Bioprocess Bags Market
Bioprocess Bags Market By Type(2D, 3D), By Capacity (Small, Medium, Large, Extra Large), By End-use Industry (Biotechnology, Pharmaceuticals), By Application, By Region - Global Market Forecast 2020-2030
Global Bioprocess Bags Market Overview
The global bioprocess bags market is poised to embark on a positive growth trajectory, registering a CAGR of 9% over the forecast period (2020-2030). Growth is attributed to surging demand for bioprocess bags from the biotechnology industry. Growing concerns regarding purity levels in biotech firms and ever-increasing scrutiny from regulatory bodies have surged the demand for bioprocess bags across the whole production process of biopharmaceuticals.
Bioprocess bags are compatible against a wide temperature range, and can operate without being negatively affected, making them suitable for high temperature applications to frozen applications. These factors are set to drive the expansion of the global bioprocess bags market size over the next ten years.
Avail customized purchase options for your needs
Bioprocess Bags Market Insights by Application
Bioprocess bags are able to maintain their mechanical properties across a wide range of process temperatures, which reduces assembly breakage. In result, they have become the ideal choice for bioprocessing and transport applications. Increasing demand for bioprocessing bags from applications such as media preparation & storage, cell culture, cell harvesting, buffer preparation & storage, and others are set to drive this segment at a leading growth rate of 7% during the forecast period.
Apart from this, bioprocess bags are gaining traction in the pharmaceutical industry for applications such as bulk API transport & storage, cold storage applications, sampling etc. Attributed to this, the pharmaceutical end-use industry in the bioprocess bags market is poised to expand at a CAGR of over 5% during the forecast period.
Regional Outlook of Bioprocess Bags Market
Rapid growth of biotechnology firms and growing demand for biopharmaceuticals from the United States has made it a biotech hub in the world. United States biotech firms were responsible for over three-fourth of new biopharmaceutical drugs approved by the U.S. Food and Drug Administration in 2018 and 2019. Heart disease and cancer are leading causes of death in the United States, and in response, several investments have been made towards cell therapy and cell culture.
The United States is a market leader in the development of cell therapy which has driven the consumption of bioprocess bags in the region during the historical period. The scenario is projected to continue, as cellular- and gene therapy-related research & development is advancing rapidly in the country.
Increasing research & development activities in biotech sectors and initiatives by the Chinese Government are set to drive the biotech market in the country at a leading growth rate of 10% through 2030.
Bioprocess Bags Market Manufacturers
The global bioprocess bags market is highly consolidated in nature, where top players currently account for over half of global sales. Currently, Saint Gobain, Sartorius AG, Thermo Fisher Scientific, Merck, and Danaher Corporation are prominent suppliers of bioprocess bags. Numerous organic and inorganic strategies such as acquisitions and collaborations by these manufacturers will allow them to maintain their dominance over the coming years.
- For instance, in 2019, Saint-Gobain’s Life Sciences partnered with Samsung BioLogics to construct industrial installation of single-use systems for bioprocesses in Seoul. With this strategic partnership, the company will strengthen its presence in Asia Pacific.
- In 2019, Sartorius completed its new Cell Culture Technology Center. With this strategic approach, the company forward-integrated itself, which will create high profit margins for itself.
COVID-19 Impact on Bioprocess Bags Market
The spread of coronavirus has contracted the global economy into an all-time great recession. In response to this pandemic crisis, nearly all countries have been under lockdowns for nearly two quarters. Even after the easing of lockdowns, strict social distancing measures have been implemented across the world. This has forced a decrease in the numbers of workers across production plants, which is preventing plants from operating at full efficiency.
The scenario is projected to continue if no significant cure is found by researchers soon. Attributed to these factors and according to the IMF (International Monetary Fund), the COVID-19 outbreak is set to leave a permanent scar on the global economy, which may recover by 2022.
However, global healthcare and biotechnology industries are some of the least affected sectors, and are set to rebound early over other business segments. Further, failure of pharmaceutical drugs has attracted numerous investments in the biotech industry, which is poised to create a positive scenario for manufacturers in the bioprocess bags market space. Also, biotech firms have claimed that, there has been no significant impact on the biotech supply chain. But the dire situation in the United States and European region, coupled with the fear of lockdowns in phase two, may change the scenario by the end of 2020.
An Adaptive Approach to Modern-day Research Needs
The Analyst’s Viewpoint
“Efficacy to withstand temperature range up to -196° Celsius is set to surge demand in ultra-frozen storage and transport applications, creating ample opportunities for players in the bioprocess bags market.”
Bioprocess Bags Market: About the Report
Fact.MR published an exclusive forecast report on the bioprocess bags market for 2020 and 2030. The foremost objective of this report is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the bioprocess bags market. Also, the study on the bioprocess bags market addresses key dynamics that are expected to diversify the sales and future prominence of the bioprocess bags market.
The report on the bioprocess bags market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the bioprocess bags market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the bioprocess bags market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key buying factors for bioprocess bags.
Supply chain analysis and pricing analysis of the bioprocess bags market along with the difference between bioprocess bags used as per application has also been included in the report, to help readers clearly understand the product framework map in the bioprocess bags market.
Interested to Procure The Data
Bioprocess Bags Market: Segmentation
Fact.MR has segmented the bioprocess bags market on the basis of type, capacity, application, end-use industry, and region.
- Extra Large
- Buffer & Media Storage
- Cell Culture
- Cell Separation & Harvest
- Chromatography Feed & Collection
- Ultrafiltration & Diafiltration
- Intermediate & Final Product Hold
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
“This Table of Contents prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
- FAQs -
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
Snowboard Bags Market to witness healthy growth by 2028. The growing Winter Sports Industry is spur...
Sleeping Bags Market expects to reach US$ 3.46 billion valuations by 2032 at 7.1% CAGR. North Americ...
Empty IV Bags Market to grow at a healthy CAGR during the forecast period of 2021-2031. The prevalen...