Global Laboratory Plasticware Market: Industry Analysis and Forecast (2020-2026)

[Jay Mangade]

Global Laboratory Plasticware Market  is expected to reach $ XX Mn by 2026 from $ XX Mn in 2019, at a CAGR of 2.5% during forecast period.

Global Laboratory Plasticware Market Overview:

The Laboratory Plasticware is the set of equipment used to serve the purpose of scientific work such as in the development of the new drug and to conduct various experiments in research laboratories. Plasticware offer several advantages over the traditional glass products like longer shelf life, better handling, safety benefits, and cost effectiveness.
Global Laboratory Plasticware Market Dynamics:

Rising demand and acceptance of use of plastic in research studies is the major driving factor for market growth.

Owing to the advantages of Plasticware like strength, flexibility, safety, and convenience, acceptance of laboratory plasticware in cell cultures and cryopreservation related studies & experiments, upsurge in demand for plastic-based equipment due to longer shelf life, better handling and safety benefits, and cost-effectiveness of plasticware are the prime growth drivers of the laboratory plasticware market. In November 2017, InnovaPrep announced the launch of the Concentrating Pipette (CP) Select. The CP Select allows users to accomplish pathogen concentration and inhibitor removal from liquid samples (up to 5 liters) faster and easier than ever before. However, lack of funding for research activities is the key restraint for the laboratory plasticware market. Also, automation and improved analytical instruments hamper the market growth.

The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology is analyzed.
Global Laboratory Plasticware Market Segment Analysis:

The global Laboratory Plasticware market is segmented based on the product type, material and end-users.

Based on product type, the pipettes & pipette tips segment accounted for the largest market share of xx% in 2019 of the global laboratory plasticware market. The market dominance is attributed to the rising demands of daily pipetting and improved accuracy and precision of the pipetting systems. Thermo Fisher offers the most precise pipetting systems with reproducible results.

Based on the material, low-density polyethylene (LDPE) accounts for the largest market share, as a large range of laboratory plastics, are manufactured using LDPE like bottles, wash bottles, carboys, and storage tanks. Various organic solvents may soften or swell LDPE but it has excellent resistance to dilute and concentrated acids, alcohols, bases, and esters.

Global Laboratory Plasticware Market by Material

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Global Laboratory Plasticware Market Regional Insights:

Global Laboratory Plasticware Market Regional
North America expected to dominate the global market.

North America accounted for the largest share of XX% in 2019. Increasing R&D activities is the major factor in the market growth. High disposable income, rising funding from the government, and innovation of new techniques drive the market in the region. Innovations in the pipetting system add up to the market growth. For instance, in August 2018, LaMnet International, Inc. developed electronic pipettes.
Asia Pacific anticipated to witness lucrative growth.

Owing to the rising economy and increased focus on the research studies in the region drives the market. Rising awareness for the research activities and increased skilled professional's impact positively on the region's growth.

The report also helps in understanding Global Laboratory Plasticware Market dynamics, structure by analyzing the market segments and projects the Global Laboratory Plasticware Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Laboratory Plasticware Market make the report investor's guide.

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Global Laboratory Plasticware Market
Global Laboratory Plasticware Market, by Region:

• North America
• Europe
• South America
• MEA
• APAC
Key players operating in global Laboratory Plasticware market:

• Eppendorf AG
• Kimble Chase Life Science and Research Products LLC
• Duran Group GmbH
• Mettler-Toledo International Inc.
• Gerresheimer AG
• Thermo Fisher Scientifi, Inc
• Wheaton Science Products
• Corning, Inc
• Bellco Glass, Inc.
• Crystalgen, Inc .
• Sartorius AG
• Technosklo Ltd.

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