PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567139
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567139
Global petri dish market is estimated to be valued at USD 491.1 Mn in 2024 and is expected to reach USD 668.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 491.1 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 4.50% | 2031 Value Projection: | US$ 668.2 Mn |
Global petri dish market growth is driven by advancements in research methodologies and technologies. Petri dishes, also known as culture dishes or bacteriological plates, are shallow circular glass or plastic dishes that are used to culture microorganisms and small plant tissues on a solid medium. These are commonly used in microbiology, cell culture and microbiological testing processes. Factors such as rising investments in life science research, increasing demand for biochemical tests and growing focus on developing drugs through cell culture techniques can boost demand for reliable and affordable petri dishes globally. However, strict regulations and quality standards established by organizations has increased production costs, though it ensures optimal quality of end products for research processes.
Global petri dish market growth is driven by increasing investments in life science research and drug development activities. Growing prevalence of various lifestyle and infectious diseases has accelerated investments in clinical research studies and experiments. This has significantly boosted adoption of petri dishes for experimentation and safety microbiology testing purposes. However, stringent quality regulations concerning manufacturing of cultureware products can pose challenges for market players. High costs associated with developing sterile barrier systems for petri dishes can hamper the market growth. Technological advancements in culture plates such as the development of gas permeable multi-plates offers opportunities for manufacturers.
This report provides in-depth analysis of the global petri dish market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global petri dish market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Thermo Fisher Scientific, Greiner Bio-One, Corning, Crystalgen, VWR, TPP Techno Plastic Products, Wuxi NEST Biotechnology, CITOTEST, Pall Corporation, and Merck.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global petri dish market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global petri dish market
Detailed Segmentation-