Biopharmaceutical Third-Party Logistics Market Key Players Analysis - DHL International GmbH, SF Express, United Parcel Service of America Inc., AmerisourceBergen Corp., DB Schenker.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Biopharmaceutical Third-Party Logistics Marketv 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 2031, exhibiting a CAGR of 5.2% during the forecast period.

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Biopharmaceutical third-party logistics services facilitate the import and export of biopharmaceutical ingredients by leveraging third-party logistics providers. These services encompass inventory management, warehousing, and fulfillment, which are handled by external business authorities under a contractual agreement. The collaboration between the pharmaceutical companies and logistics providers is central to this process. As the Global Biopharmaceutical Third-Party Logistics Market grows, there is a strong emphasis on adopting environmentally sustainable solutions that promote energy efficiency, reduce carbon emissions, and encourage the adoption of sustainable practices across industries.

This shift aligns with the increasing demand for ethical and responsible business practices, presenting significant growth opportunities for market participants. In particular, the non-cold chain sector, which accounted for 81.3% of the market share in 2020, is gaining more focus compared to the cold chain sector. Factors such as the widespread distribution of pharmaceutical products, enhanced visibility, cost-effective optimization, and higher returns with reduced risks contribute to the expansion of the market. These factors also play a key role in strengthening the logistics network, further driving growth in the biopharmaceutical third-party logistics sector.

List of Prominent Players in the Biopharmaceutical third-party logistics Market:
• DHL International GmbH
• SF Express
• United Parcel Service of America Inc.
• AmerisourceBergen Corp.
• DB Schenker
• Kuehne and Nagel
• Kerry Logistics Network Ltd.
• Agility

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Market Dynamics:
Drivers:
Technological innovations are a key driver behind the growth of temperature management logistics services. Emerging technologies such as warehouse robotics, mobile cloud solutions, data mining, and real-time monitoring are transforming the logistics landscape. According to a global survey conducted in July 2021, third-party logistics (3PL) providers prioritize cold chain services, with over 60% of respondents believing that the future success of their businesses is heavily reliant on the availability and effectiveness of cold chain logistics.

Challenges:
The global logistics sector has faced significant disruptions due to the COVID-19 pandemic, particularly with the reduction in air freight capacity and limited staffing at ports, warehouses, and airports. Smaller firms within the biopharmaceutical third-party logistics market were particularly impacted, as they often lack the infrastructure to recover or adjust operations effectively during such disruptions. Despite these challenges, technological advancements in temperature management logistics, such as real-time monitoring, mobile cloud solutions, and warehouse robotics, continue to shape and improve the sector.

Regional Trends:
In 2022, North America accounted for a significant portion of the global market, contributing over 42% of total revenue. This dominance is largely attributed to the region's leading position in the pharmaceutical and biologics market, as well as the increasing volume of biopharmaceutical exports and imports. Furthermore, the adoption of new technologies in the region has grown, driven in part by the high cost of healthcare. Pharmaceutical companies in North America are increasingly relying on 3PL providers to optimize warehousing and transportation, thereby supporting regional market growth. The presence of major logistics firms in the area further accelerates this progress.

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.

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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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This release was published on openPR.