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's 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
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. Thepharmaceutical preparations segment held the largest market share in 2022.
- Based on container size, the market is segmented intosmall, 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.
Table of Contents
1. Introduction1.1 Study Scope
1.2 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 Publisher
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)
Companies Mentioned
- BSL REFRIGERATED CONTAINERS
- CMA CGM Group
- Klinge Corporation
- DAIKIN INDUSTRIES, Ltd.
- Maersk Container Industry AS
- Evergreen Marine Corp. (Taiwan) Ltd.
- Seaco
- COSCO Shipping
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 115 |
| Published | December 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 723.77 Million |
| Forecasted Market Value ( USD | $ 1563.68 Million |
| Compound Annual Growth Rate | 13.7% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 8 |
