How Will The Bioprocess Containers Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s bioprocess containers market report forecasts the bioprocess containers market size to grow to $10.03 Billion by 2027, with a CAGR (compound annual growth rate) of more than 25%.
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Bioprocess Containers Market Size Forecast
The global bioprocess containers market is expected to grow from $3.27 billion in 2022 to $4.08 billion in 2023 at a compound annual growth rate (CAGR) of 24.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bioprocess containers market size is expected to grow to $10.03 billion in 2027 at a CAGR of 25.2%.
North America held the largest bioprocess containers market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Bioprocess Containers Market Driver – Rise In Biopharmaceutical R&D Activities
For instance, according to an institutional report published in February 2022 by IQVIA, an American multinational pharmaceutical industry company, the global biopharmaceutical industry continues to flurry, with more than 6,000 products in active development and a growing share of that innovation coming from a new geographic region, a 68% increase compared to 2016. Therefore, the rise in biopharmaceutical R&D is driving the growth of the bioprocess containers market.
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Key Bioprocess Containers Market Trend – Technological Advancement
Major companies operating in the bioprocess container market are focused on providing technologically advanced products to meet rapidly changing industry demand and strengthen their market position. These companies are implementing next-generation technologies into their products such as depth filtration, disposable chromatography, sterile filtration, ultrafiltration (UF)/defiltration (DF), virus filtration, and others. These technologically advanced products offer better sample protection, productivity, and other benefits. For instance, in February 2021, Thermo Fisher Scientific, a US-based analytical laboratory instrument manufacturing company, introduced CentriPAK BPC, mainly used with the Sorvall BIOS 16 centrifuge. It is a centrifugation bioprocess container for closed-system handling of critical sterile liquids and offers unmatched sample protection from contamination and enhanced laboratory productivity.
Bioprocess Containers Market Segment
1) By Type: 2D Bioprocess Containers, 3D Bioprocess Containers, Tank Liners, Other Containers & Accessories
2) By Application: Process Development, Upstream, Downstream
3) By End User: Biopharmaceutical Companies, Life Science R&D Companies, Other End Users
Bioprocess Containers Market Major Players and Strategies
Major players in the bioprocess containers market are Sartorius Stedim Biotech, Thermo Fisher Scientific, Danaher Corporation, Merck Millipore, Sartorius AG, Lonza, Meissner Filtration Products Inc., Cole-Parmer Instrument Co., Optimum Processing Inc., Avantor Inc., Saint-Gobain SA, Rim Bio, Abec Inc., Entegris, Inc., and Corning Incorporated.
In June 2021, Avantor Inc., a US-based chemicals and materials company, acquired RIM Bio for an undisclosed amount. This acquisition enables Avantor to serve the customers by expanding single-use manufacturing, distribution, and cleanroom capabilities to the AMEA (Asia-Pacific, Middle East, and Africa) region. RIM Bio is a US-based company that provides a complete range of single-use 2D bags, 3D bags, tank liners, bag assemblies, and multi-bag manifolds.
The Bioprocess Containers Global Market Report 2023 covers regional data on bioprocess containers market size, bioprocess containers market trends and drivers, opportunities, strategies, and bioprocess containers market competitor analysis. The countries covered in the bioprocess containers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Bioprocess containers are single-use containers that are used for critical sterile liquid-handling applications in the biopharmaceutical industry. It is used for liquid cell culture media, reagents, buffers, containment, and storage vessels for intermediate and final products yielded from manufacturing processes.
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