Italy Biopharma Plastics Market Size & Outlook, 2022-2030
Italy biopharma plastics market, 2019-2030 (US$M)
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Italy biopharma plastics market highlights
- The Italy biopharma plastics market generated a revenue of USD 139.2 million in 2022 and is expected to reach USD 312.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 10.6% 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 139.2 million |
| Market revenue in 2030 | USD 312.8 million |
| Growth rate | 10.6% (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, Italy accounted for 2.9% 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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Italy 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 22.2% in 2022. Horizon Databook has segmented the Italy 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 International Trade Administration (ITA), the Government of Italy allocated a certain amount in 2021 for procuring basic diagnostics devices, including electrocardiograms (ECG), spirometers, ultrasound devices, depth filters, valves, etc. to improve its local healthcare assistance services for the patients and reduce their emergency room dependency.
Increasing expenditure on the healthcare industry in the country is expected to fuel the growth of biopharma plastics market in Italy from 2022 to 2030. Biopharma plastics are used for manufacturing medical products such as containers, connectors, surgical instruments, and bioreactor bags.
Bioreactor bags are used for storing blood and medical samples owing to their impermeability and low-moisture absorbency rate. The growing geriatric population is a major driver for the surging demand for biopharma plastic-based medical products in Italy. This is expected to fuel the growth of biopharma plastics market 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 Italy biopharma plastics market , including forecasts for subscribers. This country databook contains high-level insights into Italy biopharma plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Italy biopharma plastics market size, by polymer type, 2019-2030 (US$M)
Italy Biopharma Plastics Market Outlook Share, 2022 & 2030 (US$M)
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