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Laboratory Glassware and Plasticware Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40832
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The laboratory glassware and plasticware market share is expected to increase by USD 853 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.53%.

This laboratory glassware and plasticware market research report provide valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers laboratory glassware and plasticware market segmentation by product (glassware and plasticware), end-user (research institutes, clinical diagnostic centers, and academic institutes), and geography (North America, Europe, Asia, ROW, North America, Europe, Asia, and ROW). The laboratory glassware and plasticware market report also offers information on several market vendors, including Borosil Glass Works Ltd., Corning Inc., DWK Life Sciences GmbH, Gerresheimer AG, Merck KGaA, Mettler-Toledo International Inc., PerkinElmer Inc., SARSTEDT AG & Co. KG, SP Industries Inc., and Thermo Fisher Scientific Inc. among others.

What will the Laboratory Glassware And Plasticware Market Size be During the Forecast Period?

Laboratory Glassware and Plasticware Market Size

Download the Free Report Sample to Unlock the Laboratory Glassware and Plasticware Market Size for the Forecast Period and Other Important Statistics

 

Laboratory Glassware And Plasticware Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and after post-COVID-19 era. The substantial focus on material selection and designing are notably driving the laboratory glassware and plasticware market growth, although factors such as the stringent regulatory requirements for offering sterile glassware and plasticware may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laboratory glassware and plasticware industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Laboratory Glassware And Plasticware Market Driver

The substantial focus on material selection and designing are one of the key factors driving the growth of the global laboratory glassware and plasticware market. Laboratories use a wide range of materials with significant differences in their chemical and physical properties. Due to this, the selection of compatible glassware and plasticware with suitable materials of choice becomes essential to reduce the chances of leaching, contamination, and breakage during use. As a result, glassware and plasticware made from a wide variety of materials have been introduced by vendors for use in specific applications. Moreover, plasticware is also manufactured using an appropriate material of choice that includes PP, HDPE, PTFE, and PLA. These polymeric products offer high mechanical strength over glassware and are often used as transport containers. Nowadays, vendors are also focusing on enhancing the design of their products in terms of volume, shape, and functions to meet end-user requirements to the best possible extent. Improvements in designs are allowing end-users to easily perform reprocessing of glassware and plasticware and meet the cleaning validation requirements, which is expected to drive the market in focus growth during the forecast period.

Key Laboratory Glassware And Plasticware Market Trend

The availability of barcode features in labware will fuel the global laboratory glassware and plasticware market growth. 1D and 2D barcoded labware are finding increased adoption among clinical testing and research laboratories that perform a large number of sample analyses. Printed barcodes on glassware and plasticware are more robust than labels and help laboratory personnel to easily identify and track samples and maintain a reliable chain of custody by automated information storage. This has helped in optimizing the efficiency and cost-effectiveness of laboratory operations, minimizing the chances of human errors, and maintaining reproducibility and collaboration during repetitive laboratory testing procedures. Digital storage of information through barcode scanning allows easy sharing of information among various end-users. Also, barcode features enable the maintenance of stock-keeping units that are used by manufacturers and distributors to track their inventory and measure their sales. Such benefits have increased the development and adoption of glassware and plasticware such as barcoded bottles, cryogenic vials, test tubes, centrifugation tubes, beakers, and flasks. Moreover, the growing adoption of LIMS is expected to promote the use of glassware and plasticware with such automated tracking features during the forecast period, which will drive the market the forecast period.

Key Laboratory Glassware And Plasticware Market Challenge

The stringent regulatory requirement for offering sterile glassware and plasticware is a major challenge for global laboratory glassware and plasticware market growth. Laboratory glassware and plasticware are utilized in highly regulated applications such as disease diagnosis, life science and pharmaceutical research, and drug developments. Such stringent regulations are also enforced on vendors offering laboratory supplies such as glassware and plasticware. For instance, in order to avoid contamination and offer germ-free products to end-users, gamma radiation, and other sterilization techniques are used for the sterilization of glassware and plasticware by vendors. However, sterilization standards vary depending upon the compatibility of reagents, samples, and different materials for which this glassware and plasticware are used. Among these standards, Sterility Assurance Level (SAL) of 10-3 is the commonly used sterilization level, and 10-6 provides great assurance for the sterilization level of glassware and plasticware products. Adherence to such stringent regulations is challenging to vendors as it involves significant financial and technical resources. Therefore, the above-mentioned factors are expected to hamper the growth of the market during the forecast period.

This laboratory glassware and plasticware market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

The global laboratory glassware and plasticware market is a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laboratory glassware and plasticware market during the forecast period.

Who are the Major Laboratory Glassware And Plasticware Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Borosil Glass Works Ltd.
  • Corning Inc.
  • DWK Life Sciences GmbH
  • Gerresheimer AG
  • Merck KGaA
  • Mettler-Toledo International Inc.
  • PerkinElmer Inc.
  • SARSTEDT AG & Co. KG
  • SP Industries Inc.
  • Thermo Fisher Scientific Inc.

