Laboratory Plasticware Market Gains Impetus from Policies Mandating Enhanced Safety in Laboratories

The use of plasticware across laboratory applications has significantly risen thanks to its cost-effectiveness. A new report by Transparency Market Research (TMR), provides a comprehensive overview of the global laboratory plasticware market. It presents insights into the factors influencing the market’s trajectory between 2013 and 2019. The report is titled “Laboratory Plasticware Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”

Laboratory plasticware is made from polymers and has diverse applications across laboratory and research centers. The market for laboratory plasticware has significantly evolved in the last few years in terms of design, material composition, and application. Laboratory equipment or apparatuses made from polymers is being preferred because of their unbreakable nature. This property also enhances their applicability in handling radioactive isotopes and hazardous and carcinogenic substances or chemicals. 

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The demand for laboratory plasticware is thus increasing at a rapid pace due to its properties such as reusability, environment friendliness, and thermostability. Moreover using laboratory plasticware ensures better safety to laboratory personnel than glass apparatuses.  

Some of the most commonly used laboratory plasticware includes beaker, spirator bottles, Buchner funnel, centrifuges, micro centrifuge tubes, and carrier tray. Laboratory plasticware is also gaining considerable acceptance in cryopreservation and cell culture related experiments and studies. With advances in technology, various chemical compositions are used for manufacturing laboratory plasticware. Such developments are expected to reflect positively on the overall sales reported by the market. 

Despite witnessing growth at a steady rate, the market for laboratory plasticware in the U.S. and Europe is threatened by government cuts in funding for research and development. The reluctance of private companies for investing in R&Ds is also expected to have a negative impact on the market. Nevertheless, as per the report, the U.S. will continue to remain the largest market for plasticware laboratory equipment owing to the presence of a large number of research centers and universities in the nation. 

The global laboratory plasticware market also witnesses rising demand in the emerging economies of Asia Pacific such as India, Singapore, China, and Japan. The surging economies of these countries are providing lucrative opportunities for the market vendors to capitalize on. The prevalence of stringent regulations mandating enhanced safety across the laboratory also aids the expansion of the global laboratory plasticware market. 

The countries encompassed within the Rest of the World are yet to emerge as attractive markets for laboratory plasticware. However, favorable government policies are attracting top notch R&D companies in these countries, which is expected to positively impact the laboratory plasticware market. 

To present a holistic report on the prevailing competitive landscape, the report also profiles companies such as Eppendorf AG, Duran Group GmbH, Thermo Fisher Scientifi, Inc., Mettler-Toledo International Inc., Wheaton Science Products, and others.