Biopharmaceutical Third Party Logistics (3PL) Market 2022 | Share, Trends, Growth and Forecast 2027

According to the latest report by IMARC Group, titled, "Biopharmaceutical Third Party Logistics (3PL) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global biopharmaceutical third party logistics 3PL market size reached US$ 109.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 154.2 Billion by 2027, exhibiting a growth rate (CAGR) of 5.8% during 2022-2027.

Biopharmaceutical third party logistics (3PL) refers to the transportation of medicines using advanced vehicles. These vehicles are specially designed to automate temperature and reduce the possibility of human errors during transportation. Biopharmaceutical 3PL helps carry various medical products, maintain inventory of the goods and fulfill orders. It also minimizes overhead expenses, ensures uninterrupted product supply and improves the transportation services of an organization.

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Market Trends:

The rising demand for effective logistics systems to safely transport temperature-sensitive medicines is one of the key factors driving the growth of the global biopharmaceutical 3PL market. Furthermore, the emerging trend of outsourcing logistics by medical organizations to optimize their distribution network is propelling market growth. As coronavirus disease (COVID-19) continues to spread across the globe, there has been a significant increase in the demand for 3PL logistics to minimize drug supply disruptions and prioritize the availability of critical care drugs. Moreover, various technological advancements and growing environmental concerns among pharmaceutical companies to reduce carbon footprint are creating a positive outlook for the market.

Competitive Landscape:

Agility Logistics
AmerisourceBergen Corporation
DB Schenker (Deutsche Bahn)
DHL International GmbH (Deutsche Post)
FedEx Corporation
Kerry Logistics Network Limited
Kuehne + Nagel International AG
McKesson Corporation
SF Express Co. Ltd.
United Parcel Service of America Inc.

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The report has segmented the market on the basis of Product Type, Distribution Channel, Packaging Type and Region.

Breakup by Supply Chain:

Cold Chain
Non-Cold Chain

Breakup by Service Type:

Transportation
- Air Freight
- Sea Freight
- Overland
Warehousing and Storage
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

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