Cold Chain Logistics Market Size to Grow by USD 11.6 Bn From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation

NEW YORK, Nov. 2, 2022 /PRNewswire/ — The Cold Chain Logistics Market share is set to increase by USD 11.6 billion from 2022 to 2027. Moreover, the market’s growth momentum will accelerate at a CAGR of 9.51% as per the latest market forecast report by Technavio. The market will also record a 9.23% Y-O-Y growth Rate during the forecast period.

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Cold Chain Logistics Market– Parent Market Analysis

Technavio categorizes the global cold chain logistics market for the pharmaceutical industry as a part of the global air freight and logistics market within the global transportation market. The parent global air freight and logistics market cover revenue generated by companies providing air freight transportation; courier; and logistics services, including package and mail delivery and customs agents. Technavio calculates the global air freight and logistics market size based on revenue generated by air freight and logistics service providers. The air freight and logistics market includes tracking of goods in transit and up to the point of delivery.

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Global Cold Chain Logistics Market Characteristics with Five Forces–

The global Cold Chain Logistics Market is fragmented and the five forces analysis by Technavio gives an accurate vision –

• Bargaining Power of Buyers

• The threat of New Entrants

• Threat of Rivalry

• Bargaining Power of Suppliers

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  Global Cold Chain Logistics Market – Customer Landscape

• The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence.

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Global Cold Chain Logistics Market– Segmentation Assessment

Geography Segment Overview

Technavio’s market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Cold Chain Logistics Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Cold Chain Logistics Market Size and actionable market understandings.

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Regional Highlights:

• APAC is the fastest-growing region in the global Cold Chain Logistics Market compared to other regions. 34% growth will originate from APAC. Due to the expansion of the healthcare business in Asia, the cold chain logistics market for the pharmaceutical industry in APAC is anticipated to increase rapidly. Between 2020 and 2021, the consumer healthcare industry in APAC experienced tremendous growth, mainly due to rising public and private sector investments in the expansion of the healthcare infrastructure. Substantial growth is anticipated due to the improved healthcare infrastructure and increasing government and non-governmental organization (NGO) spending on raising public health standards during the forecasted period.

Service Segment Overview

• The Global Cold Chain Logistics Market as per type segmentation is categorized into Service, product, and region.

• Revenue Generating Segment – The market share growth by the warehousing and VAS segments will be significant during the forecast period. The term “warehousing” describes the storage of finished and semi-finished goods in a warehouse or distribution facility. In the supply chain, storage is a crucial and capital-intensive function. It thus plays a crucial part in the logistics of the cold chain for the pharmaceutical industry. Furthermore, LSPs provide their clients with a range of warehouse services, including loading and unloading, inventory management software, and other services pertaining to the supply chain. Pharmaceuticals that need to be kept chilled, such as insulin, chemical medicines, vaccines, and biopharmaceutical reagents, are kept in a cold chain network while being delivered. Due to the increase in the chilled pharmaceutical product the cold chain market will grow which would benefit the warehouse and VAS industries.

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Global Cold Chain Logistics Market – Market Dynamics

Major Driver Boosting the Market

• One of the main factors propelling the expansion of the pharmaceutical industry’s worldwide cold chain logistics market is the rising demand for medicines on a global scale. The US Federal government’s introduction of the Affordable Care Act, a health insurance program, has contributed to the rapid increase in pharmaceutical sales.

• The demand for pharmaceutical items in India would also increase with the introduction of the National Health Protection Scheme (NHPS) in 2018, which aims to give healthcare insurance to 100 million families. Therefore, end-user organizations need specialist cold-chain healthcare logistics services in order to efficiently transport, warehouse, and distribute vast amounts of pharmaceuticals. This will drive the growth of the global cold chain logistics market for the pharmaceutical industry during the forecast period.

Major trends influencing the growth of glamping

• Global cold chain logistics market growth for the pharmaceutical industry will be fueled by growing consolidation in the global healthcare logistics market. The pharmaceutical industry’s worldwide cold chain logistics market is highly fragmented and competitive.

• Big firms face difficulties as a result of the high market fragmentation, which prevents them from expanding into other nations or areas. They are left with the difficult option of starting a network from scratch in a new area.

• Therefore, established logistics suppliers like United Parcel Service, Deutsche Post AG, and FedEx Corp. are embracing market consolidation as a strategic tactic for corporate expansion to lower the entry barrier into new geographies. This market consolidation technique aids major businesses in acquiring regional or local technologies from local rivals, boosting their market share, and achieving profitability in a cutthroat industry.

Major Challenges interrupting the market growth

• The main obstacle to the expansion of the global cold chain logistics market for the pharmaceutical industry is the functional hurdles in cold chain logistics that raise operational costs. LSPs make a strategic choice when buying land for warehouses, which are an essential component of cold chain logistics. Due to the rise in interbank exchange rates, real estate expenses are higher in nations like China, India, and the US.

• Due to the rise in interbank exchange rates, real estate prices are higher in nations like China, India, and the US. Industrial rents have gone up because of the US’s low vacancy rate. The profitability of cold chain logistics participants is being impacted by the increase in industrial rents. These elements will limit the expansion of the pharmaceuticals market’s cold chain logistics during the anticipated time frame.

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19-impacted market research reports.

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Cold Chain Logistics Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027

• Detailed information on factors that will assist Cold Chain Logistics Market growth during the next five years

• Estimation of the Cold Chain Logistics Market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the Cold Chain Logistics Market

• Analysis of the market’s competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of Cold Chain Logistics Market vendors

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Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Service

6 Market Segmentation by Product

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

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