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Middle East & Africa 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)
Market Report I 2022-12-19 I 102 Pages I The Insight Partners
The reefer container for pharmaceutical market in Middle East & Africa is expected to grow from US$ 286.66 million in 2022 to US$ 446.47 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2022 to 2028.
Smart Reefer Containers Gain Demand
The ongoing developments in reefer containers is augmenting the efficiency and reliability of the reefer containers used in pharmaceutical industry. The increasing adoption of IoT connected devices by most of the shipping companies is one of the crucial trends which is expected to likely drive the market growth. This trend is gaining momentum, as a large amount of data is collected and transmitted during the entire transportation process, with the help of data various important insights can be extracted that may pinpoint the issues, mitigate the downtime, and procedures can be streamlined, thereby improving operational efficiency in the maritime industry. For instance, in February 2022, CMA CGM had introduced its SMART reefer container, which is a connected container for refrigerated goods. With the help of SMART reefer container, it enables to track the position and status of the refrigerated goods and ensure travel in optimal conditions. Also, in March 2022, ORBCOMM Inc., a Middle East & Africa provider of Internet of Things (IoT) solutions, had announced the launch of its CT 3500 IoT telematics device, the next evolution in smart management of refrigerated containers. The ORBCOMM's data-driven refrigerated container solution featured enhanced functionality, connectivity options, analytics capabilities and interoperability with third-party telematics devices to help shippers and carriers to drive efficiencies in reefer container logistics. Thus, smart reefer containers are showing a positive acceptance among the reefer containers manufacturers which is fuelling the market growth over the projected timeframe.
Market Overview
The Reefer Container for Pharmaceutical market in the MEA is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The region's growth has been attributed to the increasing number of commercial operations in the region, increasing trade in perishable refrigerated cargo at sea and rapid technological advances in fleet management to increase productivity and reduce costs. Furthermore, most of the countries in the region are home to multiple seaports and river ports, further driving the market growth. Increasing international trade and the development of easy-navigation technology have fuelled the growth of the reefer containers in the Middle East market. This presents an opportunity for growth to propel the reefer container for pharmaceutical market.
Middle East & Africa Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Reefer Container for Pharmaceutical Market Segmentation
The Middle East & Africa reefer container for pharmaceutical market is segmented into by 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 South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the market share in 2022.
BSL REFRIGERATED CONTAINERS; CMA CGM Group; Klinge Corporation; DAIKIN INDUSTRIES, Ltd.; Maersk Container Industry AS; 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 Middle East & Africa Reefer Container for Pharmaceutical Market - By Application Type
1.3.2 Middle East & Africa Reefer Container for Pharmaceutical Market - By Container Size
1.3.3 Middle East & Africa 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. Middle East & Africa Reefer Container for Pharmaceutical Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 MEA
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East & Africa 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 - Middle East & Africa Market Analysis
6.1 Reefer Container for Pharmaceutical Market Middle East & Africa Overview
6.2 Middle East & Africa Reefer Container for Pharmaceutical Market Forecast and Analysis
7. Middle East & Africa Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 - Application Type
7.1 Overview
7.2 Middle East & Africa Reefer Container for Pharmaceutical Market, By Application Type (2021 And 2028)
7.3 Pharmaceutical Preparations
7.3.1 Overview
7.3.2 Middle East & Africa Pharmaceutical Preparations: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.4 Injectables
7.4.1 Overview
7.4.2 Middle East & Africa Injectables: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.5 Blood Derivatives
7.5.1 Overview
7.5.2 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa Others: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
8. Middle East & Africa Reefer Container for Pharmaceutical Market Analysis - By Container Size
8.1 Overview
8.2 Middle East & Africa Reefer Container for Pharmaceutical Market, By Container Size (2021 And 2028)
8.3 Small Containers
8.3.1 Overview
8.3.2 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa Large Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
9. Middle East & Africa Reefer Container for Pharmaceutical Market - Country Analysis
9.1 MEA: Reefer Container for Pharmaceutical Market
9.1.1 Overview
9.1.2 MEA Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3 MEA Reefer Container for Pharmaceutical Market Breakdown, By Country
9.1.3.1 Saudi Arabia Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3.1.1 Saudi Arabia Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.3.1.2 Saudi Arabia Reefer Container for Pharmaceutical Market Breakdown, By Container Size
9.1.3.2 UAE Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3.2.1 UAE Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.3.2.2 UAE Reefer Container for Pharmaceutical Market Breakdown, By Container Size
9.1.3.3 South Africa Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3.3.1 South Africa Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.3.3.2 South Africa Reefer Container for Pharmaceutical Market Breakdown, By Container Size
9.1.3.4 Rest of MEA Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
9.1.3.4.1 Rest of MEA Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.3.4.2 Rest of MEA 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 Seaco
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 COSCO Shipping
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
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Reefer Container for Pharmaceutical Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. MEA Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 - By Application Type (US$ million)
Table 3. MEA Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 - By Container Size (US$ million)
Table 4. MEA Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Country (US$ million)
Table 5. Saudi Arabia Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 6. Saudi Arabia Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 7. UAE Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 8. UAE Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 9. South Africa Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 10. South Africa Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 11. Rest of MEA Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 12. Rest of MEA Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 13. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Reefer Container for Pharmaceutical Market Segmentation
Figure 2. Middle East & Africa Reefer Container for Pharmaceutical Market Segmentation - Country
Figure 3. Middle East & Africa Reefer Container for Pharmaceutical Market Overview
Figure 4. Middle East & Africa Reefer Container for Pharmaceutical Market, By Application Type
Figure 5. Middle East & Africa Reefer Container for Pharmaceutical Market, By Country
Figure 6. MEA: PEST Analysis
Figure 7. Middle East & Africa Reefer Container for Pharmaceutical Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Reefer Container for Pharmaceutical Market: Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Reefer Container for Pharmaceutical Market, Forecast and Analysis (US$ Million)
Figure 11. MEA Reefer Container for Pharmaceutical Market Breakdown, By Application Type, 2021 & 2028 (%)
Figure 12. Middle East & Africa Pharmaceutical Preparations: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Middle East & Africa Injectables: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Middle East & Africa Blood Derivatives: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Middle East & Africa Vaccine and Serum: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Middle East & Africa Others: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Reefer Container for Pharmaceutical Market Breakdown, By Container Size, 2021 & 2028 (%)
Figure 18. Middle East & Africa Small Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Middle East & Africa Medium Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Middle East & Africa Large Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
Figure 22. MEA Reefer Container for Pharmaceutical Market Breakdown, By Country, 2021 & 2028 (%)
Figure 23. Saudi Arabia Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
Figure 24. UAE Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
Figure 25. South Africa Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
Figure 26. Rest of MEA Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 (US$ million)
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