Global Biopharma Cold Chain Logistics Market: Trending in 2021
New York, NY 26 May 2021: The global biopharma cold chain logistics market size is expected to reach USD 26.8 Billion by 2027 according to a new study by Polaris Market Research. The Report “Biopharma Cold Chain Logistics Market Share, Size, Trends, Industry Analysis Report, By Component (Storage {Warehouse, and Refrigerated Container}, Transportation {Sea Freight Logistics, Air Freight Logistics, and Overland Logistics}, and Monitoring Components {Hardware [Sensors, RFID Devices, Telematics, and Networking Devices], and Software); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global market is anticipated to grow owing to the necessity of cold chain infrastructure in the supply chain network for the temperature sensitive vaccines and drugs, cost containment measures, and technology enabled services for real time monitoring. Moreover, government’s positive initiatives to reduce the wastage and enhancement of services at the local level is also expected to boost the investments in the concerned market.
The market is fragmented based on type, component, and region. In terms of type, the market is segmented into cold and non-cold. Based on component, the biopharma cold chain logistics market is bifurcated as storage, transportation, and monitoring components. Storage segment is further segmented as warehouse, and refrigerated container. Transportation is further segregated as sea freight logistics, air freight logistics, and overland logistics. Monitoring components is bifurcated as hardware and software.
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Segment Highlight
- The storage segment accounted for the largest revenue share in 2019 and is expected to continue its dominance over the forecast period on account of the growing demand for temperature-sensitive pharmaceuticals.
- Monitoring components segment is expected to witness significant growth over the projected period on account of the increasing need to maintain safety and integrity of the biopharmaceuticals
- North America accounted for the largest revenue share in 2019 owing to the growing demand for biopharma cold chain logistics and presence of several market players operating in the U.S. and Canada
List of Key Players
- Air Canada
- DB Schenker
- Kuehne+ Nagel
- United Parcel Service of America, Inc.
- Deutsche Post AG
Polaris Market Research has segmented the biopharma cold chain logistics market report on the basis of component and region
Biopharma Cold Chain Logistics, Component Outlook (Revenue – USD Million, 2016 – 2027)
- Storage
- Warehouse
- Refrigerated Container
- Transportation
- Sea Freight Logistics
- Air Freight Logistics
- Overland Logistics
- Monitoring Components
- Hardware
- Sensors
- RFID Devices
- Telematics
- Networking Devices
- Software
- Hardware
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Cold Chain Logistics Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the cold chain logistics market include AmeriCold Logistics, LLC, Lineage Logistics Holdings, LLC, VersaCold Logistics Services, AGRO Merchants Group, LLC, Nichirei Logistics Group Inc., Preferred Freezer Services, Congebec Logistics Inc., Burris Logistics Inc., Conestoga Cold Storage, Tippmann Group.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Cold Chain Logistics Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/cold-chain-logistics-market/download-sampleMarket DynamicsThe global cold chain logistics market is witnessing an uptrend with worldwide trade and supply chains growth.
Growing e-commerce of food and pharmaceuticals products and expanding shipping and import & export of food and drugs & pharmaceuticals products primarily drive the global cold chain logistics market.
The growing need to transport perishable and temperature sensitive products safely over long distances and technological advancement is accelerating demand for cold chain logistics.
