Laboratory Flasks Market, By Type (Conical Flask, Round-bottom Flask, Florence Flask, Volumetric Flask, Büchner Flask, Others), By End Use (Research & Academic Institutes, Hospitals and Diagnostic Centers, Pharmaceutical & Biotechnology, Contract Research Organizations, Food & Beverage, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026.
Laboratory Flasks Market, By Type (Conical Flask, Round-bottom Flask, Florence Flask, Volumetric Flask, Büchner Flask, Others), By End Use (Research & Academic Institutes, Hospitals and Diagnostic Centers, Pharmaceutical & Biotechnology, Contract Research Organizations, Food & Beverage, Others), and Region...
The Laboratory Flasks Market is estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of 3.8% during the forecast period.
Laboratory (lab) flasks are used in most clinical, biological, and industrial settings. Lab flasks are produced from either glass or plastics. The plastic materials consists of polypropylene, polycarbonate, polymethyl pentene, or PTFE. These flasks come in different shapes and sizes depending on the application to be used in. Laboratory flasks have been extensively employed by pharmaceutical and biotechnological industries for cell culture and related experiments.
Covid-19 Impact Analysis
The COVID-19 pandemic has positively influenced the laboratory flasks industry. Rising coronavirus cases across the globe created a burden on the medical and research community to speed up the R&D activities to produce vaccines, which boosted the usage of laboratory flasks, thus boosted the industry growth amid the pandemic.
Key Players
Key players operating in the Laboratory Flasks Market are-
Loparex (US)
Lintec (Japan)
3M (US)
Saint-Gobain (France)
Siliconature (Italy)
Oji F-Tex (Japan)
Fujiko (Japan)
Formula (India)
Mitsubishi Polyester (Japan)
Adhesives Research (US)
Market Dynamics
The Laboratory Flasks market is majorly driven by low binding flasks and auto clavable plastic flasks for usage in upstream processing in biotechnology sector. Also, rising demand for plastic over glass flasks owing to its feasibility in usage & maintenance offers significant growth potential. Moreover, increase in R&D spending & activities, rise in chemical synthesis & drug discovery applications, and surge in biotechnology companies further augments the industry growth during the review period.
Segment’s Analysis
End UseTrends
Based on end use, the laboratory flasks market has been classified into research & academic institutes, hospitals and diagnostic centers, pharmaceutical & biotechnology, contract research organizations, food & beverage, and others. The research & academic institutes segment accounted for the largest market in 2020 owing to rising research activities coupled with growing tendency of young students towards innovation in academic institutes.
Regional Trends
By region, the North America Laboratory Flasks market accounted a significant share in 2020 and is expected to grow at a robust CAGR during the review period. The Laboratory Flasks market growth is mainly attributed to strong presence of end-use sectors such as food & beverages, medical, research & academic institutes, pharmaceutical companies, and hospitals. Also, high medical expenditure, further augments the market growth.
The Asia Pacific Laboratory Flasks market is expected to grow at the healthy CAGR during the review period. This is mainly ascribed to increasing academic research activities, supportive government investment on R&D activities, and easy availability of raw material, further bolsters the regional market growth.
Critical Questions Answered in the Report
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the laboratory flasks market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.
What are the key trends in the laboratory flasks market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
What is the impact of COVID-19 on laboratory flasks market?
What are the key strategies adopted by the major vendors to lead in the laboratory flasks market?
What is the market share of the top vendors?
Target Audience
The target audience of Laboratory Flasks Market includes-
Laboratory Flasks Vendors
Laboratory Flasks Manufacturers
Laboratory Flasks Distributors
Organizations
Government Bodies.
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The Laboratory Flasks Market is estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of 3.8% during the forecast period.
The target audience of Laboratory Flasks Market includes Laboratory Flasks Vendors, Laboratory Flasks Manufacturers, Laboratory Flasks Distributors, Organizations, Government Bodies.
The Laboratory Flasks market is majorly driven by low binding flasks and auto clavable plastic flasks for usage in upstream processing in biotechnology sector. Also, rising demand for plastic over glass flasks owing to its feasibility in usage & maintenance offers significant growth potential.
