Pharmaceutical Storage and Material Handling Equipment Market by Type (Transport [Conveyor, IBC], Storage, Lifting [Crane, Hoist], Stacking System [Pallet, Crate]), Operation Mode (Automatic, Manual), Product Form (Solid, Liquid) - Global Forecast to 2030

The Pharmaceutical Storage and Material Handling Equipment Market is projected to reach $5.83 billion by 2030, at a CAGR of 9.8% from 2023 to 2030. The main purpose of using a pharmaceutical storage and material handling system is to ensure that the material in the right amount is carefully delivered to the desired destination at the right time. The growing demand for pharmaceutical storage and material handling systems is primarily attributed to a drug manufacturer’s strong focus on quality, safety, and drug efficacy by reducing costs and improving manufacturing efficiencies.

The growth of this market is driven by factors such as the rapid growth in the pharmaceutical market, rising focus on automation in the pharmaceutical industry, the focus of manufacturers to reduce production costs, and government support to promote the pharmaceutical sector. Additionally, a shift toward the use of robotics, developing economies, and the rising adoption of generic drugs are creating opportunities for market growth. However, the cost setting up of efficient material handling systems in the pharmaceutical industry may restrain the growth of this market to a notable extent.

Rapid Growth in Pharmaceutical Market Drives the Demand for Pharmaceutical Storage and Material Handling Equipment

Growth in the geriatric population and the associated burden of chronic and infectious diseases, growing investments in pharmaceutical R&D, rising income levels, and expanding medical infrastructure have boosted pharmaceutical production. As per data published by the United Nations, in 2020, nearly 727 million people (9.3% of the global population) were over the age of 65. This number is projected to increase to over 1.5 billion people (16% of the global population) by 2050. Consistent growth in the aging population is increasing the burden of chronic diseases. Common conditions affecting the geriatric population include osteoarthritis, diabetes, heart diseases, chronic obstructive pulmonary disorders, depression, and dementia. The rising prevalence of these conditions is increasing the demand for pharmaceuticals, thereby driving the pharmaceutical storage and material handling equipment market.

Additionally, pharmaceutical companies are investing in building and expanding their pharmaceutical manufacturing facilities to meet the changing market requirements. Moreover, increasing R&D investments in the pharmaceutical industry are also expected to drive the commercialization of new drugs. According to the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), pharmaceutical R&D investments in the U.S., Europe, and other markets have grown considerably. As of 2020, the number of drugs in development for cancer, immunology, neurology, and infectious diseases was estimated at ~6,900. As these drugs will move from the development to the manufacturing phase, these drugs will further need to be stored. Hence these factors drive the pharmaceutical storage and material handling equipment market.

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Key Findings of the Pharmaceutical Storage and Material Handling Equipment Market Study

In 2023, the Transport Systems Segment is Expected to Dominate the Pharmaceutical Storage and Material Handling Equipment Market

Based on type, in 2023, the transport systems segment is expected to account for the largest share of the pharmaceutical storage and material handling equipment market. The high adoption of automated and semi-automated transport systems to meet GMP standards, particularly in developed economies, primarily contributed to the large share. Among the different types of transport systems, conveyors are the most widely used system for accurately conveying products in the pharmaceutical industry.

In 2023, the Semi-automatic Systems Segment is Expected to Dominate the Pharmaceutical Storage and Material Handling Equipment Market

Based on mode of operation, in 2023, the semi-automatic systems segment is expected to account for the largest share of the pharmaceutical storage and material handling equipment market. Unlike fully automated systems, semi-automated systems offer flexible processes which can be regulated manually from time to time. The flexibility and accuracy offered by the semi-automatic systems are expected to boost the growth of this segment in 2023.

In 2023, the Solid Form Segment is Expected to Dominate Pharmaceutical Storage and Material Handling Equipment Market

Based on product form, in 2023, the solid form segment is expected to account for the largest share of the pharmaceutical storage and material handling equipment market. The large market share of this segment is attributed to the high preference for solid dosage manufacturing form in pharmaceutical formulations. This phenomenon boosts the adoption of storage and handling equipment for the solid dosage form.

Asia-Pacific: Fastest-growing Regional Market

Based on geography, Asia-Pacific is slated to record the highest growth rate during the forecast period. The growth of this market is mainly driven by the considerable scope in the pharmaceutical processing industry, boosted by the increasing burden of diseases and the expansion of pharmaceutical manufacturers in emerging Asian economies, such as India, China, and South Korea. Additionally, the growing demand for generics, the booming contract manufacturing industry, and favorable government policies to boost the domestic production of pharmaceuticals also support market growth.

Key Players

The key players profiled in the pharmaceutical storage and material handling equipment market report are: Servolift GmbH (Germany), Müller Group (Switzerland), Hanningfield Process Systems Ltd. (U.K.), GEA Group Aktiengesellschaft (Germany), AZO GmbH & Co. KG (Germany), David Round Company, Inc. (U.S.), Flexicon Corporation (U.S.), Spirotech Group Ltd (U.K.), VAC-U-MAX (U.S.), Dec Group (Switzerland), Volkmann, Inc. (U.S.), Schenck Process Holding GmbH (Germany), Coperion GmbH (Germany), Matcon Limited (U.K.), Gough Econ, Inc. (U.S.), Guttridge Limited (U.K.), and Glatt GmbH (U.K.).

Scope of the Report:

Pharmaceutical Storage and Material Handling Equipment Market, by Type

• Transport Systems
  • Conveyors
  • Intermediate Bulk Containers (IBC)
  • Drum Handler
  • Other Transport Systems
    Other equipment include trucks and trolleys, vacuum grippers, carts, and feeders.
• Storage Systems
  • Silos
  • Containers and Drums
  • Racking and Shelving Systems
  • Other Storage Systems
    Other storage systems include refrigerated storage systems, bulk bags, boxes, and kegs.
• Lifting and Positioning Systems
  • Cranes
  • Hoists
  • Lift Tables
  • Other Lifting and Positioning Systems
    Other lifting and positioning systems include trolleys, lift trucks, and manipulators.
• Stacking and Unit Formation Systems
  • Pallets
  • Crates
  • Palletizers
  • Other Stacking and Unit Formation Systems
    Other stacking and unit formation systems include tote pans, cartons, and skids.

Pharmaceutical Storage and Material Handling Equipment Market, by Mode of Operation

• Semi-automatic Operation
• Automatic Operation
• Manual Operation

Pharmaceutical Storage and Material Handling Equipment Market, by Dosage Form

• Solid Form
• Liquid Form
• Semi-solid Form

Pharmaceutical Storage and Material Handling Equipment Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Switzerland
  • Germany
  • Italy
  • U.K.
  • France
  • Ireland
  • Rest of Europe (RoE)
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of APAC (RoAPAC)
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America (RoLATAM)
• Middle East & Africa

Key questions answered in the report: