The Plastic Labware Market to be Worth $19 Billion by 2026, Growing Demand for Eco

Aug 26, 2023

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15 Jun, 2023, 14:55 ET

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CHICAGO, June 15, 2023 /PRNewswire/ -- According to Arizton's latest research report, the plastic labware market will grow at a CAGR of 12.20% during 2022-2028.

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Browse In-Depth TOC of the Plastic Labware Market       

117 - Tables         78 - Charts         302 – Pages 

In recent years, there has been a growing demand for eco-friendly plastic labware products, and many manufacturers have shifted toward using biodegradable and compostable plastics to reduce their environmental impact. This trend is expected to drive the growth of the plastic labware market in the upcoming years.

North America and Europe are the major markets for plastic labware due to many research and development centers, academic institutions, and pharmaceutical companies in these regions. However, the Asia-Pacific region is expected to witness the highest growth rate in the plastic labware market, driven by the increasing investments in research and development activities and the growth of the healthcare sector in emerging economies, such as India and China.

Plastic Labware Market Report Scope

Report Attributes

Details

Market Size (2028)

USD 19.83 Billion

Market Size (2022)

USD 9.94 Billion

CAGR (2022-2028)

12.20 %

Base Year

2022

Forecast Year

2023-2028

MARKET Segmentation

Product, Material, End-users, Distribution Channel, and Geography

Geographic Analysis

North America, Europe, APAC, Latin America, and Middle East & Africa

Market Dynamics

· Increasing Investments in R&D

· Growth of Pharmaceutical and Biotechnology Industries

· Opportunity for Exports in Developing Countries

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Impact of COVID-19

The COVID-19 pandemic has highlighted the importance of laboratory equipment in diagnosing, treating, and researching infectious diseases. Plastic labware, such as pipettes, test tubes, and culture plates, is essential to laboratory operations, providing reliable and consistent results while maintaining sample integrity.

The demand for plastic labware has increased significantly since the beginning of the COVID-19 pandemic. The use of disposable plastic labware has become more prevalent to reduce the risk of cross-contamination and transmission of the virus. In addition, the demand for plastic labware has increased for producing and distributing COVID-19 vaccines and diagnostic tests.

Key Insights

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Post-Purchase Benefit

The Global Consumable Plastic Labware Market to Reach $12 Billion By 2028

Due to an increase in patient population, an increase in chronic diseases, an increase in government initiatives in the health care sector, an increase in the number of diagnostic laboratories, and an increase in research and development activities in core industries, and use on academia, emerging economies offer greater opportunities to the laboratory consumable products market.

As the number of individuals suffering from infectious illnesses rises, so will the demand for empty vials for proper sample storage, increasing industry growth. Furthermore, increasing the number of clinical labs performing various medical and diagnostic procedures will boost market expansion.

Plastic ware goods are also less expensive than glassware. Small consumables, such as pipette tips, are also important to a lab. For example, in developed countries, screening of newborns requires about 30 to 40 pipette tips to complete the dozens of diagnostic tests, and these pipette tips have recently been in short supply due to blackouts, fires, and pandemic-related demand. Moreover, the plastic labware consumables market is predicted to increase gradually over the forecast period, driven by rising demand for laboratory research and advances in automation and high-throughput screening (HTS) technologies.

