North America 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 North America is expected to grow from US$ 566.28 million in 2022 to US$ 1,086.87 million by 2028. It is estimated to grow at a CAGR of 11.5% from 2022 to 2028.

Rising Preference for Maritime Trade over Airborne Trade

The maritime transport is used to transport for large volumes in a single container ship which can handle 20,000 twenty-foot equivalent units. It is one of the greenest and most environmentally safe way to move cargo. The ocean cargo involves linear shipping, it is the most economical way of transporting goods North America. Thus, maritime transportation being a cost-efficient solution is preferred at a wide scale over airborne trade. The growth prospects in maritime trading activities owing to rise in demand for pharmaceutical products drives the market outlook over the forecast period. All major trading economies had witnessed an imports and exports rise above pre-pandemic levels in the fourth quarter of 2021, with trading activities in increasing more strongly in the developing countries than in developed economy. Thus, increasing seaborne trading activities helped businesses to get recovered in 2021 upon relaxation of national lockdowns, availability of vaccines and other measures to contain the spread of the virus began in many countries. Thus, such growth prospects in adopting the maritime transportation are anticipated to drive the demand for reefer container market over the forecast period.

Market Overview

The US, Canada, and Mexico are among the major economies in North America. The main factors responsible for the growth of the North America reefer container for pharmaceutical market include the increase in the number of trade routes, increased demand for pharmaceutical drugs, the expansion of the e-commerce industry, and the advent of real-time tracking technology. The pharmaceutical industry is expected to register the highest CAGR during the forecast period, which is attributed to the increasing demand for biologics, cell therapies, vaccines, and blood that require temperature-controlled containers for storage and transportation. Expanded polystyrene (EPS) containers are one of the most commonly used insulated shipping containers in the pharmaceutical industry. EPS coolers are thermally isolating, lightweight, cost-effective, and offer several other advantages. Over 100 counties, including New York, Portland, Washington DC, and Los Angeles, have banned polystyrene foam products due to their environmental impact and nonbiodegradability. The temperature of medicines varies rapidly depending on the environment in which they are placed. As a result of these differences, the use of insulated shipping containers is driving the reefer container for pharmaceutical market growth in North America. Thus, the growing expansions of manufacturers of reefer containers for pharmaceuticals are boosting the reefer container for pharmaceutical market growth in North America.

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

North America Reefer Container for Pharmaceutical Market Segmentation

The North America 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 the US, Canada, and Mexico. The US 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; TITAN Containers A/S; COSCO Shipping; and W&K Containers, Inc. are the leading companies operating in the reefer container for pharmaceutical market in the region.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America reefer container for pharmaceutical market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in North America 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 North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Product Code: BMIRE00027671

1. Introduction

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

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

5. North America 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 - North America Market Analysis

6.1 Reefer Container for Pharmaceutical Market North America Overview
6.2 North America Reefer Container for Pharmaceutical Market Forecast and Analysis

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

7.1 Overview
7.2 North America Reefer Container for Pharmaceutical Market, By Application Type (2021 And 2028)
7.3 Pharmaceutical Preparations
- 7.3.1 Overview
- 7.3.2 North America Pharmaceutical Preparations: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.4 Injectables
- 7.4.1 Overview
- 7.4.2 North America Injectables: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.5 Blood Derivatives
- 7.5.1 Overview
- 7.5.2 North America 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 North America 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 North America Others: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)

8. North America Reefer Container for Pharmaceutical Market Analysis - By Container Size

8.1 Overview
8.2 North America Reefer Container for Pharmaceutical Market, By Container Size (2021 And 2028)
8.3 Small Containers
- 8.3.1 Overview
- 8.3.2 North America 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 North America 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 North America Large Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)

9. North America Reefer Container for Pharmaceutical Market - Country Analysis

9.1 North America: Reefer Containers
- 9.1.1 North America: Reefer Containers - Revenue, and Forecast to 2028 (US$ Million)
- 9.1.2 North America Reefer Container for Pharmaceutical Market Breakdown, by Country
  - 9.1.2.1 US Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
    - 9.1.2.1.1 US Reefer Container for Pharmaceutical Market Breakdown, By Application Type
    - 9.1.2.1.2 US Reefer Container for Pharmaceutical Market Breakdown, By Container Size
  - 9.1.2.2 Canada Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
    - 9.1.2.2.1 Canada Reefer Container for Pharmaceutical Market Breakdown, By Application Type
    - 9.1.2.2.2 Canada Reefer Container for Pharmaceutical Market Breakdown, By Container Size
  - 9.1.2.3 Mexico Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
    - 9.1.2.3.1 Mexico Reefer Container for Pharmaceutical Market Breakdown, By Application Type
    - 9.1.2.3.2 Mexico 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 TITAN Containers A/S
- 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
11.9 COSCO Shipping
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
11.10 W&K Containers, Inc.
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Word Index