Product Code: GVR-2-68038-773-5
Biopharmaceutical Third-party Logistics Market Growth & Trends:
The global biopharmaceutical third-party logistics market size is expected to reach USD 198.5 billion by 2030, growing at a CAGR of 5.9% over the forecast period, according to a new report by Grand View Research, Inc. The rising demand for temperature-controlled logistic services to transport biologics in various regions and growing distribution networks of biopharmaceutical companies to improve their sales are factors driving the biopharmaceutical third-party logistics (3PL) market growth. The rising adoption of automated storage and retrieval systems in emerging countries is an ongoing trend in the pharmaceutical logistics companies that have gained significant traction. The key market players played a vital role in the fight against COVID-19 by minimizing supply disruptions and prioritizing critical care drugs.
A sudden surge in the demand for cold chain logistics was observed during the pandemic because of the manufacturing and distribution of COVID-19 vaccines. The future also seems good for the global market with the rising demand for domestic logistics coupled with favorable government initiatives and policies. Furthermore, the trend of shifting from small molecule drugs to biopharmaceuticals, mainly vaccines, and biologics, is projected to drive the market. Since these small molecule drugs are temperature-sensitive products, demand for temperature-controlled transportation and storage increases and thus is responsible for the market growth.
Moreover, environmental concerns and costs have caused a slight shift in the means of transport used for commercial products, moving from airway to seaway shipping and in roadways from truck to intermodal (both rail and truck). Intermodal transport is majorly used by these pharmaceutical companies to reduce their carbon footprint. The ongoing trend shows that pharmaceutical manufacturers have shifted towards sea freight to reduce the cost and risk factors. Although for cold chain products, the companies still prefer air freight. However, some of the large pharmaceutical companies are planning to transport 70% of their products via ocean freight including cold chain products.
Biopharmaceutical Third-party Logistics Market Report Highlights:
- In 2021, the non-cold chain segment held the largest revenue share owing to the sales of a large number of drugs that do not require any temperature control
- The cold chain logistics segment is expected to register the fastest CAGR over the forecast period owing to the demand for biologics, such as cellular therapies, vaccines, and test kits
- The warehousing and storage service types segment accounted for the largest market share in 2021
- Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period
- This is mainly attributed to the rising demand for medicines from the aging population and the shift of drug sales from brand manufacturers to generic
Table of Contents
Chapter 1. Research Methodology
- 1.1 Information Procurement
- 1.1.1 Purchased Database:
- 1.1.2 GVR's Internal Database
- 1.2 Primary Research:
- 1.2.1 List Of Primary Sources Included
Chapter 2. Executive Summary
- 2.1 Market Snapshot, 2021 (USD Billion)
Chapter 3 Biopharmaceutical Third Party Logistics Market Variables, Trends & Scope
- 3.1 Market Segmentation & Scope
- 3.2 Market Driver Analysis
- 3.3 Market Restraint Analysis
- 3.4 Penetration & Growth Prospect Mapping
- 3.5 Biopharmaceutical Third Party Logistics Market - SWOT Analysis, By Factor (Political & Legal, Economic And Technological)
- 3.6 Industry Analysis - Porter's Five Forces
Chapter 4. Biopharmaceutical Third Party Logistics Market: Supply Chain Estimates & Trend Analysis
- 4.1 Biopharmaceutical Third Party Logistics Market: Supply Chain Movement Analysis 2021 & 2030 (USD Billion)
- 4.2 Cold Chain
- 4.2.1 Cold Chain Market Revenue Estimates And Forecasts 2018 - 2030 (USD Billion)
- 4.3 Non-Cold Chain
- 4.3.1 Non-Cold Chain Market Revenue Estimates And Forecasts 2018 - 2030 (USD Billion)
Chapter 5. Biopharmaceutical Third Party Logistics Market: Services Type Estimates & Trend Analysis
- 5.1 Biopharmaceutical Third Party Logistics Market: Services Type Movement Analysis 2021 & 2030 (USD Billion)
- 5.2 Transportation
- 5.2.1 Transportation Market Revenue Estimates And Forecasts 2018 - 2030 (USD Billion)
- 5.2.2 Air Freight
- 5.2.2.1 Air Freight Market Revenue Estimates And Forecasts 2018 - 2030 (USD Billion)
- 5.2.3 Sea Freight
- 5.2.3.1 Sea Freight Market Revenue Estimates And Forecasts 2018 - 2030 (USD Billion)
- 5.2.4.Overland Transportation
- 5.2.4.1 Overland Transportation Market Revenue Estimates And Forecasts 2018 - 2030 (USD Billion)
- 5.3 Warehousing & Storage
- 5.3.1 Warehousing And Storage Market Revenue Estimates And Forecasts 2018 - 2030 (USD Billion)
- 5.4 Other Services
- 5.4.1 Other Services Market Revenue Estimates And Forecasts 2018 - 2030 (USD Billion)
Chapter 6. Biopharmaceutical Third Party Logistics Market: Regional Estimates & Trend Analysis
- 6.1 Biopharmaceutical Third Party Logistics Market Share, By Region, 2021 & 2030 (USD Billion)
- 6.2 North America
- 6.2.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.2.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.2.3 U.S.
