Pharmaceutical logistics Market Top Key Players – Agility, Air Canada, PCI Pharma Services, Continental Cargo OÜ, CEVA Logistics, Schenker AG, Deutsche Post AG, FedEx
Research suggests that logistics costs comprise of about 45-55% of the costs in the Indian Pharmaceutical supply chain from factory to shelf. Logistics has long been considered as a basic supporting function within the life sciences sector.
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PHARMACEUTICAL LOGISTICS TRENDS IN THE MARKET
Much of the supply chain of pharmaceuticals are routed through China for the APIs (Active Pharmaceutical Ingredients), the US government has requested the FDA (Food and Drug Authority) to determine the key APIs that are needed for the manufacturing of advanced drugs that are routed through China.
COVID-19 Vaccine Is The Biggest Driver
Till the end of 2022 or mid-2023, the biggest revenue generator for the pharmaceuticals logistics market, with vaccine in short supply this might even end till the end of 2024.
Increase In Non-Cold Chain Products
Non cold chain products exhibit higher sales over cold chain products in general all over the world. The non-cold chain spending is expected to grow at a CAGR of 2%.
Penetration Of Digital Supply Chain
The market is highly competitive with many companies striving to offer cloud-based supply chain solutions and a secured supply chain function.
PHARMACEUTICAL LOGISTICS MARKET SEGMENTATION
Mode Of Transport
1. Air cargo
2. Ocean cargo
3. Road transport
4. End to End transport services
1. Bulk drug handlers
3. Chemicals & Other raw materials
4. Biological material and organs
5. Hazardous cargo
On the basis of segment, transportation accounts for more than half of the global cold chain logistic services. Other major segments are packaging and instrumentation. On the basis of region, North America is the largest market, followed by Asia-Pacific, Europe and others.
Asia-Pacific is the fastest growing region, owing to the developing economies of China, India, South Korea, which are emerging as major destinations for outsourcing clinical trials, drug manufacturing and pathology testing.
PCI Pharma Services
Continental Cargo OÜ
Deutsche Post AG
Kerry Logistics Network Limited
Genco Shipping & Trading
AGRO Merchants Group
United Parcel Service of America, Inc
VersaCold Logistics Services
KUEHNE + NAGEL
YUSEN LOGISTICS CO, LTD
PANALPINA WORLD TRANSPORT (HOLDING) LTD
C.H. Robinson Worldwide, Inc
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