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The laboratory consumables primary packaging market size is estimated to grow by USD 1.39 billion at a CAGR of 4.83% between 2023 and 2028. The Laboratory Consumables Primary Packaging Market is experiencing significant growth, driven by several key factors. Firstly, the increasing Research and Development (R&D) activities in the healthcare industry are fueling the demand for advanced laboratory consumables and primary packaging solutions. Secondly, the rapid growth in the outsourcing of laboratory testing services has led to an increased need for reliable and efficient primary packaging solutions to ensure the integrity and safety of samples during transportation and storage. Additionally, the rising demand for biopharmaceuticals and diagnostics is driving the market, as these applications require specialized primary packaging to maintain the stability and efficacy of the products. Overall, the Laboratory Consumables Primary Packaging Market is poised for continued growth due to these and other market trends.
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The Laboratory Consumables Primary Packaging Market is a significant sector that caters to the requirements of various industries for safe and effective storage and transport of laboratory samples. The market is influenced by several factors, including economic growth and policy, material costs, and geopolitical tensions. The historical base and current estimated size of the market outlook are essential for understanding its growth trajectory. The dominant players in this market are constantly adopting strategies to stay ahead of the competition, such as price wars and technological innovations. The use of sustainable materials and eco-friendly technologies is a growing trend in the market, as laboratories seek to reduce their carbon footprint and comply with regulations. Geopolitical analysis plays a crucial role in the market's dynamics, as trade policies and political instability can impact the procurement of raw materials and the pricing of finished products. Substitute products and changing consumer preferences can also impact the market's growth. Overall, the Laboratory Consumables Primary Packaging Market is expected to continue its growth trajectory, driven by the increasing demand for laboratory services and the need for safe and effective sample handling solutions. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing R&D activities in healthcare industry is notably driving market growth. The global market is experiencing significant growth due to the increasing demand for drugs and vaccines in response to the rising number of infectious diseases, such as COVID-19, MERS, influenza, SARS, WNV, Ebola virus, and Monkeypox. This trend is driving research activities among pharmaceutical and biotechnology companies and research institutes, leading to an increased need for laboratory consumables primary packaging products. Investment and funding updates, mergers and acquisitions, partnerships, awards, and expansions are some of the key strategies being adopted by market players to gain a competitive edge. For instance, in 2020, Thermo Fisher Scientific Inc. announced the acquisition of PPD Laboratories, a leading global contract research organization, to expand its contract research services offerings. Similarly, Sigma-Aldrich Corporation entered into a partnership with Bio-Techne Corporation to expand its life science offerings. Despite the growth opportunities, the market is facing intense competition from established players and new entrants. Market leaders are focusing on innovation and product development to maintain their market position. For instance, Corning Incorporated launched its Gorilla Glass D, a new cover glass for microfluidic devices, in 2020. This glass offers improved durability and scratch resistance, making it an ideal choice for laboratory applications. In conclusion, the laboratory consumables primary packaging market is expected to witness robust growth due to the increasing demand for drugs and vaccines, coupled with the adoption of advanced technologies and strategic initiatives by market players. However, the market is highly competitive, and companies need to focus on innovation and product development to maintain their market position. Thus, such factors are driving the growth of the market during the forecast period.
The growing demand for distribution through online channels is the key trend in the market. The market is witnessing significant investment, funding updates, mergers, and acquisitions, driving growth and competition. Manufacturers, such as Bellco Glass Inc., are expanding their distribution networks, reaching end-users directly and through retailers and online channels. E-commerce platforms like Amazon, IndiaMart, and Alibaba, are increasingly selling laboratory consumables primary packaging products, offering convenience and easy access to research laboratories, academic institutes, pharmaceutical and biotechnology companies, healthcare facilities, and chemical laboratories. Partnerships and awards further bolster market growth, with key players collaborating to innovate and improve product offerings. Competition analysis reveals a dynamic market landscape, with manufacturers focusing on product differentiation and cost-effective solutions to maintain a competitive edge. Thus, such trends will shape the growth of the market during the forecast period.
