Europe Reefer Container for Pharmaceutical Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Application Type, and Container Size

Description

List of Tables

The reefer container for pharmaceutical market in Europe is expected to grow from US$ 723.77 million in 2022 to US$ 1,563.68 million by 2028. It is estimated to grow at a CAGR of 13.7% from 2022 to 2028.

Rising Preference for Maritime Trade over Airborne Trade

The demand for pharmaceutical products was increasing across the region at faster rate, owing to increasing number of geriatric populations, growing spending in pharmaceutical products, changing lifestyle leading to obesity, diabetes, and other costly health conditions, and increasing investment in R&D capabilities. Also, the emergence of the COVID-19 pandemic has fuelled the demand for more pharmaceutical products which is emerges the need for transportation activities for reaching the consumer accelerating the demand for reefer container which helps drive the market growth over the forecast period. The increased R&D in the pharmaceutical companies has consequently increased the number of vaccines and other drugs synthesized which needs to be stored at appropriate temperatures to maintain viability. The pharmaceutical products require specific storage and transportation conditions for successful reach to consumer which is emerging the need for reefer containers fuelling the market growth. Most pharmaceutical products are temperature-sensitive, therefore are required to be stored and transported under a controlled environment, in order to maintain their efficacy and safety. As per the IQVIA Institute for Human Data Science, in July 2019, the biopharma industry loses approximately US$35 billion per year owing to failures in temperature-controlled logistics. Such incidents have created a need for proper temperature-controlled transportation methods, such as reefer containers, in order to prevent shipment losses. With the improvement in reefer containers' technology and a decrease in the cost of shipping, several pharmaceutical players have started trading overseas to gain higher revenue which is further aiding the market growth over the projected timeframe. The aging population, the virus outbreaks across the region and the sharp rise in pharmaceutical manufacturing, in particular is expected to accelerate in many developing markets and drive demand for pharmaceutical products. Thus, increasing demand from such end-users is propelling the need for the pharmaceutical products which is further strengthening the reefer containers for transportation and logistics which helps drive the market growth over the forecast period.

Market Overview

Germany, France, the UK, and Italy are among the major economies in Europe. Most medicines are temperature sensitive, so they must be stored and transported in a controlled environment to ensure their effectiveness and safety. An increasing number of accidents and incidents have created a need for proper temperature-controlled transportation methods, such as reefer containers, to reduce shipping losses. With the development of refrigerated container technology and decreasing shipping costs, several pharmaceutical companies have started trading overseas for increased revenue. The Europe maritime shipment sector is seeing a demand for shipment transportation through waterways. Cargo ships are much less high-priced than avenue and air transits for transporting commodities. Ships can transport more items from one place to another in a shorter quantity of time. According to IIR With over 80% of world business trade dealt with via sea, maritime shipping is the backbone of worldwide change and Globalization. The European Commission conducts an ongoing communication with all the EU's transport and buying and selling companions across the region, consisting of the US, China, India, Japan, and Russia, to reinforce the worldwide seaborne change system's stability. Bilateral agreements and talks are vital gear for resolving issues, eliminating obstacles to worldwide marine change, and promoting great shipping ideals throughout the world.

Europe Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)

Europe Reefer Container for Pharmaceutical Market Segmentation

The Europe reefer container for pharmaceutical market is segmented into application type, container size, and country.

Based on application, the market is segmented into pharmaceutical preparations, injectables blood derivatives, vaccine & serum, and others. The pharmaceutical preparations segment held the largest market share in 2022.

Based on container size, the market is segmented into small, medium, and large. The small segment held the largest market share in 2022.

Based on country, the market is segmented into Germany, France, Italy, the U.K, Russia, and the Rest of Europe. Germany dominated the market share in 2022.

BSL REFRIGERATED CONTAINERS; CMA CGM Group; Klinge Corporation; DAIKIN INDUSTRIES, Ltd.; Maersk Container Industry AS; Evergreen Marine Corp. (Taiwan) Ltd.; Seaco; and COSCO Shipping are the leading companies operating in the reefer container for pharmaceutical market in the region.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe reefer container for pharmaceutical market.
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The key findings and recommendations highlight crucial progressive industry trends in Europe reefer container for pharmaceutical market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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Product Code: BMIRE00027667