 

This statistical study of the laboratory glassware and plasticware market encompasses successful business strategies deployed by the key vendors. The laboratory glassware and plasticware market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Borosil Glass Works Ltd. - Through this product category, the company offers glassware such as beakers, test tubes, bottles, volumetric and round bottom flasks, pipettes, burettes, petri dishes, cylinders, and desiccators.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The laboratory glassware and plasticware market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Laboratory Glassware And Plasticware Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the laboratory glassware and plasticware market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global healthcare equipment market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Laboratory Glassware And Plasticware Market?

Laboratory Glassware and Plasticware Market Market segmentation by region

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30% of the market's growth will originate from Asia during the forecast period. China and Japan are the key markets for laboratory glassware and plasticware market in Asia. Market growth in this region will be faster than the growth of the market in regions.

The substantial focus on material selection and designing will facilitate the laboratory glassware and plasticware market growth in Asia over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The novel coronavirus outbreak, popularly named COVID-19, has been declared a pandemic by the World Health Organization (WHO). This pandemic is indeed a tragedy for humankind, and it had a far-reaching impact on industries too. Owing to this pandemic, both the manufacturing and services sides of industries got hit in terms of economic slowdown/gains. As people contemplate the involvement of multiple approaches to tackle this challenge, with resilience and reform being the two most sought-after approaches, different industries have traded differently with this impact. However, in 2021, the initiation of large-scale vaccination drives?has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating Product Segments in the Laboratory Glassware And Plasticware Market?

Laboratory Glassware and Plasticware Market Segmentation

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The laboratory glassware and plasticware market share growth by the glassware segment will be significant during the forecast period. The glassware segment dominates the laboratory glassware and plasticware market, owing to the wide adoption of these products in the preparation of reagents, media, buffers, solvents, and solutions, and their substantial use in storage, heating, sterilization, and incubation applications. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the laboratory glassware and plasticware market size and actionable market insights on post COVID-19 impact on each segment.

 

Laboratory Glassware And Plasticware Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.53%

Market growth 2021-2025

$ 853 million

Market structure

Fragmented

YoY growth (%)

3.33

Regional analysis

North America, Europe, Asia, ROW, North America, Europe, Asia, and ROW

Performing market contribution

Asia at 30%

Key consumer countries

US, Germany, China, Japan, France, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Borosil Glass Works Ltd., Corning Inc., DWK Life Sciences GmbH, Gerresheimer AG, Merck KGaA, Mettler-Toledo International Inc., PerkinElmer Inc., SARSTEDT AG & Co. KG, SP Industries Inc., and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Laboratory Glassware And Plasticware Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive laboratory glassware and plasticware market growth during the next five years
  • Precise estimation of the laboratory glassware and plasticware market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the laboratory glassware and plasticware industry across North America, Europe, Asia, ROW, North America, Europe, Asia, and ROW
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of laboratory glassware and plasticware market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Healthcare equipment market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Glassware - Market size and forecast 2020-2025
      • Exhibit 17: Glassware - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Glassware - Year-over-year growth 2020-2025 (%)
    • 5.4 Plasticware - Market size and forecast 2020-2025
      • Exhibit 19: Plasticware - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Plasticware - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 21: Market opportunity by Product

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 22: End user - Market share 2020-2025 (%)
    • 6.2 Comparison by End user
      • Exhibit 23: Comparison by End user
    • 6.3 Research institutes - Market size and forecast 2020-2025
      • Exhibit 24: Research institutes - Market size and forecast 2020-2025 ($ million)
      • Exhibit 25: Research institutes - Year-over-year growth 2020-2025 (%)
    • 6.4 Clinical diagnostic centers - Market size and forecast 2020-2025
      • Exhibit 26: Clinical diagnostic centers - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Clinical diagnostic centers - Year-over-year growth 2020-2025 (%)
    • 6.5 Academic institutes - Market size and forecast 2020-2025
      • Exhibit 28: Academic institutes - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Academic institutes - Year-over-year growth 2020-2025 (%)
    • 6.6 Market opportunity by End user
      • Exhibit 30: Market opportunity by End user

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 32: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 33: Geographic comparison
    • 8.3 North America - Market size and forecast 2020-2025
      • Exhibit 34: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 35: North America - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 36: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 Asia - Market size and forecast 2020-2025
      • Exhibit 38: Asia - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: Asia - Year-over-year growth 2020-2025 (%)
    • 8.6 ROW - Market size and forecast 2020-2025
      • Exhibit 40: ROW - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: ROW - Year-over-year growth 2020-2025 (%)
    • 8.7 Key leading countries
      • Exhibit 42: Key leading countries
    • 8.8 Market opportunity by geography
      • Exhibit 43: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Market trends

          10 Vendor Landscape

          • 10.1 Vendor landscape
            • Exhibit 45: Vendor landscape
          • 10.2 Landscape disruption
            • Exhibit 46: Landscape disruption
            • Exhibit 47: Industry risks

