Europe Pharmaceutical Warehousing Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 24.75 Billion |
| Market Size (2029) | USD 36.81 Billion |
| CAGR (2024 - 2029) | > 8.26 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Pharmaceutical Warehousing Market Analysis
The Europe Pharmaceutical Warehousing Market size is estimated at USD 24.75 billion in 2024, and is expected to reach USD 36.81 billion by 2029, growing at a CAGR of greater than 8.26% during the forecast period (2024-2029).
The ongoing product innovation & development in the pharma sector and the development of energy-efficient warehousing enhance the opportunity of the global Pharmaceutical Warehousing Market. Switzerland, Germany, and Italy are the leading European hubs for pharmaceutical production (EUR 53.2 billion (USD 56.79 million), EUR 32.3 billion (USD 34.47 million), and EUR 34.3 billion (USD 36.61 million) value, respectively).
Europe is the second-largest biopharmaceutical market in the entire world. The market is ever-expanding because of the rise in population and the persistence of sicknesses.
Germany constitutes the biggest in Europe and the fourth-biggest pharmaceutical market in the world. The high-skilled labor in Germany helps in ramping up production and maintaining quality at the same time.
The growing manufacturing activities from pharmaceutical companies across the European region are preditcted to promote the pharmaceutical logistics market in the region.
In January 2022, a pharmaceutical logistics provider in Spain, MOVIANTO, invested around USD 41.88 million in a new center in Numancia de la Sagra (Toledo), which is expected to almost the company鈥檚 capacity in Spain.
Europe Pharmaceutical Warehousing Market Trends
Rise in the demand Pharmaceutical
The research-based pharmaceutical industry can play a critical role in restoring Europe to growth and ensuring future competitiveness in an advancing global economy. In 2022, it invested an estimated EUR 44,500 million (USD 47,503 million) in R&D in Europe. Europe is now facing increasing competition from emerging economies, rapid growth in the market, and research environments in countries such as China and Korea. These countries are contributing to the move of economic and research activities to non-European markets. The geographical balance of the pharmaceutical market, and ultimately the R&D base, is likely to shift gradually towards fast-growing emerging economies.
The pharmaceutical industry is the high-technology sector with the highest added value per person employed, significantly higher than the average value for high-tech and manufacturing industries. The pharmaceutical industry is also the sector with the highest ratio of R&D investment to net sales.
Pharmaceutical production in this context amounted to EUR 31.1 billion (USD 33.19 million). Pharmaceutical products were imported for EUR 58 billion (USD 61.91 million) and exported for EUR 82.8 billion (USD 88.38 million). Switzerland, the USA, and the Netherlands are critical suppliers and customers. In Europe, Germany is the pharmaceutical market with the highest turnover, ahead of France, Italy, and Great Britain.
In 2022, 32.5% of EU pharmaceutical exports went to the United States. In 2019, this share stood at 36%.
Increased provision of end-to-end integrated services
Now, several cold chain service providers started offering end-to-end integrated services to end-users in the market. They are providing cold chain management services to customers and participating in their decision-making processes. Many service providers offer end-to-end cold chain management services like inventory management, order scheduling, order forecasting, warehousing, and delivery management.
Logistics providers today are delivering more complex and sensitive products over longer distances and, in some cases, across multiple countries. As a result, there is a heightened demand for tracking technology and cold chain packaging solutions that can protect product integrity and quality throughout deliveries.
Solutions based on Phase Change Technology (PCM) or 鈥渢hermal batteries鈥� use customized chemicals with specific freezing and melting points (ranging from +18 degrees Celsius for use in chocolates to 25 degrees Celsius for use in ice creams). In comparison to previously used glycols, these materials are designed to be non-toxic and non-flammable and, therefore, apt to be packed alongside food products. The proliferation of dark stores is also emerging as one sustainable option for cold storage.
Europe Pharmaceutical Warehousing Industry Overview
The Europe Pharmaceutical Warehousing market is fragmented in nature, with a mix of global and local players. Most of the imports and exports products need to be monitored in refrigerated transports. Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. Major Players include Bio Pharma Logistics, Rhenus SE and Co. KG, GEODIS SA, and United Parcel Service Inc.
Europe Pharmaceutical Warehousing Market Leaders
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Bio Pharma Logistics
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Rhenus SE and Co. KG
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GEODIS SA
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KRC Logistics
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United Parcel Service Inc.
