Technavio has announced its latest market research report titled Cold Chain Logistics Market for Pharmaceuticals Industry by Service and Geography – Forecast and Analysis 2020-2024
The cold chain logistics market is expected to grow by USD 9.48 billion during 2020-2024, according to the new report from Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic, in the first half of 2021. In addition, the report projects the market to accelerate at a CAGR of over 10%.
The cold chain logistics market for the pharmaceutical industry is driven by the increase in global demand for pharmaceuticals. In addition, the growth in demand for reefer containers from the pharmaceutical industry is anticipated to boost the growth of the Cold Chain Logistics Market for the Pharmaceuticals Industry.
The growth in pharmaceutical sales has globally increased the volume of pharmaceuticals trade. Several government initiatives on health insurance schemes contributed to the high growth of pharmaceutical sales. Therefore, for efficient transportation of pharmaceuticals, warehousing, and distribution in large volumes, the end-user companies would require cold chain healthcare logistics services. This will drive the growth of the global cold chain logistics market for the pharmaceutical industry through the forecast period.
Major Five Cold Chain Logistics for Pharmaceuticals Industry Companies:
Agility Public Warehousing Co. K.S.C.P
Agility Public Warehousing Co. K.S.C.P provides storage in multiple temperature zones, cold chain solutions, reverse logistics, and advanced tracking and tracing technologies.
Deutsche Post AG
Deutsche Post AG provides life sciences & healthcare products and solutions transport services in the market such as DHL Air Thermonet – Standard Temperature Controlled Air Freight, DHL Ocean Thermonet – Temperature Controlled Ocean Freight, DHL Freight Cold Chain – Temperature Controlled for life sciences and health care products, DHL Medical Express – Temperature Sensitive Corporation.
FedEx Corp.
FedEx Corp. provides end-to-end temperature control services such as FedEx Temp-Assure, FedEx Deep Frozen shipping solution, Fed Ex Thermal Blanket solutions, FedEx Freight Freezable protection service.
JWD InfoLogistics Public Co. Ltd.
JWD InfoLogistics Public Co. Ltd. provides services of transportation and distribution management, special attention towards dangerous goods port safety, logistics software development, etc services are available.
Kerry Logistics Network Ltd.
Kerry Logistics Network Ltd. provides a complete cold chain integrity solution, warehousing and distribution service, and other value-added services.
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