-to-end visibility and secure real-time tracking of goods.
In various sectors, blockchain finds significant utility. In the technology and IT market, its share stands at 3-5%, underlining its role in the broader digital transformation trend. In e-commerce, its share is approximately 4-6%, supporting secure transactions that bolster consumer and business trust. For financial technology (FinTech), blockchain claims about 5-7%, as it facilitates faster, more secure payments and simplifies cross-border transactions.
The strong growth in the blockchain logistics market can be attributed to an increasing focus on transparency, security, and efficiency in supply chain operations. The technology offers immutable, real-time data sharing, addressing rising global trade complexities and the demand for end-to-end visibility whether in domestic or cross-border logistics networks. This has led governments and enterprises to recognize the potential of blockchain, resulting in favorable regulatory frameworks and increased investments in infrastructure.
Blockchain’s integration with IoT devices and AI analytics is further enhancing the precision and traceability of goods movement, leading to substantial cost savings through reduced paperwork and quicker customs clearance. As a result, blockchain platforms are anticipated to underpin secure, scalable, and interoperable supply chain ecosystems, fostering long-term growth and innovation.
Detailed sectoral analysis reveals that the blockchain logistics market is divided into categories such as application, industry vertical, component, deployment, organization size, and geographic region. The tracking and tracing application segment is expected to dominate, holding a 36.2% revenue share in 2025. This is driven by the rising need for real-time shipment visibility and authenticity verification. The retail and manufacturing industry, with a projected 28.3% market revenue share, underscores blockchain’s capability to improve procurement and distribution processes while ensuring compliance and authenticity.
In terms of market segmentation by component, the platform segment is expected to constitute 55.3% of the revenue share, demonstrating its critical role in providing the essential infrastructure for blockchain solutions.
The report also highlights the competitive landscape, showcasing key players such as IBM, Microsoft, Oracle, SAP, Amazon Web Services (AWS), Intel, and Maersk Line. These companies are pioneering blockchain developments and implementations aimed at revolutionizing logistics operations.
Geographically, the market is poised for growth in key regions such as North America, Asia-Pacific, and Europe, with countries like China and India showing particularly strong growth prospects—projecting CAGRs of 33.2% and 30.8%, respectively. France and the UK are also among the leading markets with growth rates of 25.8% and 23.4%.
Overall, the blockchain in logistics market is progressing rapidly, driven by a confluence of technological advancements and an escalating demand for efficient, transparent logistics solutions. As digital transformation continues to shape the landscape, the role of blockchain is expected to expand, potentially catalyzing significant changes across various logistics applications.
