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The laboratory glassware and plasticware market size is forecast to increase by USD 978.6 million, at a CAGR of 3.28% between 2023 and 2028.
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The laboratory glassware and plasticware industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The research institutes segment is estimated to witness significant growth during the forecast period.
In the dynamic and evolving laboratory equipment market, research institutes represent a significant segment due to their continuous demand for glassware and plasticware. These organizations, including biotechnology and life science research institutes, pharmaceutical companies, food and beverage firms, agriculture research institutes, and environment and toxicology research centers, utilize various types of glassware and plasticware such as beakers, tubes, vials, Petri dishes, racks, flasks, and containers for conducting research and testing activities. The increasing investments in research and development (R&D) of new products have significantly influenced the demand for glassware and plasticware in this sector. The rising number of clinical trials for chronic diseases, including cancer, cardiovascular diseases, and neural diseases, has led to a surge in pre-clinical developments.
As a result, the demand for volumetric glassware like beakers, borosilicate glass beakers, and erlenmeyer flasks, as well as plasticware like disposable plastic pipettes, centrifuge tubes, and petri dishes, has increased. Moreover, the importance of laboratory safety equipment, such as funnels for filtration processes, desiccators for humidity control, and burettes for titration precision, has become increasingly apparent. Glassware and plasticware must meet specific requirements, including temperature resistance limits, chemical resistance testing, and breakage prevention measures like borosilicate glass composition and coverslips thickness variations. The market for laboratory glassware and plasticware is expected to grow substantially in the coming years, with an estimated 25% of research institutes adopting advanced glassware and plasticware solutions.
Furthermore, the adoption of automation technologies and the increasing preference for autoclavable materials in plasticware are anticipated to fuel market expansion. Additionally, the market for laboratory glassware and plasticware is witnessing the emergence of innovative products, such as volumetric glassware types like graduated cylinders used for measuring liquids and pipettes with serological dispensing capabilities. These advancements are expected to cater to the evolving needs of research institutes and contribute to the market's growth. In summary, the market is experiencing significant growth due to the increasing demand from research institutes for advanced glassware and plasticware solutions. The market's expansion is driven by the rising number of clinical trials, the importance of laboratory safety equipment, and the emergence of innovative products.
With these trends in place, the market is poised for continued growth in the coming years.
The Research institutes segment was valued at USD 1901.20 million in 2018 and showed a gradual increase during the forecast period.
Asia is estimated to contribute 33% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American market holds a significant share in the global laboratory glassware and plasticware industry. The US and Canada are the primary contributors to the region's revenue growth, driven by the presence of numerous key players and the increasing demand for glassware and plasticware in pharmaceutical research and disease diagnostic applications. Key companies, such as Corning, DWK Life Sciences, Bellco Glass, Crystalgen, Hach (a Danaher subsidiary), PerkinElmer, Thermo Fisher Scientific, and Mettler-Toledo International, dominate the market in North America. These companies focus on providing certified products that meet the stringent quality and sterility requirements of laboratories operating in the pharmaceutical and biotechnology sectors.
The market's growth is underpinned by the increasing adoption of advanced technologies and automation in laboratory processes. For instance, the integration of digital technologies like IoT and AI in laboratory equipment is expected to boost efficiency and productivity. Furthermore, the growing trend of outsourcing laboratory services to contract research organizations (CROs) and contract manufacturing organizations (CMOs) is also contributing to market expansion. According to recent industry reports, the market is projected to grow at a steady pace, with an estimated increase of around 5% to 7% annually over the next five years. This growth is attributed to the rising demand for laboratory equipment in various end-use industries, including pharmaceuticals, biotechnology, food and beverage, and academic and research institutions.
Comparatively, the European market is expected to witness a similar growth trajectory, driven by the increasing focus on research and development activities in the region. The presence of a large number of key players and the growing adoption of advanced technologies are also contributing factors. In contrast, the Asia Pacific market is anticipated to exhibit the highest growth rate during the forecast period, primarily due to the increasing demand for laboratory equipment in emerging economies like China and India. In summary, The market is witnessing robust growth, driven by the increasing demand for laboratory equipment in various end-use industries and the adoption of advanced technologies.
The North American market holds a significant share in the industry, with the US and Canada being the leading countries in terms of revenue. Key companies are focusing on offering certified products and integrating advanced technologies to meet the evolving needs of laboratories in the pharmaceutical and biotechnology sectors. The market is projected to grow at a steady pace, with the European and Asia Pacific markets exhibiting the highest growth potential.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Enhancing Laboratory Productivity: A Closer Look at the US Market for Borosilicate Glass Beakers, Volumetric Flasks, and Plasticware The US the market caters to the unique needs of industry professionals, prioritizing performance improvements, efficiency gains, compliance, and innovation. Borosilicate glass beakers, for instance, offer superior thermal shock resistance, ensuring durability during rapid temperature changes. This feature improves efficiency by reducing the time and resources spent on beaker replacement. Volumetric flasks require calibration accuracy verification to maintain precise measurements. Plasticware, with autoclavable materials, offers sterilization parameters that comply with stringent industry standards. Glassware cleaning validation protocol implementation is crucial for maintaining a contamination-free environment. Chemical resistance testing is essential for various laboratory reagents. Borosilicate glass beakers and plasticware exhibit varying temperature resistance limits, ensuring compatibility with different applications.
Disposable plastic pipettes offer accuracy and sterility assurance, while centrifuge tubes are selected based on specific applications to optimize performance. Petri dishes undergo rigorous dimensions and sterility quality control, while microscopy slide preparation techniques and quality assessment require precise coverslip thickness selection for various microscopy applications. Erlenmeyer flasks come in various volumetric capacities and applications, and watch glasses are chosen based on evaporation procedure requirements. Funnel filtration process optimization is achieved using different pore sizes, and beaker material composition and chemical compatibility guides ensure safe and effective use. Pipette accuracy verification using gravimetric methods and measuring cylinder graduation accuracy and precision further enhance laboratory productivity. Desiccators with humidity control maintain sample preservation, and crucibles with high-temperature applications offer superior material properties. By focusing on these aspects, the US the market continues to innovate and cater to the evolving needs of industry professionals.
The laboratory glassware and plasticware market emphasizes high-quality standards in design, performance, and safety. A borosilicate glass beaker thermal shock resistance feature ensures durability under rapid temperature changes, while volumetric flask calibration accuracy verification guarantees reliable measurements. Pipette dispensing accuracy and precision testing remain essential for reproducible results, complemented by plasticware autoclavable materials sterilization parameters for laboratory hygiene. Chemical resistance testing various laboratory reagents highlights compatibility and safety, while temperature resistance limits different glassware materials guide proper usage. Disposable plastic pipette accuracy and sterility assurance further strengthen lab reliability. Centrifuge tube material selection based on application, petri dish dimensions and sterility quality control, erlenmeyer flask volumetric capacity and application guide, and watch glass diameter selection for evaporation procedures enhance efficiency across research environments.
The laboratory glassware and plasticware market forecasting 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 laboratory glassware and plasticware market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Laboratory Glassware And Plasticware Industry
Companies are implementing various strategies, such as strategic alliances, laboratory glassware and plasticware market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ATS Automation Tooling Systems Inc. - This company specializes in providing high-quality laboratory equipment, including Difco loops and needles, available in both glass and plastic materials. Their product offerings cater to various scientific research applications.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Laboratory Glassware And Plasticware Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.28% |
Market growth 2024-2028 |
USD 978.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.14 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, and KSA |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this laboratory glassware and plasticware market research report to meet your requirements.
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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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