Global Biopharmaceutical Logistics Market to Reach $129.1 Billion by 2030
The global market for Biopharmaceutical Logistics estimated at US$93 Billion in the year 2023, is expected to reach US$129.1 Billion by 2030, growing at a CAGR of 4.8% over the period 2023-2030. Cold Chain Logistics, one of the segments analyzed in the report, is expected to record 5.3% CAGR and reach US$34.7 Billion by the end of the analysis period. Growth in the Non-cold Chain Logistics segment is estimated at 4.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $28.1 Billion, While China is Forecast to Grow at 4.3% CAGR
The Biopharmaceutical Logistics market in the U.S. is estimated at US$28.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.3 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 3.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
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