Biopharma 3PL Market: Leading the Charge in Sustainable Logistics and Non-Cold Chain Distribution

Biopharmaceutical third-party logistics Market

Biopharmaceutical Third-Party Logistics Market to reach over USD 176.28 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Biopharmaceutical Third-Party Logistics Market Size, Share & Trends Analysis Report By Supply Chain (Cold Chain, Non-cold Chain), By Service Type (Transportation, Warehousing & Storage), Region, Market Outlook And Industry Analysis 2031"

The global Biopharmaceutical third-party logistics market is estimated to reach over USD 176.28 billion by 2024-2031, exhibiting a CAGR of 5.2% during the forecast period.

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Pharmaceutical companies can leverage third-party logistics (3PL) specifically designed for biopharmaceuticals to import and export critical ingredients. This service, known as biopharmaceutical third-party logistics, offers functionalities like inventory management, warehousing, and fulfillment, all handled by a contracted logistics provider.

The global biopharmaceutical third-party logistics market is poised to be a leader in this movement. By offering eco-friendly solutions that promote energy efficiency, reduce carbon emissions, and enhance sustainable practices across sectors, this market presents tremendous growth potential. This aligns perfectly with the growing consumer demand for ethically and responsibly produced products.

While the cold chain segment is crucial for temperature-sensitive biopharmaceuticals, a larger market share currently belongs to the non-cold chain segment, which is expected to hold an impressive 81.3% share by 2020. This dominance is driven by the widespread distribution of medications and vaccinations, along with the benefits of 3PL services such as improved visibility, cost optimization, higher returns with lower risks, and ultimately, the development of a robust logistical network for the pharmaceutical industry.

List of Prominent Players in the Biopharmaceutical third-party logistics Market:

• Kuehne and Nagel
• Kerry Logistics Network Ltd.
• Agility
• DHL International GmbH
• SF Express
• United Parcel Service of America Inc.
• AmerisourceBergen Corp.
• DB Schenker

Market Dynamics:
Drivers-
Technological advancements are a major factor in the expansion of temperature management logistic services. Emerging technologies like warehouse robotics, mobile cloud solutions, data mining, and real-time monitoring have an impact on the logistics sector. A global survey conducted in July 2021 revealed that third-party logistics providers (3PLs) prioritize cold chain services. More than 60% of 3PL service providers think that the future of their business depends on the availability of cold chain services.

Challenges:
The COVID-19 pandemic also significantly impacted global logistics, partly due to decreased air freight capacity and staffing levels at ports, warehouses, and airports. The biopharmaceutical third-party logistics market severely harmed small firms that typically lack a recovery, backup, or intermittent operating plan. Technological improvement is one of the main elements influencing the use of temperature management logistic services. Technologies like real-time monitoring, mobile cloud solutions, data mining, and warehouse robotics have significantly altered the logistics sector.

Regional Trends:
In 2022, North America held an enormous market share, contributing more than 42.0% of worldwide revenue. This is attributable to the region's dominance in the pharmaceutical and biologic medications market and a surge in biopharmaceutical exports and imports.

Additionally, the adoption of new technologies is moderately increased in the region due to the high cost of healthcare. Pharmaceutical firms with operations in North America depend increasingly on 3PL service providers to optimize warehousing and transportation, fueling regional growth. Furthermore, the presence of essential firms supports the region's progress.

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Recent Developments:

• In May 2022, Hitachi Transport System, Ltd. stated that its group company, ESA s.ro., had made a deal with Vlkova Partners s.ro., a Czech logistics company that offers reverse logistics services to C business operators, to buy the business from VP.

• In March 2022, ST Logistics claimed that it had enhanced its position as the market leader in containerized logistics by purchasing the intermodal division of XPO Logistics, one of North America's largest suppliers of container transportation services.

Segmentation of Biopharmaceutical Third-Party Logistics Market-
Biopharmaceutical Third-Party Logistics Market By Supply Chain-

• Cold Chain
• Non-Cold Chain

Biopharmaceutical Third-Party Logistics Market By Service Type-

• Transportation
o Air Freight
o Sea Freight
o Overland
• Warehousing & Storage
• Others Services

Biopharmaceutical Third-Party Logistics Market By Region-
North America-

• The US
• Canada
• Mexico

Europe-

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

Asia-Pacific-

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

Latin America-

• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa

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