From GlobeNewswire: 2024-06-07 02:00:00

The Global Cell Culture Media Storage Containers Market is set to grow from USD 2.1 billion in 2023 to USD 6.67 billion by 2033, with a CAGR of 12.25%. The demand for storage containers is driven by the biopharmaceutical industry’s growth and R&D activities, but the challenge lies in maintaining stability and compatibility with cell culture media formulations.

Storage bags dominate the market segment in cell culture media storage containers, thanks to their cost-saving benefits and growing demand in biopharmaceutical production. Biopharmaceutical production is a key segment driving the market, as the industry relies heavily on cell culture techniques to manufacture biological products like therapeutic proteins.

The pharmaceutical & biotechnology companies segment leads the market in cell culture media storage containers during the forecast period. North America dominates the market due to the region’s healthcare infrastructure and growing demand for biologics, while the Asia-Pacific region is expected to show significant growth thanks to favorable government policies and an expanding biopharmaceutical industry.

Key players in the market include Merck KGaA, Sartorius AG, Corning Incorporated, and Thermo Fisher Scientific Inc. Recent developments, such as Merck KGaA’s expansion of its US facilities for manufacturing storage containers, are contributing to the market’s growth. The market is segmented by product, application, and end-user, with regional analysis covering North America, Europe, Asia-Pacific, and more.



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