China Biopharmaceutical Third-party Logistics Market Size & Outlook
China biopharmaceutical third-party logistics market, 2018-2030 (US$M)
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China biopharmaceutical third-party logistics market highlights
- The China biopharmaceutical third-party logistics market generated a revenue of USD 5,131.8 million in 2023 and is expected to reach USD 8,770.1 million by 2030.
- The China market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, non-cold chain logistics was the largest revenue generating supplychain in 2023.
- Cold Chain Logistics is the most lucrative supplychain segment registering the fastest growth during the forecast period.
Biopharmaceutical third-party logistics market data book summary
| Market revenue in 2023 | USD 5,131.8 million |
| Market revenue in 2030 | USD 8,770.1 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Non-cold chain logistics |
| Fastest growing segment | Cold Chain Logistics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cold Chain Logistics, Non-cold Chain Logistics |
| Key market players worldwide | DHL Group, SF Express, United Parcel Service Inc Class B, AmerisourceBergen Drug Corporation, DB Schenker, Kuehne + Nagel International AG, Kerry Logistics Network Ltd, Agility |
Other key industry trends
- In terms of revenue, China accounted for 3.9% of the global biopharmaceutical third-party logistics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan biopharmaceutical third-party logistics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,770.1 million by 2030.
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Biopharmaceutical Third-party Logistics Market Scope
Biopharmaceutical Third-party Logistics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China biopharmaceutical third-party logistics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biopharmaceutical third-party logistics market will help companies and investors design strategic landscapes.
Non-cold chain logistics was the largest segment with a revenue share of 79.12% in 2023. Horizon Databook has segmented the China biopharmaceutical third-party logistics market based on cold chain logistics, non-cold chain logistics covering the revenue growth of each sub-segment from 2018 to 2030.
China biopharmaceutical third party logistics market accounted for 22.5% market share in 2020 in the Asia Pacific market. According to the World Bank, the Logistics Performance Index (LPI) score of China was 3.61 in 2018. China is a global manufacturing hub and has a massive transportation sector.
Government initiatives such as “Made in China 2025” are also expected to improve R&D investments in biopharmaceutical industry and, thus, propel the growth of third party logistics market. Around 28 companies are certified by the Chinese Ministry of Transport for distribution of COVID-19 vaccines.
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Target buyers of China biopharmaceutical third-party logistics market databook
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Our clientele includes a mix of biopharmaceutical third-party logistics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China biopharmaceutical third-party logistics market , including forecasts for subscribers. This country databook contains high-level insights into China biopharmaceutical third-party logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China biopharmaceutical third-party logistics market size, by supplychain, 2018-2030 (US$M)
China Biopharmaceutical Third-party Logistics Market Outlook Share, 2023 & 2030 (US$M)
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