North America Market Analysis
By the end of 2037, North America blockchain for cold chain logistics market is set to hold over 35% revenue share, driven by regulatory imperatives and growth in e-commerce. Blockchain ensures data accuracy and complies with regulatory requirements, thus encouraging North American firms to incorporate the technology along the supply chain for further transparency in a more operationally effective manner. Blockchain has become critical in tracking every activity in real time and sharing data securely to meet specific complex logistics needs, particularly for industries associated with perishable and sensitive goods in the region.
The U.S. is leading North America in the adoption of blockchain for cold chain logistics market, where companies such as IBM and Microsoft are at the forefront of integrating blockchain to meet all standards related to compliance and traceability. For example, IBM's Supply Chain Control Tower, launched in November 2022, allows real-time tracking and added security for transporting high-sensitivity goods, such as pharmaceuticals. The software enables enterprise tracking of environmental conditions throughout the journey to ensure quality and adherence to regulated standards. As blockchain continues to see increased adoption, it is expected that the U.S. will continue to set global benchmarks for transparency and efficiency in cold chains.
Canada is also developing blockchain for cold chain logistics, focusing on sustainable logistics in vital industries such as food and pharmaceuticals. Technology firms that implement tracking solutions based on blockchain technology are being sought after by Canada logistics companies to partner with, further enhancing transparency in the supply chain. This trend is coupled with the country's regulatory focus on quality and traceability, especially in food safety and healthcare products. In this way, blockchain adoption by companies in Canada improves operational insight, making a sustainable and accountable supply chain model that cares about product integrity and safety.
Asia Pacific Market Analysis
Asia Pacific blockchain for cold chain logistics market is anticipated to grow at CAGR of over 16.5% between 2025 and 2037, driven by growing e-commerce and digital transformation of supply chains. With modernized logistics networks being developed, demand for safe and traceable logistics solutions in China, Japan, and India is remarkably high. This is further likely to increase with rising regulatory standards and growth of cross-border trade. Blockchain technology has the potential to enhance supply chain integrity and efficiency amid some of the region's unique complexities.
China is witnessing increased blockchain adoption in cold chain logistics, largely influenced by strict regulatory requirements for food safety and transparency. In September 2021, JD Catering and Mei-Xin collaborated to implement blockchain-based solutions, focusing on securing food logistics from source to destination. This partnership highlights blockchain’s transformative role in standardizing logistics processes, reducing fraud, and improving transparency across the food industry, a critical move in meeting robust supply chain needs of the country.
In India, blockchain for cold chain logistics market is gaining momentum to reduce food loss and enhance the traceability of pharmaceutical drugs. Initiatives at the government level involve the National Logistics Policy, aiming to integrate technology into logistics for better tracking and efficiency. Partnerships are forming in agri-supply chains to secure perishable goods using blockchain. Blockchain can help cut down on waste and preserve product quality during transit as it is increasingly seen as a solution to strengthen country's cold chain infrastructure in support of both food safety and pharmaceutical efficacy.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?