Blockchain in Manufacturing Market Growth, Trends, Industry Share, Key Players and Forecast 2025-2033
- Rahul Pal
- Dec 22, 2025
- 3 min read
Market Overview
The global blockchain in manufacturing market was valued at USD 3,027.9 Million in 2024. It is projected to reach USD 95,576.9 Million by 2033, growing at a CAGR of 46.8% during 2025-2033. The market's growth is driven by rising demand for traceability, transparency, and secure data sharing in supply chains. Blockchain technology enhances operational efficiency and fraud prevention across manufacturing sectors.
Study Assumption Years
Base Year: 2024
Historical Years: 2019-2024
Forecast Period: 2025-2033
Blockchain in Manufacturing Market Key Takeaways
The global blockchain in manufacturing market size was USD 3,027.9 Million in 2024.
The forecast period runs from 2025 to 2033, with a CAGR of 46.8%.
North America dominated the market in 2024, holding over 37.0% market share.
Blockchain enables enhanced traceability and transparency, improving product lifecycle tracking and quality control.
Counterfeit prevention and real-time product authentication using blockchain protect brand integrity and customer safety.
Blockchain streamlines supply chains by reducing procurement costs by up to 20% and improving demand forecasting.
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Market Growth Factors
The expanding need for traceability and transparency in supply chains is a major growth factor for the blockchain in manufacturing market. Blockchain's decentralized ledger facilitates real-time product tracking from origin to end-user, minimizing fraud and operational inefficiencies. This technology is particularly important in sectors like food production and pharmaceuticals, where quality assurance and regulatory compliance are critical.
The rise of Internet of Things (IoT) and Industry 4.0 further propels blockchain incorporation in smart manufacturing. It enables secure stakeholder collaboration and improves data security. This integration supports better operational outcomes and boosts market share growth.
Blockchain also addresses the increasing demand for supply chain transparency among stakeholders concerned with sustainable and ethical sourcing. Its immutable ledger enhances trust through transparent operations, which in turn drives higher adoption across manufacturing industries.
Market Segmentation
By Provider:
Middleware Providers
Infrastructure and Protocols Providers: The largest provider segment in 2024 with around 60.0% market share, fundamental in establishing blockchain infrastructure and handling supply chain complexities.
Applications and Solution Providers
By Application:
Logistics and Supply Chain Management: Leading application segment in 2024, leveraging blockchain's tamper-proof records to improve traceability, inventory management, and demand forecasting.
Counterfeit Management
Quality Control and Compliance
Others
By End User:
Automotive
Aerospace and Defense
Pharmaceutical
Electronics and Semiconductor: Leading end user segment in 2024, utilizing blockchain to secure complex supply chains, enhance collaboration, and protect intellectual property.
Others
Regional Insights
North America dominated the blockchain in manufacturing market in 2024, capturing over 37.0% share. The region benefits from robust technological infrastructure and favorable regulatory frameworks supporting blockchain and cryptocurrency advancements. Heavy investment by technology giants and government initiatives further propels market growth. Canada reports around 10% of its citizens possessing cryptocurrency, highlighting regional blockchain adoption. The United States specifically holds 80.0% of the North American market share.
Recent Developments & News
December 2024: GCL Energy Technology and Ant Digital Technologies launched China's first blockchain-based Real World Asset project in the photovoltaic industry, securing 200 Million yuan in cross-border financing.
December 2024: The Worldwide Asset eXchange (WAX) partnered with Amazon Web Services to launch the WAX AWS Cloud Development Kit for custom Layer 2 blockchain solutions.
October 2024: Microsoft Azure expanded its Blockchain-as-a-Service offerings to simplify blockchain adoption.
September 2024: Google Cloud launched a Blockchain RPC service supporting Web3 developers.
September 2024: Shri S. Krishnan from India’s Ministry of Electronics and Information Technology launched Vishvasya-Blockchain Technology Stack offering Blockchain-as-a-Service.
Key Players
Accenture plc
Advanced Micro Devices Inc.
Amazon Web Services Inc. (Amazon.com Inc.)
Infosys Limited
Intel Corporation
International Business Machines Corporation
Microsoft Corporation
Oracle Corporation
SAP SE
Wipro Limited
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