- 6.2.3.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.2.3.2 Market Revenue Estimates And Forecasts, By Services Type 2018-2030 (USD Billion)
- 6.2.4 Canada
- 6.2.4.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.2.4.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.3 Europe
- 6.3.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.3.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.3.3 U.K.
- 6.3.3.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.3.3.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.3.4 Germany
- 6.3.4.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.3.4.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.3.5 France
- 6.3.5.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.3.5.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.3.6 Italy
- 6.3.6.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.3.6.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.3.7 Spain
- 6.3.7.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.3.7.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.4 Asia Pacific
- 6.4.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.4.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.4.3 China
- 6.4.3.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.4.3.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.4.4 Japan
- 6.4.4.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.4.4.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.4.5 India
- 6.4.5.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.4.5.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.4.6 Australia
- 6.4.6.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.4.6.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.4.7 New Zealand
- 6.4.7.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.4.7.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.5 Latin America
- 6.5.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.5.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.5.3 Brazil
- 6.5.3.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.5.3.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.5.4 Mexico
- 6.5.4.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.5.4.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.5.5 Argentina
- 6.5.5.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.5.5.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.6 MEA
- 6.6.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.6.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.6.3 South Africa
- 6.6.3.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.6.3.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.6.4 Saudi Arabia
- 6.6.4.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.6.4.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
- 6.6.5 UAE
- 6.6.5.1 Market Revenue Estimates And Forecasts, By Supply Chain 2018 - 2030 (USD Billion)
- 6.6.5.2 Market Revenue Estimates And Forecasts, By Services Type 2018 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
- 7.1 Strategy Framework
- 7.2 Company Profiles
- 7.2.1 FedEx.
- 7.2.1.1 Company Overview
- 7.2.1.2 Financial Performance
- 7.2.1.3 Services Benchmarking
- 7.2.1.4 Strategic Initiatives
- 7.2.2 DHL International Gmbh
- 7.2.2.1 Company Overview
- 7.2.2.2 Financial Performance
- 7.2.2.3 Services Benchmarking
- 7.2.2.4 Strategic Initiatives
- 7.2.3 SF Express
- 7.2.3.1 Company Overview
- 7.2.3.2 Financial Performance
- 7.2.3.3 Services Benchmarking
- 7.2.3.4 Strategic Initiatives
- 7.2.4 United Parcel Service Of America, Inc.
- 7.2.4.1 Company Overview
- 7.2.4.2 Financial Performance
- 7.2.4.3 Services Benchmarking
- 7.2.4.4 Strategic Initiatives
- 7.2.5 Amerisourcebergen Corporation
- 7.2.5.1 Company Overview
- 7.2.5.2 Financial Performance
- 7.2.5.3 Services Benchmarking
- 7.2.5.4 Strategic Initiatives
- 7.2.6 DB Schenker
- 7.2.6.1 Company Overview
- 7.2.6.2 Financial Performance
- 7.2.6.3 Services Benchmarking
- 7.2.6.4 Strategic Initiatives
- 7.2.7 KUEHNE + NAGEL
- 7.2.7.1 Company Overview
- 7.2.7.2 Financial Performance
- 7.2.7.3 Services Benchmarking
- 7.2.7.4 Strategic Initiatives
- 7.2.8 Kerry Logistics Network Limited
- 7.2.8.1 Company Overview
- 7.2.8.2 Financial Performance
- 7.2.8.3 Services Benchmarking
- 7.2.8.4 Strategic Initiatives
- 7.2.9 Agility
- 7.2.9.1 Company Overview
- 7.2.9.2 Financial Performance
- 7.2.9.3 Services Benchmarking
- 7.2.9.4 Strategic Initiatives