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Outsourcing Logistics Drives Growth In Biopharmaceutical 3Pl Market Driver: A Major Catalyst in the Evolution of the Biopharmaceutical Third-Party Logistics Market in 2025
Biopharmaceutical Third-Party Logistics Market Size
The growing tendency to outsource logistics is predicted to fuel the expansion of the biopharmaceutical third-party logistics sector. This outsourcing process involves hiring a third-party to manage a company's entire or a part of its logistical operations. Such a model is often employed in the biopharmaceutical third-party logistics field, specifically for delegating cryogenic supply chain management tasks to logistics partners. For example, in February 2024, the Bureau of Transportation Statistics (an organization under the Department of Transportation in the US), reported that for-hire freight shipments experienced an increase of 1.8% in December 2023 compared to the same month in 2022. Simultaneously, the Freight Transportation Services Index rose from 136.6 in December 2022 to 139.1 in December 2023. Consequently, this escalating trend of logistics outsourcing is anticipated to stimulate the growth of the biopharmaceutical third-party logistics market.
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What is the projected compound annual growth rate (CAGR) of the biopharmaceutical third-party logistics market from 2025 to 2034, and what factors influence it?
The market size of third-party logistics in the biopharmaceutical sector has seen robust growth in the past few years. It is projected to expand from $141.59 billion in 2024 to $150.94 billion in 2025, representing a compound annual growth rate (CAGR) of 6.6%. The substantial growth during the historical period is a result of the globalization of pharmaceutical supply chains, stricter regulatory obligations, an increase in biopharmaceutical production, and an emphasis on cold chain logistics.
The size of the biopharmaceutical third-party logistics market is projected to experience significant growth in the coming years, reaching $203.7 billion by 2029 with a CAGR of 7.8%. The expansion during the forecasted timeframe can be tied to several factors including the rise of personalized medicine, the proliferation of biologics and biosimilars, digital transformation of supply chains, increasingly complex regulatory compliance, and the effects of COVID-19. Key trends to watch during the forecast period are on-demand logistics services, sustainability initiatives in logistics, last-mile delivery advancements, pharma serialization and traceability, and the emergence of autonomous logistics.
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How are the latest trends influencing the growth of the biopharmaceutical third-party logistics market?
The rise of technological innovations is leading current trends, becoming increasingly popular within the biopharmaceutical third-party logistics sector. In a bid to maintain market steadiness and outwit competitors, key businesses in this market are intensifying their efforts towards the introduction of novel products. For example, in November 2022, Celcius Logistics Solutions Pvt Ltd., a firm based in India renowned for its provision of logistics services, introduced a new Hyper-Local temperature-controlled delivery service specifically designed for food and pharmaceutical items. Their solution, tailored for the delivery of small volumes, is accessible in nine different locations across the nation. Utilizing a hyperlocal strategy, the company promises superior quality in the transport of goods through constant, real-time temperature monitoring throughout each phase of delivery progression.
What are the major segments of the biopharmaceutical third-party logistics market and their role in driving growth?
The biopharmaceutical third-party logistics market covered in this report is segmented -
1) By Supply Chain: Cold Chain, Non-Cold Chain
2) By Service: Transportation, Warehousing And Storage, Other Services
3) By End-User: Pharmaceutical And Biopharmaceutical Companies, Medical Device Companies, Hospitals And Clinics, Other End-Users
Subsegments:
1) By Cold Chain: Refrigerated Transport, Temperature-Controlled Storage, Specialized Packaging
2) By Non-Cold Chain: Ambient Transport, Standard Storage Solutions, General Packaging Methods
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Which regions are key players in the growth of the biopharmaceutical third-party logistics market?
North America was the largest region in the biopharmaceutical third party logistics market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biopharmaceutical third-party logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the biopharmaceutical third-party logistics market?
Major companies operating in the biopharmaceutical third-party logistics market include McKesson Corporation, AmerisourceBergen Corporation, United Parcel Service of America Inc., FedEx Corporation, DHL International GmbH, Kuehne + Nagel International AG, SF Express Co Ltd., DB Schenker, CH Robinson Worldwide Inc., Nippon Express Group, Expeditors International of Washington Inc., Sinotrans Limited, XPO Logistics Inc., Kerry Logistics Network Limited, Bollore Logistics, Catalent Inc., Almac Group, VersaCold Logistics Services, Cryoport Inc., Agility Logistics Corp, Fisher Clinical Services, CEVA Logistics Inc., LifeScience Logistics, Cold Chain Technologies LLC, Langham Logistics, Airpharm Logistics, Express Courier International, Bio Pharma Logistics, PCI Pharma Services
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What Is Covered In The Biopharmaceutical Third-Party Logistics Global Market Report?
• Market Size Forecast: Examine the biopharmaceutical third-party logistics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the biopharmaceutical third-party logistics market for a structured understanding.
• Key Players Overview: Analyze major players in the biopharmaceutical third-party logistics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biopharmaceutical third-party logistics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the biopharmaceutical third-party logistics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biopharmaceutical third-party logistics market.
• Industry Challenges: Identify potential risks and obstacles affecting the biopharmaceutical third-party logistics market.
• Competitive Landscape: Review strategic developments in the biopharmaceutical third-party logistics market, including expansions, agreements, and new product launches.
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