Blockchain for Supply Chain Traceability Market to hit USD 44.3 Billion By 2034

The Global Blockchain for Supply Chain Traceability Market size is expected to be worth around USD 44.3 Billion By 2034, from USD 2.89 Billion in 2024, growing at a CAGR of 31.40% during the forecast period from 2025 to 2034. In 2024, North America held over 35% of the blockchain supply chain traceability market, generating around USD 1.01 billion in revenue. The U.S. market, valued at approximately USD 0.9 billion, is poised for rapid growth, projected to expand at a CAGR of 29.6%.

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The Blockchain for Supply Chain Traceability Market refers to the use of blockchain technology to track and record the journey of products through the supply chain, ensuring transparency, authenticity, and accountability. It’s about creating a digital ledger that’s tamper-proof, capturing every step from raw material sourcing to the final delivery to consumers. This market spans industries like food, pharmaceuticals, luxury goods, and retail, where trust and verification are critical. Think of it as a digital passport for products, showing where they’ve been and how they were handled, all stored securely so no one can fudge the details.