NEW YORK , Dec. 10, 2021 /PRNewswire/ -- The global laboratory consumables primary packaging market is fragmented with the presence of several global and regional players. Prominent players in the market are focusing on developing advanced and high-quality products with enhanced durability in order to remain competitive in the market. For instance, In July 2021 , the company launched Hyundai Mobis to enable augmented reality heads-up display systems. In June 2021 , Corning Inc. launched Corning SMF 28 to accelerate network transformation to 5G. Similarly, in October 2021 , Thermo Fisher Scientific Inc. launched a wastewater isolation Kit for SARS-CoV-2 surveillance. Such developments among vendors are accelerating the growth of the laboratory consumables primary packaging market.
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Technavio analyzes the "Laboratory Consumables Primary Packaging Market by Product (Tubes, Petri dishes, Beakers, Flasks, and Other products) and Geography (APAC, North America , Europe , South America , and MEA)". The report estimates the market size to grow by USD 1.28 billion between 2020 and 2025, expanding at a CAGR of 4.71% during the forecast period. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
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The increasing R&D activities in the healthcare industry will drive the growth of the market. The continuous rise in the prevalence of various infectious diseases is forcing pharmaceutical companies to increase their R&D efforts to develop novel drugs and vaccines to treat patients. This is increasing the demand for laboratory consumables, which, in turn, is fueling the demand for laboratory consumables primary packaging.
In addition, the rapid growth in outsourcing of laboratory testing services will have an accelerating effect on the growth of the market. However, environmental concerns associated with improper disposal of plastic labware will challenge market growth.
Laboratory Consumables Primary Packaging Market: Segmentation Analysis
By product, the market witnessed maximum demand for tubes in 2020. The segment is driven by the wide use of tubes for growing microorganism cultures by pharmaceutical and biotechnology companies. The market growth in the tubes segment will be significant during the forecast period. In terms of geography, the market will observe significant growth in Europe . The region is currently dominating the market with a 30% global market share. Germany and the UK are the key markets for laboratory consumables primary packaging market in Europe .
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Some Companies Mentioned with their Offerings
Becton Dickinson and Co.: The company offers laboratory consumables primary packaging products such as BD Vacutainer blood collection tubes.
Bellco Glass Inc.: The company offers laboratory consumables primary packaging products such as Griffin Beaker Heavy Wall SKU and Standard Wall Beaker.
CoorsTek Inc.: The company offers laboratory consumables primary packaging products such as Single Bore Ceramic Tubes, Double Bore Ceramic Tubes, and Four Bore Ceramic Tubes.
Corning Inc.: The company offers laboratory consumables primary packaging products such as Falcon Pipet Controller.
DWK Life Sciences GmbH: The company offers laboratory consumables primary packaging products such as Move It pipettes with adjustable tip spacing, Eppendorf Research plus, and Multipette M4.
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Healthcare and Laboratory Labels Market by End-user and Geography - Forecast and Analysis 2022-2026
Healthcare Packaging Market by Product, Packaging, and Geography - Forecast and Analysis 2021-2025
Laboratory Consumables Primary Packaging Market Scope
Accelerate at a CAGR of 4.71%
APAC, North America, Europe, South America, and MEA
China, US, Germany, India, and UK
Leading companies, competitive strategies, consumer engagement scope
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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