Global Biopharma Plastics Market Forecast 2028: Trends & Competition

Rising demand from the Healthcare sector is expected to drive the Biopharma Plastics market in the forecast period 2024-2028. According to TechSci Research report, “Biopharma Plastics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Biopharma Plastic Market is anticipated to upsurge at an impressive rate in the forecast period 2024-2028. 

The Important Factors of the Global Biop harma Plastics Market

A significant factor fueling the growth of the Global Biopharma Plastics Market is the increasing cases of cancer worldwide and the growth in global healthcare expenditure. In addition, the rising manufacturing of big molecules, expanding investment in the construction of advanced healthcare facilities, and rising usage of modern healthcare technologies further fuel the growth of the Global Biopharma Plastic market.

For instance, in 2021, the acquisition of Johnson Plastic Group (JPG), a maker of precision extrusions, by Tekni-Plex Healthcare is part of a plan to broaden the company's patient care solutions platform.

Furthermore, the market is being further stimulated by the growing demand for single-use products for pharmaceutical processing.

However, fluctuations in raw material prices can slow down market growth. Also, stringent government regulations can further slow down the market growth.

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Global Biopharma Plastics Market is segmented based on polymer type, application, and region.

Based on polymer type, the market is categorized into polyvinyl chloride (PVC), polyethylene terephthalate (PET), polypropylene (PP), and others. The polyvinyl Chloride (PVC) segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to its unique properties such as extreme flexibility, resistance, and endurance in high temperatures.

Based on application, the market is fragmented into protective wear, containers, bioreactor bags, syringes, and others. The Syringes segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to easy usage, low costs, minimal microbial contamination, low injection errors, and dilution errors.

Major companies operating in the global Biopharma Plastic market are:

• 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

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“Asia Pacific region is expected to grow at the highest rate during the forecast period due to increasing demand for high-quality biopharma plastic components and devices from hospitals as well as rising expenditure on the healthcare sector. Additionally, growing government spending on healthcare policies and technological advancement in healthcare infrastructure create lucrative opportunities for market growth. Furthermore, in North America, the presence of key producers of biopharma plastics, as well as an increase in the number of healthcare facilities, create huge prospects of market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Biopharma Plastics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 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, has evaluated the future growth potential of Global Biopharma Plastics Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Biop harma Plastic Market.”

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