Cold Chain Logistics Market for Pharmaceuticals Industry by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR40854
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The cold chain logistics market for pharmaceuticals industry share is expected to increase by USD 9.37 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9.03%.

This cold chain logistics market for pharmaceuticals industry research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by service (warehousing and VAS and transportation) and geography (APAC, North America, Europe, South America, and MEA). The cold chain logistics market for pharmaceuticals industry report also offers information on several market vendors, including 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., and VersaCold Logistics Services among others.

What will the Cold Chain Logistics Market For Pharmaceuticals Industry Size be During the Forecast Period?

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Cold Chain Logistics Market For Pharmaceuticals Industry: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth in demand for reefer containers from the pharmaceutical industry is notably driving the cold chain logistics market for pharmaceuticals industry growth, although factors such as functional barriers in cold chain logistics increase operational costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cold chain logistics industry for the pharmaceuticals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cold Chain Logistics Market For Pharmaceuticals Industry Driver

One of the key factors driving growth in the cold chain logistics market for pharmaceuticals industry is the increase in global demand for pharmaceuticals. The global life expectancy recorded a substantial increment during the past couple of years. With the increase in average life expectancy, global pharmaceutical sale is expected to rise during the forecast period. The growth in pharmaceutical sales has globally increased the volume of pharmaceuticals trade. The US pharmaceutical export segment witnessed significant growth in the past couple of years. To cater to the rising demand of the pharmaceutical trade, end-user industries are availing cold chain logistics

Key Cold Chain Logistics Market For Pharmaceuticals Industry Trend

The growing consolidation in the global healthcare logistics market is another major factor supporting the cold chain logistics market for pharmaceuticals industry. The global market is highly fragmented with the presence of many players. High market fragmentation poses challenges for big players and restricts them from expanding into a new geography or country. This leaves them with a choice to build a network from scratch in a new region, which is cumbersome. Therefore, for breaking the entry barrier into new geographies, established logistics vendors such as United Parcel Service, Deutsche Post AG, and FedEx are using market consolidation as a strategic tool for business expansion. The market consolidation helps key players in adopting local or regional technologies from regional players and expanding their market presence and attaining profitability in the competitive market.

Key Cold Chain Logistics Market For Pharmaceuticals Industry Challenge

The functional barriers in cold chain logistics which increase operational costs is a major challenge for the cold chain logistics market for pharmaceuticals industry. The procurement of land for warehouses, part of the 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. The rise in industrial rents is affecting the profitability of cold chain logistics players. An increase in land cost will further incur additional capital on cold chain service providers. This will put pressure on the profit margins of vendors. Furthermore, the warehouse rents are also expected to rise owing to the growing supply-demand gap of industrial spaces.

This cold chain logistics market for pharmaceuticals industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Dynamics

The global cold chain logistics market for pharmaceuticals industry is a part of the global air freight and logistics market. The global air freight and logistics market was valued at $175.96 billion in 2020.
The parent global air freight and logistics market covers revenue generated by companies providing air freight transportation; courier; and logistics services, including package and mail delivery and customs agents.

Who are the Major Cold Chain Logistics Market For Pharmaceuticals Industry Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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

 

This statistical study of the cold chain logistics market for pharmaceuticals industry encompasses successful business strategies deployed by the key vendors. The cold chain logistics market for pharmaceuticals industry is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Agility Public Warehousing Company KSCP - In April 2021, the company opened a new logistics park in Maputo
  • JWD InfoLogistics Public Co. Ltd. - In March 2021, the company partnered with Twin Pine Group to develop an environmental and social management system
  • Orient Overseas International Ltd. - In May 2021, the company launched PODIUM Precision, the next-generation end-to-end supply chain technology.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.

Cold Chain Logistics Market for Pharmaceuticals Industry Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cold chain logistics market for pharmaceuticals industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain includes the following core components:

  • Shippers
  • Freight forwarder
  • Airfreight carrier
  • Consignee
  • Industry innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Cold Chain Logistics Market For Pharmaceuticals Industry?

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42% of the market’s growth will originate from APAC during the forecast period. China is the key market for cold chain logistics market for pharmaceuticals industry in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The development of the healthcare market in Asia will facilitate the cold chain logistics market for pharmaceuticals industry growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The increased demand for medicines and PPE due to COVID-19 is a key factor for the growth of the regional cold chain logistics market for pharmaceuticals, but it is not just the current crisis that is driving growth. There is a rising demand for all kinds of drugs that help combat an increasing number of chronic and lifestyle-related diseases.   The Asian Development Bank (ADB) invested $9 billion in mid-December 2020 in a facility to help countries obtain and distribute COVID-19 vaccinations. 

What are the Revenue-generating Service Segments in the Cold Chain Logistics Market For Pharmaceuticals Industry?

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The cold chain logistics market for pharmaceuticals industry share growth by the warehousing and VAS segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cold chain logistics market for pharmaceuticals industry size and actionable market insights on post COVID-19 impact on each segment.

