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Biopharmaceutical Third-Party Logistics Market Set to Reach $176.28 Billion by 2031

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Biopharmaceutical Third-Party Logistics Market Set to Reach $176.28 Billion by 2031

Biopharmaceutical Third-Party Logistics Market Set to Reach $176.28 Billion by 2031

The Logistic News by The Logistic News
February 1, 2025
in Logistic
Reading Time: 2 mins read
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Biopharmaceutical Third-Party Logistics Market Set to Reach $176.28 Billion by 2031
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The global biopharmaceutical third-party logistics (3PL) market is projected to achieve a valuation of $176.28 billion by 2031, reflecting a compound annual growth rate (CAGR) of 5.2% over the forecast period.

Key Market Drivers:

  1. Technological Advancements: The integration of warehouse robotics, mobile cloud solutions, data mining, and real-time monitoring is transforming logistics operations, enhancing efficiency and accuracy in the supply chain.
  2. Emphasis on Cold Chain Services: A global survey conducted in July 2021 revealed that over 60% of 3PL providers consider cold chain services crucial for their future business strategies, underscoring the importance of temperature-controlled logistics in the biopharmaceutical sector.

Market Segmentation:

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  • Supply Chain:
    • Cold Chain: Focused on temperature-sensitive products requiring stringent climate control during transit.
    • Non-Cold Chain: Covers products that do not necessitate temperature regulation.
  • Service Type:
    • Transportation: Encompasses air freight, sea freight, and overland transport solutions.
    • Warehousing & Storage: Involves the storage and management of biopharmaceutical products in specialized facilities.
    • Other Services: Includes inventory management, packaging, and fulfillment services.

Regional Insights:

In 2022, North America dominated the market, accounting for over 42% of global revenue. This leadership is attributed to the region’s robust pharmaceutical industry, significant investments in biologic medications, and a well-established logistics infrastructure.

Challenges:

The COVID-19 pandemic significantly disrupted global logistics, leading to decreased air freight capacity and staffing challenges at ports, warehouses, and airports. Small firms, in particular, faced substantial setbacks due to a lack of contingency plans and resources to manage such disruptions.

Leading Industry Players:

  • DHL International GmbH
  • SF Express
  • United Parcel Service of America Inc.
  • AmerisourceBergen Corp.
  • DB Schenker
  • Kuehne and Nagel
  • Kerry Logistics Network Ltd.
  • Agility

Conclusion:

The biopharmaceutical 3PL market is on a trajectory of significant growth, driven by technological innovations and an increasing focus on specialized logistics services. As the industry evolves, stakeholders must navigate challenges such as supply chain disruptions and the need for advanced temperature management solutions to maintain momentum.

For more insights into the logistics industry, stay connected with The Logistic News.

#BiopharmaceuticalLogistics #ThirdPartyLogistics #MarketGrowth #SupplyChainInnovation #TheLogisticNews

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