The environmental concerns associated with improper disposal of plastic labware is the major challenge that affects the growth of the market. The laboratory consumables primary packaging market has witnessed substantial growth due to the escalating demand for laboratory activities. This market primarily comprises products made from glass and plastics, including tubes, Petri dishes, beakers, flasks, bottles, and vials. These products are essential for various laboratory measurements and tests. However, the disposal of contaminated or radioactive laboratory consumables primary packaging products can pose significant environmental risks. Indiscriminate disposal of such products may lead to environmental contamination, potentially impacting public health. Furthermore, plastic labware that is not recyclable and ends up in landfills can contribute to environmental pollution. In response to these concerns, there have been several investment, funding updates, mergers, acquisitions, and partnerships in the laboratory consumables primary packaging industry to enhance production capabilities, improve product quality, and ensure sustainable disposal methods. Competition analysis is also a crucial aspect of the industry, with companies focusing on innovation and differentiation to gain a competitive edge. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Becton Dickinson and Co. - The company offers vacutainer blood collection tubes which are designed for research use applications.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The tubes segment is estimated to witness significant growth during the forecast period. The market is driven by various factors, including economic growth, consumer preferences, and regulatory framework. Tubes, a significant product segment in this market, are primarily used for holding, mixing, and heating chemicals in laboratories. These tubes are available in both glass and plastic materials, with an open top and U-shaped bottom.
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The tubes segment accounted for USD 1.63 billion in 2018. The market's expansion is influenced by the increasing number of academic institutions, the growing chemical manufacturing industry, and the availability of diverse tube options. However, geopolitical tensions and economic slowdowns can impact the market's progress. Material costs and regulatory compliance are essential considerations for market players, with sustainability and energy transition emerging as key strategies. Procurement and inventory management are crucial aspects of the market, with product portfolios and capabilities playing a significant role in winning customer preferences. The regulatory landscape is essential, with policies and regulations impacting the market's dynamics.
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APAC is estimated to contribute 44% to the growth of the global market during the market forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The Laboratory Consumables Primary Packaging Market is influenced by various economic, regulatory, and geopolitical factors. Consumer preferences for sustainable and eco-friendly packaging solutions are driving the demand for bio-chemicals and alternative materials. Policy initiatives and regulatory frameworks, such as energy transition and sustainability strategies, are also impacting material costs and procurement. Geopolitical tensions and economic slowdowns can create entry barriers and impact the price analysis of the market. The historical base and estimated outlook of the market are subject to prospective segments, capabilities, and competitive intelligence of leading players. Dominant exporters and importers, such as the United States, China, and Europe, play a significant role in the market dynamics. Substitute products, such as glass and plastic, have a cost of substitute that can influence market share. Price analysis, regulatory compliance, and inventory management are crucial winning strategies for market participants. The market's competitive landscape is shaped by regulations, economic growth, and technological advancements. Capital needed and regulatory frameworks are essential considerations for new entrants. Geopolitical analysis and demographic trends are also crucial for effective business strategies.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is a significant industry that caters to the demand for high-quality packaging solutions for various laboratory applications. The market is influenced by several factors, including economic growth, consumer preferences, policy, material costs, and geopolitical tensions. The regulatory framework plays a crucial role in shaping the market, with sustainability and energy transition being key areas of focus. Strategic procurement, inventory management, and product portfolios are essential capabilities for market players. The market's outlook is positive, with the dominant and leading players focusing on innovation and price analysis to stay competitive. The historical base and estimated growth of the market are influenced by economic slowdowns and substitute products. Geopolitical analysis and demographic trends are essential for understanding the market's prospective segments. Capital Needed and Entry Barriers are essential considerations for new entrants, while Regulations and Cost of Substitute are critical factors for existing players. Understanding the price analysis, top exporters, top importers, and customers is essential for Competitive Intelligence and Winning Strategies. Bio-chemicals and materials are essential technologies in the market, with the industry's future direction influenced by the energy transition and regulatory framework.
Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.83% |
Market growth 2024-2028 |
USD 1.39 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.37 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 44% |
Key countries |
Germany, China, India, Japan, and US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Becton Dickinson and Co., Bellco Glass Inc., Berlin Packaging LLC, Borosil Ltd., BRAND GmbH and Co. KG, Chemglass Inc., Citotest Labware Manufacturing Co. Ltd., CoorsTek Inc., Corning Inc., DELTALAB SL, DWK Life Sciences GmbH, Eppendorf SE, Gerresheimer AG, Gilson Co. Inc., Mettler Toledo International Inc., Poulten and Graf GmbH, Savillex Corp., Thermo Fisher Scientific Inc., VITLAB GmbH, and XRF Scientific Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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