This market research study presents a detailed segmentation of the global laboratory consumables market by product (tubes, Petri dishes, beakers, flasks, pipettes, and others), and by geography (Americas, APAC, and EMEA). The key vendors identified in the market are Kimble, Duran Group, Bellco Glass, Corning, and VITLAB.
Technavio’s market research analysts estimate the global laboratory consumables primary packaging market to grow at a CAGR of around 5% between 2016 and 2020. Laboratory consumable includes chemical reagents, laboratory instruments and equipment, kits, and other consumables. Rising number of laboratories in the pharmaceutical and biotechnology sectors have boosted the sales of laboratory consumables. Moreover, methods used in the manufacture of laboratory consumables are also changing based on cost-effectiveness, technology, and efficiency. The Americas is the largest market for laboratory consumables primary packaging, accounting for around 40% of the total market share. Growing number of healthcare facilities in the region will increased the demand for laboratory consumables during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the laboratory consumables primary packaging segments by technology.
“Vendors have increased their focus on adopting sustainable materials and reducing the dependency on conventional plastics. The emergence of green plastics or biodegradable plastics, like Eastalite copolyester is readily replacing conventional plastic in the lab. These biodegradable plastics are made from petrochemicals and contain biodegradable additives which can be easily disintegrated by microorganisms and produces less toxic gasses,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
The funnels, condensers, storage boxes, measuring cylinder, microscope slides, test tube, test tube rack, stirrer, and droppers account for 32% of eth total market share. The availability of many products for specific applications and the growing importance of R&D will spur the growth of this segment during the forecast period.
The leading vendors in the global laboratory consumables primary packaging market include Kimble, Duran Group, Bellco Glass, Corning, and VITLAB. This market is highly fragmented owing to the presence of many big and small vendors. The competitive environment is expected to intensify with an increase in product extensions, innovations in technology, an increase in product extensions, and M&A.
A more detailed analysis is available in the Technavio report, Global Laboratory Consumables Primary Packaging Market 2016-2020.
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