Growth in the pharmaceutical sector, increase in demand from
the e-commerce industry, and surge in demand for reverse logistics
drive the growth of the global pharmaceutical warehousing
market.
PORTLAND, Ore., May 2, 2024
/PRNewswire/ -- Allied Market Research published a report, titled,
"Pharmaceutical Warehousing Market by Type (Cold Chain
Warehousing and Non-Cold Chain Warehousing) and Application
(Pharmaceutical Factory, Pharmacy, Hospital, and Others): Global
Opportunity Analysis and Industry Forecast, 2023-2032".
According to the report, the global pharmaceutical warehousing
market generated $24.80
billion in 2022, and is anticipated to generate $39.00 billion by 2032, witnessing a CAGR of 4.7%
from 2023 to 2032.
Prime Determinants of Growth
The global pharmaceutical warehousing market has experienced
significant growth and transformation, driven by a combination of
increase in demand from the e-commerce industry and surge in demand
for reverse logistics. Pharmaceutical warehousing provides optimal
storage for temperature, light & humidity sensitive
medications, thus allowing a seamless flow of medication to the end
user. Moreover, technological growth in the pharmaceutical industry
is likely to shape the industry's future, enhancing safety and
efficiency.
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Warehousing Market Forecast 2032
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- 117 - Tables
- 44 - Charts
- 197 – Pages
Report Coverage & Details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2022
|
Market Size in
2022
|
$24.80
billion
|
Market Size in
2032
|
$39.00
billion
|
CAGR
|
4.7 %
|
No. of Pages in
Report
|
197
|
Segments
Covered
|
Type, Application, and
Region.
|
Drivers
|
Growth in
pharmaceutical sector
|
Increase in demand from
the e-commerce industry
|
Surge in demand for
reverse logistics
|
Opportunities
|
Introduction of the
blockchain technology
|
Technological growth in
pharmaceutical warehousing
|
Restraints
|
Lack of standardization
in pharmaceutical warehousing
|
Poor infrastructure and
higher logistics costs
|
Procure Complete Report (197 Pages PDF with Insights, Charts,
Tables, and Figures)
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The cold chain warehousing segment to maintain its leadership
status throughout the forecast period
By type, the cold chain warehousing segment held the highest
market share in 2022, and is estimated to maintain its leadership
status throughout the forecast period 2023 to 2032 with the highest
CAGR of 5.0%, due to the growing emphasis on biotechnology &
personalized medicine and an increase in the development &
production of temperature-sensitive medications.
The others segment to maintain its leadership status
throughout the forecast period
By application, the others segment held the highest market share
in 2022 and is estimated to maintain its leadership status
throughout the forecast period owing to the increased sales of
pharmaceutical products through online channel mode resulting in
third party logistics and e-commerce companies spending more on
pharmaceutical warehousing. However, the pharmaceutical factory
segment is projected to manifest the highest CAGR of 4.9% due to
increase in the production of medication & pharmaceutical drugs
and surge in instances of chronic diseases, such as diabetes and
cancer across the globe.
Asia-Pacific to maintain its
dominance by 2032
By region, Asia-Pacific held
the highest market share in terms of revenue in 2022 and is
estimated to maintain its leadership status throughout the forecast
period. Similarly, the region is expected to witness the fastest
CAGR of 5.7% from 2023 to 2032, owing to increase in R&D
activities for pharmaceutical & healthcare sector, strong
presence of pharmaceutical manufacturer in the region, rise in
investment in development of pharmaceutical storage by major
companies, and growth in pharmaceutical and healthcare industry in
the region.
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Leading Market Players: -
- RSA TALKE
- KEMITO
- Brenntag SE
- Rinchem Company, LLC
- Univar Solutions LLC
- Commonwealth Inc.
- DHL GROUP
- Anchor 3PL
- Broekman Logistics
- Odyssey Logistics & Technology Corporation
The report provides a detailed analysis of these key players in
the global pharmaceutical warehousing market. These players have
adopted different strategies such as new product launches,
collaborations, expansion, joint ventures, agreements, and others
to increase their market share and maintain dominant shares in
different regions. The report highlights business performance,
operating segments, product portfolio, and strategic moves of
market players to showcase the competitive scenario.
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