Future of the Blockchain In Logistics Market: Strategic Analysis and Forecast to 2034

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Blockchain In Logistics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the logistics blockchain market has experienced a significant expansion in the past few years. The market, which is projected to increase from $14.94 billion in 2024 to $22.72 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 52.1%. This substantial growth during the historical period is a result of the increased application of IoT and blockchain, heightened demands for transparency and traceability, improved efficiency in the supply chain through automation, a surge in investment for blockchain solutions, and the blossoming of e-commerce.

Blockchain In Logistics Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to witness enormous expansion in the upcoming years, the blockchain in logistics market is projected to achieve a staggering $120.6 billion by 2029, with a compound annual growth rate (CAGR) of 51.8%. The driving factors behind this dramatic increase during the period of prediction include an elevation in living standards and disposable income, a strong redirection towards digital platforms, burgeoning demand for transparency and traceability, and an uptick in the implementation of smart contracts. The inflection period will be characterized by crucial trends such as automation of smart contracts, collaboration-oriented platforms, blockchain applications in ocean freight, integrations with AI and IoT, and the embrace of private blockchain networks.

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What Are the Drivers Transforming the Blockchain In Logistics Market?
The blockchain in logistics sector is anticipated to grow due to rising needs for transparency and traceability. Transparency and traceability are the capabilities of tracking and freely disseminating the flow of data, operations, or procedures within a system or an enterprise. This growing need emanates from regulatory compliance obligations, ensuring that corporations comply with legalities and norms, thereby reducing potential legal risks and evading penalties. Blockchain technology in logistics enhances transparency and traceability by providing a secure, foolproof digital record where each transaction or product movement is logged in real-time. This enables all parties involved in the supply chain to have access to precise, unalterable data. As per a report published in April 2024 by the International Center for Trade Transparency and Monitoring, a UK-based entity striving to boost transparency and traceability in worldwide trade, there's a 12% growth, with 55% of businesses now demanding deeper understanding into their supply chains compared to the start of the year. As such, the growing need for transparency and traceability is fuelling the expansion of the blockchain in logistics market.

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What Long-Term Trends Will Define the Future of the Blockchain In Logistics Market?
Top firms in the blockchain logistics market sphere are taking advantage of advanced technologies like blockchain tracking systems to boost supply chain visibility, augment real-time tracking, and mitigate fraud. A blockchain tracking system is a technological platform that employs blockchain technology to document, preserve, and validate the transfer of products along a supply chain in a safe, immutable, and transparent way. For instance, in November 2022, Mitsubishi Logistics Inc., a logistics company based in Japan, rolled out ML Chain. This is a blockchain tracking system aimed at increasing the safety, transparency, and quality management of pharmaceutical dispatches. The platform allows for live shipment monitoring, including measuring temperature data, whilst guaranteeing tamper-resistant records through distributed ledger technology. Currently utilized by organizations such as Takeda Pharmaceutical, ML Chain satisfies Good Distribution Practice (GDP) standards and aids in verifying subcontractor skills through smart contracts.

Which Segments in the Blockchain In Logistics Market Offer the Most Profit Potential?
The blockchain in logistics market covered in this report is segmented -

1) By Product: Public Blockchain, Private Blockchain, Other Products
2) By Deployment Model: On-Premises, Cloud-Based
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SME)
4) By Application Area: Supply Chain Management, Inventory Management, Shipment Tracking, Smart Contracts, Cross-Border Payment Solutions
5) By Industry Vertical: Retail And Manufacturing, Healthcare, Food And Beverage, Automotive, Oil And Gas, Other Industry Verticals

Subsegments:
1) By Public Blockchain: Ethereum-Based Logistics Solutions, Bitcoin-Based Supply Chain Platforms, Open Source Blockchain Platforms, Token-Based Freight Tracking Systems
2) By Private Blockchain: Hyperledger Fabric-Based Logistics Networks, Enterprise-Grade Blockchain-As-A-Service (BaaS), Custom Blockchain Platforms For Internal Logistics
3) By Other Products: Consortium Or Hybrid Blockchain Solutions, Blockchain Middleware Platforms, Blockchain-Enabled IoT Integration Tools, Blockchain APIs For Logistics Applications

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Which Firms Dominate the Blockchain In Logistics Market by Market Share and Revenue in 2025?
Major companies operating in the blockchain in logistics market are Microsoft Corporation, Alibaba Group Holding Limited, Huawei Technologies Co Ltd, DHL Group, FedEx Corporation, Amazon Web Services Inc., International Business Machines Corporation, A P Møller - Mærsk A S, Intel Corporation, Oracle Corporation, Kuehne + Nagel, SAP SE, C.H. Robinson, Ripple Labs Inc., The Bitfury Group Limited, Waltonchain Technology Co Ltd, Ambrosus Technologies GmbH, Modum io AG, ShipChain Inc., Everledger Limited, OriginTrail doo, CargoCoin Ltd.

Which Regions Offer the Highest Growth Potential in the Blockchain In Logistics Market?
North America was the largest region in the blockchain in logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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