Why will Sales of Laboratory Filtration Products Soar in Asia-Pacific in Future?

[Pramod Kumar]

The mushrooming use of filtration products in the food and beverage industry is driving their sales across the world. Moreover, the expansion of the food and beverage industry, on account of the growing popularity of ready-to-eat and processed foods, is also positively impacting the worldwide demand for laboratory filtration techniques. According to Statista, the food & beverages industry generated a revenue of $339,717 million in 2021. Furthermore, as per the India Brand Equity Foundation (IBEF), the food processing industry in India will reach a value of $535 billion by 2025–2026.

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Apart from the aforementioned factors, the development of technologically advanced and innovative products, that are cost-effective and efficient, is also fueling the expansion of the global laboratory filtration market. For example, membrane filters assist in retaining the particulate matter on a smooth membrane surface. Membrane filters are heavily used in water microbiology and air pollution applications. Sartorius AG is providing a diverse range of syringe filters, such as Minisart syringe filters, which can efficiently remove particulate matter and microorganisms from gases, air, and liquids.

Due to the above-mentioned factors, the revenue of the laboratory filtration market is expected to surge from $2.3 billion in 2017 to $3.5 billion by 2023, exhibiting a CAGR of 7.3% from 2018 to 2023 (forecast period). Filter papers, membrane filters, filtration microplates, capsule filters, syringe filters, and syringeless filters are the most widely used types of laboratory filtration media across the world. Out of these, the demand for membrane filters is expected to surge sharply in the coming years, mainly because of the fact that these filters have microporous plastic films with very specific pore-size ratings, that assist in eliminating minute impurities.

Thus, the demand for laboratory filtration techniques and products will soar in the coming years, mainly because of their surging use in the food and beverage industry, increasing production of pharmaceuticals, and the rising incidence of chronic illnesses around the world.