Biopharmaceutical Third-Party Logistics Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theBiopharmaceutical Third-Party Logistics Market?
The increasing practice of outsourcing logistics is predicted to fuel the expansion of the biopharmaceutical third-party logistics market. This process is where a company delegates some or all of its logistics activities to a third party. In the context of biopharmaceutical third-party logistics, outsourcing logistics is employed for managing cryogenic supply chain through logistics partners. For example, in February 2024, the Bureau of Transportation Statistics, a United States unit of the Department of Transportation (DOT), reported that shipments for hire increased by 1.8% in December 2023 compared to the same month in 2022. Simultaneously, the Freight Transportation Services Index escalated from 136.6 in December 2022 to 139.1 in December 2023. Hence, the surge in outsourcing logistics is predicted to stimulate the biopharmaceutical third-party logistics market’s development.
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#How Does the ProjectedBiopharmaceutical Third-Party Logistics Market Growth Compare Over the Forecast Period?
The value of the biopharmaceutical third-party logistics market has been showing robust growth in recent times. It is predicted to increase from a market size of $141.59 billion in 2024, to reach a valuation of $150.94 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%. Factors such as the globalization of pharma supply chains, stringent regulatory norms, an upsurge in biopharmaceuticals and a heightened focus on cold chain logistics have all contributed to growth during the historic period.
In the coming years, the biopharmaceutical third-party logistics market is anticipated to experience significant growth, with its value projected to reach $203.7 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this anticipated growth during the forecast period encompass the expansion of personalized medicine, biologics and biosimilars, digital transformation of the supply chain, evolving regulatory compliance, and the impact of COVID-19. Key trends expected to shape the market during this period include the rising demand for on-demand logistics solutions, logistic sustainability, last-mile delivery solutions, pharma serialization and traceability, and the advent of autonomous logistics.
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What Are the Latest Innovations Influencing theBiopharmaceutical Third-Party Logistics Market?
The escalation of technological innovations is a predominant trend emerging in the biopharmaceutical third-party logistics market. Major firms in this sector are concentrating on introducing new products to fortify their position and establish a competitive edge. For example, in November 2022, an India-based logistics service provider, Celcius Logistics Solutions Pvt Ltd., unveiled its Hyper-Local temperature-controlled delivery services catered for food and pharma orders. The firm provides its last-mile service which is particularly apt for smaller quantity needs. These services are accessible in nine cities across the country. Through applying a hyperlocal method, the company secures the highest quality of the transported materials by consistently supervising the temperature in real-time throughout every phase of the delivery cycle.
Who Are the Major Industry Players Accelerating Growth in theBiopharmaceutical 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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Which Primary Segments of the Biopharmaceutical Third-Party Logistics Market Are Driving Growth and Industry Transformations?
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 #What Are the Primary Drivers Supporting the Market Growth of theBiopharmaceutical Third-Party Logistics Market?# 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
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