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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Cold Chain Logistics Market for Pharmaceuticals Industry - 2021-2025
The projected valuation of the cold chain logistics market for the pharmaceuticals industry by 2025 is USD 9.37 billion. The growth momentum of the market is expected to accelerate at a CAGR of 9.03%, during 2021-2025. This research report elucidates the market drivers and trends that has been catalyzing the progress of existing market players. One of the key factors driving the cold chain logistics market growth for pharmaceuticals industry is the growing demand for reefer containers from the pharmaceutical industry. View our sample report for insights on the latest drivers, trends, and challenges that will have a far-reaching effect on the market growth in the coming years.
To Unlock the Cold Chain Logistics Market Size for Pharmaceuticals Industry for 2021 and Other Important Statistics Wait no Longer!
Cold Chain Logistics Market Segments for Pharmaceuticals Industry
Get actionable insights on the cold chain logistics market segments for pharmaceuticals industry to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by service (warehousing and VAS and transportation) and geography (APAC, North America, Europe, South America, and MEA) in this cold chain logistics market report for pharmaceuticals industry to pursue growth opportunities.
Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic cold chain logistics market predictions for pharmaceuticals industry on-demand changes for 2021-2025? You can buy the report now with one easy click.
Cold Chain Logistics Market Vendors for Pharmaceuticals Industry and Competitive Analysis
The cold chain logistics market for pharmaceuticals industry is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions (M&A) to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.
The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.
Buy the full cold chain logistics market forecast report for pharmaceuticals industry for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.
Cold Chain Logistics Market for Pharmaceuticals Industry - Region Opportunities 2021-2025
APAC will contribute 42% of the overall cold chain logistics market growth for the pharmaceuticals industry during the forecast period. China is a key market for cold chain logistics for pharmaceuticals industry in APAC. To unlock exclusive information on potential business markets, economic trends and risks in geographies, and emerging prospective customers buy the report now!
APAC has been exhibiting a significant growth rate for cold chain logistics market vendors for pharmaceuticals industry. Factors such as the promotion of pharmaceutical industries and increased foreign direct investments in the healthcare sector are accelerating the cold chain logistics market growth for pharmaceuticals industry in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.
The cold chain logistics market share growth for pharmaceuticals industry in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Cold Chain Logistics Market Insights for Pharmaceuticals Industry by Service
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According to our market segmentation data analysis, the warehousing and VAS segment is expected to be a significant contributor to the growth of the cold chain logistics market share for pharmaceuticals industry during the forecast period. The pharmaceuticals industry requires refrigerated warehousing services for temperature-sensitive pharmaceutical products such as chemical drugs, insulin, vaccines, and biopharma reagents. The growing pharmaceutical industry will drive the demand for refrigerated warehousing of pharmaceutical products. The vendors are also offering value-added services (VAS) such as loading and unloading, inventory management tools, and other supply chain-related services to their clients. This report provides an accurate prediction of the revenue share of all the segments to the growth of the cold chain logistics market size for pharmaceuticals industry.
From the cold chain logistics market segmentation insights for pharmaceuticals industry, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.
Cold Chain Logistics Market Drivers & Trends for Pharmaceuticals Industry
Even if the success rate of a business is higher, every factor, including challenges, influencing any market growth needs to be considered to mitigate potential risks at an earlier development stage. One of the key factors impeding the cold chain logistics market growth for the pharmaceuticals industry is functional barriers in cold chain logistics leading to increasing operational costs. Purchase our express report to get exhaustive insights on the key industry trends, drivers, and challenges, which will help companies evaluate and build growth strategies.
The rising use of reefer containers in the pharmaceutical industry will drive the growth of the cold chain logistics market for the pharmaceutical industry during the forecast period. Reefers or refrigerated containers have a constant supply of uniform air within. The air is uniformly distributed within the containers through a specific T-shaped decking. Reefer containers are widely used to carry food and beverages and pharmaceutical products. The rising need to transport temperature-sensitive pharmaceuticals is driving the need for reefer containers.
The increased use of technology and the IoT is extending various benefits such as a reduction in operating costs to warehousing service providers. Vendors are offering tools and techniques for automating several warehouse business process areas, which is one of the key cold chain logistics market trends. The IoT solution involves the use of sensors and robotic systems in warehouse facilities. Analytics tools are used to process data in the most productive, efficient, convenient, and safe ways. About 55% of the cost incurred in the cold chain warehousing is due to refrigeration. Therefore, the use of battery-driven or fuel cells-based forklifts, AGVs, and automated conveyor belts will save refrigeration costs.
Technavio research analysts have done an in-depth analysis of the cold chain logistics market trends, drivers, and challenges for pharmaceuticals industry in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.
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Cold Chain Logistics Market Report Outlook for Pharmaceuticals Industry
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive cold chain logistics market growth for the pharmaceuticals industry during the next five years
- Precise estimation of the cold chain logistics market size for the pharmaceuticals industry 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 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 vendors for pharmaceuticals industry
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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increase in global demand for pharmaceuticals
- Growing consolidation in global healthcare logistics market
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