Asia Pacific Biopharma Plastics Market Size & Outlook
Asia Pacific biopharma plastics market, 2019-2030 (US$M)
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Asia Pacific biopharma plastics market highlights
- The Asia Pacific biopharma plastics market generated a revenue of USD 1,475.8 million in 2022.
- The market is expected to grow at a CAGR of 11.7% 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.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,475.8 million |
| Market revenue in 2030 | USD 3,580.1 million |
| Growth rate | 11.7% (CAGR from 2022 to 2030) |
| Largest segment | Polyvinyl chloride (pvc) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Asia Pacific region accounted for 30.7% of the global biopharma plastics market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,580.1 million by 2030.
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Biopharma Plastics Market Scope
Biopharma Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 21.68% in 2022. Horizon Databook has segmented the Asia Pacific 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.
The biopharma plastics market in Asia Pacific is expected to witness substantial growth on account of increasing applications of biopharma plastics in various applications such as valves, disposable connectors, containers, and others.
Furthermore, the demand for high-quality biopharma plastic devices and components from hospitals in emerging economies such as China, India, and Japan is increasing on account of the rising population and expenditure on healthcare.
In addition, improving services and safety standards in healthcare industry are expected to drive the demand for biopharma plastics market over the forecast period.
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Target buyers of Asia Pacific biopharma plastics market databook
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Our clientele includes a mix of biopharma plastics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific biopharma plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific biopharma plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific biopharma plastics market size, by country, 2019-2030 (US$M)
Asia Pacific Biopharma Plastics Market Outlook Share, 2022 & 2030 (US$M)
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