Mexico Biopharma Plastics Market Size & Outlook, 2022-2030
Mexico biopharma plastics market, 2019-2030 (US$M)
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Mexico biopharma plastics market highlights
- The Mexico biopharma plastics market generated a revenue of USD 320.2 million in 2022 and is expected to reach USD 735.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11% from 2023 to 2030.
- In terms of segment, polyvinyl chloride (pvc) was the largest revenue generating polymer type in 2022.
- Polypropylene (PP) 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 320.2 million |
| Market revenue in 2030 | USD 735.8 million |
| Growth rate | 11% (CAGR from 2022 to 2030) |
| Largest segment | Polyvinyl chloride (pvc) |
| Fastest growing segment | Polypropylene (PP) |
| 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, Mexico accounted for 6.7% 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 North America, U.S. biopharma plastics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,103.9 million by 2030.
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Biopharma Plastics Market Scope
Biopharma Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 21.92% in 2022. Horizon Databook has segmented the Mexico 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 plastic-based medical products is expected to rise in Mexico from 2022 to 2030 owing to the prevalence of unhealthy lifestyle among the masses, along with the rising geriatric population base in the country.
Mexico is one of the largest consumers of sugary drinks in the world. This has resulted in surged cases of diabetes in the country. An increase in blood viscosity in diabetic patients due to the consumption of sugary drinks increases the risk of cardiovascular complications and other health issues in them.
Additionally, the changing lifestyle of the masses and the increasing consumption of fast food in Mexico are further expected to exacerbate health issues among consumers. This is anticipated to fuel the demand for biopharma plastic-based depth filters, disposable connectors, containers, syringes, and valves in the country, thereby leading to the growth of biopharma plastics market in Mexico from 2022 to 2030.
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Target buyers of Mexico 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico biopharma plastics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico biopharma plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico biopharma plastics market size, by polymer type, 2019-2030 (US$M)
Mexico Biopharma Plastics Market Outlook Share, 2022 & 2030 (US$M)
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