Biopharmaceutical Third-Party Logistics Market Forecast and Industry Growth by Region and Service Type to 2031

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 (3PL) services support the import and export of biopharmaceutical ingredients by utilizing external logistics providers. These services include inventory management, warehousing, and fulfillment, all of which are managed under contractual agreements with third-party providers. The collaboration between pharmaceutical companies and logistics providers is essential to the successful execution of these services. As the global biopharmaceutical third-party logistics market continues to expand, there is an increasing focus on adopting environmentally sustainable solutions that enhance energy efficiency, minimize carbon emissions, and promote the integration of sustainable practices across industries.

This shift aligns with the growing demand for ethical and responsible business operations, creating substantial growth opportunities for market participants. Notably, the non-cold chain sector, which represented 81.3% of the market share in 2020, is receiving heightened attention compared to the cold chain sector. Key factors driving this expansion include the widespread distribution of pharmaceutical products, improved visibility, cost-effective optimization, and higher returns with reduced risks. These elements are critical in strengthening the logistics network, thereby further contributing to the growth of the biopharmaceutical third-party logistics market.

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 advancements play a pivotal role in the growth of temperature management logistics services. Emerging technologies, including warehouse robotics, mobile cloud solutions, data mining, and real-time monitoring, are significantly transforming the logistics industry. A global survey conducted in July 2021 revealed that over 60% of third-party logistics (3PL) providers view cold chain services as crucial to the future success of their businesses, underscoring the increasing importance of efficient cold chain logistics.

Challenges:
The global logistics sector has experienced substantial disruptions due to the COVID-19 pandemic, particularly with a reduction in air freight capacity and staffing shortages at ports, warehouses, and airports. Smaller firms within the biopharmaceutical third-party logistics market have been especially impacted, as they often lack the infrastructure to quickly recover or adapt to such disruptions. Despite these challenges, technological advancements in temperature management logistics, such as real-time monitoring, mobile cloud solutions, and warehouse robotics, continue to drive improvements in the sector.

Regional Trends:
In 2022, North America accounted for a significant share of the global market, contributing over 42% of total revenue. This dominance can be attributed to the region's leading position in the pharmaceutical and biologics markets, alongside the growing volume of biopharmaceutical imports and exports. The adoption of innovative technologies in the region has also been influenced by the high cost of healthcare. Pharmaceutical companies in North America are increasingly relying on 3PL providers to enhance warehousing and transportation efficiency, further supporting regional market growth. The presence of major logistics firms in the area is also contributing to the acceleration of 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

View Overview Report: https://www.insightaceanalytic.com/report/biopharmaceutical-third-party-logistics-market/1935

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.