Biopharma Plastics Market Growth, COVID Impact, Trends Analysis Report Forecast to 2033
Depth filters, syringes, and containers are among the applications that benefit from biopharma plastics’ increased stability. The market has grown as a result of increased demand for using premium polymers in the manufacture of single-use biopharma plastics. The market for biopharma plastics and polymers is anticipated to be driven by rising healthcare costs and rising health concerns.
Additionally, the presence of substantial PP molding facilities and the manufacturing industry is anticipated to fuel market expansion throughout the anticipated time frame. The biopharma plastics market is being driven by industry players who are extensively spending R&D to create biopharmaceutical goods that cater to all aspects of customer needs.
Due to the presence of major producers of biopharma plastics including Celanese Corporation, Eastman Chemical Co., and DuPont in the region, North America dominates the market for these materials. Due mostly to the expanding governmental support and advantageous reimbursement policies for medical equipment, Europe is the second-largest shareholder in the industry.
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Competitive Landscape
BASF SE, LyondellBasell Industries Holdings B.V., SABIC, LG chem, Toray Industries, Inc., Solvay, Dow, Inc., DuPont de Nemours, Inc., Saint-Gobain Performance Plastics, Tekni-Plex are some of the key players in the biopharma plastics industry.
The manufacturers are involved in the production of biopharma plastics in a larger capacity. Research and innovation are also conducted to launch innovative plastics for biopharmaceutical products. Also, some of the key players are acquiring small pharmaceutical companies to increase their production capacity.
Key Segments Covered in the Biopharma Plastics Market Survey
Biopharma Plastics Market by Polymer Type:
- Polyethylene – PE
- Polypropylene – PP
- Acrylonitrile Butadiene Styrene – ABS
- Polyethylene Terephthalate – PET
- Polyvinyl Chloride – PVC
- Polytetrafluoroethylene – PTFE
- Other
Biopharma Plastics Market by Application:
- Protective Wear
- Container
- Bioreactor Bags
- Syringes
- Depth Filter
- Disposable Medical Connectors
- Others
More Valuable Insights Available
FMI, in its new offering, presents an unbiased analysis of the biopharma plastics market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033. The study divulges essential insights into the Biopharma Plastics Market by Polymer Type, Application, and Region.
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