The Europe Blockchain for Sustainable Supply Chains Market is expected to witness market growth of 49.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 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 $114.52 millions by 2031. The UK market is exhibiting a CAGR of 48.4% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 50.7% during 2024-2031.
Blockchain technology fundamentally reshapes supply chains by introducing transparency, traceability, and accountability. Blockchain enables end-to-end tracking of goods, from raw materials to finished products. By recording each transaction on a decentralized ledger, stakeholders can trace the origin of materials, ensuring adherence to sustainability standards.
The immutable nature of blockchain prevents unauthorized alterations in supply chain records. This reduces the risk of counterfeit products and ensures that claims about sustainability and ethical sourcing are verifiable. Blockchain platforms are increasingly used to monitor and report carbon emissions across supply chains. This helps organizations meet regulatory requirements and fulfill their ESG commitments.
The rising industrial production in the European Union (EU) presents a unique opportunity for the blockchain for sustainable supply chains market to grow and thrive. As Europe experiences consistent increases in industrial production and a significant boost in the value of sold production, the demand for more efficient, transparent, and sustainable supply chain solutions becomes ever more critical. Blockchain technology is well-positioned to address these needs by offering secure, transparent, and tamper-proof systems that can enhance the efficiency and sustainability of supply chains across various sectors in Europe. The 8% growth in industrial production in 2021, followed by a 5% increase in 2022, highlights the ongoing recovery and expansion of Europe’s manufacturing and industrial sectors. With this growth, industries face the challenge of scaling up their supply chains while maintaining transparency, sustainability, and efficiency. The significant 19% increase in the nominal value of sold production in 2022 signals not only the economic growth of the EU but also an increased emphasis on optimizing resource management and sustainability. Thus, the ongoing rise in industrial production and the increasing economic value of sold production in the EU present a powerful backdrop for market growth.
The Germany market dominated the Europe 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 $114.52 millions by 2031. The UK market is exhibiting a CAGR of 48.4% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 50.7% during 2024-2031.
Blockchain technology fundamentally reshapes supply chains by introducing transparency, traceability, and accountability. Blockchain enables end-to-end tracking of goods, from raw materials to finished products. By recording each transaction on a decentralized ledger, stakeholders can trace the origin of materials, ensuring adherence to sustainability standards.
The immutable nature of blockchain prevents unauthorized alterations in supply chain records. This reduces the risk of counterfeit products and ensures that claims about sustainability and ethical sourcing are verifiable. Blockchain platforms are increasingly used to monitor and report carbon emissions across supply chains. This helps organizations meet regulatory requirements and fulfill their ESG commitments.
The rising industrial production in the European Union (EU) presents a unique opportunity for the blockchain for sustainable supply chains market to grow and thrive. As Europe experiences consistent increases in industrial production and a significant boost in the value of sold production, the demand for more efficient, transparent, and sustainable supply chain solutions becomes ever more critical. Blockchain technology is well-positioned to address these needs by offering secure, transparent, and tamper-proof systems that can enhance the efficiency and sustainability of supply chains across various sectors in Europe. The 8% growth in industrial production in 2021, followed by a 5% increase in 2022, highlights the ongoing recovery and expansion of Europe’s manufacturing and industrial sectors. With this growth, industries face the challenge of scaling up their supply chains while maintaining transparency, sustainability, and efficiency. The significant 19% increase in the nominal value of sold production in 2022 signals not only the economic growth of the EU but also an increased emphasis on optimizing resource management and sustainability. Thus, the ongoing rise in industrial production and the increasing economic value of sold production in the EU present a powerful backdrop for market growth.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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. Europe Blockchain for Sustainable Supply Chains Market by Enterprise Size
Chapter 6. Europe Blockchain for Sustainable Supply Chains Market by Industry Vertical
Chapter 7. Europe Blockchain for Sustainable Supply Chains Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- IBM Corporation
- Microsoft Corporation
- SAP SE
- Oracle Corporation
- Accenture PLC
- Dell Technologies, Inc.
- Intel Corporation
- Walmart, Inc.
- Bitfury Group Limited.
- OriginTrail
Methodology
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