 

Cold Chain Logistics Market For Pharmaceuticals Industry Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.03%

Market growth 2021-2025

$ 9.37 billion

Market structure

Fragmented

YoY growth (%)

8.80

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 42%

Key consumer countries

US, China, Germany, UK, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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., and VersaCold Logistics Services

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 the forecast period

Customization purview

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What are the Key Data Covered in this Cold Chain Logistics Market For Pharmaceuticals Industry Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cold chain logistics market for pharmaceuticals industry growth during the next five years
  • Precise estimation of the cold chain logistics market for pharmaceuticals industry size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cold chain logistics market for pharmaceuticals industry industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cold chain logistics market for pharmaceuticals industry vendors

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1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                2.2 Market Characteristics      

                                Exhibit 02:  Market Characteristics

                2.3 Value chain analysis           

                                Exhibit 03:  Air Freight and Logistics Market

                                2.3.1 Shippers

                                2.3.2 Freight forwarder

                                2.3.3 Air freight carrier

                                2.3.4 Handling agents

                                2.3.5 Consignee

                                2.3.6 Industry innovation

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 04:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 05:  Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ million)

                                Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 08: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Market condition - Five forces 2020

5. Market Segmentation by Service                

                The segments covered in this chapter are: 

  • Warehousing and VAS
  • Transportation

                5.1 Market segments

                                Exhibit 15: Service - Market share 2020-2025 (%)

                5.2 Comparison by Service     

                                Exhibit 16: ​Comparison by Service​

                5.3 ​Warehousing and VAS - Market size and forecast 2020-2025           

                                Exhibit 17: ​Warehousing and VAS - Market size and forecast 2020-2025 ($ million)​

                                Exhibit 18:  Key requirement to set up a refrigerated storage

                                Exhibit 19: ​Warehousing and VAS - Year-over-year growth 2020-2025 (%)

                5.4 Transportation - Market size and forecast 2020-2025           

                                Exhibit 20: ​Transportation - Market size and forecast 2020-2025 ($ million)​

                                Exhibit 21: ​Transportation - Year-over-year growth 2020-2025 (%)

                5.5 Market opportunity by Service      

                                Exhibit 22: ​Market opportunity by Service

6. Customer landscape                         

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 23: ​Customer landscape​

7. Geographic Landscape                     

                ​​The regions covered in the report are: 

  • APAC
  • North America
  • Europe
  • South America
  • MEA

                7.1 Geographic segmentation

                                Exhibit 24: ​Market share by geography 2020-2025 (%)

                7.2 Geographic comparison   

                                Exhibit 25: Geographic comparison

                7.3 APAC - Market size and forecast 2020-2025​             

                                Exhibit 26: ​APAC - Market size and forecast 2020-2025 ($ million)​

                                Exhibit 27: ​APAC - Year-over-year growth 2020-2025 (%)

                7.4 North America - Market size and forecast 2020-2025           

                                Exhibit 28: ​North America - Market size and forecast 2020-2025 ($ million)

                                Exhibit 29: ​North America - Year-over-year growth 2020-2025 (%)

                7.5 ​Europe - Market size and forecast 2020-2025         

                                Exhibit 30: ​Europe - Market size and forecast 2020-2025 ($ million)​

                                Exhibit 31: Europe - Year-over-year growth 2020-2025 (%)

                7.6 South America - Market size and forecast 2020-2025           

                                Exhibit 32: ​South America - Market size and forecast 2020-2025 ($ million)​

                                Exhibit 33: South America - Year-over-year growth 2020-2025 (%)

                7.7 MEA - Market size and forecast 2020-2025              

                                Exhibit 34: MEA - Market size and forecast 2020-2025 ($ million)

                                Exhibit 35: MEA - Year-over-year growth 2020-2025 (%)

                7.8 Key leading countries        

                                Exhibit 36: Key leading countries

                7.9 Market opportunity by geography

                                Exhibit 37: Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 ​Market drivers     

                                8.1.1 Increase in global demand for pharmaceuticals

                                8.1.2 Growth in demand for reefer containers from pharmaceutical industry

                                8.1.3 Rising initiatives to promote cold chain

                                8.1.4 Innovations in biopharmaceutical sector

                                8.1.5 Increase in the number of refrigerated warehouses

                8.2 Market challenges              

                                8.2.1 Functional barriers in cold chain logistics increase operational costs

                                8.2.2 Shortage of drivers resulting in higher lead time

                                8.2.3 Lack of logistics infrastructure and low adoption of technologies

                                Exhibit 38: Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1 Growing consolidation in global healthcare logistics market

                                8.3.2 Rising popularity of blockchain technology in logistics industry

                                8.3.3 Increased use of IoT and technological solutions in warehouses

9. Vendor Landscape                             

                9.1 Competitive scenario        

                9.2 Vendor landscape               

                                Exhibit 39: Vendor landscape

                9.3 Landscape disruption        

The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                                Exhibit 40: ​Landscape disruption​

                9.4 Industry risks        

                                Exhibit 41: Industry risks

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 42: Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 43: ​Market positioning of vendors​

