The reefer container for pharmaceutical market in Asia Pacific is expected to grow from US$ 1,168.27 million in 2022 to US$ 2,773.10 million by 2028. It is estimated to grow at a CAGR of 15.5% from 2022 to 2028.
Rising Preference for Maritime Trade over Airborne Trade
The growing focus in using advanced technology in supply chain within the pharmaceutical industry is evolving with finding new ways to ensure it delivers medical products safely to their intended destination. The development of cold chain for the pharmaceutical industry is focused on control tower technology packaging automation, artificial intelligence, and other technologies. In recent years, ongoing advances in the development and dissemination of temperature-sensitive pharmaceutical products ; ranging from the biologic therapies to treat rare and chronic diseases, COVID-19 vaccine and vaccines for other infectious diseases, novel oncology treatments and cell and gene (CGT) therapies, have created more complex cold-chain requirements than ever before. As per the latest estimates, in August 2022, India'ss cold storage capacity is likely to reach 40.7 million metric tons by 2023, rising 8.2% from 2020, which creates potential opportunities in Indian cold chain assets which helps drive the market growth. Also, as per public stats, the cold chain sector is expected to grow at more than 20% CAGR by 2025 which is attributed to enable the shift from conventional cold storage to modern storage spaces. In August 2022, AP Maersk Company had announced a new cold storage facility planned for Ridgeville, South Carolina to serve temperature-controlled goods, which is expected to get in operation from first quarter of 2023. China has huge consumer demand for pharmaceutical products for various chronic diseases which is emerging the need for advanced cold chain sector. The Chinese government at all levels are augmenting the investments in cold chain infrastructure, facilitating enlargement of cold chain logistics. For instance, in June 2022, as per the National Development and Reform Commission, China had allocated US$207.35 million to support cold chain and national logistics hub construction. Also, in December 2021, the National Development and Reform Commission China had planned to set up about 100 national backbone cold-chain logistics bases during the 14th Five-Year Plan period (2021-2025). Thus, such increasing investment in cold chain sector coupled with ongoing adoption and upcoming advancements in cold chain technology is holding potential opportunity accelerating the market dynamics which is likely to drive the market outlook over the forecast period.Market Overview
Asia Pacific Reefer Container for Pharmaceutical Market Segmentation
The Asia Pacific reefer container for pharmaceutical market is segmented into by application type, container size, and country.- Based on application, the market is segmented intopharmaceutical preparations ,injectablesblood 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 Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China 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 Asia Pacific Reefer Container for Pharmaceutical Market - By Application Type
1.3.2 Asia Pacific Reefer Container for Pharmaceutical Market - By Container Size
1.3.3 Asia Pacific 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. Asia Pacific Reefer Container for Pharmaceutical Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific 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 - Asia Pacific Market Analysis
6.1 Reefer Container for Pharmaceutical Market Asia Pacific Overview
6.2 Asia Pacific Reefer Container for Pharmaceutical Market Forecast and Analysis
7. Asia Pacific Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 - Application Type
7.1 Overview
7.2 Asia Pacific Reefer Container for Pharmaceutical Market, By Application Type (2021 And 2028)
7.3 Pharmaceutical Preparations
7.3.1 Overview
7.3.2 Asia Pacific Pharmaceutical Preparations: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.4 Injectables
7.4.1 Overview
7.4.2 Asia Pacific Injectables: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.5 Blood Derivatives
7.5.1 Overview
7.5.2 Asia Pacific 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 Asia Pacific 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 Asia Pacific Others: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
8. Asia Pacific Reefer Container for Pharmaceutical Market Analysis - By Container Size
8.1 Overview
8.2 Asia Pacific Reefer Container for Pharmaceutical Market, By Container Size (2021 And 2028)
8.3 Small Containers
8.3.1 Overview
8.3.2 Asia Pacific 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 Asia Pacific 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 Asia Pacific Large Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
9. Asia Pacific Reefer Container for Pharmaceutical Market - Country Analysis
9.1 APAC: Reefer Container for Pharmaceutical Market
9.1.1 Overview
9.1.2 APAC Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3 APAC Reefer Container for Pharmaceutical Market Breakdown, by Country
9.1.3.1 Australia Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3.1.1 Australia Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.3.1.2 Australia Reefer Container for Pharmaceutical Market Breakdown, By Container Size
9.1.3.2 China Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3.2.1 China Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.3.2.2 China Reefer Container for Pharmaceutical Market Breakdown, By Container Size
9.1.3.3 India Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3.3.1 India Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.3.3.2 India Reefer Container for Pharmaceutical Market Breakdown, By Container Size
9.1.3.4 Japan Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3.4.1 Japan Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.3.4.2 Japan Reefer Container for Pharmaceutical Market Breakdown, By Container Size
9.1.3.5 South Korea Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3.5.1 South Korea Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.3.5.2 South Korea Reefer Container for Pharmaceutical Market Breakdown, By Container Size
9.1.3.6 Rest of APAC Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3.6.1 Rest of APAC Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.3.6.2 Rest of APAC 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. Asia Pacific Reefer Container for Pharmaceutical Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. APAC Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 - By Application Type (US$ million)
Table 3. APAC Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 - By Container Size (US$ million)
Table 4. APAC Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 - By Country (US$ million)
Table 5. Australia Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 6. Australia Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 7. China Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 8. China Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 9. India Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 10. India Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 11. Japan Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 12. Japan Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 13. South Korea Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 14. South Korea Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 15. Rest of APAC Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 16. Rest of APAC 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. Asia Pacific Reefer Container for Pharmaceutical Market Segmentation
Figure 2. Asia Pacific Reefer Container for Pharmaceutical Market Segmentation - Country
Figure 3. Asia Pacific Reefer Container for Pharmaceutical Market Overview
Figure 4. Asia Pacific Reefer Container for Pharmaceutical Market, By Application Type
Figure 5. Asia Pacific Reefer Container for Pharmaceutical Market, By Country
Figure 6. APAC: PEST Analysis
Figure 7. Asia Pacific Reefer Container for Pharmaceutical Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Asia Pacific Reefer Container for Pharmaceutical Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Reefer Container for Pharmaceutical Market, Forecast and Analysis (US$ Million)
Figure 11. APAC Reefer Container for Pharmaceutical Market Breakdown, By Application Type, 2021 & 2028 (%)
Figure 12. Asia Pacific Pharmaceutical Preparations: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Asia Pacific Injectables: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Asia Pacific Blood Derivatives: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Asia Pacific Vaccine and Serum: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Asia Pacific Others: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Reefer Container for Pharmaceutical Market Breakdown, By Container Size, 2021 & 2028 (%)
Figure 18. Asia Pacific Small Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Asia Pacific Medium Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific Large Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
Figure 22. APAC Reefer Container for Pharmaceutical Market Breakdown, by Country, 2021 & 2028 (%)
Figure 23. Australia Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
Figure 24. China Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
Figure 25. India Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
Figure 26. Japan Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
Figure 27. South Korea Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
Figure 28. Rest of APAC 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 | 116 |
| Published | December 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1168.27 Million |
| Forecasted Market Value ( USD | $ 2773.1 Million |
| Compound Annual Growth Rate | 15.5% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 8 |
