Plastic Lab Totes Market Forecast and CAGR
The plastic lab totes market saw soaring growth in 2021 with worldwide revenues. A new forecast estimates that plastic lab totes revenue will nearly double by 2031. Plastic is the ubiquitous workhorse material of the modern economy that combines unrivaled functional properties with low cost. The use of plastics escalated twenty-fold in the past half-century. Although carrying many benefits, the existing plastic economy similarly has significant drawbacks that are becoming more apparent day by day.
Additionally, the new plastic economics suggests that plastics never turn into waste, rather they re-enter the economy as valuable biology or technical nutrients. However, improvements and innovation efforts for developing new packaging formats across global supply are driving plastic lab totes demand.
Circularity for Healthcare Plastic Trends to Drive Plastic Lab Totes Demand Globally
With increasing modern healthcare, the use of plastic is proven to be versatile in nature to adapt to the dynamic nature of the healthcare industry, providing benefits that include durability, sterility, and quality. However, the paradigm shift is occurring as a linear model of resource consumption and making “make-use-dispose” as the circular approach by identifying challenges and opportunities by using post-industrial recycled content in medical device packaging, hence outlining economic and infrastructure barriers in promoting circularity in healthcare plastics.
Know More Details About the Report
Moving from Single-use to Reuse Model to Drive Plastic Lab Totes Demand Globally
Government signatories are attempting to accelerate the shift towards reuse for a cost-effective and sustainable solution for the plastic lab totes market. Moreover, fast-moving consumer goods products have committed to the consumers for providing more sustainable packaging by adopting circular strategies of waste reduction.
In addition, signatories from across the plastics value chain — containing recyclers but also packaging producers and plastic producers — in addition to governments are presently making significant investments in infrastructure essential to accomplish this targeted upsurge and respond to improved demand for post-consumer recycled content.
The US and Canada Demand Outlook for Plastic Lab Totes Market
In terms of sales, the North American market is projected to take the lead in the global target market. With the growing healthcare industry, the demand for plastic lab totes is rising and the prominent players are performing regular quality control tests for the products, hence enabling the market to grow substantially.
Moreover, prominent players are opting for recyclable materials that are a mixture of polyethylene resins and oxo-biodegradable additives. Hence, it is the key factor for the development of the plastic lab totes market.
Avail customized purchase options for your needs
Europe Plastic Lab Totes Market Outlook
The European plastic lab totes market is estimated to grow at a promising rate. Manufacturers are aiming at linear low-density polyethylene, the demand of the consumers; hence, plastic lab totes manufacturing companies are making swift progress concerning evolving innovative packaging options.
The market for plastic lab totes is estimated to see swift growth through the projection period driven by huge investments done by market players in increasing warehousing of pharmaceutical products and automotive equipment.
Plastic Lab Totes Market: Key Players
Some of the key players manufacturing plastic lab totes are as follows-
- Thermo Fischer Scientific
- MTC Bio
- LabplasAmerican Precision Plastics
- Inteplast Group
- Burkle GmbH
- Com-Pac International
- Unifles Healthcare
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
Plastic Lab Totes Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Plastic Lab Totes: Market Segmentation
Based on type, the plastic lab totes market can be segmented as
- Below 400ml
- Above 1500ml
Based on material, the plastic lab totes market can be segmented as
Based on end-use application, the plastic lab totes market can be segmented as:
- Industrial Laboratory
- Food and Beverage Laboratory
- Biology Laboratory
- Pharmaceutical Laboratory
- Agricultural Laboratory
- Environmental Testing Laboratory
Based on region, the plastic lab totes market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, Argentina and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, South Korea, Malaysia, Indonesia, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.