Global Biopharmaceutical Logistics Market Size, Share & Trends Report, by Type (Air shipping, Sea Shipping, Road Shipping, and Rail Shipping), and by Application (Cold Chain Logistics and Non-Cold Chain Logistics) Forecast (2022-2028)

The global biopharmaceutical logistics market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The growing pharmaceutical industry is enabling the need for speedy distribution services and advanced storage solutions, which in turn driving the global biopharmaceutical logistics market. For instance, as per the data published by India Brand Equity Foundation (IBEF) in 2021, the Indian pharmaceutical sector supplies approximately 50% of the global demand for various vaccines, 40.0% of the generic demand in the US, and 25.0% of all medicine in the UK. Indian pharmaceutical industry includes a network of 3000 drug companies and 10,500 manufacturing units. According to the Indian Economic Research Survey 2021, the Indian pharmaceutical market is estimated at $42 billion in 2021 and is anticipated to reach  $65 billion by 2024 and further expand to reach $120-130 billion by 2030. Similarly, the biotechnology industry was valued at $64 billion in 2019 and is projected to reach $150 billion by 2025. Thus, the growth of the pharmaceutical industry is anticipated to fuel the demand for the global biopharmaceutical logistics market.

Looking toward the demand for biopharmaceutical logistics, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in February 2022, 7bridges had launched an AI-powered logistics platform to automate the logistics supply chain. This platform combines the data from the company’s supply chain, operations, and logistics to provide recommendations for how to transfer goods to the customer. Further, in August 2021, Geotab had launched Cold Chain, a new offering for HGVs and vans equipped with refrigeration capabilities that are designed to assist resolve the challenges of ongoing temperature control and monitoring of refrigerated vehicles.

In September 2020, Nippon Express Co. Ltd had announced that the company is developing pharmaceutical chain networks that meet both hardware and software requirements. The development aimed to enable a safer and more secure supply of pharmaceuticals. Thus, such developments coupled with innovative launches are anticipated to drive the growth of the global biopharmaceutical logistics market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- FedEx Corp, Deutsche Post DHL Group, UPS (Marken), and DB Schenker (Deutche Bahn)among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Biopharmaceutical Logistics Market Report by Segment

By Type

Air shipping

Sea Shipping

Road Shipping

Rail Shipping

By Application

• Cold Chain Logistics
• Non-Cold Chain Logistics

Global Biopharmaceutical Logistics Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa