BIO-PHARMA LOGISTICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Bio-pharma Logistics Market, By Type (Cold Chain Logistics and Non Cold Chain Logistics), By Service Type (Transportation, Warehousing, Packaging, and Others), By Application (Biologics, Prescribed drugs, Over-the-Counter medicines, Raw materials and bulk pharmaceuticals, and others), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Oct 2023
Code : CMI6278
Pages :140
Formats :
Excel and PDF
Industry : Pharmaceutical

Bio-pharma Logistics Market Size and Trends

The bio-pharma logistics market size is expected to reach US$ 173.0 Bn by 2030, from US$ 92.9 Bn in 2023, growing at a CAGR of 9.3% during the forecast period. Bio-pharma logistics refers to the logistics services required for transporting temperature-sensitive pharmaceutical products such as vaccines, drugs, and biological samples.

Bio-pharma Logistics Market Trends:

Sustainable cold chain initiatives: In efforts to reduce the environmental impact of temperature-controlled bio-pharma supply chains, logistics providers are taking initiatives to deploy renewable energy in operations. Solar, wind or fuel cell powered facilities; energy efficient warehouses, green reefer trucks, and use of bio-based insulation are among the measures which are being adopted for sustainable cold chains. Carbon-neutral solutions are also being offered to customers. Emphasis on sustainability is prompting investments in eco-friendly supply chains, presenting an opportunity.