NEW YORK, June 8, 2023 /PRNewswire/ — The cold chain logistics market for pharmaceuticals industry is estimated to grow by USD 11.6 billion during 2022-2027. The growth momentum will be progressing at a CAGR of 9.51% during the forecast period. The market is segmented by service (Warehousing, VAS, and Transportation), product (Vaccines, Biopharmaceuticals, and Clinical trial materials), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The pharmaceutical cold chain logistics market share growth by the warehouse and VAS segment will be significant during the forecast period. Warehousing refers to the storage of finished and semi-finished goods in a storehouse or at a distribution center. The warehousing activity is capital-intensive and critical in the supply chain. As a result, it plays a vital role in cold chain logistics for the pharmaceutical industry. The growth of the global refrigerated market is expected to drive the use of refrigerated warehouses for storing medicines, vaccines, and biopharmaceutical products in tropical climates. This, in turn, will drive the growth of the global cold chain logistics market for the pharmaceuticals industry during the forecast period. Download a Sample Report Now!
Technavio has announced its latest market research report titled Global Cold Chain Logistics Market for Pharmaceuticals Industry 2023-2027
Information Services Market Insights –
Vendors: 15+, Including AGRO Merchants Group, Air Canada, Burris Logistics, Cold Chain Technologies LLC, Coldman Logistics Pvt.Ltd., Deutsche Post AG, DSV Panalpina AS, FedEx Corp., Helapet ltd., JWD InfoLogistics Public Co. Ltd., Kerry Logistics Network Ltd., Kuehne + Nagel Management AG, Lineage Logistics Holdings LLC, Nichirei Corp., PCI Pharma Services, SCG Logistics Management Co. Ltd., Singhania Logistics and Distribution Pvt. Ltd., Snowman Logistics Ltd., United Parcel Service Inc., VersaCold Logistics Services, and XPO Logistics Inc. among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Service (Warehousing and VAS, and Transportation), Product (Vaccines, Biopharmaceuticals, and Clinical trial materials), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
To understand more about the information services market, request a sample report
Global Cold chain logistics market for pharmaceuticals industry market – Vendor Insights
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including AGRO Merchants Group, Air Canada, Burris Logistics, Cold Chain Technologies LLC, Coldman Logistics Pvt.Ltd., Deutsche Post AG, DSV Panalpina AS, FedEx Corp., Helapet ltd., JWD InfoLogistics Public Co. Ltd., Kerry Logistics Network Ltd., Kuehne + Nagel Management AG, Lineage Logistics Holdings LLC, Nichirei Corp., PCI Pharma Services, SCG Logistics Management Co. Ltd., Singhania Logistics and Distribution Pvt. Ltd., Snowman Logistics Ltd., United Parcel Service Inc., VersaCold Logistics Services, and XPO Logistics Inc.
Global Cold Chain Logistics Market-Market Dynamics
Major Trends –
Growing consolidation in the global healthcare logistics market will fuel the global cold chain logistics market for pharmaceutical industry growth.
The global cold chain logistics market for the pharmaceutical industry is highly fragmented, with the presence of many players.
High market fragmentation poses challenges for big players and restricts them from expanding into new geographic regions or countries. This leaves them with the choice of building a network from scratch in a new region, which is cumbersome.
To break the entry barrier into new geographies, established logistics vendors such as United Parcel Service, Deutsche Post AG, and FedEx Corp. are using market consolidation as a strategic tool for business expansion.
This market consolidation strategy helps key players in adopting local or regional technologies from regional players and expanding their market presence and attaining profitability in the competitive market.
The above factors will increase the cold chain logistics for pharmaceuticals market growth during the forecast period
KEY challenges –
The functional barriers in cold chain logistics that increase operational costs are the major challenge to the global cold chain logistics market for pharmaceutical industry growth.
The procurement of land for warehouses, which are a crucial part of cold chain logistics, is a strategic decision for LSPs.
The cold chain is a critical service, and establishing cold storage in proximity to the production facility is vital. Real estate costs in countries such as China, India, and the US are on the higher side, owing to the increase in interbank exchange rates.
Industrial spaces include factories or offices, warehouses, and light manufacturing buildings. The low vacancy rate in the US has increased industrial rents. The rise in industrial rents is affecting the profitability of cold chain logistics players.
An increase in land cost will further incur additional capital spending for cold chain service providers. This will put pressure on the profit margins of vendors.
