Laboratory glassware and plasticware are used for scientific research purposes and include instruments such as beakers, burettes, funnels, condensers, pipettes, bottles, etc. Laboratory glassware is made of borosilicate glass, while plasticware refers to a set of equipment made from different types of plastic materials. Plasticware is flexible and easier to handle, whereas, glassware is best suited for conducting vigorous reactions and heating chemicals despite its brittle nature. According to the latest report by IMARC Group, titled “Laboratory Glassware and Plasticware Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global laboratory glassware and plasticware market exhibited moderate growth during 2015-2020.
The increasing applications of glassware and plasticware for clinical use in hospitals and forensic laboratories, and for research in the field of pharmaceutical and drug discovery, veterinary science and agriculture are anticipated to be the major driver for the market growth. In addition, the growing prevalence of chronic diseases have led to the development of new drugs, in turn, spurring the global laboratory glassware and plasticware market. Moreover, a surge in biology and biotechnology research, including vaccine development, disease research and stem cell research is anticipated to propel the laboratory glassware and plasticware market across the globe. Looking forward, IMARC Group expects the global laboratory glassware and plasticware market to reach a value of US$ 7.22 Billion by 2026, exhibiting moderate growth during the forecast period (2021-2026).
This report provides a deep insight into the global laboratory glassware and plasticware market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the laboratory glassware and plasticware industry in any manner.
Key Questions Answered in This Report:
According to the estimates by IMARC Group, the global laboratory glassware and plasticware market is expected to witness moderate growth during 2021-2026.
Sudden outbreak of the COVID-19 pandemic has catalyzed the development of new drugs and vaccines to eradicate the widespread transmission of coronavirus infection, thereby positively impacting the market growth.
The expanding application of glassware and plasticware for clinical use in hospitals and forensic laboratories and for research purposes in drug discovery, veterinary science, and agriculture practices, represent one of the key drivers for the global laboratory glassware and plasticware market.
A continuous surge in biology and biotechnology research activities, including vaccine development, disease research and stem cell research, represents one of the key trends in the global laboratory glassware and plasticware market.
On the basis of the product type, the market has been bifurcated into laboratory glassware and laboratory plasticware. Currently, laboratory glassware holds the majority of the total market share.
On the basis of the end-user segments, the market has been segmented into research and academic institutes, hospitals and diagnostic centers, biotechnology industry and pharmaceutical, contract research organizations, and food and beverage industry. At present, research and academic institutes exhibit a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global laboratory glassware and plasticware market are Corning Inc., Duran Group, Gerresheimer AG, Sartorius AG, Thermo Fisher Scientific, Mettler Toledo International, Inc., Eppendorf AG, Bellco Glass, Inc., Crystalgen Inc. and Technosklo Ltd.
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