Laboratory Sieve Shaker Market Is Driven By Increasing R&D Investments In Life Sciences
The laboratory sieve shaker market has been growing steadily over the past few years owing to the increasing adoption of laboratory equipment across various industries. Laboratory sieve shakers are specialized equipment used for sieving applications in laboratories across industries such as pharmaceutical, chemical, mining, agriculture and others. Sieve shakers helps in separating particles or powders into different sizes in a fast and efficient manner. With growing investments in research and development activities, particularly in the pharmaceutical and biotechnology sectors, the demand for laboratory sieve shakers has increased significantly. Laboratory sieve shakers offer advantages such as consistent and uniform size distribution, high level of reproducibility and ability to analyze a large number of samples in less time. The growing contract research and manufacturing outsourcing from pharma and biotech companies has boosted the uptake of these machines across specialized contract testing laboratories as well.
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 are L'Oréal,Estée Lauder Companies,Procter & Gamble,Shiseido,Beiersdorf,Coty,Unilever,Avon Products,Johnson & Johnson,Natura & Co. The major players are focusing on new product launches and expansion of their production facilities to meet the growing demand from end-use industries. For instance, in 2020, Gilson Company Inc launched new sieve shaker model GST with features like auto balancing and data tracking capabilities.
The demand for laboratory sieve shakers has increased markedly over the past few years owing to growth in industries like pharmaceutical, chemicals and food industries. The growing regulatory oversight and stringent testing requirements across industries have augmented the need for sophisticated analytical tools like sieve shakers. Particularly, the contract manufacturing segment has presented significant opportunities for players in this market.
The Laboratory sieve shakers Market Size is witnessing growing global expansion with players entering into new geographical locations. The key players are investing in emerging nations in Asia Pacific and Latin America to tap the high growth opportunities. Due to availability of cheap labor and resources, many pharmaceutical companies are also shifting their manufacturing base to developing countries aiding regional demand for laboratory equipment.
Market drivers
One of the key drivers of the laboratory sieve shaker market growth is increasing investments in research and development activities globally. Pharmaceutical and biotechnology companies are channeling more funds into R&D for development of new drug molecules and testing methods. This has positively impacted the sales of analytical instruments like shakers. Furthermore, stringent regulatory norms regarding product quality and safety across industries have augmented the testing requirements. Laboratory sieve shakers help in conducting various tests efficiently and generating consistent and reliable results. Thus, evolving regulatory environment is another major factor propelling the laboratory sieve shaker market forward.
Current Geopolitical Scenario Is Impacting Laboratory Sieve Shaker Market Growth
The current geopolitical situation caused by the prolonged war in Ukraine and rising tensions between USA and China is slowing down the growth of global laboratory sieve shaker market. Supply chain disruptions due to sanctions and trade restrictions imposed on Russia have hampered the availability of key raw materials for sieve shakers like metals and electronic components. New export controls introduced by Western nations on chip-making equipment to China can also limit the access to advanced semiconductors used in digital sieve shakers. Rising inflationary pressures due to soaring energy prices have reduced lab budgets and deferred capital investments worldwide. However, companies operating in this market are focusing on alternative sourcing and strategic partnerships to mitigate supply risks. They are also expanding in new regions to offset losses from sanctions-hit territories. In future,Original Equipment Manufacturers need to establish local manufacturing hubs, diversify supplier base and realign global logistics chains to make their business more resilient against geopolitical headwinds.
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