Furthermore, warehouse rents are also expected to rise during the forecast period due to the growing supply-demand gap in terms of industrial spaces. Such factors will hinder the cold chain logistics for the pharmaceuticals market growth during the forecast period.
Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!
The cold chain logistics market for pharmaceuticals industry market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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What are the key data covered in this Cold Chain Logistics Market For Pharmaceuticals Industry Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the Cold Chain Logistics Market For Pharmaceuticals Industry between 2023 and 2027
Precise estimation of the size of the Cold Chain Logistics Market For Pharmaceuticals Industry size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the Cold Chain Logistics Market For Pharmaceuticals Industry across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of Cold Chain Logistics Market For Pharmaceuticals Industry Market vendors
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Related Reports:
The cold chain logistics market share in the UK is expected to increase by USD 9.17 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.22%. This cold chain logistics market in the UK report extensively covers the market segmentations by type (refrigerated warehouse and refrigerated transportation) and application (MFS, Dairy and frozen desserts, FVB, and Others). The use of RFID in cold chain logistics is one of the key drivers supporting the cold chain logistics market growth in the UK.
The food and beverage cold chain logistics market is estimated to decline at a CAGR of 10.47% between 2022 and 2027. The size of the market is forecast to increase by USD 85,158.51 million. This report extensively covers market segmentation by application (meat and seafood, dairy and frozen desserts, fruits vegetables and beverages, and bakery and confectionary), type (warehouse and transportation), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The rising consumption of frozen food is notably driving market growth.
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Cold Chain Logistics Market For Pharmaceuticals Industry Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.51% |
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Market growth 2023-2027 |
USD 11.6 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
9.23 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 34% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AGRO Merchants Group, Air Canada, Burris Logistics, Cold Chain Technologies LLC, Coldman Logistics Pvt.Ltd., Deutsche Post AG, DSV Panalpina AS, FedEx Corp., Helapet ltd., JWD InfoLogistics Public Co. Ltd., Kerry Logistics Network Ltd., Kuehne Nagel Management AG, Lineage Logistics Holdings LLC, Nichirei Corp., PCI Pharma Services, SCG Logistics Management Co. Ltd., Singhania Logistics and Distribution Pvt. Ltd., Snowman Logistics Ltd., United Parcel Service Inc., VersaCold Logistics Services, and XPO Logistics Inc. |
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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, Market condition analysis for 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. |
Table of Contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global cold chain logistics market for pharmaceuticals industry 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global cold chain logistics market for pharmaceuticals industry 2017 – 2021 ($ million)
4.2 Services Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Services Segment 2017 – 2021 ($ million)
4.3 Product Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Service
6.1 Market segments
Exhibit 30: Chart on Service – Market share 2022-2027 (%)
Exhibit 31: Data Table on Service – Market share 2022-2027 (%)
6.2 Comparison by Service
Exhibit 32: Chart on Comparison by Service
Exhibit 33: Data Table on Comparison by Service
6.3 Warehousing and VAS – Market size and forecast 2022-2027
Exhibit 34: Chart on Warehousing and VAS – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Warehousing and VAS – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Warehousing and VAS – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Warehousing and VAS – Year-over-year growth 2022-2027 (%)
6.4 Transportation – Market size and forecast 2022-2027
Exhibit 38: Chart on Transportation – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Transportation – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Transportation – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Transportation – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Service
Exhibit 42: Market opportunity by Service ($ million)
7 Market Segmentation by Product
7.1 Market segments
Exhibit 43: Chart on Product – Market share 2022-2027 (%)
Exhibit 44: Data Table on Product – Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 45: Chart on Comparison by Product
Exhibit 46: Data Table on Comparison by Product
7.3 Vaccines – Market size and forecast 2022-2027
Exhibit 47: Chart on Vaccines – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Vaccines – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Vaccines – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Vaccines – Year-over-year growth 2022-2027 (%)
