Published Date: 28-Feb-2022
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According to a new report Global Bioprocess Containers Market, published by KBV research, The Global Bioprocess Containers Market size is expected to reach $11.9 billion by 2027, rising at a market growth of 26.2% CAGR during the forecast period.
The 3D Bioprocess Containers market is expected to witness a CAGR of 26.6% during (2021 - 2027). This is owing to the rising adoption of the 3D bioprocess containers because of the less labor cost along with the faster processing.
The Upstream Processes market is generating high revenue in the Global Bioprocess Containers Market by Application 2020, thereby, achieving a market value of $7.5 billion by 2027. This is because the upstream process segment is the major user of the bio process containers. The bioprocess containers are mainly used while culture media processing and fermentation in the upstream processes.
The Pharmaceutical & Biopharmaceutical Companies market acquired maximum revenue share in the Global Bioprocess Containers Market by End User 2020, thereby, achieving a market value of $5.3 billion by 2027. This is attributed to the growing demand for biopharmaceuticals among the old aged population due to the high risk of many diseases. As a result, there has been a shift in the focus of the biopharmaceutical industry towards providing biologicals at reasonable prices. This rise in the production of a biologics is rising the demand for bio process containers.
The North America market region is leading the Global Bioprocess Containers Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4.9 billion by 2027. The Europe market is expected to witness a CAGR of 25.7% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 26.3% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Saint-Gobain Group, Thermo Fisher Scientific, Inc., Danaher Corporation, Merck Group, Avantor, Inc., Parker Hannifin Corporation, Corning Incorporated, Entegris, Inc., Lonza Group Ltd., and Sartorius Stedim Biotech S.A. (Sartorius AG).
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