Laboratory Sieve Shaker Market Is Driven By Increasing Focus On...

Laboratory Sieve Shaker Market Is Driven By Increasing Focus On Quality Control In Pharmaceutical Industry

Posted 2024-04-05 12:46:35

The laboratory sieve shaker market is witnessing robust growth owing to rising demand for particle size analysis across various industries including pharmaceutical, chemical, food & beverages. Laboratory sieve shakers are equipment used to separate dry solid particles according to their size. They are indispensable tools employed for quality control during production of various powdered or granular materials. Factors such as stringent regulations pertaining to product quality in pharmaceutical and increasing new drug development activities have augmented the demand for particle size analysis globally.

The Global Laboratory Sieve Shaker Market is estimated to be valued at US$ 4.04 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the laboratory sieve shaker market include L'Oréal,Estée Lauder Companies,Procter & Gamble,Shiseido,Beiersdorf,Coty,Unilever,Avon Products,Johnson & Johnson,Natura & Co. Key players focus on expanding their product portfolio and global footprint through strategic collaborations and acquisitions. For instance, L'Oréal acquired Canadian makeup brand Deciem in 2021 to expand its presence in the skincare market.

The growing demand from end-use industries such as pharmaceutical, chemical, food, and others is a key factor driving the laboratory sieve shaker market. Stringent regulations pertaining to product quality and safety have necessitated particle size analysis across industries. Moreover, increasing R&D expenditure on new drug development will augment the demand.

Laboratory Sieve Shakers Market Size find widespread adoption in quality control laboratories globally. Key players are expanding their distribution networks across emerging regions of Asia Pacific, Middle East, and Latin America. These regions offer immense growth opportunities owing to rising industrialization and stringent norms regarding product quality.

Market Key Trends

Technological advancements are a key trend gaining traction in the laboratory sieve shaker market. Key players are developing advanced sieve shakers with intelligent monitoring systems, touch screen controls, and compatibility with varied applications. For instance, some advanced models offer automated operation, timed modes, multi-screen data logging, and connectivity with external devices. This improves efficiency and ensures consistent results. Moreover, demand for compact, portable sieve shakers is ascending due to increasing job site testing in construction and mining industries.

Porter's Analysis

Threat of new entrants: Sieve shakers require significant capital investments to buy manufacturing facilities and setup as the technology involved is highly technical making the threat low.