Pharmaceutical Warehousing Market

Global Pharmaceutical Warehousing Market Size, Share & Trends Analysis Report By Type (Non-Cold Chain Warehousing, and Cold Chain Warehousing), By Application, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-22952 Publication Date: June-2024 Number of Pages: 178
2023
USD 24.4 Billion
2031
USD 34.1 Billion
CAGR
4.5%
Historical Data
2020 to 2022

Market Report Description

The Global Pharmaceutical Warehousing Market size is expected to reach $34.1 billion by 2031, rising at a market growth of 4.5% CAGR during the forecast period.

The region experiences a swiftly expanding population and an aging demographic composition. Thus, the Asia Pacific region acquired 37.4% revenue share in the market 2023. As the population increases and ages, there is a corresponding rise in healthcare needs and demand for pharmaceutical products to treat various medical conditions, including chronic diseases. This increased demand drives the need for expanded pharmaceutical warehouse capacity to store and distribute medications effectively.

Pharmaceutical Warehousing Market Size - Global Opportunities and Trends Analysis Report 2020-2031

Pharmaceutical companies and warehousing providers invested in technology and automation to improve operational efficiency and agility in response to the challenges posed by the pandemic. This included adopting warehouse management systems (WMS), robotics, and advanced analytics to optimize inventory management, order processing, and logistics operations. Thus, the COVID-19 pandemic had a positive impact on the market.

The pharmaceutical industry is witnessing increasing development and distribution of temperature-sensitive products such as biologics, vaccines, and specialty medications. These products require strict temperature control throughout the supply chain to maintain efficacy and safety.

Additionally, Pharmaceutical warehouses must invest in infrastructure and technology to meet these specialized storage requirements, including temperature-controlled storage areas, cold chain logistics, and monitoring systems to ensure product integrity. Therefore, the expansion of the pharmaceutical industry is driving the market's growth.

However, setting up a pharmaceutical warehousing facility requires significant investment in infrastructure, including construction or acquisition of warehouse space, installation of temperature-controlled storage areas, and implementation of security systems. Hence, high initial investment costs are impeding the market's growth.

Driving and Restraining Factors
Pharmaceutical Warehousing Market
  • Rising focus on cold chain logistics
  • Increasing healthcare spending worldwide
  • Expansion of the pharmaceutical industry
  • High initial investment costs
  • Risk of product spoilage or contamination
  • Increasing pharmaceutical product complexity
  • Increased focus on healthcare access and distribution
  • Labor shortages and lack of skilled workforce
  • Highly stringent regulatory requirements

Application Outlook

On the basis of application, the market is segmented into pharmacy, hospital, pharmaceutical factory, and others. In 2023, the hospital segment attained 14.1% revenue share in the market. Hospitals often require storage for specialized medications, including high-cost drugs, biologics, vaccines, and medications with specific storage requirements (e.g., refrigeration).

Pharmaceutical Warehousing Market Share and Industry Analysis Report 2023

Type Outlook

Based on type, the market is divided into cold chain warehousing and non-cold chain warehousing. The cold chain warehousing segment attained 44.2% revenue share in the market in 2023.  Many pharmaceutical products, such as vaccines, biologics, and certain medications, are highly sensitive to temperature fluctuations.

Free Valuable Insights: Global Pharmaceutical Warehousing Market size to reach USD 34.1 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated 30.9% revenue share in the market. North America, particularly the United States, is home to one of the largest pharmaceutical markets globally.

Pharmaceutical Warehousing Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 24.4 Billion
Market size forecast in 2031 USD 34.1 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 4.5% from 2024 to 2031
Number of Pages 178
Number of Tables 260
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Type, Application, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Univar Solutions, Inc., Brenntag SE, Odyssey Logistics & Technology Corporation (The Jordan Company), Rinchem Company, LLC (Stonepeak), Anchor 3PL., Broekman Logistics, Commonwealth Inc., DHL GROUP, RSA TALKE and KEMITO
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List of Key Companies Profiled

  • Univar Solutions, Inc.
  • Brenntag SE
  • Odyssey Logistics & Technology Corporation (The Jordan Company)
  • Rinchem Company, LLC (Stonepeak)
  • Anchor 3PL.
  • Broekman Logistics
  • Commonwealth Inc.
  • DHL GROUP
  • RSA TALKE
  • KEMITO

Pharmaceutical Warehousing Market Report Segmentation

By Type

  • Non-Cold Chain Warehousing
  • Cold Chain Warehousing

By Application

  • Pharmaceutical Factory
  • Pharmacy
  • Hospital
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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