Argentina Biopharma Plastics Market Size & Outlook
Argentina biopharma plastics market, 2019-2030 (US$M)
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Argentina biopharma plastics market highlights
- The Argentina biopharma plastics market generated a revenue of USD 239.2 million in 2022 and is expected to reach USD 545.4 million by 2030.
- The Argentina market is expected to grow at a CAGR of 10.9% from 2023 to 2030.
- In terms of segment, polyvinyl chloride (pvc) was the largest revenue generating polymer type in 2022.
- Polyvinyl Chloride (PVC) is the most lucrative polymer type segment registering the fastest growth during the forecast period.
Biopharma plastics market data book summary
| Market revenue in 2022 | USD 239.2 million |
| Market revenue in 2030 | USD 545.4 million |
| Growth rate | 10.9% (CAGR from 2022 to 2030) |
| Largest segment | Polyvinyl chloride (pvc) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polytetrafluoroethylene (PTFE), Polycarbonate (PC), Other |
| Key market players worldwide | Basf SE, LyondellBasell Industries NV Class A, SABIC, LG Chem, Toray Industries Inc, Solvay SA, Dow Inc, DuPont de Nemours Inc, Compagnie de Saint-Gobain SA, Tekni-Plex, Chevron Corp, Exxon Mobil Corp, Covestro AG, Teijin Ltd, Mitsui Chemicals Inc, Formosa Plastics Group, CHIMEI |
Other key industry trends
- In terms of revenue, Argentina accounted for 5.0% of the global biopharma plastics market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Argentina biopharma plastics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 518.7 million by 2030.
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Biopharma Plastics Market Scope
Biopharma Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina biopharma plastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biopharma plastics market will help companies and investors design strategic landscapes.
Polyvinyl chloride (pvc) was the largest segment with a revenue share of 20.94% in 2022. Horizon Databook has segmented the Argentina biopharma plastics market based on polyethylene (pe), polypropylene (pp), acrylonitrile butadiene styrene (abs), polyethylene terephthalate (pet), polyvinyl chloride (pvc), polytetrafluoroethylene (ptfe), polycarbonate (pc), other covering the revenue growth of each sub-segment from 2019 to 2030.
According to the ITA, healthcare expenditure in Argentina accounted for approximately 9% of its GDP in 2021. Argentina is primarily dependent on imports of biopharma/medical devices from the U.S. because local manufacturing contributes only 25% of the medical device market in Argentina.
This reliance on imports can be ruled out with the help of in-house manufacturing of biopharma plastic devices that can create opportunities for local manufacturers. This is expected to drive the demand for biopharma plastics in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina biopharma plastics market , including forecasts for subscribers. This country databook contains high-level insights into Argentina biopharma plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina biopharma plastics market size, by polymer type, 2019-2030 (US$M)
Argentina Biopharma Plastics Market Outlook Share, 2022 & 2030 (US$M)
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