About Biopharma Plastics
Biopharma plastics are specialized materials specifically designed for applications in the pharmaceutical and biopharmaceutical industry. They are characterized by their high purity, biocompatibility, chemical inertness, and resistance to degradation from biological and chemical agents. These plastics are engineered to meet the specific need of the industry, ensuring the integrity, stability, sterility of pharmaceutical products. This are designed to submit with regulatory standard to ensure the safety and quality of pharmaceutical products. This growth is attributed to the increasing demand for biopharmaceuticals, stringent regulatory requirements for packaging materials, and the rising awareness about the environmental impact of traditional plastics. The biopharma industry is characterized by a high level of research and development activity, as companies invest in developing new drugs and delivery systems. This is driving demand for specialized biopharma plastics that can support this research and development, such as laboratory equipment and diagnostic devices.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 11.35% |
The market has been characterized by the presence of key players along with a few medium and small regional players. Major players are continuously working on developing polymers for the production of biopharma plastics owing to the rising demand for biopharma plastic components from the healthcare industry. Analyst at AMA Research estimates that United States, Germany Players will contribute the maximum growth to Global Biopharma Plastics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dupont (United States), Eastman Chemical Company (United States), Evonik Industries (Germany), BASF SE (Germany), Teijin Limited (Japan), Mitsubishi Chemical Corporation (Japan), Lanxess AG (Germany), West Pharmaceutical Services (United States), SABIC (South Arabia) and Covestro AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Plastipak Holdings (United States), Jindal Poly Films Limited (India), Catalent (United States), Gerresheimer AG (Germany) and Amcor plc (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Biopharma Plastics market by , Application (Syringe, Gloves and masks, Depth filter, Containers and Others) and Region.
On the basis of geography, the market of Biopharma Plastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Types, the sub-segment i.e. Polyethylene will boost the Biopharma Plastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Pharmaceutical and Biotechnology will boost the Biopharma Plastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology advancement in biopharma plastics
Market Growth Drivers:
Growing focus of Patient safety and Product quality, Rising Healthcare Concern and Rising the assumption of personalized medicines
Challenges:
Limited availability of biopharm plastics
Restraints:
Environmental Concern and High Cost of biopharma plastics
Opportunities:
Development of biocompatible plastics for implantable medical devices and drug delivery systems.
Market Leaders and their expansionary development strategies
In October 2023, Teijin and Evonik Industries entered into a definitive agreement to merge their respective bioplastics businesses which is aiming to combine their expertise and resources to become a major force in the bio-based materials market.
In December 2023, Teijin Limited announced the development of a new bio-based polybutylene succinate (PBS) resin with improved heat resistance. This new material is expected to expand the applications of PBS in the biopharma plastics market.
The Standard for biocompatibility established by the United States Pharmacopeia (USP) and widely used in the biopharma industry. ISO 10993 is International standard for the biological evaluation of medical devices, providing a framework for assessing the safety of biopharma plastics.
Key Target Audience
Contract Research Organization, Potetial Investors, Research Firm and consultation, Hospitals and clinics and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.