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The global laboratory glassware and plasticware market size is estimated to grow by USD 1.006 billion at a CAGR of 3.47% between 2022 and 2027.
Laboratories are subjected to strict regulatory requirements during the reprocessing and storage of these products. The workload of laboratory personnel has increased as a result of increasing demand for biological processing, drug development, and diagnostic testing and research. Laboratory staff are increasingly moving to disposable products as part of their usual work practices, to reduce the increasing workload. Plasticware such as polymeric Petri dishes, vials, tubes, beakers, and flasks are largely used as disposable products in laboratories. In laboratories, like cold storage and autoclaving, suppliers offer a variety of products designed to be able to cope with high-temperature requirements. Moreover, disposable plasticware is offering end-users several other benefits in terms of being lightweight, recyclable, cost-effective, flexible, and non-breakable. It also includes an in-depth analysis of drivers, trends, and challenges.
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The market share growth by the research institutes segment will be significant during the forecast period. Research institutes comprise organizations such as biotechnology and life science research institutes, pharmaceutical companies, food and beverage companies, agriculture research institutes, and environment and toxicology research centers. Glass and plastic containers are used in these institutions.
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The research institutes' segments were valued at USD 1,847.25 million in 2017. The increasing investments in the R&D of new products are propelling the demand for these in the research institutes segment. There has been an increase in drug R&D activity as there is greater demand for the development of new therapeutic products. The growing consumption of foods and beverages is also increasing the adoption of advanced products in various test procedures performed in quality control laboratories of food and beverage companies and toxicology research centers.
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Asia is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Another region offering significant growth opportunities to vendors is North America. The region dominates the global market, with the US and Canada being the leading countries in terms of revenue. The presence of a large number of key vendors and the increasing demand in pharmaceutical research and disease diagnostic applications are driving revenue growth in the market. The vendors are concentrating on offering certified products in terms of quality and sterility, which is one of the essential requirements to efficiently meet the regulatory requirements of laboratories operating in the pharmaceutical and biotechnology industries.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 18 market vendors, including:
ATS Automation Tooling Systems Inc. - The company includes planning, resource allocation, capabilities building, and implementation of best practices on a global basis.
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
The rising demand for glassware and plasticware in diagnostic laboratories is a driving trend in the laboratory glassware and plastic market. The growing incidence of acute and continual sicknesses together with cancer, metabolic disorders, cardiovascular sicknesses, infectious sicknesses, and valuable apprehensive system (CNS) sicknesses has ended in a surge in demand for in vitro diagnostic checking out a few of the reference and stand-alone diagnostic laboratories. The rapidly growing geriatric population and lifestyle changes are significantly contributing to the increasing prevalence of such diseases. The rising focus of governments on reducing the disease burden on people and providing optimum healthcare facilities has resulted in infrastructural developments and advances in laboratories.
Moreover, owing to the increasing support from governments, the number of diagnostic laboratories is increasing. Manufacturers focus on developing quality products that provide accurate analyses and are less prone to leaching effects or thermal expansion and contraction during routine exposure to reagents and diagnostic processes of diseases. This has increased the recurrent purchases of disposable labware among diagnostic laboratories for offering precise test results, which is expected to drive the growth of the global market during the forecast period.
The availability of the barcode feature in labware is a primary trend in laboratory glassware and plasticware. Demand for supplies that can be monitored and recorded easily using a single computerized intervention, is increasing due to the increased acceptance of LIMS and automation technologies. The utilization of LIMS and other inventory management software is allowing end-users to easily track and maintain records on the use and availability of these and other related information. With these factors, suppliers of laboratory glassware and plasticware are focused on maintaining their product lines with more advanced tracking systems like 1D or 2D barcoding.
However, such barcoded labware is finding increased adoption among clinical testing and research laboratories that perform a large number of sample analyses. To assist laboratory personnel in easily identifying and marking samples, as well as maintaining a reliable chain of custody through automatic information retention, printed barcode markings on glassware and plastic containers are more robust than labels. Easy information sharing between different end users is made possible by digital data storage through the use of barcode scanning. The growing adoption of LIMS is expected to promote the use of these with such automated tracking features during the forecast period, which will drive the demand for advanced labware in the market in focus and hence drive the growth of the market in focus during the forecast period.
The cross-contamination issues related to leaching are a major challenge in laboratory glassware and plasticware. The use of these throughout a couple of packages in laboratories exposes them to the threat of reactivity with pattern and cloth content material which could bring about leaching and infection issues. Leaching problems usually occur during the utilization of poorly manufactured products or newly launched products that have not undergone vigorous testing during manufacturing stages.
Moreover, this is also prone to leaching with certain inorganic contents such as dimethyl sulfoxide. Such chemicals result in the release of leachable impurities into the content, which leads to contamination. In addition, the application of heating and freezing conditions may also cause glassware and plasticware to be subjected to different temperatures leading to changes in their chemical structure. A considerable risk is involved in the adoption and acceptance of glassware and plasticware products made from non-conventional materials. Such factors result in challenging barriers during the commercialization and launch of new glassware and plasticware products in the market, which can potentially hinder the growth of the market in focus during the forecast period.
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The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The market is experiencing a surge in demand due to factors such as the advancement of technology and the rising prevalence of chronic diseases. Plasticware is becoming increasingly popular for its affordability and cost-effectiveness, especially in scientific work and laboratory automation processes.
Plastic products are preferred over traditional glassware due to their breakable nature and the brittle nature of glassware, making them more suitable for clinical use in hospitals and forensic laboratories. Additionally, the lack of funds and dearth of financing in research institutes are driving the adoption of plasticware. The research sector, including pharmaceutical, veterinary science, and agriculture, relies heavily on plasticware for vaccine development, disease research, biology, and biotechnology research. As the demand for reliable and durable laboratory products continues to rise, the market for plasticware is expected to expand further.
Laboratory Glassware and Plasticware Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.47% |
Market growth 2023-2027 |
USD 1,006.65 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.07 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
Asia at 31% |
Key countries |
US, Germany, France, China, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ATS Automation Tooling Systems Inc., Becton Dickinson and Co., Bellco Glass Inc., Biologix Group Ltd., Borosil Ltd., Citotest Scientific Co. Ltd., Corning Inc., Crystalgen Inc., Danaher Corp., DWK Life Sciences GmbH, Glassco Laboratory Equipments Pvt. Ltd., Hamilton Laboratory Glass Ltd., Merck KGaA, Mettler Toledo International Inc., Perkin Elmer Inc., Quark Glass, SARSTEDT AG and Co. KG, TECHNOSKLO s r o, Thermo Fisher Scientific Inc., and VITLAB GmbH |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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