Middle East & Africa Biopharma Plastics Market Size & Outlook
Middle East & Africa biopharma plastics market, 2019-2030 (US$M)
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MEA biopharma plastics market highlights
- The MEA biopharma plastics market generated a revenue of USD 487.4 million in 2022.
- The market is expected to grow at a CAGR of 10.5% from 2023 to 2030.
- Polyethylene (PE) is the most lucrative polymer type segment registering the fastest growth during the forecast period.
- Country-wise, Gulf Cooperation Council is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 487.4 million |
| Market revenue in 2030 | USD 1,085.0 million |
| Growth rate | 10.5% (CAGR from 2022 to 2030) |
| Fastest growing segment | Polyethylene (PE) |
| 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, MEA region accounted for 10.1% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Biopharma Plastics Market Scope
Biopharma Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 23.65% in 2022. Horizon Databook has segmented the Middle East & Africa 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 demand for biopharma plastics in the MEA is expected to be driven by rapid population growth, high incidences of lifestyle-related disorders, and ambitious healthcare infrastructure development. The demand for superior technology biopharma plastic components is expected to increase significantly, thereby propelling the demand for biopharma plastics in the region.
The regional biopharma plastics market is expected to be driven by the demand for protective wear and syringes. In addition, the demand for biopharma plastics in orthopedic implants and soft goods is expected to rise on account of the superior strength and radiation resistance offered by biopharma plastic applications including disposable connectors and depth filters.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa biopharma plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa biopharma plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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MEA biopharma plastics market size, by country, 2019-2030 (US$M)
Middle East & Africa Biopharma Plastics Market Outlook Share, 2022 & 2030 (US$M)
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