South Africa Biopharma Plastics Market Size & Outlook
South Africa biopharma plastics market, 2019-2030 (US$M)
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South Africa biopharma plastics market highlights
- The South Africa biopharma plastics market generated a revenue of USD 176.9 million in 2022 and is expected to reach USD 392.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.5% 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 176.9 million |
| Market revenue in 2030 | USD 392.0 million |
| Growth rate | 10.5% (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, South Africa accounted for 3.7% 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 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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South 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 23.77% in 2022. Horizon Databook has segmented the South 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.
Healthcare remains a top priority for the government of South Africa. In South Africa, healthcare industry is expected to expand at a rapid rate over the coming years on account of innovation and technological advancements, which is expected to propel biopharma plastic demand over the forecast period. South Africa is focusing on downstream industries for the production of biopharma plastics.
The country has introduced a series of initiatives to boost the growth of small and medium-sized enterprises (SMEs) involved in the production of biopharma plastic components. The growth of the biopharma plastics market in the country can be attributed to a continuous supply of raw materials, growing population, and high healthcare investment in biopharma plastics manufacturing sector.
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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 South Africa biopharma plastics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa biopharma plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa biopharma plastics market size, by polymer type, 2019-2030 (US$M)
South Africa Biopharma Plastics Market Outlook Share, 2022 & 2030 (US$M)
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