Tag: biopharmaceutical third-party logistics market growth

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How Has the Biopharmaceutical Third-Party Logistics Market Growth Performance Trended Historically, And What Lies Ahead?

There has been a significant increase in the size of the biopharmaceutical third-party logistics market in the past few years. The market, which is expected to rise from $141.59 billion in 2024 to $150.5 billion in 2025, is predicted to see an annual compound growth rate (CAGR) of 6.3%. The notable growth in the previous years can be linked to factors such as the globalization of pharma supply chains, strict regulatory necessities, the surge in biopharmaceuticals, and the emphasis on cold chain logistics.

In the ensuing years, a robust growth is anticipated in the size of the biopharmaceutical third-party logistics market, raising it to a staggering$203.18 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 7.8%. Factors influencing this growth during the forecast period include the expansion of personalized medicine, biologics and biosimilars, the digitalization of the supply chain, the complexity of regulatory compliance, and the impact of COVID-19. Notable trends projected for the forecast period comprise on-demand logistics solutions, sustainability in logistics, last-mile delivery solutions, pharma serialization and traceability as well as autonomous logistics.

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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Biopharmaceutical Third-Party Logistics Market?

The growth of the biopharmaceutical third-party logistics market is estimated to be propelled by the burgeoning trend of outsourcing logistics. This process refers to the engagement of a third party to handle part or all of a company’s logistical functions. Biopharmaceutical third-party logistics utilize outsourcing logistics to give responsibility for cryogenic supply chain management to their logistics partners. For instance, the Bureau of Transportation Statistics, a US-based section of the Department of Transportation (DOT), reported in February 2024 that for-hire freight shipments increased by 1.8% in December 2023 when compared to December 2022. In addition, the Freight Transportation Services Index rose from 136.6 to 139.1 from December 2022 to December 2023. As a result, the anticipated increase in outsourcing logistics is expected to boost the growth of the biopharmaceutical third-party logistics market.

Which Key Market Segments Comprise the Biopharmaceutical Third-Party Logistics Market and Drive Its Revenue Growth?

The biopharmaceutical third-party logisticsmarket 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 Areas Are Leading Regions in the Biopharmaceutical Third-Party Logistics Market Expansion Across the Globe?

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

What Are the Key Market Trends in theBiopharmaceutical Third-Party Logistics Market Over the Coming Years?

The emergence and proliferation of technological innovations is a dominating trend observed in the biopharmaceutical third-party logistics sector. The principal players in this industry are striving to introduce new offerings in order to solidify their market standing and outshine their competitors. A prime example of this tactic occurred in November 2022 when Celcius Logistics Solutions Pvt Ltd., an Indian logistics service corporation, rolled out their Hyper-Local temperature-regulated delivery service for food and pharmaceutical orders. Their end-mile solution includes a service aimed specifically at smaller quantities, and is accessible in nine Indian cities. By leveraging a hyperlocal tactic, the firm ensures the prime quality of transported items by vigilantly tracking temperature variations in real time during every stage of the delivery operation.

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How Is the Biopharmaceutical Third-Party Logistics Market Conceptually Defined?

Biopharmaceutical third-party logistics refers to a partner or service that helps in the provision of logistics services by external entities to pharmaceutical companies. These companies delegate their transportation needs to third-party providers to minimize costs, and the absence of in-house capabilities is a significant factor driving the expansion of transportation outsourcing.

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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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How Has the Biopharmaceutical Third-Party Logistics Market Growth Performance Trended Historically, And What Lies Ahead?

In recent times, the biopharmaceutical third-party logistics market has shown strong growth. The market, which is expected to increase from $141.59 billion in 2024 to $150.94 billion in 2025, is predicted to have a compound annual growth rate (CAGR) of 6.6%. Factors such as the globalization of pharmaceutical supply chains, stricter regulatory norms, a surge in biopharmaceuticals, and an emphasis on cold chain logistics have contributed to the growth experienced in the historic period.

The size of the third-party logistics market in the biopharmaceutical sector is predicted to witness healthy expansion in the upcoming years. The market is projected to grow to $203.7 billion by 2029, with a compound annual growth rate (CAGR) of 7.8%. This anticipated growth in the predicted period can be ascribed to factors like the proliferation of personalized medicine, the expansion of biologics and biosimilars, digitalization of the supply chain, complex regulatory compliances, and the impact of COVID-19. The upcoming period is expected to be characterized by key trends such as demand-driven logistics solutions, sustainability measures in logistics, last-mile delivery solutions, serialization and traceability in pharma, and autonomous logistics.

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Which Primay Drivers Are Accelerating Growth in the Biopharmaceutical Third-Party Logistics Market?

