The Laboratory Flask Market To Stay Strong In The Forecast Period
Laboratory (lab) flasks are found in most biological, clinical and industrial laboratories. They are used for variety of other applications. Lab flasks are made from either glass (borosilicate or soda lime) or plastics. The plastic materials include polycarbonate, polypropylene, polymethyl pentene, or PTFE. Laboratory flasks come in various shapes and sizes depending on the application to be used in. Laboratory flasks have been widely used by pharmaceutical and biotechnological industries for cell culture and other experiments.
Recent trends in the laboratory flask market is launch of flasks with cap. These flasks solve the purpose of storage of reagents or reactions after the experiment is completed. Other features which manufacturers are focused on include auto clavable plastic flasks and low binding flasks for application like upstream processing in biotechnology industry. Demand for plastic over glass has been significant over the last decade due to feasibility in usage and maintenance.
Manufacturers in the laboratory flask market are also focused on both manufacturing and distribution of products in emerging as well as developed markets. Prominent manufacturers like Borosil and Schott, prefer to distribute their own products over third party suppliers. Rise in R&D spending and activities, increase in biotechnology companies worldwide, increase in chemical synthesis and drug discovery applications are some of the key factors that are driving the growth of the laboratory flask market. Rise in demand for easy and ready to use flasks like disposable flasks have created huge opportunities for the manufacturers in this market.
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Some of the main market players for laboratory flask are:
- Thermo Fisher Scientific Inc
- DWK Life Sciences
- Corning Incorporated
- GLASWARENFABRIK KARL HECHT GMBH &CO KG
- Glass CO
- VEE GEE Scientific
- Paul Marienfeld Gmbh &Co. KG
- Hirschmann lab
- Guangzhou MeCan Medical Limited
- Acumen Labware
- G K Scientifics
A shift from glass to plastic polymers has made many new entrants step in the market. Demanding applications in pharmaceutical and biopharmaceutical industry has led to rise in manufacturing capabilities of key manufacturers like Borosil.
However, some factors such as lack of instruments to maintain the laboratory flasks like, autoclaving and sterilization equipment and inefficient work force to operate these instruments is a major restraint for the market growth. Cost of flasks is another factor in developing regions as the usage is more in research and scientific experiments. Increasing research activities for new drug discoveries is going to lead the way for the market growth.
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Based on Product type, laboratory flask market is segmented into the following:
- Baffled flask
- Conical flask
- Volumetric flask
- Round bottom flask
Based on Usability type, laboratory flask market is segmented into the following:
Based on material type laboratory flask market is segmented into the following:
Based on end user laboratory flask market is segmented into the following:
- Research and Academic institutes
- Pharmaceutical and biopharmaceutical companies
The COVID-19 impact on the laboratory flask market was very positive. Increasing in research for COVID generated a surge for laboratory flasks. The laboratory flask market will rapidly grow over the forecast period owing to extensive research and development. Based on product type, conical flasks is expected to lead the market in terms of revenue. With this, growing number of laboratories, academic institutes and biotechnology companies will pose opportunities for the product manufacturers.
R&D spending in North America will contribute to grow the laboratory flask market. By usability, re- usable or autoclavable flasks will lead the market. These flasks are cost effective to use in comparison to the disposable ones. By material type, plastic flasks have been popular in the laboratory flask market. These flasks are convenient to use and risk of breakage is negligible.
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North America and Europe will lead the laboratory flask market as these regions have advance set ups in laboratories and other end user categories. North America and Europe are the leading regions in terms of research and development across the globe. Also, collaboration activities between premium research institutes and pharmaceutical companies will further expand the demand of laboratory shake flasks. Asia-Pacific, Oceania, are expected to be profitable markets over the forecast period due to high penetration of research and development projects.
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