PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1482461
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1482461
Global bioprocess containers market is estimated to be valued at USD 3.67 Bn in 2024 and is expected to reach USD 9.52 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 3.67 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 14.60% | 2031 Value Projection: | US$ 9.52 Bn |
Global bioprocess containers market has witnessed significant growth in the recent years owing to rising demand for biopharmaceuticals produced through recombinant techniques. Bioprocessing containers find wide application in the cultivation of microbial, plant, insect and mammalian cells which are further utilized for developing various biologics and biopharmaceuticals. These aid in maintaining sterile conditions and support cell growth during different stages of cell cultivation like shake flasks, benchtop and large-scale bioreactors. Moreover, advances in single-use bioprocessing technologies along with the development of novel cell culture media has boosted the production of complex therapeutic proteins through microbial fermentation. Rising productivity and flexibility offered by disposable and single-use bioprocessing systems can boost demand for bioprocess containers in the near future.
Global bioprocess containers market growth is primarily driven by increasing demand for monoclonal antibodies and recombinant proteins for treating various chronic diseases. Biopharmaceutical companies are extensively adopting single-use technologies to reduce capital investment and facility setup costs, and this is positively impacting the market growth. However, stringent regulations pertaining to product approvals and lack of skilled professionals may hamper the market growth. The emergence of continuous manufacturing approaches and use of advanced sensors to monitor culture parameters present new opportunities for the market growth. Adoption of integrated bioprocessing systems and pre-sterilized containers could gain traction during the forecast period.
Detailed Segmentation-