NEW YORK, Aug. 29, 2022 /PRNewswire/ — The cold chain logistics market for pharmaceuticals industry has been segmented by service (warehousing and VAS and transportation) and geography (APAC, North America, Europe, South America, and MEA). APAC is expected to account for the majority of the market share growth during the forecast period. The growth of this region is driven by factors such as the development of the healthcare market in Asia. Moreover, market growth in this region will be faster than the growth of the market in other regions. China is the key country for the cold chain logistics market for pharmaceuticals industry in APAC.
Latest market research report titled Cold Chain Logistics Market for Pharmaceuticals Industry by Service and Geography – Forecast and Analysis 2021-2025 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years
The size of the cold chain logistics market for pharmaceuticals industry is expected to grow by USD 9.48 bn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 10.2% during the forecast period.
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Cold Chain Logistics Market for Pharmaceuticals Industry: Revenue-generating Service Segments
The warehousing and VAS segment will be the largest contributor to the growth of the market during the forecast period. The growth of the global refrigerated market is expected to increase the use of refrigerated warehouses for storing medicines, vaccines, and biopharmaceuticals products in tropical areas. This, in turn, will fuel the growth of the global cold chain logistics market for the pharmaceuticals industry during the forecast period.
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Cold Chain Logistics Market For Pharmaceuticals Industry: Key Driver and Trend
The increase in global demand for pharmaceuticals is driving the growth of the market. Life expectancy has increased across the world during the past couple of years. As a result, global pharmaceutical sales are expected to rise during the forecast period. Pharmaceutical exports from the US have grown significantly in the past couple of years. In 2020, the sales of generic drugs were nearly a quarter of the global market. The expiry of many patents on drugs as well as reforms in the healthcare sector are the main factors for the increase in the sales of generic drugs. Hence, end-user industries are availing cold chain logistics to cater to the rising demand for pharmaceutical trade.
The growing consolidation in the global healthcare logistics market is a major trend supporting the cold chain logistics market for pharmaceuticals industry. The market is highly fragmented, with the presence of several players. This poses a challenge for large players and restricts them from expanding to new regions. As a result, they have to build their network from scratch. Therefore, established logistics vendors such as United Parcel Service, Deutsche Post AG, and FedEx are using market consolidation for breaking the entry barrier into new geographies. This helps key players in adopting local or regional technologies from regional players and expanding their market presence.
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Cold Chain Logistics Market for Pharmaceuticals Industry Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.2% |
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Market growth 2020-2024 |
USD 9.48 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.17 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
US, China, Germany, UK, and Canada |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Agility Public Warehousing Co. K.S.C.P, Deutsche Post AG, FedEx Corp., JWD InfoLogistics Public Co. Ltd., Kerry Logistics Network Ltd., KUEHNE + NAGEL Management AG, OOCL Logistics Ltd., SCG Logistics Management Co. Ltd., United Parcel Service of America Inc., and VersaCold Logistics Services |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
Executive Summary
Market Landscape
Market ecosystem
Market characteristics
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Service
Market segments
Comparison by Service
Warehousing and VAS – Market size and forecast 2020-2025
Transportation – Market size and forecast 2020-2025
Market opportunity by Service
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC – Market size and forecast 2020-2025
North America – Market size and forecast 2020-2025
Europe – Market size and forecast 2020-2025
South America – Market size and forecast 2020-2025
MEA – Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Agility Public Warehousing Company KSCP
Deutsche Post DHL Group
FedEx Corp.
JWD InfoLogistics Public Co. Ltd.
Kerry Logistics Network Ltd.
Kuehne + Nagel International AG
Orient Overseas International Ltd.
SCG Logistics Management Co. Ltd.
United Parcel Service Inc.
VersaCold Logistics Services
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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