The growth of the biopharmaceutical third-party logistics market is predicted to be driven by the increasing trend of outsourcing logistics. This process requires an external party to manage either a part or all of a company’s logistics activities. In the biopharmaceutical third-party logistics sphere, cryogenic supply chain management is commonly outsourced to logistics partners. As an example, the Bureau of Transportation Statistics, a part of the Department of Transportation in the U.S., noted that in February 2024, for-hire freight shipments experienced a 1.8% increase in December 2023 when compared to December 2022. Simultaneously, the Freight Transportation Services Index rose from 136.6 in December 2022 to 139.1 in December 2023. Consequently, the biopharmaceutical third-party logistics market is likely to be positively affected by this continuing trend of logistics outsourcing.

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 #Which Primay Drivers Are Accelerating Growth in the Biopharmaceutical 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

Which Technological Trends Are Reshaping the Biopharmaceutical Third-Party Logistics Industry Dynamics?

The emergence of technological progress is a prominent trend within the biopharmaceutical third-party logistics industry. Leading corporations in the sector are launching innovative products to consolidate their market presence and gain a competitive edge. An example of this is Celcius Logistics Solutions Pvt Ltd., a logistics service provider based in India, which introduced Hyper-Local temperature-controlled delivery services for food and pharmaceutical orders in November 2022. They offer a last-mile solution fit for smaller quantities, which is accessible in nine cities across India. Using a hyperlocal strategy, the company assures superior quality of the transported materials by consistently tracking the temperature at each phase of the delivery process in real time.

View the full report here:

https://www.thebusinessresearchcompany.com/report/biopharmaceutical-third-party-logistics-global-market-report

What Parameters Are Used to Define the Biopharmaceutical Third-Party Logistics Market?

Biopharmaceutical third-party logistics refers to a partner or service that helps in the provision of logistics services by external entities to pharmaceutical companies. These companies delegate their transportation needs to third-party providers to minimize costs, and the absence of in-house capabilities is a significant factor driving the expansion of transportation outsourcing.

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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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What fueled the previous growth in the biopharmaceutical third-party logistics market?

In recent years, the biopharmaceutical third-party logistics market has witnessed robust growth. The market, valued at $141.59 billion in 2024, is expected to rise to $150.94 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.6%. The growth experienced during the historical period is a result of the globalization of pharmaceutical supply chains, rigorous regulatory standards, increasing biopharmaceuticals, and an emphasis on cold chain logistics.

What will be the biopharmaceutical third-party logistics market size in the future?

Major expansion is anticipated in the biopharmaceutical third-party logistics market in the coming years, with projections indicating a size of $203.7 billion by 2029. This signifies a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this growth during the forecast period include the rise of personalized medicine, the broadening of biologics and biosimilars, digitalization of the supply chain, increased regulatory compliance requirements, and the influence of COVID-19. Further important trends expected to shape the future include on-demand logistics services, sustainable practices in logistics, last-mile delivery solutions, pharma serialization and traceability, and autonomous logistics.

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https://www.thebusinessresearchcompany.com/report/biopharmaceutical-third-party-logistics-global-market-report

What main drivers are fueling expansion in the biopharmaceutical third-party logistics market?

The growth of the biopharmaceutical third-party logistics market is predicted to be fuelled by the escalating tendency to outsource logistics. This process involves hiring a third party to manage some or all of a company’s logistics operations. In the context of biopharmaceutical third-party logistics, this outsourcing typically takes the form of entrusting the management of the cryogenic supply chain to logistics partners. For example, per data from the US-based Bureau of Transportation Statistics, a division of the Department of Transportation (DOT), for-hire freight shipments saw a 1.8% uptick in December 2023 compared to the prior year. Similarly, the Freight Transportation Services Index experienced growth from 136.6 in December 2022 to 139.1 in December 2023. Consequently, the increasing tendency to outsource logistics is forecasted to stimulate the expansion of the biopharmaceutical third-party logistics market.

What key areas define the segmentation of the global biopharmaceutical third-party logistics market?

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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Who are the dominant players expanding their reach 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

How are evolving market trends shaping biopharmaceutical third-party logistics Strategies?

Rising technological improvements are becoming a predominant trend within the biopharmaceutical third-party logistics sector. Dominant firms within this market are concentrating on the introduction of novel products in a bid to consolidate their standing and obtain a competitive edge. To illustrate, Celcius Logistics Solutions Pvt Ltd., a logistics service provider based in India, unveiled a Hyper-Local, temperature-controlled delivery service specialized for food and pharmaceutical orders in November 2022. This firm provides this final stage solution that is appropriate for smaller quantities and is accessible in nine Indian cities. Employing a hyperlocal strategy, the firm ensures the optimal upkeep of transported materials by ongoing real-time temperature scrutiny at every step of the delivery procedure.

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Which regions are emerging as leaders 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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The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

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