According to MarkNtel Advisors study the Global Bioproduction Bottles Market is projected to grow at a CAGR of around 19.29% during the forecast period, i.e., 2022-27.
“In case you missed it, we are currently revising our reports. Click on the below to get the most latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.”
Access Free Sample Report - https://www.marknteladvisors.com/query/request-sample/global-bioproduction-bottles-market.html
Key Findings of the Study: Bioproduction Bottles market
Key Driver: Rapid Development of Vaccines to Induce Demand for Bioproduction Bottles
The growth of the Global Bioproduction Bottles Market attributes primarily to the growing research & development on vaccines worldwide & their commercialization, coupled with biopharmaceutical companies worldwide planning to expand their production capacities.
- In 2018, Sanofi announced its plans to double its vaccine output by 2023 in Canada by establishing a vaccine production plant worth USD 431 million to manufacture five-component Acellular Pertussis (5-aP) Antigen & new pertussis (whooping cough) vaccine.
- In 2019, IDT Biologika launched its new vaccine production plant in the BioPharmaPark area in DessauRosslau, Germany.
Furthermore, the Covid-19 pandemic in 2020 increased the focus of various governments worldwide to develop local biopharmaceutical sectors across different countries. Besides, the biopharmaceutical companies initiated the development & manufacturing of Covid-19 vaccines around the US, the UK, Canada, etc. Hence, this has further positively impacted the growth of the Global Bioproduction Bottles Market.
Growth Challenge: Supply Chain Disruptions Associated with Bioproduction Bottles
The most prominent factor w.r.t to the Covid-19 vaccine manufacturing has been the availability of consumables. However, the sporadic availability of raw materials required for manufacturing consumables like bottles, single-use bags, tubing, sterile filters, tubes, stoppers, etc., significantly hampered the sales of bioproduction bottles in the first half of 2020. For instance:
- In 2020, due to the Covid-19, companies involved in biopharmaceuticals and biotech & life sciences faced problems while manufacturing bottles due to the shortage of consumables, which, in turn, resulted in a lot of pressure on the supplier side while meeting the consumer demand.
Moreover, since organizations planned to change their product & service portfolio, there were shortages of biopharmaceutical equipment & supplies, viz., single-use bioprocessing technologies, bioreactors, analytical support, etc., even before the pandemic. It also hampered the Global Bioproduction Bottles Market to some extent.
Hence, the reduced production of Bioproduction bottles due to the global supply chain disruptions provided severe challenges to the market in the historical period, where the market would have performed well & experienced considerable growth.
For more detailed information about the Bioproduction Bottles market report, click here – https://www.marknteladvisors.com/research-library/global-bioproduction-bottles-market.html
Scope of the Report and Bioproduction Bottles Market Segmentation:
By Material Type
- Plastic
- Polycarbonate
- Polyethylene terephthalate glycol (PETG)
- High-density polyethylene (HDPE)
- Others (Fluorinated ethylene propylene (FEP), Perfluoroalkoxy alkanes (PFA))
- Glass
By Capacity Type
- Upto 30 ml
- 30 to 60 ml
- 60 to 100 ml
- 100-250 ml
- 250 to 500 ml
- 500 to 1000 ml
- 1000 to 2000 ml
- Above 2000 ml
By Application
- Sampling System
- Media Preparation
- Mixing
- Storage
- Others
By Development Phase
- Clinical
- Commercial
By Component
- Drug Substance
- Drug Product
By Molecule Type
- Protein
- Gene Therapy
- Cell Therapy
- Conventional Vaccines
Of them all, plastic bioproduction bottles held a considerable share in the Global Bioproduction Bottles Market during 2017-2020.
Geographical Analysis:
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
Of all regions globally, North America captured the highest market share in the Bioproduction Bottles Market during 2017-20.
Note: If you require specific information not covered in the current report, we can provide it through customized option
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India