The Global Laboratory Glassware and Plasticware Market include a global opportunity analysis and industry forecasts for the period 2023-2032. The global market is expected to reach USD 7.23 Billion by 2022, registering a CAGR of 4.2% from 2023 to 2032. The base year considered for the study is 2022, and the forecast has been provided for the period, 2023 to 2032.
Borosilicate glass is used for laboratory glassware, and a set of equipment is termed "plasticware" if it is constructed of various plastic components. Glass is ideal for heating chemicals and conducting powerful reactions despite its brittle nature, while plastic is more flexible and simpler to handle.
The term "laboratory glassware" describes a wide range of instruments, usually constructed of glass and used in scientific research. Glass is frequently used in chemistry, biology, and analytical laboratories because it can be blown, bent, cut, molded, into a variety of sizes and forms.
Laboratory Due to its more durable usefulness, plasticware plays a vital role in laboratories for material handling, storage, measuring, washing, pouring, and stacking. Plastic labware is more cost-effective, lightweight, robust, and compatible with standard laboratory chemicals.
The need for plasticware, which is flexible, manageable, and affordable, will be a major factor in this market's growth. The advantages of utilising plastic over glassware have been enhanced by technological advancement, which has helped to boost adoption among end users. On the other hand, the main reasons impeding the growth of this industry are the fragility of glass (leading to a low demand for glassware) and a lack of funding (resulting in fewer research efforts, therefore impacting both the glassware and plasticware industries).
The main factor driving market expansion is predicted to be the growing use of glass and plastic for clinical usage in hospitals and forensic laboratories, as well as for research in the areas of pharmaceutical and drug discovery, veterinary science, and agriculture. Additionally, the global market for laboratory glassware and plasticware has been boosted by the discovery of novel medications in response to the rising frequency of chronic diseases. Additionally, it is projected that a spike in biology and biotechnology research, including vaccine development, disease research, and stem cell research, will fuel the global market for laboratory glassware and plasticware.
Market Dynamics:
Drivers:
- Biotechnology and pharmaceutical industry research is expanding.
- Innovation in labware is increasingly driven by a focus on quality.
- Growing Demand for Glass and Plastic Products
Restraints:
- Low Favourability for Glassware because of its Fragile Nature
Opportunities:
- Product Innovation for Plastic and Glassware
- Increasing number of research laboratories across countries
Challenges:
- Automatization and enhanced analytical equipment
Trends:
- Modernization of Glassware Manufacturing Technologies
- Rising Demand for Compatibility-Supporting Products in Laboratories.
Impact Of Covid-19 On The Laboratory Glassware and Plasticware Market:
- Due to the widespread production of vaccinations on a large scale in numerous nations, the production of vials has significantly expanded. Numerous nations have authorised the use of many vaccines in an emergency.
- Vials are used to store these vaccinations. Glass borosilicate, which can endure greater temperatures and is resistant to various chemicals, is used to make vials. As a result, the need for vials is rising rapidly. Schott, a manufacturer of specialty glass, has announced the delivery of 1 billion glass vials for doses of the COVID-19 vaccine.
- The business added that it planned to distribute over 2 billion vials by the end of this year. These advancements are encouraging for the market expansion of laboratory glassware and plastics.
TABLE 1: GLOBAL LABORATORY GLASSWARE AND PLASTICWARE MARKET OVERALL SNAPSHOT
Market Segmentation:
The global Laboratory Glassware and Plasticware market has been segmented by product, by plasticware, by end user, by region.
All of the segments are contributing to market growth, and due to the market segment's continued availability, the market will continue to expand in new directions.
Laboratory Glassware and Plasticware Market, By Product:
The market is divided into burettes, storage containers, beakers, pipettes, and pipette tips, and others based on the kind of product. The majority of the market share belongs to the test tubes. The plastic laboratory equipment, on the other hand, is broken down into storage containers, flasks, beakers, measuring cylinders, and funnels. The most common product category among these is storage boxes.
Laboratory Glassware and Plasticware Market, By Plasticware:
The preference for plastic pipettes over glass ones to avoid breakage and the rising use of glass pipettes in academic institutions and research labs are two factors that have contributed to the expansion of this market.
Laboratory Glassware and Plasticware Market, By End User:
The market is divided into the pharmaceutical and biotechnology industries; contract research organizations; the food and beverage industry; hospitals and diagnostic facilities; and others based on the end user. Diagnostic centres and hospitals are among the key segments.
Global Laboratory Glassware and Plasticware Market, Based On Regional Analysis:
In 2021, North America accounted for more than 40% of the market for plastic and glassware used in laboratories worldwide. The extensive usage of laboratory glassware and plasticware in R&D research in this region is a significant contributor to North America's dominant market position. Many glassware and plasticware producers are growing their global footprints. The company's market presence, in addition to its operations, has been strengthened by the acquisition of two companies. For instance, the Duran group, a major producer of glass for industrial and laboratory use, bought Kimble Chase Life science and Research Products. This acquisition aids Duran Group in strengthening its position as a world leader in the market for laboratory and scientific glassware.
TABLE 2: GLOBAL LABORATORY GLASSWARE AND PLASTICWARE MARKET OVERVIEW
Recent Developments In The Global Laboratory Glassware and Plasticware Market:
- In August 2020 - DWK Life Sciences GmbH acquired Muller + Muller-Joh. GmbH & Co. KG in order to boost the division's production of tubular glass pharmaceutical packaging.
- In April 2020 - SP Scienceware, a branch of Warminster, Pennsylvania-based SP Industries Inc., introduces the New ProCulture Product Line for cell culture processes, which features a variety of shaker flasks, spinner flasks, and other vessels.
- In 2016 - Sartorius introduced the Tacta mechanical pipette.
- In 2015 - Eppendorf AG introduced the epMotion 96 pipetting system for handling liquids.
What Does This Report Provide?
This report provides a detailed understanding of the global laboratory glassware and plasticware market from qualitative and quantitative perspectives during the forecast period. The major market drivers, challenges, and opportunities for the global Laboratory Glassware and Plasticware Market have been covered in the report.
Major companies: in this report, the major companies studied are Laboratory Glassware and Plasticware Market are Corning, Inc. (U.S.), Eppendorf AG (Germany), Sartorius AG (Germany), and Thermo Fisher Scientific, Inc. (U.S.).
Regional Coverage:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Russia
- UK
- France
- Italy
- Spain
- The Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
Objectives of this Report:
- To offer a thorough study of the laboratory glassware and plasticware market by type, end user, and region.
- Providing comprehensive information on market growth influences (drivers, restraints, opportunities, and industry-specific restraints).
- Evaluating and forecasting micro markets as well as the overall market
- Calculating market sizes in key regions such as the Middle East, Africa, South America, Asia-Pacific, and North America.
- Mapping the competitive landscape and tracking product launches, technological advancements, mergers, and expansions
Key Questioned Answered in the Report:
- Which region dominates the global market for laboratory glassware and plasticware?
- How fast is the global market for laboratory glassware and plasticware growing?
- What topics are covered in the study on the global laboratory glassware and plasticware market?
- Who are the leading companies in the global market for laboratory glassware and plasticware market?
Customization of the market analysis:
This research is tailored to match your individual needs:
- By customer-specific demand of additional customization including type, country, and application market analysis
- by potential listing of customers and pricing assessment
- Type-specific competitive analysis
- By sub – segments.
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