Biopharmaceutical Logistics

Biopharmaceutical Logistics

Global Biopharmaceutical Logistics Market to Reach $109.7 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Biopharmaceutical Logistics estimated at US$78.8 Billion in the year 2020, is projected to reach a revised size of US$109.7 Billion by 2027, growing at a CAGR of 4.8% over the period 2020-2027. Cold Chain Logistics, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$29.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-cold Chain Logistics segment is readjusted to a revised 4.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $23.2 Billion, While China is Forecast to Grow at 4.5% CAGR

The Biopharmaceutical Logistics market in the U.S. is estimated at US$23.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.4 Billion by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Select Competitors (Total 41 Featured) -

• Agility
• AmerisourceBergen Corporation
• DB Schenker
• DHL International GmbH
• FedEx
• GEODIS
• Kerry Logistics Network Limited
• Kuehne + Nagel
• Nippon Express
• Panalpina
• SF Express
• Sinotrans
• United Parcel Service of America, Inc.
• VersaCold
• XPO Logistics

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