Circularity for Healthcare Plastic Trends to Drive Plastic Lab Totes Demand Globally

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.

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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.

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 & eco-friendly 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.

Plastic Lab Totes: Market Segmentation

  • Based on type, the plastic lab totes market can be segmented as

    • Below 400ml
    • 400-1000ml
    • 1000-1500ml
    • Above 1500ml
  • Based on material, the plastic lab totes market can be segmented as

    • Polypropylene
    • Polyethylene
  • 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

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Plastic Lab Totes Market: Key Players

Some of the key players manufacturing plastic lab totes are as follows-

  • Thermo Fischer Scientific
  • Nasco
  • MTC Bio
  • LabplasAmerican Precision Plastics
  • Inteplast Group
  • Seward
  • 3M
  • Burkle GmbH
  • Com-Pac International
  • Corning
  • Unifles Healthcare

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