Global Bioprocess Bags Market to Reach New Heights by 2030: Comprehensive Size and Share Analysis
The global bioprocess bags market is projected to witness a positive growth trajectory , with a compound annual growth rate ( CAGR ) of 9 % during the forecast period ( 2020 to 2030 ) . The increase is attributable to a surging demand for bioprocessing bags from the biotechnology industry. The demand for bioprocess bags across the entire biopharmaceutical production process has skyrocketed due to growing concerns over purity levels in biotechnology companies and increased scrutiny by regulatory bodies .
"Strong and sustained growth in the pharmaceutical
sector, coupled with financial support from government research and development
agencies on bio-based products are key factors driving the market of bioprocess
bags," says the Fact.MR report.
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Bioprocess Bags Market - Takeaways
·
Reusable bioprocess bags are expected to grow
strongly due to their cost advantages , especially with their increased
adoption in academia and research .
·
Biopharmaceutical applications account for a
significant share of the market due to the trend towards disposable products
among contract service providers in the sector .
·
North America is a key market for bioprocess
bags , given the large number and size of biopharmaceutical production
facilities , particularly in the United States .
Bioprocess Bags Market - Drivers
· The use of bioprocess bags for media
preparation and transportation of biological materials is a key factor driving
the market growth .
· Technological advancements, such as
automation and machine learning in bioprocessing , are fostering an enabling
environment for market players .
Bioprocess Bags Market - Constraints
- Lack
of adequately skilled professionals to work with bioprocess bags is a
major challenge, hindering adoption rates.
- Lack
of awareness about the application of bioprocess bags, especially in
developing countries is an obstacle to market growth.
Competition Landscape
Some of the major players in the bioprocessing bags market
include Danaher Corporation, Saint Gobain , Merck, Sartorius AG , Thermo Fisher
Scientific, Corning Incorporated , and Entegris Inc., to name a few .
In the bioprocess bags market , major manufacturers are primarily looking to
expand their production capacities , and strategic mergers and acquisitions are
gaining importance among market players for long - term consolidation .
For example , Meissner announced the start of production at its single - use
bioprocessing production facility in Ireland , which includes bioprocessing
bags for the biopharmaceutical industry . Cytiva , a subsidiary of Danaher
Corp , said it plans to invest $ 500 million to meet growing demand for
bioprocessing equipment , including bags . Additionally , Astra Zeneca has
partnered with Samsung Biologics for large - scale production of drug materials
and bioprocessing equipment .
More on the Report
FACT.MR's market research report provides insights on the
bioprocess bags market. The market is segregated by type (2D and 3D), capacity
(small, medium, large, and extra-large), end use industry (biotechnology and
pharmaceuticals), and application (buffer & media storage, cell culture,
cell separation & harvest, chromatography feed & collection,
ultrafiltration & diafiltration, Intermediate & final product hold)
across six key regions (North America, Latin America, Europe, East Asia, South
Asia & Oceania, and Middle East and Africa).
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