Biopharma plastics are being utilized for providing higher stability to several applications including depth filters, syringes, and containers. Increased preference for use of high-grade polymers material in the construction of single-use biopharma plastics has fuelled the market growth.
| Report Attribute | Details |
| Expected Market Value (2023) | US$ 5.42 Billion |
| Projected Forecast Value (2033) | US$ 15.95 Billion |
| Global Growth Rate (2023-2033) | 11.4% CAGR |
Increasing health concern, and growth in healthcare expenditure are expected to drive the market for biopharma plastics along with polymers. Moreover, the presence of large-scale PP molding facilities and the manufacturing sector is projected to propel the market growth over the forecast period.
Industry leaders are investing heavily in R&D to provide biopharmaceutical products that suit every aspect of consumer needs, which is driving the biopharma plastics market. North America dominates the biopharma plastics market due to the presence of key manufacturers of biopharma plastics such as Celanese Corporation, Eastman Chemical Co., and DuPont. Europe is the second-largest shareholder in the market, mainly due to the growing political support and favorable reimbursement regulations for medical devices.
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Key Takeaways from the Market Study
“Growing healthcare spending and increasing application of biopharma plastics are expected to radically transform the biopharma plastics market in the coming years,” comments an analyst at FMI.
Competitive Landscape
BASF SE, LyondellBasell Industries Holdings B.V., SABIC, LG chem, Toray Industries, Inc., Solvay, Dow, Inc., DuPont de Nemours, Inc., Saint-Gobain Performance Plastics, Tekni-Plex are some of the key players in the biopharma plastics industry.
The manufacturers are involved in the production of biopharma plastics in a larger capacity. Research and innovation are also conducted to launch innovative plastics for biopharmaceutical products. Also, some of the key players are acquiring small pharmaceutical companies to increase their production capacity.
Liveo Healthcare Solutions manufacturing facility located at the Cooper River Site in South Carolina. The new facility will expand capacity for biopharmaceutical tubing extrusion to meet increased demand from Liveo customersSpeak To Our Research Expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-15942
Key Segments Covered in the Biopharma Plastics Market Industry Survey
Biopharma Plastics Market by Polymer Type:
Biopharma Plastics Market by Application:
Biopharma Plastics Market by Region:
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
to be continued…!
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More Valuable Insights Available
FMI, in its new offering, presents an unbiased analysis of the biopharma plastics market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the Biopharma Plastics Market by Polymer Type (Polyethylene – PE, Polypropylene – PP, Acrylonitrile Butadiene Styrene – ABS, Polyethylene Terephthalate – PET, Polyvinyl Chloride – PVC, Polytetrafluoroethylene – PTFE, Other) by Application (Protective wear, Container, Bioreactor Bags, Syringes, Depth Filter, Disposable Medical Connectors, and Others) and Region.
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The post Biopharma Plastics Market to Valued at US$ 15.95 Billion by 2033; Technological Advancements in Healthcare to boost the Industry Growth appeared first on Future Market Insights.
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