7.4 Biopharmaceuticals – Market size and forecast 2022-2027
Exhibit 51: Chart on Biopharmaceuticals – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Biopharmaceuticals – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Biopharmaceuticals – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Biopharmaceuticals – Year-over-year growth 2022-2027 (%)
7.5 Clinical trial materials – Market size and forecast 2022-2027
Exhibit 55: Chart on Clinical trial materials – Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Clinical trial materials – Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Clinical trial materials – Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Clinical trial materials – Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Product
Exhibit 59: Market opportunity by Product ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 65: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 North America – Market size and forecast 2022-2027
Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.5 Europe – Market size and forecast 2022-2027
Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 China – Market size and forecast 2022-2027
Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)
9.10 Germany – Market size and forecast 2022-2027
Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.11 UK – Market size and forecast 2022-2027
Exhibit 97: Chart on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.12 Canada – Market size and forecast 2022-2027
Exhibit 101: Chart on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Canada – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 105: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 AGRO Merchants Group
Exhibit 112: AGRO Merchants Group – Overview
Exhibit 113: AGRO Merchants Group – Product / Service
Exhibit 114: AGRO Merchants Group – Key offerings
12.4 Air Canada
Exhibit 115: Air Canada – Overview
Exhibit 116: Air Canada – Product / Service
Exhibit 117: Air Canada – Key offerings
12.5 Burris Logistics
Exhibit 118: Burris Logistics – Overview
Exhibit 119: Burris Logistics – Product / Service
Exhibit 120: Burris Logistics – Key offerings
12.6 Cold Chain Technologies LLC
Exhibit 121: Cold Chain Technologies LLC – Overview
Exhibit 122: Cold Chain Technologies LLC – Product / Service
Exhibit 123: Cold Chain Technologies LLC – Key offerings
12.7 Deutsche Post AG
Exhibit 124: Deutsche Post AG – Overview
Exhibit 125: Deutsche Post AG – Product / Service
Exhibit 126: Deutsche Post AG – Key news
Exhibit 127: Deutsche Post AG – Key offerings
12.8 DSV Panalpina AS
Exhibit 128: DSV Panalpina AS – Overview
Exhibit 129: DSV Panalpina AS – Business segments
Exhibit 130: DSV Panalpina AS – Key offerings
Exhibit 131: DSV Panalpina AS – Segment focus
12.9 FedEx Corp.
Exhibit 132: FedEx Corp. – Overview
Exhibit 133: FedEx Corp. – Business segments
Exhibit 134: FedEx Corp. – Key offerings
Exhibit 135: FedEx Corp. – Segment focus
12.10 Helapet ltd.
Exhibit 136: Helapet ltd. – Overview
Exhibit 137: Helapet ltd. – Product / Service
Exhibit 138: Helapet ltd. – Key offerings
12.11 Kerry Logistics Network Ltd.
Exhibit 139: Kerry Logistics Network Ltd. – Overview
Exhibit 140: Kerry Logistics Network Ltd. – Business segments
Exhibit 141: Kerry Logistics Network Ltd. – Key news
Exhibit 142: Kerry Logistics Network Ltd. – Key offerings
Exhibit 143: Kerry Logistics Network Ltd. – Segment focus
12.12 Kuehne Nagel Management AG
Exhibit 144: Kuehne Nagel Management AG – Overview
Exhibit 145: Kuehne Nagel Management AG – Business segments
Exhibit 146: Kuehne Nagel Management AG – Key offerings
Exhibit 147: Kuehne Nagel Management AG – Segment focus
12.13 Lineage Logistics Holdings LLC
Exhibit 148: Lineage Logistics Holdings LLC – Overview
Exhibit 149: Lineage Logistics Holdings LLC – Product / Service
Exhibit 150: Lineage Logistics Holdings LLC – Key news
Exhibit 151: Lineage Logistics Holdings LLC – Key offerings
12.14 Nichirei Corp.
Exhibit 152: Nichirei Corp. – Overview
Exhibit 153: Nichirei Corp. – Business segments
Exhibit 154: Nichirei Corp. – Key offerings
Exhibit 155: Nichirei Corp. – Segment focus
12.15 United Parcel Service Inc.
Exhibit 156: United Parcel Service Inc. – Overview
Exhibit 157: United Parcel Service Inc. – Business segments
Exhibit 158: United Parcel Service Inc. – Key offerings
Exhibit 159: United Parcel Service Inc. – Segment focus
12.16 VersaCold Logistics Services
Exhibit 160: VersaCold Logistics Services – Overview
Exhibit 161: VersaCold Logistics Services – Product / Service
Exhibit 162: VersaCold Logistics Services – Key offerings
12.17 XPO Logistics Inc.
Exhibit 163: XPO Logistics Inc. – Overview
Exhibit 164: XPO Logistics Inc. – Business segments
Exhibit 165: XPO Logistics Inc. – Key offerings
Exhibit 166: XPO Logistics Inc. – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 167: Inclusions checklist
Exhibit 168: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 169: Currency conversion rates for US$
13.4 Research methodology
Exhibit 170: Research methodology
Exhibit 171: Validation techniques employed for market sizing
Exhibit 172: Information sources
13.5 List of abbreviations
Exhibit 173: List of abbreviations
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