Pharmaceutical Warehousing Market to Reach $39.00 Billion, Globally, by 2032 at 4.7% CAGR
Allied Market Research
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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- 117 - Tables
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- 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 |