The North America Blockchain for Sustainable Supply Chains Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $434.70 millions by 2031. The Canada market is experiencing a CAGR of 52.1% during 2024-2031. Additionally, the Mexico market is expected to 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.
The US market dominated the North America Blockchain for Sustainable Supply Chains Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $434.70 millions by 2031. The Canada market is experiencing a CAGR of 52.1% during 2024-2031. Additionally, the Mexico market is expected to 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.
List of Key Companies Profiled
- IBM Corporation
- Microsoft Corporation
- SAP SE
- Oracle Corporation
- Accenture PLC
- Dell Technologies, Inc.
- Intel Corporation
- Walmart, Inc.
- Bitfury Group Limited.
- OriginTrail
Market Report Segmentation
By Enterprise Size- Large Enterprise
- SMEs
- Retail
- Manufacturing
- Food & Beverages
- Healthcare
- Oil & Gas
- Other Industry Vertical
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Blockchain for Sustainable Supply Chains Market by Enterprise Size
Chapter 6. North America Blockchain for Sustainable Supply Chains Market by Industry Vertical
Chapter 7. North America Blockchain for Sustainable Supply Chains Market by Country
Chapter 8. Company Profiles
