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North America 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 109 Pages I The Insight Partners
The reefer container for pharmaceutical market in North America is expected to grow from US$ 566.28 million in 2022 to US$ 1,086.87 million by 2028. It is estimated to grow at a CAGR of 11.5% from 2022 to 2028.
Rising Preference for Maritime Trade over Airborne Trade
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 North America. 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.
Market Overview
The US, Canada, and Mexico are among the major economies in North America. The main factors responsible for the growth of the North America reefer container for pharmaceutical market include the increase in the number of trade routes, increased demand for pharmaceutical drugs, the expansion of the e-commerce industry, and the advent of real-time tracking technology. The pharmaceutical industry is expected to register the highest CAGR during the forecast period, which is attributed to the increasing demand for biologics, cell therapies, vaccines, and blood that require temperature-controlled containers for storage and transportation. Expanded polystyrene (EPS) containers are one of the most commonly used insulated shipping containers in the pharmaceutical industry. EPS coolers are thermally isolating, lightweight, cost-effective, and offer several other advantages. Over 100 counties, including New York, Portland, Washington DC, and Los Angeles, have banned polystyrene foam products due to their environmental impact and nonbiodegradability. The temperature of medicines varies rapidly depending on the environment in which they are placed. As a result of these differences, the use of insulated shipping containers is driving the reefer container for pharmaceutical market growth in North America. Thus, the growing expansions of manufacturers of reefer containers for pharmaceuticals are boosting the reefer container for pharmaceutical market growth in North America.
North America Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
North America Reefer Container for Pharmaceutical Market Segmentation
The North America 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 the US, Canada, and Mexico. The US 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; TITAN Containers A/S; COSCO Shipping; and W&K Containers, Inc. 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 North America Reefer Container for Pharmaceutical Market - By Application Type
1.3.2 North America Reefer Container for Pharmaceutical Market - By Container Size
1.3.3 North America 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. North America Reefer Container for Pharmaceutical Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America 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 - North America Market Analysis
6.1 Reefer Container for Pharmaceutical Market North America Overview
6.2 North America Reefer Container for Pharmaceutical Market Forecast and Analysis
7. North America Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 - Application Type
7.1 Overview
7.2 North America Reefer Container for Pharmaceutical Market, By Application Type (2021 And 2028)
7.3 Pharmaceutical Preparations
7.3.1 Overview
7.3.2 North America Pharmaceutical Preparations: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.4 Injectables
7.4.1 Overview
7.4.2 North America Injectables: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
7.5 Blood Derivatives
7.5.1 Overview
7.5.2 North America 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 North America 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 North America Others: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
8. North America Reefer Container for Pharmaceutical Market Analysis - By Container Size
8.1 Overview
8.2 North America Reefer Container for Pharmaceutical Market, By Container Size (2021 And 2028)
8.3 Small Containers
8.3.1 Overview
8.3.2 North America 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 North America 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 North America Large Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast To 2028 (US$ Million)
9. North America Reefer Container for Pharmaceutical Market - Country Analysis
9.1 North America: Reefer Containers
9.1.1 North America: Reefer Containers - Revenue, and Forecast to 2028 (US$ Million)
9.1.2 North America Reefer Container for Pharmaceutical Market Breakdown, by Country
9.1.2.1 US Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
9.1.2.1.1 US Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.2.1.2 US Reefer Container for Pharmaceutical Market Breakdown, By Container Size
9.1.2.2 Canada Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
9.1.2.2.1 Canada Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.2.2.2 Canada Reefer Container for Pharmaceutical Market Breakdown, By Container Size
9.1.2.3 Mexico Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028
9.1.2.3.1 Mexico Reefer Container for Pharmaceutical Market Breakdown, By Application Type
9.1.2.3.2 Mexico 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 TITAN Containers A/S
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
11.9 COSCO Shipping
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 W&K Containers, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. North America Reefer Container for Pharmaceutical Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. North America Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 - By Application Type (US$ million)
Table 3. North America Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 - By Container Size (US$ million)
Table 4. North America Reefer Container for Pharmaceutical Market, Revenue and Forecast To 2028 - By Country (US$ million)
Table 5. US Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 6. US Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 7. Canada Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Application Type (US$ million)
Table 8. Canada Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 9. Mexico Reefer Container for Pharmaceutical Market Breakdown, By Application Type
Table 10. Mexico Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 - By Container Size (US$ million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Reefer Container for Pharmaceutical Market Segmentation
Figure 2. North America Reefer Container for Pharmaceutical Market Segmentation - Country
Figure 3. North America Reefer Container for Pharmaceutical Market Overview
Figure 4. North America Reefer Container for Pharmaceutical Market, By Application Type
Figure 5. North America Reefer Container for Pharmaceutical Market, By Country
Figure 6. North America: PEST Analysis
Figure 7. North America Reefer Container for Pharmaceutical Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. North America Reefer Container for Pharmaceutical Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Reefer Container for Pharmaceutical Market, Forecast and Analysis (US$ Million)
Figure 11. North America Reefer Container for Pharmaceutical Market Breakdown, By Application Type, 2021 & 2028 (%)
Figure 12. North America Pharmaceutical Preparations: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Injectables: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Blood Derivatives: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Vaccine and Serum: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Others: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Reefer Container for Pharmaceutical Market Breakdown, By Container Size, 2021 & 2028 (%)
Figure 18. North America Small Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Medium Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Large Containers: Reefer Container for Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
Figure 22. North America Reefer Container for Pharmaceutical Market Breakdown, by Country, 2021 & 2028 (%)
Figure 23. US Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
Figure 24. Canada Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
Figure 25. Mexico Reefer Container for Pharmaceutical Market, Revenue and Forecast to 2028 (US$ million)
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