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Europe Reefer Container for Pharmaceutical Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Application Type (Pharmaceutical Preparations, Injectables, Blood Derivatives, Vaccine & Serum, and Others), and Container Size (Small, Medium, and Large)
- Report Code : BMIRE00027667
- Pages : 115
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.
TABLE OF CONTENTS
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
LIST OF TABLES
Table 1. Europe Reefer Container for Pharmaceutical Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. Europe Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 – By Application Type (US$ million)
Table 3. Europe Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 – By Container Size (US$ million)
Table 4. Europe Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 5. Germany Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Application Type (US$ million)
Table 6. Germany Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Container Size (US$ million)
Table 7. France Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Application Type (US$ million)
Table 8. France Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Container Size (US$ million)
Table 9. Italy Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Application Type (US$ million)
Table 10. Italy Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Container Size (US$ million)
Table 11. UK Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Application Type (US$ million)
Table 12. UK Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Container Size (US$ million)
Table 13. Russia Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Application Type (US$ million)
Table 14. Russia Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Container Size (US$ million)
Table 15. Rest of Europe Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Application Type (US$ million)
Table 16. Rest of Europe Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 – By Container Size (US$ million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Reefer Container for Pharmaceutical Market Segmentation
Figure 2. Europe Reefer Container for Pharmaceutical Market Segmentation – Country
Figure 3. Europe Reefer Container for Pharmaceutical Market Overview
Figure 4. Europe Reefer Container for Pharmaceutical Market, By Application Type
Figure 5. Europe Reefer Container for Pharmaceutical Market, By Country
Figure 6. Europe: PEST Analysis
Figure 7. Europe Reefer Container for Pharmaceutical Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Europe Reefer Container for Pharmaceutical Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Reefer Container for Pharmaceutical Market, Forecast and Analysis (US$ Million)
Figure 11. Europe Reefer Container for Pharmaceutical Market Breakdown, By Application Type, 2021 & 2028 (%)
Figure 12. Europe Pharmaceutical Preparations: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Injectables: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Blood Derivatives: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Vaccine and Serum: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Others: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Reefer Container for Pharmaceutical Market Breakdown, By Container Size, 2021 & 2028 (%)
Figure 18. Europe Small Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Medium Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Large Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
Figure 22. Europe Reefer Container for Pharmaceutical Market Breakdown, by Country, 2021 & 2028(%)
Figure 23. Germany Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
Figure 24. France Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
Figure 25. Italy Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
Figure 26. UK Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
Figure 27. Russia Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
Figure 28. Rest of Europe Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
● 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.
● 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 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.
● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
● BSL REFRIGERATED CONTAINERS
● CMA CGM Group
● Klinge Corporation
● DAIKIN INDUSTRIES, Ltd.
● Maersk Container Industry AS
● Evergreen Marine Corp. (Taiwan) Ltd.
● Seaco
● COSCO Shipping
At 13.7% CAGR, the Europe Reefer Container for Pharmaceutical Market is speculated to be worth US$ 1,563.68 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Europe reefer container for pharmaceutical market was valued at US$ 723.77 million in 2022 and is expected to reach US$ 1,563.68 million by 2028, registering a CAGR of 13.7% from 2022 to 2028. Rising preference for maritime trade over airborne trade and increasing demand for pharmaceutical products are the critical factors attributed to the market expansion.
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 to Europe. 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.
On the contrary, operational and financial challenges associated with reefer containers hampers Europe reefer container for pharmaceutical market.
Based on application type, the market is segmented into pharmaceutical preparations, injectables blood derivatives, vaccine & serum, and others. The pharmaceutical preparations segment held 33.23% market share in 2022, amassing US$ 240.52 million. It is projected to garner US$ 483.01 million by 2028 to expand at 12.3% CAGR during 2022–2028.
Based on container size, the market is segmented into small, medium, and large. The small segment held 61.02% market share in 2022, amassing US$ 441.67 million. It is projected to garner US$ 842.47 million by 2028 to expand at 11.4% CAGR during 2022–2028.
Based on country, the Europe reefer container for pharmaceutical market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 33.50% market share in 2022. It was assessed at US$ 242.46 million in 2022 and is likely to hit US$ 540.68 million by 2028, exhibiting a CAGR of 14.3% during the forecast period.
Key players dominating the Europe reefer container for pharmaceutical market are BSL REFRIGERATED CONTAINERS; CMA CGM Group; Klinge Corporation; DAIKIN INDUSTRIES, Ltd.; Maersk Container Industry AS; Evergreen Marine Corp. (Taiwan) Ltd.; Seaco; and COSCO Shipping.
In 2017, Klinge Corporation has launched their new website to better showcase their freezer and refrigeration containers. The website is used as a platform to provide industry specific solutions to the customers. In 2022, Ember Technologies and Cardinal Health partnered for providing self-refrigerated, cloud-based shipping box named Ember Cube. Both the companies are collaborating for delivering cold chain solution to facilitate the temperature-sensitive medicines transportation.
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