Mexico Bioprocess Bags Market Size & Outlook, 2024-2030
Mexico bioprocess bags market, 2018-2030 (US$M)
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Mexico bioprocess bags market highlights
- The Mexico bioprocess bags market generated a revenue of USD 30.1 million in 2023 and is expected to reach USD 92.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 17.4% from 2024 to 2030.
- In terms of segment, 2d bioprocess bags was the largest revenue generating product in 2023.
- 3D bioprocess bags is the most lucrative product segment registering the fastest growth during the forecast period.
Bioprocess bags market data book summary
| Market revenue in 2023 | USD 30.1 million |
| Market revenue in 2030 | USD 92.4 million |
| Growth rate | 17.4% (CAGR from 2023 to 2030) |
| Largest segment | 2d bioprocess bags |
| Fastest growing segment | 3D bioprocess bags |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2D bioprocess bags, 3D bioprocess bags, Other bags & accessories |
| Key market players worldwide | Thermo Fisher Scientific Inc, Sartorius AG, Danaher Corp, Merck KGaA, Compagnie de Saint-Gobain SA, Corning Inc, Entegris Inc, Meissner, ProAnalytics, CellBios |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.9% of the global bioprocess bags market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bioprocess bags market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 85.7 million by 2030.
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Bioprocess Bags Market Scope
Bioprocess Bags Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico bioprocess bags market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bioprocess bags market will help companies and investors design strategic landscapes.
2d bioprocess bags was the largest segment with a revenue share of 46.51% in 2024. Horizon Databook has segmented the Mexico bioprocess bags market based on 2d bioprocess bags, 3d bioprocess bags, other bags & accessories covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is one of the largest biotechnology markets in Latin America. The country has emerged as a potential hub for biopharmaceutical products owing to the presence of skilled scientists, low manufacturing costs, and an advanced legal framework. Moreover, the high penetration of U.S.-based biotechnology companies in Mexico has supported the country’s biotechnology and biomanufacturing sectors.
In addition, the country’s government has prioritized growth and innovation in the biopharmaceutical space. Thus, growing biopharmaceutical and biotechnology industries in the country are anticipated to create high demand for bioprocess bags and support market growth. However, limited R&D investments may hamper the market growth during the forecast period.
Existing biomanufacturing players are adopting bioprocess bags to accelerate the development of biopharmaceuticals. For example, ILC Dover LP, a Delaware-based company, announced expansion plans in Juarez, Mexico, in March 2022. The expansion was planned after the successful launch of the company’s liquid single-use bioprocessing bags for biotherapeutics production.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico bioprocess bags market , including forecasts for subscribers. This country databook contains high-level insights into Mexico bioprocess bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico Bioprocess Bags Market Outlook Share, 2024 & 2030 (US$M)
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