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Bioprocess Containers Market is Estimated to Witness High Growth Owing to Rising Demand

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Sneha
Bioprocess Containers Market is Estimated to Witness High Growth Owing to Rising Demand

Bioprocess containers are a closed single-use vessel which facilitates the growth and cultivation of mammalian cells and microbial cells in a sterile environment. These containers are comprised of plastics such as polyethylene or polycarbonate and help provide a contamination-free environment for developing biosimilars and biopharmaceutical products.

The global bioprocess containers market is estimated to be valued at US$ 3.67 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the bioprocess containers market are Cole-Parmer Instrument Company, LLC., ALLpaQ Packaging Group, GE Healthcare, Merck KGaA, Thermo Fisher Scientific, Inc., Sartorius AG, Danaher, Entegris, Inc., Avantor, Inc., RIM Bio, Fenner PLC, Lonza, Saint-Gobain, Corning Incorporated.

Key opportunities in the market include single-use bioprocess containers provide flexibility in manufacturing processes while reducing risks of cross-contamination. This has increased their adoption rates. Growing focus on Continuous manufacturing by companies to reduce costs and improve production volume is another opportunity.

Globally, North America dominates the bioprocess containers market owing to stringency of regulatory authorities towards hygiene standards. Asia Pacific market is expected to witness fastest growth over the forecast period due to increasing investments by major players, improving healthcare facilities & rising medical tourism in the region.

Market Drivers

Rising demand for single-use Bioprocess Containers Market Growth from biopharmaceutical companies due to advantages like lower risk of cross-contamination, operational flexibility and lower costs compared to stainless steel alternatives is expected to drive the market significantly over the forecast period. Increased focus on continuous manufacturing by major players to improve production efficiency and minimize costs will further aid market growth.

PEST Analysis

Political: The regulations imposed on the quality and safety of bioprocess materials have become more stringent. Bioprocess container suppliers must adhere to cGMP guidelines to manufacture containers suitable for biological drug production.

Economic: As biopharmaceutical R&D spending increases globally, demand for bioprocess containers is growing steadily. The high capital investment required for container production can limit new entrants in the market.

Social: Ageing population and increasing healthcare needs have boosted the development of novel biologic drugs to treat chronic diseases. This drives the need for efficient and reliable bioprocess containers suitable for manufacturing such drugs.

Technological: Advancements in single-use bioprocessing technologies utilizing plastics have gained popularity over steel-based systems due to reduced turnaround times and lower costs. Continuous manufacturing approaches also require innovative flexible container formats.

Geographical Concentration

In terms of value, the bioprocess containers market in North America and Europe is highly concentrated currently due to strong biopharmaceutical manufacturing activity. The region accounts for over 60% of the global market led by the US, UK, Germany, France and Italy. Asia Pacific is also emerging as a major market supported by expanding biologics production in China, India, Japan and South Korea.

Fastest Growing Region

The Asia Pacific region is poised to be the fastest growing market for bioprocess containers during the forecast period. This is attributed to factors like rising healthcare expenditure, increasing R&D investments by global pharmaceutical companies setting up manufacturing units in low-cost countries, and supportive government policies encouraging domestic bioindustries. China and India specifically are likely to drive substantial growth in the APAC bioprocess containers market.

Get more insights on Bioprocess Containers Market

About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

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