The global laboratory plasticware market is expected to witness strong growth during the forecast period between 2021 and 2031.
Laboratory plasticware is manufactured from different polymers and is used for different research-related activities in laboratories and research facilities, worldwide.
Low-density polyethylene has been commonly used to produce laboratory plasticware since it has shown an ability to withstand extreme temperatures when exposed to short and long time periods.
Some of the commonly-used laboratory plasticware include laboratory funnel, bucher funnel, pipettes, beakers, centrifuges, and micro centrifuges tubes.
With growing number of research institutions worldwide, the demand for laboratory plasticware is anticipated to rise, too, in future.
Rising product demand for different research studies in various universities is the key growth driver for the global laboratory plasticware market.
In addition to this, increasing demand for laboratory plasticware owing to factors such as longer shelf life and cost-effectiveness is also expected to fuel the growth in the overall market, in future.
Laboratory plasticware is recyclable and this aspect of them could lead to increased product demand over conventional plasticware, in the upcoming years and propel the laboratory plasticware market.
As compared to laboratory glassware, laboratory plasticware is much easier to handle and as a result, the demand for these products is expected to be high and contribute to the growth of the overall market, in future.
Innovations to existing products are also anticipated to bolster product demand, in the upcoming years.
Government initiatives and measures such as supporting universities with funding to purchase laboratory plasticware in large quantities could help fuel product demand and bolster the growth in the overall market.
Research and academic institutions' application segments are anticipated to make the largest contribution to the overall market because of increased product demand at these institutions for various research activities.
Pipette and pipette tips product segments are expected to contribute the most to the overall market in future owing to rising product demand for different research-related activities in universities.
The global laboratory plasticware market is extremely competitive, with the presence of well-established players. Many of these players are anticipated to hold a large share in the overall market, in the upcoming years.
Research and development undertakings to produce an improved quality of products could be the key growth strategy for leading market players, in the years ahead.
Prominent market players could also establish R&D centers that would exclusively function to produce these products that would meet the requirements of a large number of consumers.
The smaller players will seek support from government and private investors, which could help them in their long-term growth.
A few prominent players in the global laboratory plasticware market include Kimble Chase Life Science, Eppendorf LLC, Metler-Toledo International Inc., Wheaton Science Products, and Thermo Fischer Scientific Inc.
The global laboratory plasticware market is classified into five regions, namely, North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
North America is anticipated to be the leader in the global laboratory plasticware market due to the presence of large number of universities in countries such as US and Canada, purchasing different laboratory plasticware.
Asia Pacific is expected to provide lucrative growth opportunities for the overall market in future owing to increased number of research programs at universities in countries such as India.
Europe is expected to offer profitable growth opportunities for the laboratory plasticware market because of increased funding from government and private enterprises, assisting the purchase of laboratory plasticware.
Other regions of the world such as Latin America and Middle East and Africa are expected to witness moderate growth in the overall market, in the upcoming years.
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Laboratory Plasticware Market
