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 has the potential to grow by USD 853.00 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.53%.

This laboratory glassware and plasticware market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (glassware and plasticware), end-user (research institutes, clinical diagnostic centers, and academic institutes), and geography (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 in 2021?

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Laboratory Glassware and Plasticware Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing adoption of disposable plasticware is 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 market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the laboratory glassware and plasticware industry get your FREE report sample now.

  • The increasing adoption of disposable plasticware will be a significant factor driving the laboratory glassware and plasticware market growth.
  • Laboratory practitioners need to adhere to the standard operating procedure (SOP) and good laboratory practice (GLP) that are difficult, capital intensive, and time-consuming.
  • The increasing demand for bioprocessing, drug development, and diagnostic testing and research has also increased the workload on laboratory personnel.
  • The demand for disposable plasticware such as polymeric petri dishes, vials, tubes, beakers, and flasks has increased to meet the safety standards.
  • Disposable plasticware is lightweight, recyclable, cost-effective, flexible, and non-breakable.
  • The rising demand for disposable plasticware has encouraged market vendors to develop products that can withstand high-temperature requirements in laboratories, such as cryopreservation and autoclaving.
  • The high competition in the laboratory glassware and plasticware market has driven market vendors to adopt advanced manufacturing and monitoring technologies to develop quality products.
  • The advanced furnaces used by vendors such as Corning and Gerresheimer for glassware production use sustainable technologies and consume less energy.
  • The use of advanced monitoring and inspection technologies by vendors will allow them to address any quality issues or defects at the production stage.
  • The automated recording, analyzing, and processing features of end-to-end automation equipment used by vendors will enable them to enhance performance and increase profitability.
  • The use of advanced glassware technologies, which is one of the critical laboratory glassware and plasticware market trends, will positively impact 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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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.

 

The laboratory glassware and plasticware market is fragmented and the vendors are deploying growth strategies such as product customization as per the specific requirements of end-users to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the laboratory glassware and plasticware market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

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

Laboratory-Glassware-And-Plasticware-Market-Market-Share-by-Region-2020-2025

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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 in Asia. Market growth in Asia will be faster than the growth of the market in other regions.

The growing demand for disease diagnosis and the rising number of accredited laboratories in Asian countries will facilitate the laboratory glassware and plasticware market growth in Asia over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Laboratory-Glassware-And-Plasticware-Market-Market-Share-by-Product-2020-2025

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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. 

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

 

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What are the Key Factors 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, 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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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 4%

Market growth 2021-2025

$ 853.00 million

Market structure

Fragmented

YoY growth (%)

3.33

Regional analysis

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

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 future consumer dynamics, market condition analysis for 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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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
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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
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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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The laboratory glassware and plasticware market growth will increase by $853.00 million during 2020-2025.
The laboratory glassware and plasticware market is expected to grow at a CAGR of 3.53% during 2020-2025.
Technavio has segmented the laboratory glassware and plasticware market by product (Glassware and Plasticware) ,end user (Research institutes, Clinical diagnostic centers, and Academic institutes) , and geographic (North America, Europe, Asia, and ROW).
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.
Asia will register the highest growth rate of 30.23% among the other regions. Therefore, the laboratory glassware and plasticware 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 growth are:
  • Substantial focus on material selection and designing
  • Availability of barcode feature in labware
The laboratory glassware and plasticware market vendors should focus on grabbing business opportunities from the glassware segment as it accounted for the largest market share in the base year.
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