Pharmaceutical Warehousing Market to Reach $39.00 Billion, Globally, by 2032 at 4.7% CAGR: Allied Market Research [Yahoo! Finance]
BRENNTAG SE UNSP/ADR (BNTGY)
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Source: Yahoo! Finance
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 pharm
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