Global Micro Tube Box Market, By Capacity (Up to 50 Tubes, 51 to 100 Tubes, 100 to 150 Tubes, Above 150 Tubes), Application (Biological, Medicine, Chemical, Other), Material (Plastic, Polyethylene, Polycarbonate, Polyethylene Terephthalate, Polypropylene, Paperboard, Other Plastics) - Industry Trends and Forecast to 2031
Micro Tube Box Market Analysis and Size
The essential factors contributing to the growth of the micro tube box market in the forecast period of 2024 to 2031 include the increasing demand of micro tube box due to its properties. Also, the growing usage of recyclable materials is significantly contributing to the market’s growth. Growing curbs on the usage of bioplastic packaging products are anticipated to generate numerous opportunities for innovative materials. Plastics such as polylactic acid are mainly derived from renewable energy sources, such as tapioca roots, corn starch, sugarcane, chips, and other starches.
Data Bridge Market Research analyzes that the global micro tube box market which was USD 2,019.30 Million in 2023, is expected to reach USD 2,729.60 Million by 2031, growing at a CAGR of 3.9% during the forecast period of 2024 to 2031. The “medicine segment” will dominate the market due to the growing diagnostic activities and increasing R&D investments that have accelerated the micro tube boxes market share. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Capacity (Up to 50 Tubes, 51 to 100 Tubes, 100 to 150 Tubes, Above 150 Tubes), Application (Biological, Medicine, Chemical, Other), Material (Plastic, Polyethylene, Polycarbonate, Polyethylene Terephthalate, Polypropylene, Paperboard, Other Plastics)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Medax International, Inc. (U.S.), Isolab Laborgeräte GmbH (Germany), Ritter GmbH (Germany), rose plastic India Pvt. Ltd. (India), Labnet (U.S.), Merck KGaA (Germany), Thermo Fisher Scientific (U.S.), Bioline Technologies (U.S.), Axil Scientific Pte Ltd. (India)
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Market Opportunities
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Market Definition
Micro tube boxes are the perfect way to store polymerase chain reaction (PCR) and micro centrifuge tubes. These boxes have transparent, lid which can be used for labelling. These boxes help in the storage of products and are manufactured out of numerous materials such as polycarbonate, polyethylene terephthalate, polypropylene, plastic, polyethylene, paperboard, and other plastics.
Global Micro Tube Box Market Dynamics
Drivers
- Rising demand of micro tube box due to their properties
The durability and efficiency of micro tube boxes are extremely regarded. Manufacturers are focusing on delivering micro tube boxes that are non-allergic, contamination-free, and appropriate for storing lab ware. Micro tube boxes are mainly used to package multiple micro tubes. The demand for micro tubes is growing in numerous industries that conduct research and development activities. Micro tube boxes can hold numerous micro tubes for safe transport and storage. Thus, the rising demand of micro tube boxes due to their properties is expected to drive the growth rate of the market.
- Growing usage of recyclable materials
The shift towards low-waste and sustainable lifestyles is driving the growth of the market. Furthermore, the increasing demand for recyclable and aesthetic micro tube packaging in the chemical and pharmaceutical industries is also aiding the market growth. The trend of using post-consumer recycled materials in the production of micro tube boxes is providing further push to the growth of the market.
Opportunities
- Growing demand for bioplastic packaging products
Growing curbs on the usage of bioplastic packaging products are anticipated to generate numerous opportunities for innovative materials. Plastics such as polylactic acid are mainly derived from renewable energy sources, such as tapioca roots, corn starch, sugarcane, chips, and other starches. Polylactic acid is the most common bioplastics which is consumed around the globe. Biodegradability, non-toxicity and recyclability are some of the major factors driving the demand for bioplastics around the globe in the upcoming year and create immense opportunities for market growth.
Restraint/Challenge
- Increasing regulations regarding the usage of plastic
Country regulations governing the usage of plastic may hamper the growth of the market. To deal with it, manufacturers should use environment-friendly materials to make microtome boxes, such paperboard and as paper. Therefore, the increasing regulations regarding the usage of plastic in numerous regions are projected to create numerous challenges for the micro tube box market’s growth rate.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In September 2022, Amcor (NYSE: AMCR) (ASX: AMC), a global leader in developing packaging solutions announced a further strategic investment of up to USD 45 million in ePac Flexible Packaging (“ePac”), a leader in high quality, short run length digitally-based flexible packaging. The investment increased Amcor’s minority shareholding in ePac Holdings LLC
- In February 2021, Hoffman AG introduced a lighter plastic tube solution that uses up to 30% fewer virgin materials. This tube is the newest addition to the company’s EcoDesign series of environment friendly tubes. It aligns with the packaging industry’s vision to reduce carbon footprint and materials waste
Global Micro Tube Box Market Scope
The micro tube box market is segmented on the basis of capacity, application, and material. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Capacity
- Up to 50 Tubes
- 51 to 100 Tubes
- 100 to 150 Tubes
- Above 150 Tubes
Application
- Biological
- Medicine
- Chemical
- Other
Material
- Plastic
- Polyethylene
- Polycarbonate
- Polyethylene Terephthalate
- Polypropylene
- Paperboard
- Other Plastics
Global Micro Tube Box Market Regional Analysis/Insights
The micro tube box market is analyzed and market size insights and trends are provided by country, capacity, application, and material as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, and rest of Middle East and Africa.
North America is expected to dominate the micro tube box market due to the surging demand of micro tube box due to its properties. Furthermore, the demand for micro tubes is growing in numerous industries that conduct research and development activities. Asia-Pacific is expected to grow with the highest growth rate in the forecast period of 2024 to 2031 due to the the increasing usage of recyclable materials. Moreover, demand for bioplastic packaging products will further enhance the market growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Micro Tube Box Market Share Analysis
The micro tube box market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to micro tube box market.
Some of the major players operating in the micro tube box market are:
- Medax International, Inc. (U.S.)
- Isolab Laborgeräte GmbH (Germany)
- Ritter GmbH (Germany)
- rose plastic India Pvt. Ltd. (India)
- Labnet (U.S.)
- Merck KGaA (Germany)
- Thermo Fisher Scientific (U.S.)
- Bioline Technologies (U.S.)
- Axil Scientific Pte Ltd. (India)
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