Germany Biopharma Plastics Market Size & Outlook
Germany biopharma plastics market, 2019-2030 (US$M)
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Germany biopharma plastics market highlights
- The Germany biopharma plastics market generated a revenue of USD 339.5 million in 2022 and is expected to reach USD 812.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 11.5% 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 339.5 million |
| Market revenue in 2030 | USD 812.4 million |
| Growth rate | 11.5% (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, Germany accounted for 7.1% 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 Europe, Germany biopharma plastics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 812.4 million by 2030.
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Biopharma Plastics Market Scope
Biopharma Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 22.33% in 2022. Horizon Databook has segmented the Germany 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.
Germany has a very robust and well-established industry manufacturing biopharma plastic-based medical products. According to the International Trade Administration, the country is the largest importer and exporter of biopharma plastics across the European Union.
The COVID-19 spread in Germany in 2020 drove the demand for biopharma plastic-based protective medical wear such as masks, gloves, and shoe covers. This led the government of the country to further increase its investments in the development of innovative healthcare technologies.
The adoption of novel technologies for offering superior quality and high-performance biopharma plastics for manufacturing durable and safe medical products is anticipated to boost the growth of the market in Germany from 2022 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany biopharma plastics market , including forecasts for subscribers. This country databook contains high-level insights into Germany biopharma plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Germany biopharma plastics market size, by polymer type, 2019-2030 (US$M)
Germany Biopharma Plastics Market Outlook Share, 2022 & 2030 (US$M)
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