Global Microplates Market is Likely to Grow a CAGR of 4.42% during the Forecast Period

The latest market report published by Credence Research, Inc. “Global Microplates Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Microplates Market generated revenue of around USD 803.89 million in 2021 and is anticipated to grow a CAGR of over 4.42% during the forecast period from 2021 to 2028 to reach around USD 1,085.94 million in 2028. While, cumulative growth opportunity presented by the global Microplates is around USD 6.68 billion during 2022 to 2028.

Global Microplates Market, 2021 – 2028 (USD Million)

Browse the full report at  Microplates Market Size, Trends, Share and Growth Report | Forecast to 2028 (credenceresearch.com)

Microplates are most important tools in the modern day research development activities being carried out by the pharmaceuticals and biotech companies. Microplates are poised to play important role in the future development of drug discovery, cell culture and genome engineering. Microplates costs anywhere between USD 1.25 to USD 10 based on material, type, pigmentation and application area.

Polycarbonate and Cyclo-olefins to Grow at Rapid Pace

Polystyrene, Polypropylene, Others (Polycarbonate, Cyclo-olefins, glass and quartz) are some of the major materials used in the manufacturing of microplates. Polycarbonate and Cyclo-olefins are all set to advance at rapid CAGR of over 5% during the forecast period. While, polystyrene and polypropylene are expected to continue to dominate with highest share throughout forecast period. However, price fluctuations of polystyrene and polypropylene are expected to offer major challenge to the manufacturers. Injection molding is most predominantly used manufacturing process for microplates.

Clear Microplates to Account for Largest Share

Black, White and Clear are major types of microplates based on pigmentation. Clear microplates are widely used in cell culture as well as pharma & biotech research & development activities. It held over 50% share in 2020. While, white microplates are sitting on second place. Black microplates are used to carry out specific research activities.

Screening and UV/VIS Spectroscopy & Immunology to Grow Faster

Cell Culture, Screening and UV/VIS Spectroscopy, Immunology, Storage and Others are major segments based on the application industry. Screening and UV/VIS Spectroscopy & Immunology are expected to lead the future growth of microplates. Increasing investment in research & development by both government and companies driving the demand for microplates. ELISA tests are specifically fueling the demand for microplates. Cell culture is flouring across the world. North America and Europe dominated the cell culture industry and hence accounted for the largest share.

96 Well Microplates Held over 39% share in 2021

96 Well Microplates, 384 Well Microplates, 1536 Well Microplates and Others are major types of Microplates. 96 well Microplates dominated the industry with over 39% share in 2021 while, 384 well Microplates are poised to grow at a rapid pace.

Focus on R&D

Greiner Bio One International GmbH, Corning Incorporated, Thermo Fisher Scientific, Eppendorf AG, PerkinElmer Inc., Becton, Dickinson and Company, QIAGEN N.V., VWR (Avantor) and SPL Life Sciences are some of the major players in the global Microplates market. Top five players held over 40%s share of the industry in 2021. Market is expected to remain concentrated over the forecast period owing to established brands, stringent regulation, huge initial investment and pricing power of the major players.

 

Market Segmentation

Global Microplates Market by Base Material, 2016 – 2028

  • Polystyrene
  • Polypropylene
  • Others (Polycarbonate, Cyclo-olefins, glass and quartz)

Global Microplates Market by Pigmentation, 2016 – 2028

  • Black
  • White
  • Clear

Global Microplates Market by Application, 2016 – 2028

  • Cell Culture
  • Screening and UV/VIS Spectroscopy
  • Immunology
  • Storage
  • Others

Global Microplates Market by Type, 2016 – 2028

  • 96 Well Microplates
  • 384 Well Microplates
  • 1536 Well Microplates
  • Others

Global Microplates Market by Company, 2021

  • Greiner Bio One International GmbH
  • Corning Incorporated
  • Thermo Fisher Scientific
  • Eppendorf AG
  • PerkinElmer Inc.
  • Becton, Dickinson and Company
  • QIAGEN N.V.
  • VWR (Avantor)
  • SPL Life Sciences

Others