Biopharma Plastics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Polymer Type (Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polypropylene (PP), Others), By Application (Protective Wear, Containers, Bioreactor Bags, Syringes, Others), By Region, and Competition 2018-2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBiopharma Plastics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Polymer Type (Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polypropylene (PP), Others), By Application (Protective Wear, Containers, Bioreactor Bags, Syringes, Others), By Region, and Competition 2018-2028
In 2020, India's healthcare sector was worth about USD 280 billion.
Due to their features, such as low chemical reactivity, thermal stability, and high resistivity, biopharma plastics are widely used in the production of several healthcare products, including protective clothing, containers, syringes, disposable connections, and bioreactor bags. Moreover, factors including rising global healthcare costs and an increase in the number of cancer cases worldwide, therefore surges the demand of singe use plastic in the production of containers, syringes, and others, leading to growth of Global Biopharma Plastics Market in the projected period.
Ongoing Technological Advancement in Healthcare
Systems for controlled release and targeted delivery of medicinal drugs using nanoparticles are known as nano drug delivery systems. These are the brand-new yet emerging technologies for treating microbiological, cardiovascular, inflammatory, autoimmune, and cancerous disorders. Due to the site-specific and target-oriented medication delivery capabilities of nanotechnology, treating chronic illnesses like cardiovascular diseases (CVDs) is made much easier. Special type of packaging kits is manufactured in the prevention of these drugs from environment.
For instance, according to the ETHealthWorld, Nanotechnology is poised to shape the future of healthcare and The space where nanotechnology meets healthcare is called nanomedicine.
Syringe Applicability Dominate the Market
For injecting & withdrawing liquid from the body, syringes are a prominent healthcare product. Increase in demand for prefilled syringes is due to their ease of use, low cost, minimum microbiological contamination, low injection mistakes, and low dilution errors. Pre-filled syringes reduce the number of steps for injection, offer higher dose accuracy and lower the risk of injury and cross-contamination.
Moreover, Pre-filled syringes are now a commonplace component of the medication life cycle and are frequently taken into consideration as early as Phase II of the drug development process.
For Instance, according to Drug Development & Delivery, Prefilled syringes and autoinjectors are manufactured focusing on the needs of the patient by providing a variety of parenteral medication quantities and allowing variable dosing regimens.
Thus, increasing focus for prefilled syringes lead to the growth of Global Biopharma Plastic Market in the forecast period.
Polyvinyl chloride (PVC) will be the Key Polymer Type
The versatility of polyvinyl chloride in the market is due to its capacity to withstand a variety of operations without breaking or cracking. It is ideal for creating syringes, disposable connections, depth filters, and other biopharma plastic products since it is flexible, UV and chemical resistant, and can readily manage high temperatures. Along with having outstanding mechanical properties, they have oxidation resistance capacity, water repellency with simultaneous vapor permeability, and water-repellency. As a result, the product is long-lasting, sustainable, and cost-effective, which has increased the use of biopharma plastics in protective wear in the healthcare sector.
For instance, in 2021, according to MPN, PVC is the most used polymer for single-use medical devices such as bags, tubing, masks and other disposal devices.
In addition, polytetrafluoroethylene and polyethylene are used in various applications due to their properties such as durability, gloss, and detergent resistance.
Therefore, the aforementioned factors are likely to boost market growth over the forecast period.
Recent Developments
- In November 2022, Avantor Inc. opened New Distribution
Center in Dublin, Ireland to support Biopharma market.
- Solvay signed a MOUs with French start-up Ostiumin, to
enable the mechanical recycling of end-of-life single-use surgical
instruments molded in glass-fiber reinforced in November 2022.
- In September 2022, Hanwha Solutions Corporation start
using the LyondellBasell Lupotech T high-pressure polyethylene technology in
Yeosu, South Korea.
- DuPont Liveo, a healthcare solutions manufacturing
facility started at the Cooper River Site in South Carolina opened by DuPont
in July 2022.
Market Segmentation
Global Biopharma Plastics Market
Market Players
BASF SE, Spectrum Plastics Group, Celanese Corporation, LyondellBasell Industries Holdings B.V., DuPont de Nemours, Inc., Tekni-Plex, Inc., Solvay S.A., Avantor, Inc., Bormioli Pharma S.p.A., Saudi Basic Industries Corporation are some of the key players of Global Biopharma Plastics Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 –
2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in
USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments covered |
Polymer Type Application |
|
Regional scope |
North America,
Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United States,
Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South
Korea, Japan, Indonesia, Brazil, Argentina, South Africa, Saudi Arabia, UAE |
|
Key companies profiled |
BASF SE,
Spectrum Plastics Group, Celanese Corporation, LyondellBasell Industries
Holdings B.V., DuPont de Nemours, Inc., Tekni-Plex, Inc., Solvay S.A., Avantor,
Inc., Bormioli Pharma S.p.A., Saudi Basic Industries Corporation |
|
Customization scope |
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and purchase
options |
Avail customized
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|
Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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