According to a new report, published by KBV research, 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 Non-Cold Chain Warehousing segment is leading the Global Pharmaceutical Warehousing Market by Type in 2023; thereby, achieving a market value of $18.5 billion by 2031. Pharmaceutical companies diversify their product portfolios to meet evolving healthcare needs and capitalize on new market opportunities. This diversification leads to a broader range of products requiring storage, including over-the-counter medications, supplements, medical devices, and healthcare products that do not require cold chain storage.
The Pharmacy segment is anticipating a CAGR of 4.7% during (2024 - 2031). Pharmaceutical manufacturing requires various raw materials, including active pharmaceutical ingredients (APIs), excipients, packaging materials, and other supplies. These materials must be stored in controlled environments to maintain their quality and integrity before they are used in manufacturing.
Full Report: https://www.kbvresearch.com/pharmaceutical-warehousing-market/
The Asia Pacific region dominated the Global Pharmaceutical Warehousing Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $13 billion by 2031. The North America region is experiencing a CAGR of 3.8% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 4.1% during (2024 - 2031).
By Type
By Application
By Geography
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