*Disclaimer: Major Players sorted in no particular order
Europe Pharmaceutical Warehousing Market News
- June 2023: ViaPharma signed a 20-year lease agreement with the developer CTP for two Czech CTParks. CTP will prepare and hand over the premises, with a total area of almost 27,000 sq m and several specific modifications for the pharmaceutical industry, at the end of 2023. CTPark Ostrava Poruba and CTPark Brno L铆拧e艌 will be the next locations of cooperation. ViaPharma already leased three warehouses in Romania, including the largest ever pharmaceutical warehouse in the country with an area of 35,000 sq m in CTPark Mogosoaia.
- August 2022: UPS announced the acquisition of a top healthcare logistics provider in Italy, BomiGroup. This acquisition was expected to invoke the addition of temperature-controlled facilities in 14 countries.
Europe Pharmaceutical WarehousingMarket Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 The rise in demand for outsourcing pharmaceutical warehousing services
4.2.2 The demand for efficiency, visibility, and product safety from pharmaceutical companies
4.3 Market Restraints
4.3.1 Lack of efficient logistics support in emerging economies
4.4 Market Oppurtunites
4.4.1 Rise in government initiatives to enhance Pharmaceutical Warehousing
4.5 Value Chain / Supply Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of Covid-19 on the market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Cold Chain Warehouse
5.1.2 Non-Cold Chain Warehouse
5.2 By Application
5.2.1 Pharmaceutical Factory
5.2.2 Pharmacy
5.2.3 Hospital
5.2.4 Others
5.3 Geography
5.3.1 Europe
5.3.1.1 Germany
5.3.1.2 UK
5.3.1.3 France
5.3.1.4 Russia
5.3.1.5 Spain
5.3.1.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Alloga
6.2.2 Bio Pharma Logistics
6.2.3 Rhenus SE and Co. KG
6.2.4 DB Schenker
6.2.5 FedEx Corp.
6.2.6 GEODIS SA
6.2.7 Hellmann Worldwide Logistics SE and Co KG
6.2.8 KRC Logistics
6.2.9 Kuehne Nagel Management AG
6.2.10 United Parcel Service Inc.
6.2.11 XPO Logistics Inc.*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
Europe Pharmaceutical Warehousing Industry Segmentation
Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. Pharmaceutical Warehousing, therefore, is much more than the simple storage of products. It is an operation that preserves the integrity of drugs that affect health and well-being. Stored goods can include any pharmaceutical drugs raw materials, packing materials, and finished goods associated pharmaceutical sector.
The report sheds light on the market trends like growth factors, restraints, and opportunities in this sector. The competitive landscape of the Europe Pharmaceutical Warehousing Market is depicted through the profiles of active key players. The report also covers the impact of COVID鈥�19 on the market and future projections.
Europe Pharmaceutical Warehousing Market is segmented by type (cold chain warehouse, non-cold chain warehouse), application (pharmaceutical factory, pharmacy, hospital, and others), and geography (Germany, UK, France, Russia, Spain, and the rest of Europe). The report offers market size and forecasts for the Europe Pharmaceutical Warehousing Market in value (USD) for all the above segments.
| By Type | |
| Cold Chain Warehouse | |
| Non-Cold Chain Warehouse |
| By Application | |
| Pharmaceutical Factory | |
| Pharmacy | |
| Hospital | |
| Others |
| Geography | ||||||||
|
Europe Pharmaceutical WarehousingMarket Research FAQs
How big is the Europe Pharmaceutical Warehousing Market?
The Europe Pharmaceutical Warehousing Market size is expected to reach USD 24.75 billion in 2024 and grow at a CAGR of greater than 8.26% to reach USD 36.81 billion by 2029.
What is the current Europe Pharmaceutical Warehousing Market size?
In 2024, the Europe Pharmaceutical Warehousing Market size is expected to reach USD 24.75 billion.
Who are the key players in Europe Pharmaceutical Warehousing Market?
Bio Pharma Logistics, Rhenus SE and Co. KG, GEODIS SA, KRC Logistics and United Parcel Service Inc. are the major companies operating in the Europe Pharmaceutical Warehousing Market.
What years does this Europe Pharmaceutical Warehousing Market cover, and what was the market size in 2023?
In 2023, the Europe Pharmaceutical Warehousing Market size was estimated at USD 22.86 billion. The report covers the Europe Pharmaceutical Warehousing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Pharmaceutical Warehousing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Pharmaceutical WarehousingIndustry Report
Statistics for the 2024 Europe Pharmaceutical Warehousing market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Europe Pharmaceutical Warehousing analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
