Global Microtube Box Market is segmented By Capacity (Up to 50 tubes, 51 to 100 tubes, 100 to 150 tubes and Above 150 tubes), By Touch-point (Biological, Medicine, Chemical and Others), By Material (Plastic, Polyethylene, Polycarbonate, Polyethylene terephthalate, Polypropylene, Paperboard and Others) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Microtube Box Market Overview
The Global Microtube Box Market is estimated to reach at a CAGR of 5.3% during the forecast period 2024-2031.
A microtube box is a plastic and paperboard box used to package microtubes. In the pharmaceutical and chemical sectors, microtube boxes are commonly used to store microtubes for sampling. In a laboratory, storage products are required to keep everything organized and must be trustworthy and safe. Furthermore, microtube boxes come in various sizes, based on the product requirements and end-user needs. Microtube boxes are built of a robust material that protects the fragile microtubes that are stored inside. Polymer materials such as polycarbonate, polypropylene and polyethylene terephthalate, among others, are used to make these boxes. Microtube box manufacturers make boxes with capacities ranging from 25 to 50 tubes, 51 to 100 tubes, 100 to 150 tubes, and more than 150 tubes. During the projected period, the global market for microtube boxes is expected to rise rapidly.
Microtube Box Market Summary
| Metrics | Details |
| CAGR | 5.3% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (USD ) |
| Segments Covered | By Capacity, By Touch-point, By Material, and By Region |
| Regions Covered | North America, Latin America, Europe, Asia Pacific, Middle East, and Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Market Share | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights. |
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Microtube Box Market Dynamics
The increasing demand for microtubes in research and development is driving the market share for microtube boxes in recent years. Growing demand for packaging solutions with excellent temperature resistance and incorporating high barrier properties is expected to boost the market share for the product in the forecast period.
The increasing demand for microtubes in the research and development field is driving the market share for microtube boxes
In the past few years, R & D activities are growing tremendously at a global level. The growing R&D, particularly in the healthcare and medical sector, has uplifted the demand for microtube boxes. Biotechnology is one of the prime driving responsible for boosting the R&D activities in different parts of the globe. For instance, investment in R&D activities of biotechnology has experienced an increase over the years. In 2019, internal R&D spending amounted to more than Euro two billion. The rising numbers create opportunities for the R&D sector and carry out various experiments; sample collection and sample testing play an important role. To perform the role efficiently, microtubes are used, and to store these tube microtube boxes is preferred as they can hold various tips at a time, having a wide size range
Growing demand for packaging solutions having excellent temperature resistance and can incorporate high barrier properties
Microtube boxes are well-liked for their effectiveness and long-term durability. Microtube boxes are available from manufacturers that are contamination-free, non-allergic, and excellent for storing labware. Furthermore, microtube boxes are primarily used for packaging a large number of microtubes at a single time. For indexing and management, microtube boxes have a numbered index printed on the surface of the lid. These boxes can endure freezing conditions and can be autoclaved. Microtube box makers are designing packaging that has strong barrier qualities and is moisture-sensitive to suit the needs of end-users. Multiple microtubes can be packed in a single packing method using a microtube box. Microtube boxes have evolved as a viable alternative to microtube racks and other traditional storage designs. The microtube box's simple design and minimal material requirements have helped producers to reduce overall production costs, resulting in better business value for consumers and market growth for the product.
Growing regulations regarding the use of plastic in the countries is the major hurdle challenging the growth of microtubes box
Increasing regulatory policies towards the overuse of plastic as a packaging material acted as a major restraint hurting the growth of microtube boxes in recent times. Most microtube box manufacturing favors plastic as the base material due to the cost-effectiveness and excellent properties offered by the plastic. However, the growing policies against the increasing use of plastic have hampered many companies' market growth strategies in recent times. They are expected to maintain the momentum in the forecast period. However, to overcome the challenges, manufacturers use eco-friendly materials like paper and paperboard to make microtube boxes. Although the advantages of plastic microtube boxes, on the other hand, far outweigh those of paperboard.
