Global Laboratory Plastic Wares Market Was Valued At US$ 14198.71 Million In 2019
Laboratory Plasticware is the set of Consumables used in laboratories, made of different types of plastic material. Primarily, the lab wares are manufactured using glass materials because of certain physical characteristics. Some of the plasticware may include Plastic Beaker, Plastic Bottle, Plastic Pipettes, etc.
Laboratory plastic consumables have the following advantages: (1) good mechanical properties and chemical stability; (2) Its raw materials supply is sufficient, low price, suitable for making disposable products, to avoid the traditional materials caused by repeated use of disinfection and infection problems; (3)Plastic is easy to modify so as to produce hydrophilic products and hydrophobic products to meet specific test needs. Plastic products are widely used in the field of laboratory consumables.
Currently, there are massive companies in the world producing Laboratory Plastic Wares industry. The main market players are Corning, Kartell, BRAND, VITLAB, Thermo Fisher Scientific, SPL life sciences, Sanplatec Corporation, etc. The production of Laboratory Plastic Wares increased from 1394.39 Million Units in 2015 to 2333.36 Million Units in 2020, with an average growth rate of 10.85%.
In consumption market, North America and Europe are the mainly consumption regions due to the bigger demand of downstream applications. In 2019, these two regions occupied 49.53% of the global Laboratory Plastic Wares consumption in total.
Laboratory Plastic Wares
is a variety of consumables used for scientific experiment and other work in science, especially in Life Science Research and Chemical Research. Report data showed that 64.98% of the Laboratory Plastic Wares market demand from Life Science Research, 25.02% from Chemical Research in2019. With the development of economy, these industries will need more Laboratory Plastic Wares. So, Laboratory Plastic Wares has a huge market potential in the future.
The major raw material for Laboratory Plastic Wares is Polystyrene (PS), Polypropylene (PP), Polyethylene (PE), etc. Fluctuations in the price of the upstream product will impact on the production cost of Laboratory Plastic Wares industry.
We tend to believe this industry is a promising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents fluctuation according to the economy development status. Also, there will be fluctuation in gross margin.