Global Pharmaceutical Warehousing Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type of Service (Cold Chain Warehouse, Non-Cold Chain Warehouse), And By Geography - Forecasts From 2021 To 2026

The global pharmaceutical warehousing market is evaluated at US$58.573 billion for the year 2019 and is projected to grow at a CAGR of 5.20% to reach the market size of US$83.512 billion by the year 2026.

Introduction.

Warehouse management systems can be deployed by specialized, knowledgeable companies to ensure all the benefits and potential savings. Pharmaceutical companies have automated solutions to tackle quality and operational challenges without the need for human contact. Such systems for warehouses can optimize the storage space utilization, improve the productivity of processes, decrease operating costs and maintain a strategic competitive edge for stocking inventory.

Market outlook and key drivers.

The pharmaceutical manufacturing companies are increasingly outsourcing packaging and labeling activities from third-party providers. Many pharmaceutical companies are expanding their operations in untapped regions including Sub-Saharan Africa and South America. Herein, the preference for local warehousing solution providers with high expertise in pharmaceuticals is of great importance to drug manufacturers. However, the deteriorating service levels and loss of control are significant threats that are faced in outsourcing operations.

Impact of COVID-19 on the Pharmaceutical Warehousing Market

The advent of COVID-19 had a positive impact on the market of pharmaceutical warehousing as the demand for pharmaceutical drugs increased during the year. 

Global Pharmaceutical Warehousing Market Scope:

Segmentation

• By Type of service
  • Cold chain warehouse
  • Non-cold chain warehouse
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Others
  • Middle East & Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the pharmaceutical warehousing market size by 2026?
A1. The pharmaceutical warehousing market is projected to reach a market size of US$83.512 billion in 2026.

Q2. What is the size of global pharmaceutical warehousing market?
A2. Pharmaceutical Warehousing Market was valued at US$58.573 billion in 2019.

Q3. What are the growth prospects for the pharmaceutical warehousing market?
A3. The global pharmaceutical warehousing market is projected to grow at a CAGR of 5.20% over the forecast period.

Q4. Who are the major players in the pharmaceutical warehousing market?
A4. Prominent key market players in the pharmaceutical warehousing market include Agility, Air Canada, CEVA Logistics, DB Schenker, Deutsche Post AG, FedEx, LifeConEx, Marken, United Parcel Service of America, Inc., among others.

Q5. What factors are anticipated to drive the pharmaceutical warehousing market growth?
A5. The ongoing product innovation & development in the pharma sector and the development of energy-efficient warehousing enhance the opportunity of the pharmaceutical warehousing market.