The Global Bioproduction Bottles market is anticipated to grow at a CAGR of around 19.29% during the forecast period, 2022-27, says MarkNtel Advisors in their recent research report. The increasing investments in research & development have led to the growth of the biopharmaceutical industry, thereby increasing the demand for bioproduction bottles.
In addition, the establishment of new biopharmaceutical manufacturing facilities, mergers & acquisitions, and increasing R&D activities have positively influenced the demand for bioproduction bottles across the world. For instance, in 2022, High Purity New England (HPNE), has launched their third manufacturing facility to expand the manufacturing & distribution of Single-use systems & assemblies across the region.
However, the outbreak of the COVID-19 pandemic has brought various challenges to the Global Bioproduction Bottles market by impacting the supply chain of Active Pharmaceutical Ingredients (API), required drugs, along with packaging materials. The biopharmaceutical companies experienced delayed deliveries of primary parenteral packaging consumables, including vials, bottles, syringes, stoppers, containers, etc.
Therefore, several clinical trials & processes were halted due to not being able to obtain basic requirements, resulting in a dramatic reduction in the production of biosimilar & biologics. According to Cancer Research Institute, a total of 386 oncology clinical trials were impacted in May June 2020, owing to the global COVID-19 pandemic.
Nevertheless, as of February 2021, around 1,000 clinical trials have been conducted for developing the COVID-19 vaccines & drugs. As a result, faster approvals by the World Health Organization for the large-scale production of several vaccines have positively impacted the overall market of bioproduction bottles, further states the research report, "Global Bioproduction Bottles Market Analysis, 2027."
Plastic Material Type to Dominate the Global Bioproduction Bottles Market
Based on the material type, the market bifurcates into Plastic & Glass. Among them, Plastic Bioproduction bottles held a considerable share in the Global Bioproduction Bottles market & are expected to remain dominant during the forecast period as well. The factors such as resistance to inorganic chemicals, lightweight, robustness, and availability in different sizes have driven the market for plastic material for bioproduction bottles.
Furthermore, the lower cost of bottles also enables the biomanufacturing companies to choose a feasible option for research & development activities. Furthermore, the use of single-use technologies in plastic bioproduction bottles is one of the major factors, as these single-use systems are extensively used in upstream & downstream processes for increased sterility and reliability. Hence, positively contributing to the growth of the Bioproduction Bottles market.
North America to Hold a Significant Share Owing to the Mounting R&D Activities
Geographically, North America holds a significant share in the Global Bioproduction Bottles market on account of the extensive presence of biopharmaceutical manufacturing companies and the notable increase in the research & development activities across the region.
Moreover, across the North American region, the US has the most biopharmaceutical manufacturing companies, such as Johnson and Johnson, Pfizer, Merck & Co., and others, which have a significant market share in the biopharmaceutical market. Besides, ongoing developments by biopharmaceutical companies for treating a variety of chronic diseases have contributed significantly to the demand for bioproduction bottles across the country.
Additionally, the growing number of clinical trials & burgeoning demand for cell therapies, gene therapies, and personalized medicines have influenced North America to attain the top region in the Global Bioproduction Bottle market, reveals MarkNtel Advisors in their research report, "Global Bioproduction Bottles Market Analysis, 2027."
According to MarkNtel Advisors, the leading players in the Global Bioproduction Bottles Market are Thermo Fisher Scientific, Gerresheimer Glas GmbH, Essco Glass, Spectrum Chemical Manufacturing Corporation, Corning, SGD Pharma, Duran Group, Beatson Clark, Foxx Life Sciences, Others.
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