Middle East & Africa Reefer Container for Pharmaceutical Market Forecast to 2028

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)

Report Code : BMIRE00027669 | Region : LAMEA | Industry : Automotive and Transportation | Published Date : 19/Dec/2022

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.

At 7.7% CAGR, the Middle East & Africa Reefer Container for Pharmaceutical Market is speculated to be worth US$ 446.47 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Middle East & Africa reefer container for pharmaceutical market was valued at US$ 286.66 million in 2022 and is expected to reach US$ 446.47 million by 2028, registering a CAGR of 7.7% 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 across Middle East & Africa. 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 market Middle East & Africa 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 32.63% market share in 2022, amassing US$ 93.54 million. It is projected to garner US$ 167.84 million by 2028 to expand at 10.2% CAGR during 2022–2028.

Based on container size, the market is segmented into small, medium, and large. The small segment held 52.07% market share in 2022, amassing US$ 149.26 million. It is projected to garner US$ 245.66 million by 2028 to expand at 8.7% CAGR during 2022–2028.

Based on country, the Middle East & Africa reefer container for pharmaceutical market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 36.00% market share in 2022. It was assessed at US$ 103.20 million in 2022 and is likely to hit US$ 176.26 million by 2028, exhibiting a CAGR of 9.3% during the forecast period.

Key players dominating the Middle East & Africa reefer container for pharmaceutical market are BSL REFRIGERATED CONTAINERS; CMA CGM Group; Klinge Corporation; DAIKIN INDUSTRIES, Ltd.; Maersk Container Industry AS; 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.

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)

● BSL REFRIGERATED CONTAINERS

● CMA CGM Group

● Klinge Corporation

● DAIKIN INDUSTRIES, Ltd.

● Maersk Container Industry AS

● Seaco

● COSCO Shipping

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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.

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