Europe Biopharma Plastics Market Size & Outlook, 2022-2030
Europe biopharma plastics market, 2019-2030 (US$M)
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Europe biopharma plastics market highlights
- The Europe biopharma plastics market generated a revenue of USD 1,004.9 million in 2022.
- The market is expected to grow at a CAGR of 11.1% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,004.9 million |
| Market revenue in 2030 | USD 2,325.8 million |
| Growth rate | 11.1% (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, Europe region accounted for 20.9% 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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Europe 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 22.24% in 2022. Horizon Databook has segmented the Europe 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 increasing geriatric population and the rising occurrences of chronic diseases in Europe are expected to surge the demand for biopharma plastic-based medical products in the region. This, in turn, drives the consumption of biopharma plastics used for manufacturing medical products in Europe over the forecast period.
An increase in government investments in the healthcare industry of the region is anticipated to drive the demand for biopharma plastic-based medical products in Europe. This, in turn, is anticipated to have a positive influence on the growth of biopharma plastics market in Europe from 2022 to 2030.
Biopharma plastics are widely used in the healthcare industry for developing syringes, protective wear, valves, clamps, disposable connectors, etc. Additionally, biopharma plastics are used to manufacture implants for various skin grafting surgeries aimed at reduction, augmentation, and correction of skin.
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Target buyers of Europe 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 Europe biopharma plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe biopharma plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Europe biopharma plastics market size, by country, 2019-2030 (US$M)
Europe Biopharma Plastics Market Outlook Share, 2022 & 2030 (US$M)
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