                10.3 Agility Public Warehousing Company KSCP            

                                Exhibit 44:  Agility Public Warehousing Company KSCP - Overview

                                Exhibit 45:  Agility Public Warehousing Company KSCP - Business segments

                                Exhibit 46:  Agility Public Warehousing Company KSCP - Key news

                                Exhibit 47:  Agility Public Warehousing Company KSCP - Key offerings

                                Exhibit 48:  Agility Public Warehousing Company KSCP - Segment focus

                10.4 Deutsche Post DHL Group             

                                Exhibit 49:  Deutsche Post DHL Group - Overview

                                Exhibit 50:  Deutsche Post DHL Group - Business segments

                                Exhibit 51:  Deutsche Post DHL Group - Key news

                                Exhibit 52:  Deutsche Post DHL Group - Key offerings

                                Exhibit 53:  Deutsche Post DHL Group - Segment focus

                10.5 FedEx Corp.        

                                Exhibit 54:  FedEx Corp. - Overview

                                Exhibit 55:  FedEx Corp. - Business segments

                                Exhibit 56:  FedEx Corp. - Key offerings

                                Exhibit 57:  FedEx Corp. - Segment focus

                10.6 JWD InfoLogistics Public Co. Ltd.

                                Exhibit 58:  JWD InfoLogistics Public Co. Ltd. - Overview

                                Exhibit 59:  JWD InfoLogistics Public Co. Ltd. - Business segments

                                Exhibit 60:  JWD InfoLogistics Public Co. Ltd - Key news

                                Exhibit 61:  JWD InfoLogistics Public Co. Ltd. - Key offerings

                                Exhibit 62:  JWD InfoLogistics Public Co. Ltd. - Segment focus

                10.7 Kerry Logistics Network Ltd.        

                                Exhibit 63:  Kerry Logistics Network Ltd. - Overview

                                Exhibit 64:  Kerry Logistics Network Ltd. - Business segments

                                Exhibit 65:  Kerry Logistics Network Ltd. - Key offerings

                                Exhibit 66:  Kerry Logistics Network Ltd. - Segment focus

                10.8 Kuehne + Nagel International AG

                                Exhibit 67:  Kuehne + Nagel International AG - Overview

                                Exhibit 68:  Kuehne + Nagel International AG - Business segments

                                exhibit 69:  Kuehne + Nagel International AG - Key news

                                Exhibit 70:  Kuehne + Nagel International AG - Key offerings

                                Exhibit 71:  Kuehne + Nagel International AG - Segment focus

                10.9 Orient Overseas International Ltd.            

                                Exhibit 72:  Orient Overseas International Ltd. - Overview

                                Exhibit 73:  Orient Overseas International Ltd. - Business segments

                                Exhibit 74:  Orient Overseas International Ltd. - Key news

                                Exhibit 75:  Orient Overseas International Ltd. - Key offerings

                                Exhibit 76:  Orient Overseas International Ltd. - Segment focus

                10.10 SCG Logistics Management Co. Ltd.        

                                Exhibit 77:  SCG Logistics Management Co. Ltd. - Overview

                                Exhibit 78:  SCG Logistics Management Co. Ltd. - Product and service

                                Exhibit 79:  SCG Logistics Management Co. Ltd. - Key offerings

                10.11 United Parcel Service Inc.           

                                Exhibit 80:  United Parcel Service Inc. - Overview

                                Exhibit 81:  United Parcel Service Inc. - Business segments

                                Exhibit 82:  United Parcel Service Inc. - Key news

                                Exhibit 83:  United Parcel Service Inc. - Key offerings

                                Exhibit 84:  United Parcel Service Inc. - Segment focus

                10.12 VersaCold Logistics Services      

                                Exhibit 85:  VersaCold Logistics Services - Overview

                                Exhibit 86:  VersaCold Logistics Services - Product and service

                                Exhibit 87:  VersaCold Logistics Services - Key offerings

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 ​​​​Market definition

                                11.1.2 ​​​​Objectives

                                11.1.3 ​​​​Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 88: ​Currency conversion rates for US$​

                11.3 Research Methodology 

                                Exhibit 89: ​Research Methodology

                                Exhibit 90: ​​Validation techniques employed for market sizing​

                                Exhibit 91: ​​Information sources

                11.4 List of abbreviations        

                                Exhibit 92: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The cold chain logistics market for pharmaceuticals industry market growth will increase by $9.48 billion during 2019-2024.
The cold chain logistics market for pharmaceuticals industry market is expected to grow at a CAGR of 10.20% during 2019-2024.
Technavio has segmented the cold chain logistics market for pharmaceuticals industry market by service (Warehousing and VAS and Transportation) ,distribution channel (Offline distribution channel and Online distribution channel) , and geographic (APAC, North America, Europe, South America, and MEA).
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., VersaCold Logistics Services are a few of the key vendors in the cold chain logistics market for pharmaceuticals industry market.
APAC will register the highest growth rate of 44.26% among the other regions. Therefore, the cold chain logistics market for pharmaceuticals industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the cold chain logistics market for pharmaceuticals industry market growth are:
  • Increase in global demand for pharmaceuticals
  • Growing consolidation in global healthcare logistics market
The cold chain logistics market for pharmaceuticals industry market vendors should focus on grabbing business opportunities from the warehousing and vas segment as it accounted for the largest market share in the base year.
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