Global Biopharma Chain Packaging Industry Overview
Logistics is a major component in the biopharmaceutical supply chain. In recent times, a changing business environment and a supply chain, which is outlined with much more complexity, have fueled the demand for a more exact and targeted approach to temperature control. Globally, nations are strengthening their regulations to ensure assured and reliable transportation of pharmaceutical shipments. This has compelled main players to explore novel technologies to keep up with international standards. For example, the European Union (EU) is concentrating on developing good distribution practices (GDP) guidelines.
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In this scenario, companies in the region are revamping their technological and regulatory expertise. Beside these developments, investments in biopharmaceutical logistics have substantially increased, giving the market a significant impetus. The global biopharma chain packaging market is expected to grow at a CAGR of XX% during the forecast period and [predicted to reach USD XX billion by 2022 from USD XX billion in 2017.
Drivers and Restraints:
Strict regulations on biopharma product packaging and increased demand for single-use disposable products are the main drivers promoting for the development of Biopharma market. However, there are some restraints which are blocking the growth of the market like, inefficient product-labeling process and availability of counterfeit products. In terms of challenges as the global market for clinical trials expands, there are a few hurdles that manufacturers need to be aware of and clear to make shipment arrive in exact state, at the correct temperature, and at the correct time.
Regionally, the market is domineered and led by North America and Europe. These nations have many exports and imports for biopharmaceuticals, and are the first ones to introduce innovative technologies for the development of transportation and warehousing in the supply chain. Manufacturers and logistics partners need to be responsive and intelligent in responding to changes and navigate through geopolitical restraints to maintain a superior clinical and commercial supply chain. Furthermore, in developing nations, costly biopharmaceuticals are wasted due to the lack of emphasis on cold chain supply, which must be overcome to further propel market growth.
Some of the major companies dominating this market are FedEx Corporation, Ceva Logistics LLC, Amerisource Bergen Corporation, Panalpina Group, Kuehne + Nagel International AG, XPO Logistics, Inc., United Parcel Service, Inc., Deutsche Post DHL Group, DB Schenker and C.H. Robinson Worldwide, Inc.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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