Plastic Labware Industry Report and Forecast, 2023-2028: CAGR of 12.20% is Projected Despite Stringent Regulations and Increasingly Environmentally-Conscious Customers - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Plastic Labware Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global plastic labware market is expected to grow at a CAGR of 12.20% from 2022-2028.

Increased Investments in R&D

Increased research and development (R&D) operations for plastic labware have increased demand globally for these items. Researchers and scientists have been drawn to creating novel and modern plastic labware with better features and usefulness, resulting in increased demand for these goods.

Plastic labware producers are investing in R&D to develop products that can endure severe temperatures, resist chemical corrosion, and have increased precision and repeatability as technology advances and new materials emerge. Advancements in the plastic labware market have broadened its usage outside typical laboratory settings, such as in the medical and biotechnology sectors. Increased R&D activity for plastic labware has also created eco-friendly and biodegradable goods, addressing the environmental problems connected with traditional plastic labware. This breakthrough has piqued the interest of governments and institutions seeking to lower their carbon impact.

Rising Preference for Plasticware

Manufacturers improve the quality of test findings while enhancing the value of their products by altering the surface qualities of polymer labware. One of the things boosting the value of plastic labware is plasma treatment. Millions of multi-well plates, pipettes, flasks, bottles, vials, culture plates, Eppendorf tubes, and other polymer labware products are produced annually for research, drug development, and diagnostic testing. Although many are simple, low-cost consumables, a growing percentage are now surface treated with gas plasma or have functional coatings that are precisely constructed to improve research quality and diagnostic sophistication. Traditional glassware is composed of borosilicate glass, which is non-recyclable because of its heat-resistant qualities.

Stringent Regulations

Plastic labware legislation differs by country; however, there is a global movement towards decreasing the use of single-use plastics and encouraging sustainability. Manufacturers must adapt to these restrictions to remain competitive in the plastic labware market and invest in sustainable alternatives.

Plastic-related rules and legislation have recently been established in several nations, regions, and towns. These are designed primarily to reduce consumption and improve waste management through use and disposal. Over 60 countries have banned or taxed plastic packaging and single-use/disposable garbage. These restrictions and standards make it more difficult for plastic labware producers to function in the market. They must adhere to laws, which can raise production costs and impact product prices. Furthermore, the regulations and guidelines make marketing plastic labware products to increasingly environmentally conscious customers who prefer eco-friendly or biodegradable alternatives more difficult.

Market Opportunities & Trends

• Rising Preference for Plastic Labware
• Increasing Demand from Emerging Economies
• Development in COVID-19 and Other Diseases Surfacing

Market Growth Enablers

• Increasing Investments in R&D
• Growth of Pharmaceutical and Biotechnology Industries
• Opportunity for Exports in Developing Countries

Market Restraints

• Non-Biodegradability of Plastics and Other Functional Limitations
• Competition from Alternative Materials
• Stringent Regulations

Competitive Landscape

The global plastic labware market is extremely competitive, with many manufacturers and suppliers participating. In addition to the market's major companies like Thermo Fisher Scientific, Eppendorf, and others, there are many smaller producers and suppliers. These businesses may specialize in certain types of plasticware or operate in specific geographic areas.

Key Company Profiles

• Bellco Glass
• Corning
• DWK Life Sciences
• Sartorius
• Thermo Fisher Scientific

Other Prominent Vendors

• Borosil
• Citotest Labware Manufacturing
• Crystalgen
• DELUXE SCIENTIFIC SURGICO
• Eppendorf
• Glacier Glass Works
• Glassco Laboratory Equipment
• METTLER TOLEDO
• Naugraexport
• PerkinElmer
• Quark Glass
• Bel-Art Products
• Tarsons
• Greiner Bio-One International
• VWR International
• BrandTech Scientific
• KARTELL
• Polylab
• KANGJIAN Medical Apparatus
• Labcon North America
• Pipettes.com
• Simport Scientific
• SPL LIFE SCIENCES
• Labnet
• CELLTREAT Scientific Products
• Gilson
• Bio-Rad Laboratories
• Socorex Isba
• Medline Industries

KEY QUESTIONS ANSWERED

• How big is the plastic labware market?
• What is the growth rate of the global plastic labware market?
• What are the growing trends in the plastic labware industry?
• Which region holds the most significant global plastic labware market share?
• Who are the key players in the global plastic labware market?

For more information about this report visit https://www.researchandmarkets.com/r/6djyis

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