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Europe Reefer Container for Pharmaceutical Market - By Application Type
- 1.3.2 Europe Reefer Container for Pharmaceutical Market - By Container Size
- 1.3.3 Europe Reefer Container for Pharmaceutical Market - By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe Reefer Container for Pharmaceutical Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Europe Reefer Container for Pharmaceutical Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Preference for Maritime Trade over Airborne Trade
- 5.1.2 Increasing Demand for Pharmaceutical Products Drives the Market Growth
5.2 Key Market Restraints
- 5.2.1 Operational and Financial Challenges Associated with Reefer Containers may hamper the growth of the market
5.3 Key Market Opportunities
- 5.3.1 Developments in cold chain sector present lucrative opportunities holds potential opportunity for growth of the market
5.4 Trends
- 5.4.1 Smart reefer containers gain demand
5.5 Impact analysis of Drivers and Restraints

6. Reefer Container for Pharmaceutical Market - Europe Market Analysis

6.1 Reefer Container for Pharmaceutical Market Europe Overview
6.2 Europe Reefer Container for Pharmaceutical Market Forecast and Analysis

7. Europe Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 - Application Type

7.1 Overview
7.2 Europe Reefer Container for Pharmaceutical Market, By Application Type (2021 And 2028)
7.3 Pharmaceutical Preparations
- 7.3.1 Overview
- 7.3.2 Europe Pharmaceutical Preparations: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.4 Injectables
- 7.4.1 Overview
- 7.4.2 Europe Injectables: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.5 Blood Derivatives
- 7.5.1 Overview
- 7.5.2 Europe Blood Derivatives: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.6 Vaccine and Serum
- 7.6.1 Overview
- 7.6.2 Europe Vaccine and Serum: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Europe Others: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)

8. Europe Reefer Container for Pharmaceutical Market Analysis - By Container Size

8.1 Overview
8.2 Europe Reefer Container for Pharmaceutical Market, By Container Size (2021 And 2028)
8.3 Small Containers
- 8.3.1 Overview
- 8.3.2 Europe Small Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
8.4 Medium Containers
- 8.4.1 Overview
- 8.4.2 Europe Medium Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
8.5 Large Containers
- 8.5.1 Overview
- 8.5.2 Europe Large Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)

9. Europe Reefer Container for Pharmaceutical Market - Country Analysis

9.1 Europe: Reefer Container for Pharmaceutical Market
- 9.1.1 Overview
- 9.1.2 Europe Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ million)
- 9.1.3 Europe Reefer Container for Pharmaceutical Market Breakdown, by Country
  - 9.1.3.1 Germany Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
    - 9.1.3.1.1 Germany Reefer Container for Pharmaceutical Market Breakdown, By Application Type
    - 9.1.3.1.2 Germany Reefer Container for Pharmaceutical Market Breakdown, By Container Size
  - 9.1.3.2 France Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
    - 9.1.3.2.1 France Reefer Container for Pharmaceutical Market Breakdown, By Application Type
    - 9.1.3.2.2 France Reefer Container for Pharmaceutical Market Breakdown, By Container Size
  - 9.1.3.3 Italy Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
    - 9.1.3.3.1 Italy Reefer Container for Pharmaceutical Market Breakdown, By Application Type
    - 9.1.3.3.2 Italy Reefer Container for Pharmaceutical Market Breakdown, By Container Size
  - 9.1.3.4 UK Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
    - 9.1.3.4.1 UK Reefer Container for Pharmaceutical Market Breakdown, By Application Type
    - 9.1.3.4.2 UK Reefer Container for Pharmaceutical Market Breakdown, By Container Size
  - 9.1.3.5 Russia Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
    - 9.1.3.5.1 Russia Reefer Container for Pharmaceutical Market Breakdown, By Application Type
    - 9.1.3.5.2 Russia Reefer Container for Pharmaceutical Market Breakdown, By Container Size
  - 9.1.3.6 Rest of Europe Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
    - 9.1.3.6.1 Rest of Europe Reefer Container for Pharmaceutical Market Breakdown, By Application Type
    - 9.1.3.6.2 Rest of Europe Reefer Container for Pharmaceutical Market Breakdown, By Container Size

10. Industry Landscape

10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development

11. Company Profiles

11.1 BSL REFRIGERATED CONTAINERS
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 CMA CGM Group
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Klinge Corporation
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 DAIKIN INDUSTRIES, Ltd.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Maersk Container Industry AS
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Evergreen Marine Corp. (Taiwan) Ltd.
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Seaco
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 COSCO Shipping
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Word Index