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 48: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 49: Market positioning of vendors
          • 11.3 Borosil Glass Works Ltd.
            • Exhibit 50: Borosil Glass Works Ltd. - Overview
            • Exhibit 51: Borosil Glass Works Ltd. - Business segments
            • Exhibit 52: Borosil Glass Works Ltd. - Key offerings
            • Exhibit 53: Borosil Glass Works Ltd. - Segment focus
          • 11.4 Corning Inc.
            • Exhibit 54: Corning Inc. - Overview
            • Exhibit 55: Corning Inc. - Business segments
            • Exhibit 56:Corning Inc. - Key news
            • Exhibit 57: Corning Inc. - Key offerings
            • Exhibit 58: Corning Inc. - Segment focus
          • 11.5 DWK Life Sciences GmbH
            • Exhibit 59: DWK Life Sciences GmbH - Overview
            • Exhibit 60: DWK Life Sciences GmbH - Product and service
            • Exhibit 61:DWK Life Sciences GmbH - Key news
            • Exhibit 62: DWK Life Sciences GmbH - Key offerings
          • 11.6 Gerresheimer AG
            • Exhibit 63: Gerresheimer AG - Overview
            • Exhibit 64: Gerresheimer AG - Business segments
            • Exhibit 65: Gerresheimer AG - Key offerings
            • Exhibit 66: Gerresheimer AG - Segment focus
          • 11.7 Merck KGaA
            • Exhibit 67: Merck KGaA - Overview
            • Exhibit 68: Merck KGaA - Business segments
            • Exhibit 69:Merck KGaA - Key news
            • Exhibit 70: Merck KGaA - Key offerings
            • Exhibit 71: Merck KGaA - Segment focus
          • 11.8 Mettler-Toledo International Inc.
            • Exhibit 72: Mettler-Toledo International Inc. - Overview
            • Exhibit 73: Mettler-Toledo International Inc. - Business segments
            • Exhibit 74: Mettler-Toledo International Inc. - Key offerings
            • Exhibit 75: Mettler-Toledo International Inc. - Segment focus
          • 11.9 PerkinElmer Inc.
            • Exhibit 76: PerkinElmer Inc. - Overview
            • Exhibit 77: PerkinElmer Inc. - Business segments
            • Exhibit 78: PerkinElmer Inc. - Key offerings
            • Exhibit 79: PerkinElmer Inc. - Segment focus
          • 11.10 SARSTEDT AG & Co. KG
            • Exhibit 80: SARSTEDT AG & Co. KG - Overview
            • Exhibit 81: SARSTEDT AG & Co. KG - Product and service
            • Exhibit 82: SARSTEDT AG & Co. KG - Key offerings
          • 11.11 SP Industries Inc.
            • Exhibit 83: SP Industries Inc. - Overview
            • Exhibit 84: SP Industries Inc. - Product and service
            • Exhibit 85:SP Industries Inc. - Key news
            • Exhibit 86: SP Industries Inc. - Key offerings
          • 11.12 Thermo Fisher Scientific Inc.
            • Exhibit 87: Thermo Fisher Scientific Inc. - Overview
            • Exhibit 88: Thermo Fisher Scientific Inc. - Business segments
            • Exhibit 89:Thermo Fisher Scientific Inc. - Key news
            • Exhibit 90: Thermo Fisher Scientific Inc. - Key offerings
            • Exhibit 91: Thermo Fisher Scientific Inc. - Segment focus

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 92: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 93: Research Methodology
              • Exhibit 94: Validation techniques employed for market sizing
              • Exhibit 95: Information sources
            • 12.4 List of abbreviations
              • Exhibit 96: List of abbreviations

            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.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Laboratory Glassware and Plasticware Market market growth will increase by $853 mn during 2021-2025.
            The laboratory glassware and plasticware market market is expected to grow at a CAGR of 3.53% during 2021-2025.
            Technavio has segmented the laboratory glassware and plasticware market market by product (glassware and plasticware) ,end-user (research institutes, clinical diagnostic centers, and academic institutes) , and geography (North America, Europe, Asia, ROW, and North America).
            Borosil Glass Works Ltd., Corning Inc., DWK Life Sciences GmbH, Gerresheimer AG, Merck KGaA, Mettler-Toledo International Inc., PerkinElmer Inc., SARSTEDT AG & Co. KG, SP Industries Inc., Thermo Fisher Scientific Inc. are a few of the key vendors in the laboratory glassware and plasticware market market.
            Asia will register the highest growth rate of 30% among the other regions. Therefore, the laboratory glassware and plasticware market market in Asia is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the laboratory glassware and plasticware market market growth are:
            • Substantial focus on material selection and designing
            • Availability of barcode feature in labware
            The laboratory glassware and plasticware market market vendors should focus on grabbing business opportunities from the glassware segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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