Biopharmaceutical Third-Party Logistics Market Projected at $203.7 Billion by 2029 | Strategic Insights and Forecast Data
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How Has the Biopharmaceutical Third-Party Logistics Market Size Changed, over the years?
The market size of biopharmaceutical third-party logistics has been exhibiting strong growth in the past few years. It is projected to expand from $141.59 billion in 2024 to $150.94 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.6%. This growth during the historic period has been driven by the global expansion of pharma supply chains, rigorous regulatory standards, an increase in biopharmaceuticals, and a concentrated emphasis on cold chain logistics.
How Much Will the Biopharmaceutical Third-Party Logistics Market Be Worth in 2029?
The market size of the biopharmaceutical third-party logistics is forecasted to exhibit robust growth in the upcoming years. It is predicted to expand to $203.7 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.8%. Factors contributing to this predicted growth during the forecast period include the expansion of personalized medicine, biologics and biosimilars, digitalization of the supply chain, regulatory compliance issues, and the impact of COVID-19. Key trends projected to shape this period include the advent of on-demand logistics solutions, an emphasis on sustainability in logistics, the evolution of last-mile delivery solutions, pharma serialization and traceability, and the rise of autonomous logistics.
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Which is the Largest Company 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
What Are the Main Market Drivers in the Biopharmaceutical Third-Party Logistics Industry?
The growth of the biopharmaceutical third-party logistics market is projected to be spurred by the increasing trend of logistics outsourcing. This involves employing an external party to manage either all or some of a firm’s logistics operations. In the biopharmaceutical third-party logistics sector, this practice is commonly used to delegate the responsibility of cryogenic supply chain management to logistics partners. For instance, the US-based Bureau of Transportation Statistics, a division of the Department of Transportation (DOT), reported in February 2024 that there was a 1.8% month-on-month increase in for-hire freight shipments in December 2023, rising from the previous year. Further, the Freight Transportation Services Index climbed from 136.6 in December 2022 to 139.1 in December 2023. As such, the increasing trend of logistics outsourcing is anticipated to boost the biopharmaceutical third-party logistics market’s growth.
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How Is the Biopharmaceutical Third-Party Logistics Market Segments Structured?
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
What Strategic Trends Are Transforming the Biopharmaceutical Third-Party Logistics Market?
Technological progress is a rising trend being observed in the biopharmaceutical third-party logistics sector. A large number of firms in this sector are focusing on introducing innovative products to consolidate their standing and acquire a strategic edge. To illustrate, Celcius Logistics Solutions Pvt Ltd., a logistics services company stationed in India, unveiled their Hyper-Local temperature-controlled delivery services tailored specifically for food and pharmaceutical orders in November 2022. The firm provides a last-mile solution that is aptly suited for smaller quantity consignments, a convenience that it extends across nine cities nationwide. They ensure the top-notch quality of transported goods by employing a hyperlocal strategy which enables them continuous real-time temperature monitoring throughout every phase of the delivery.
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Which Global Regions Offer the Highest Growth in 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
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This Report Delivers Insight On:
1. How big is the biopharmaceutical third-party logistics market, and how is it changing globally?
2. Who are the major companies in the biopharmaceutical third-party logistics market, and how are they performing?
3. What are the key opportunities and risks in the biopharmaceutical third-party logistics market right now?
4. Which products or customer segments are growing the most in the biopharmaceutical third-party logistics market?
5. What factors are helping or slowing down the growth of the biopharmaceutical third-party logistics market?
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