Press release
Plastic Microtubes Market Growth and Current Status of Industry Surveyed in New Research Report By Thermo Fisher, Avantor, Inc. (VWR), Eppendorf AG, Corning, BRAND GMBH + CO KG
Plastic Microtubes Market
The Plastic Microtubes market is projected to reach 211.50 million USD by 2025, at a CAGR of 6.10% between 2020 and 2025. The growth in the market size is expected to be driven by the increasing demand for eco-friendly and efficient lab consumable solution. The growth is also associated with the steady demand in US and Europe, decrease in the cost of manufacturing with the advancement of innovative technologies, ecofriendly (recyclable)materials and outsourcing manufacturing thus decreasing costs of production.
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The major players covered in this report
Thermo Fisher, Avantor, Inc. (VWR), Eppendorf AG, Corning, BRAND GMBH + CO KG, Cardinal Health, Inc., Bio-Rad, FUKAEKASEI Corporation and WATSON Corporation, Labcon North America, Thomas Scientific (Denville Scientific) and Others
The sale of Polypropylene Plastic Microtubes accounted for the largest market with a share of 75%in 2019. However, Polystyrene Plastic Micro tubeshave increased at the highest growth of 9.46% between 2014 and 2019.The growth is attributed to the increased demand for disposal Plastic Microtubes due to the cheaper price, ease of balance and comfort offered by the high quality Polystyrene Plastic Micro tubes, despite the proliferation of Polypropylene Plastic Microtubes in developing countries.
Market split by Type, can be divided into:
By Capacity (0.5mL/1.5mL/2.0mL/5.0mL etc)
By Material (Polypropylene (PP)/Polystyrene (PS) etc)
Market split by Application, can be divided into:
Clinical
Educational
Others
By application, the sale of Plastic Microtubes for clinical labs accounted for the largest market with a share of 64%in 2019. Plastic Microtubes for clinical labs have increased at a CAGR of 7.88% between 2014 and 2019.The growth is attributed to the increased demand for the high quality Plastic Microtubes. By region, the production of Plastic Microtubes in North America accounted for the largest market with a share of 38%in 2019. North America has been the largest market for plastic microtubes followed by Europe and Asia-Pacific between 2014 and 2019.
Scope of the report
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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In this study, the years considered to estimate the market size of Plastic Microtubes are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2020
Forecast Year 2020 to 2026
Plastic Microtubes Market segment by Region/Country including:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America Brazil, Argentina, Colombia and Chile etc.)
Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
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In conclusion, the Global Plastic Microtubes Market report gives a detailed study of the market by taking into consideration the leading companies, current market status, and historical data to provide accurate market estimations, which will serve as an industry-wide database for both established players and newer entrants.
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We have a strong network of high powered and experienced global consultants who have about 10+ years of experience in the specific industry to deliver quality research and analysis. Having such an experienced network, our services not only cater to the client who wants the basic reference of market numbers and related high growth areas in the demand side, but also we provide detailed and granular information using which the client can definitely plan the strategies with respect to both supply and demand side.
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