Gulf Cooperation Council Biopharma Plastics Market Size & Outlook
Gulf Cooperation Council biopharma plastics market, 2019-2030 (US$M)
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Gulf Cooperation Council biopharma plastics market highlights
- The Gulf Cooperation Council biopharma plastics market generated a revenue of USD 163.7 million in 2022 and is expected to reach USD 373.3 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 10.9% from 2023 to 2030.
- 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 163.7 million |
| Market revenue in 2030 | USD 373.3 million |
| Growth rate | 10.9% (CAGR from 2022 to 2030) |
| 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, Gulf Cooperation Council accounted for 3.4% 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 Middle East & Africa, South Africa biopharma plastics market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 373.3 million by 2030.
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Biopharma Plastics Market Scope
Biopharma Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Gulf Cooperation Council 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.
Other was the largest segment with a revenue share of 23.41% in 2022. Horizon Databook has segmented the Gulf Cooperation Council 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.
Saudi Arabia has a large consumer base for biopharma plastics, which is contributing significantly to the demand for biopharma plastic components, in turn, accounting for increased manufacturing of PET and PP polymers.
The UAE biopharma plastics market is growing due to the rise in population coupled with the measures to improve public healthcare systems. The demand for biopharma plastics increased in the protective wear application segment for gloves, masks, and shoe covers.
Biopharma plastic polymers are used across various applications such as valves, depth filters, containers, disposable connectors, and others in the UAE, which is expected to boost the demand for biopharma plastics over the forecast period.
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Target buyers of Gulf Cooperation Council 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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Horizon Databook provides a detailed overview of country-level data and insights on the Gulf Cooperation Council biopharma plastics market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council biopharma plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council biopharma plastics market size, by polymer type, 2019-2030 (US$M)
Gulf Cooperation Council Biopharma Plastics Market Outlook Share, 2022 & 2030 (US$M)
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