The Global Market for Laboratory Glassware and Plasticware is Projected to Reach US$7.3 Billion by 2024

Growing Research Activity Supported by Robust Funding & Implementation of Good Clinical Laboratory Practices to Drive Demand for Laboratory Glassware and Plasticware, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Laboratory Glassware and Plasticware market. The global market for Laboratory Glassware and Plasticware is projected to reach US$7.3 billion by 2024, driven by sustained growth in life sciences R&D funding, implementation of guidelines for good clinical laboratory practices (GCLP) in public and private laboratories and the ensuing emphasis on internal preventive maintenance activities for all laboratory equipment.

Laboratory glassware and plasticware includes a wide range of laboratory instruments, categorized as laboratory consumables which are routinely used in a variety of laboratories. Together termed as labware, the market for laboratory glassware and plasticware is largely dependent on government and private research funding that fuels research activity. Continued rise in R&D spending across various sectors in recent years, therefore, has been a major growth driving factor in the market. A key trend defining the market is the growing shift towards laboratory plasticware at the expense of laboratory glassware. While glassware continues to retain its relevance in applications where data integrity and ultrapure environment are critical factors, plasticware is witnessing increased penetration in several other applications where lower cost, higher safety, ease-of-use, unbreakable nature and compatibility with commonly used lab chemicals are vital factors.

The transition towards plastic in laboratory ware has been galvanized by tremendous material innovations over the years. Significant developments at the polymeric material research front paved way for development of container materials meeting tighter handling requirements of a wide range of lab chemicals. The growing trend towards process automation driven by the emergence of automated analytical solutions has raised the quality requirements of glass and plasticware used in laboratories. The trend has prompted manufacturers to invest considerably in material and product innovations. Developments in plastic lab items have enabled material handling capabilities and automation within labs. Technological advances have led to the development of myriad properties such as enhanced physical strength, autoclavibility, better transparency, higher heat resistance and the ability to handle corrosive acids.

As stated by the new market research report on Laboratory Glassware and Plasticware, the United States represents the largest market worldwide supported by the presence of several federal and private research institutions, and stringent quality and safety regulations. Asia-Pacific ranks as the fastest growing market with a CAGR of 5.3% through the analysis period, led by factors such as emergence of the region as a hub for life sciences research; presence of skilled workforce, increased outsourcing of contract research activities from the west and the resulting establishment of numerous clinical research organizations (CROs); increased competition, improving standards and emphasis on excellence of laboratory services; and strong growth in domestic pharma industries and a parallel increase in  analytical laboratory projects.

Major players in the market include Bellco Glass Inc., Borosil Glass Works Limited, Eppendorf AG, Duran Group GmbH, Kimble Chase Life Science and Research Products LLC, SciLabware Limited, Wheaton Industries Inc., Gerresheimer AG, Mettler-Toledo International Inc., Sartorius Biohit Liquid Handling Oy and Thermo Fisher Scientific Inc., among others.

The research report titled “Laboratory Glassware and Plasticware: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Laboratory Glassware and Plasticware in value terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East & Africa and Latin America. Global and regional market analytics are further analyzed by the following product groups/segments: Laboratory Glassware (Beakers, Bottles, Burettes, Flasks, Funnels, Measuring Cylinders, Pipette & Pipette Tips, Slides, Stirring Rods, Test Tubes, Tubings, Vials and Other Laboratory Glassware), and Laboratory Plasticware (Beakers, Bottles, Flasks, Funnels, Pipette & Pipette Tips, Racks, Test Tubes, Tubings, Vials and    Other Laboratory Plasticware). End-use applications analyzed include Biotech/Life Science Research, Chemical/Petrochemical, Clinical, Engineering, Environmental, Food Processing & Testing, Material Testing and Metal Processing.

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