Key Company Profiles

Market Segmentation

Product

Material

End-users

Distribution Channel

Geography

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Table of Content

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY PRODUCT

4.3.2 MARKET SEGMENTATION BY MATERIAL

4.3.3 MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

4.3.4 MARKET SEGMENTATION BY END-USERS

4.3.5 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

7.1 REPORT OVERVIEW

7.2 OPPORTUNITY & CHALLENGE ANALYSIS

7.3 SEGMENT ANALYSIS

7.4 REGIONAL ANALYSIS

7.5 COMPETITIVE LANDSCAPE

8 INTRODUCTION

8.1 OVERVIEW

8.2 MACROECONOMIC OVERVIEW

8.2.1 ECONOMIC CONDITIONS

8.2.2 TECHNOLOGICAL ADVANCES

8.2.3 ENVIRONMENTAL REGULATIONS

8.2.4 DEMOGRAPHICS

8.2.5 GLOBAL HEALTH PANDEMICS

8.2.6 PEST ANALYSIS

8.3 EFFECTS OF RECESSION ON THE HEALTHCARE INDUSTRY

8.4 VALUE CHAIN ANALYSIS

8.4.1 RAW MATERIAL SUPPLIERS

8.4.2 PLASTIC LABWARE MANUFACTURERS

8.4.3 DISTRIBUTORS

8.4.4 END-USERS

8.4.5 RECYCLING AND DISPOSAL

8.5 GLASSWARE V/S PLASTICWARE

8.6 RUSSIA UKRAINE WAR

8.7 SWOT ANALYSIS

8.7.1 STRENGTHS

8.7.2 WEAKNESSES

8.7.3 OPPORTUNITIES

8.7.4 THREATS

8.8 BCG MATRIX

8.8.1 STAR

8.8.2 CASH COW

8.8.3 QUESTION MARK

8.8.4 DOG

8.9 DEVELOPMENT OF AI/ML AND IOT IN THE HEALTHCARE INDUSTRY

8.9.1 AI/ML IN HEALTHCARE

8.9.2 IOT IN HEALTHCARE

8.10 FAQS

8.10.1 WHAT IS PLASTIC LABWARE?

8.10.2 WHAT ARE SOME EXAMPLES OF PLASTIC LABWARE?

8.10.3 WHAT ARE THE ADVANTAGES OF PLASTIC LABWARE OVER GLASS LABWARE?

8.10.4 WHAT ARE THE ENVIRONMENTAL CONCERNS RELATED TO PLASTIC LABWARE?

8.10.5 WHAT IS DRIVING THE GROWTH OF THE GLOBAL PLASTIC LABWARE MARKET?

8.10.6 WHAT ARE SOME KEY PLAYERS IN THE GLOBAL PLASTIC LABWARE MARKET?

9 MARKET OPPORTUNITIES & TRENDS

9.1 RISING PREFERENCE FOR PLASTIC LABWARE

9.2 INCREASING DEMAND FROM EMERGING ECONOMIES

9.3 DEVELOPMENT IN COVID-19 AND OTHER DISEASES SURFACING

10 MARKET GROWTH ENABLERS

10.1 INCREASING INVESTMENTS IN R&D

10.2 GROWTH OF PHARMACEUTICAL AND BIOTECHNOLOGY INDUSTRIES

10.3 OPPORTUNITY FOR EXPORTS IN DEVELOPING COUNTRIES

11 MARKET RESTRAINTS

11.1 NON-BIODEGRADABILITY OF PLASTICS AND OTHER FUNCTIONAL LIMITATIONS

11.2 COMPETITION FROM ALTERNATIVE MATERIALS

11.3 STRINGENT REGULATIONS

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 PRODUCT

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 CONSUMABLE

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.3.3 MARKET BY GEOGRAPHY

13.4 REUSABLE

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

13.4.3 MARKET BY GEOGRAPHY

13.5 OTHER

13.5.1 MARKET OVERVIEW

13.5.2 MARKET SIZE & FORECAST

13.5.3 MARKET BY GEOGRAPHY

14 MATERIAL

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 POLYSTYRENE

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.3.3 MARKET BY GEOGRAPHY

14.4 LOW-DENSITY POLYETHYLENE (LDPE)

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.4.3 MARKET BY GEOGRAPHY

14.5 HIGH-DENSITY POLYETHYLENE (HDPE)

14.5.1 MARKET OVERVIEW

14.5.2 MARKET SIZE & FORECAST

14.5.3 MARKET BY GEOGRAPHY

14.6 PP

14.6.1 MARKET OVERVIEW

14.6.2 MARKET SIZE & FORECAST

14.6.3 MARKET BY GEOGRAPHY

14.7 OTHER

14.7.1 MARKET OVERVIEW

14.7.2 MARKET SIZE & FORECAST

14.7.3 MARKET BY GEOGRAPHY

15 END-USERS

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.3 ACADEMIA/RESEARCH

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.3.3 MARKET BY GEOGRAPHY

15.4 PHARMACEUTICAL

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.4.3 MARKET BY GEOGRAPHY

15.5 CROS

15.5.1 MARKET OVERVIEW

15.5.2 MARKET SIZE & FORECAST

15.5.3 MARKET BY GEOGRAPHY

15.6 IVF CLINICS

15.6.1 MARKET OVERVIEW

15.6.2 MARKET SIZE & FORECAST

15.6.3 MARKET BY GEOGRAPHY

15.7 DIAGNOSTIC LABS

15.7.1 MARKET OVERVIEW

15.7.2 MARKET SIZE & FORECAST

15.7.3 MARKET BY GEOGRAPHY

15.8 OTHERS

15.8.1 MARKET OVERVIEW

15.8.2 MARKET SIZE & FORECAST

15.8.3 MARKET BY GEOGRAPHY

16 DISTRIBUTION CHANNEL

16.1 MARKET SNAPSHOT & GROWTH ENGINE

16.2 MARKET OVERVIEW

16.3 DIRECT CHANNEL

16.3.1 MARKET SIZE & FORECAST

16.3.2 MARKET BY GEOGRAPHY

16.4 INDIRECT CHANNEL

16.4.1 MARKET SIZE & FORECAST

16.4.2 MARKET BY GEOGRAPHY

17 GEOGRAPHY

17.1 MARKET SNAPSHOT & GROWTH ENGINE

17.2 GEOGRAPHIC OVERVIEW

Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/plastic-labware-market?details=tableOfContents

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