COVID-19 Impact Analysis on Microtube Box Market
The outbreak of covid-19 has increased the demand for diagnostics and pathology labs. Furthermore, to carry out the diagnosis test microtubes are used to carry the sample in the required amount to avoid any error. Thus increasing diagnostics activities has increased the business of microtubes and hence uplifted the demand for microtube boxes in recent times. Furthermore, countries prefer disposable products that have overcome the regulatory issues related to the overuse of plastic during the pandemic phase to avoid cross-contamination. Apart from diagnosis rest, end-users, such as R &D labs, were completely shut down, which has reduced the market share for the product. Overall, the demand and market share for microtube boxes has increased during the covid-19 period.
Microtube Box Market Segmentation Analysis
The global Microtube box market is segmented based on capacity, touchpoint, material and region.
Plastic is cost-effective, can survive extreme environments, and doesn't easily degrade in hot and cold temperatures.
The global microtube box market based on material is bifurcated into plastic, polyethylene, polycarbonate, polyethylene terephthalate, polypropylene, paperboard, other plastics (PVC, PS etc.). Out of the mentioned material types, plastic holds the dominating market share as compared to other materials. Plastic is cost-effective, can survive extreme environments, and doesn't easily degrade in hot and cold temperatures. , the material is disposable, thus avoiding any kind of cross-contamination during any experiment or diagnosis, leading to increased market demand for the product.
Global Microtube Box Market Geographical Share
Increasing diagnostic activities and improving investments in R&D projects has accelerated the market share for microtube box in North America region
North America holds the highest market share for the microtube box market in recent times, particularly due to increasing diagnostic activities and improving investments in R&D projects. Furthermore, the outbreak of covid-19 has shown serious effects on the North American region, leading to accelerating the growth of the microtube box in the region. The presence of the major key player, investors and fundraising authorities for healthcare and service, government reimbursement plans for healthcare services has boosted the growth of the product in the region.
Asia-pacific, on the other side has seen significant growth in the microtube Box Market in the past many years, particularly due to increased prevalence of chronic disease, rising number of IVD tests globally, sufficient reimbursement policies, improved diagnosis seeking rate globally, and expanding the reach of molecular diagnostics are the primary drivers driving market demand in the forecast period.
Microtube Box Market Companies and Competitive Landscape
The microtube box market is highly competitive with the presence of local as well as global companies. Some of the key players contributing to the market's growth include VWR International, LLC, Medax International Inc, Cole-Parmer Instrument Company, LLC, Isolab Laborgeräte GmbH, Ritter GmbH, and Rose Plastic India Pvt. Ltd, Thermo Fisher Scientific Inc., Bioline Technologies, MTM Molded Products Company, Ritter GmbH and Axil Scientific Pte Ltd and among others. The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the growth of the microtube box market globally.
VWR International, LLC
Overview: Avantor is a Fortune 500 company that provides mission-critical products and services to customers in the biopharmaceutical, healthcare, education, and government sectors, as well as innovative technologies and applied materials. The company has served more than 225,000 customer locations because of its global footprint and has significant access to research laboratories and scientists in more than 180 countries.
Product Portfolio: The company has a product portfolio of Microtube Box that includes:
- VWR Microtube Storage Boxes: The polypropylene boxes will not absorb water or decay like cardboard storage boxes and will maintain their integrity in extreme freezer conditions. When the box is closed, a three-point hinge and positive catch enable rapid access to samples while still keeping them secure. There are seven different color options for the boxes—an alphanumeric grid aids sample identification on the lid.
Key Development
- For instance, in November 21, 2017, Avantor, Inc., has successful completion of its acquisition of VWR Corporation the leading independent provider of product, supply chain, and service solutions to laboratory and production customers
The global microtube box market report would provide approximately 61 market data tables, 58 figures, and 250 pages.
