Laboratory Consumables Primary Packaging Market by Product and Geography - Forecast and Analysis 2021-2025

The laboratory consumables primary packaging market share is expected to increase by USD 1.28 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.71%. This laboratory consumables primary packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The laboratory consumables primary packaging market report also offers information on several market vendors, including Becton Dickinson and Co., Bellco Glass Inc., CoorsTek Inc., Corning Inc., DWK Life Sciences GmbH, Eppendorf AG, Mettler Toledo International Inc., Thermo Fisher Scientific Inc., VITLAB GmbH, and XRF Scientific Ltd. among others. Furthermore, this report extensively covers laboratory consumables primary packaging market segmentation by product (tubes, petri dishes, beakers, flasks, and other products) and geography (APAC, North America, Europe, South America, and MEA).

What will the Laboratory Consumables Primary Packaging Market Size be During the Forecast Period?

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Laboratory Consumables Primary Packaging Market: Key Drivers and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing R&D activities in the healthcare industry are notably driving the laboratory consumables primary packaging market growth, although factors such as environmental concerns associated with improper disposal of plastic labware may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laboratory consumables primary packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Laboratory Consumables Primary Packaging Market Driver

The prevalence of infectious diseases, such as coronavirus disease (COVID-19), the Middle East Respiratory Syndrome (MERS), influenza, and severe acute respiratory syndrome (SARS), has been increasing significantly across the globe. The rising number of COVID-19 cases is fueling the demand for the development of drugs and vaccines to treat the patients, which increased the research activities across the globe. This, in turn, is increasing the demand for laboratory consumables primary packaging products among the pharmaceutical and biotechnology companies and research institutes engaged in drug development for various purposes. These factors propel the growth of the global laboratory consumables primary packaging market. 

Key Laboratory Consumables Primary Packaging Market Challenge

Laboratory consumables primary packaging products contaminated with biologically hazardous materials or exposed to radioactive substances may have a huge impact on the environment while disposing of. Indiscriminate disposal of such laboratory consumables primary packaging products may contaminate the environment. In addition, the plastic labware that cannot be recycled if disposed of in landfills may result in environmental pollution, which, in turn, may impact public health. Moreover, laboratory consumables primary packaging products, such as broken glassware and plasticware, may cause sharp-inflicted injuries if not disposed of properly in the trash. All these factors can hamper the growth of the global laboratory consumables primary packaging products market to a certain extent during the forecast period. 

This laboratory consumables primary packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Laboratory Consumables Primary Packaging Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Becton Dickinson and Co.
• Bellco Glass Inc.
• CoorsTek Inc.
• Corning Inc.
• DWK Life Sciences GmbH
• Eppendorf AG
• Mettler Toledo International Inc.
• Thermo Fisher Scientific Inc.
• VITLAB GmbH
• XRF Scientific Ltd.

This statistical study of the laboratory consumables primary packaging market encompasses successful business strategies deployed by the key vendors. The laboratory consumables primary packaging market is fragmented and the vendors are deploying growth strategies such as developing advanced and high-quality products with increased durability to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The laboratory consumables primary packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Laboratory Consumables Primary Packaging Market?

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30% of the market’s growth will originate from Europe during the forecast period. Germany and the UK are the key markets for laboratory consumables primary packaging in Europe. Market growth in Europe will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Laboratory Consumables Primary Packaging Market?

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The laboratory consumables primary packaging market share growth by the tubes segment will be significant during the forecast period. Tubes are widely used laboratory consumables primary packaging products. They are used to hold, mix, and heat various chemicals during experiments. They are also used for growing microorganism cultures. The increasing number of academic institutes, rapid growth in the number of chemical manufacturers, increasing availability of a wide range of tubes are the major factors contributing to the growth of the tubes segment of the laboratory consumables primary packaging market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the laboratory consumables primary packaging market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Laboratory Consumables Primary Packaging Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive laboratory consumables primary packaging market growth during the next five years
• Precise estimation of the laboratory consumables primary packaging market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the laboratory consumables primary packaging industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of laboratory consumables primary packaging market vendors

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