Laboratory Plasticware Market Estimated to Expand at a Robust CAGR by 2019

Laboratory plasticware are equipment made up of polymers having variety of applications with respect to laboratory or research centers. The Laboratory Plasticware Market has significantly evolved itself in past few decades in terms of material composition, design and application. Laboratory plasticware encompasses number of advantages such as being unbreakable in nature enhances its applicability with respect to handling radioactive isotopes, hazardous and carcinogenic chemicals or substances. The inherent characteristics of the equipment include environmental friendliness, reusability, thermostability and safety of laboratory personnel in case of accidents has upsurge the global market for laboratory plasticware as compared to the global glassware market in past.

Various types of laboratory plasticwares that are used in different laboratory or research encompass aspirator bottles, laboratory beaker, Buchner funnel, carrier tray, centrifuges and micro centrifuge tubes. Apart from these equipments laboratory plasticware are gaining lot of acceptance in cell cultures and cryopreservation related studies and experiments. Some of this equipment comprises cryobox, cryo coders, cryovials among others. With the advances in technology different chemical compositions or polymers are used to manufacture these laboratory plasticware equipments.

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Given its primary application in research and development activity, the laboratory plasticware market is slightly affected by the fluctuations in the market especially in Europe and the United states due to cuts in funding from government agencies and private companies. Despite of the economic slowdown, the United States market is the largest market because of presence of large number of university and research centers conducting and funding the research. Asia-Pacific is the fastest growing market especially in countries such as China, India, Singapore and Japan among others due exponential rise in economy and emerging focus on the research programs in past decades. The rest of the world market is yet to emerge as a prominent geographical region though the initiatives from regulatory bodies, flooding of top notch research and manufacturing companies in this region will positively impact the growth and demand for laboratory plastic wares.

Some of the major drivers for the global laboratory plasticware market comprises upsurge in demand for plastic based equipments due to longer shelf life, better handling and safety benefits and increase in number of private research centers and training institute for students as well as researchers. The favorable trend is likely to continue in forthcoming years primarily due to rise in living standards and improving healthcare facilities in emerging nations. Environmental testing laboratories are likely to be an emerging and fastest growing segment due to stringent regulations and safety compliances.