Press release
Laboratory Glassware and Plasticware Market Insights 2024: Shaping the Future of Laboratory Supplies
Laboratory Glassware and Plasticware Market Insights
The new report published by The Business Research Company, titled Laboratory Glassware And Plasticware Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the laboratory glassware and plasticware market size has grown steadily in recent years. It will grow from $6.09 billion in 2023 to $6.35 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The laboratory glassware and plasticware market size is expected to see steady growth in the next few years. It will grow to $7.50 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%.
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What Is Driving The Growth Of The Global Laboratory Glassware And Plasticware Market?
Rising Diagnostic Laboratories Driving Growth In Laboratory Glassware And Plasticware Market
The increase in the number of diagnostic laboratories is expected to propel the growth of the laboratory glassware and plasticware market going forward. Diagnostic laboratories encompass a range of facilities that perform tests and analyses on biological samples to support disease diagnosis and treatment. The number of diagnostic laboratories is growing due to the increasing prevalence of chronic diseases, advancements in diagnostic technologies, and the rising demand for early and accurate medical testing. Laboratory glassware and plasticware provide essential tools for conducting accurate and reliable tests and analyses, such as blood tests, chemical assays, and microbiological cultures, ensuring precise measurement, mixing, and storage of samples and reagents. For instance, in February 2024, according to the National Accreditation Board for Testing and Calibration Laboratories (NABL), an India-based organization that provides accreditation to laboratories, the total number of NABL-accredited laboratories in India increased from 2,065 in 2021 to 2,150 in 2024. Therefore, the increase in the number of diagnostic laboratories is driving the growth of the laboratory glassware and plasticware market.
What Is The Key Trend In The Global Laboratory Glassware And Plasticware Market?
Advancements In Plant-Based Lab Consumables
Major companies operating in the laboratory glassware and plasticware market are developing plant-based lab consumables to address sustainability concerns and reduce the environmental impact of traditional plastic products. Plant-based lab consumables reduce environmental impact through biodegradability, promote sustainable resource use, lower carbon footprints, enhance market differentiation, ensure regulatory compliance, and offer cost savings over time. For instance, in February 2024, Green Elephant Biotech, a Germany-based company that specializes in sustainable biotechnology solutions, launched the Green Elephant 96-Well Plate, the first plant-based lab consumable made from sustainable polylactic acid (PLA) instead of fossil fuels. This plate offers the same quality and safety as traditional plastic plates but reduces the carbon footprint of laboratories by 50% over its lifecycle and is made from corn starch in a less energy-intensive process.
How Is The Global Laboratory Glassware And Plasticware Market Segmented?
The laboratory glassware and plasticware market covered in this report is segmented -
1) By Product: Burettes, Storage Containers, Beakers, Flasks, Petri Dishes, Pipettes And Pipette Tips, Other Products
2) By Distribution Channel: Online, Offline
3) By End-User: Contract Research Organizations, Food And Beverage Industry, Hospitals And Diagnostic Centers, Pharmaceutical And Biotechnology Industries, Research And Academic Institutes, Other End-Users
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How Is The Competitive Landscape Of The Global Laboratory Glassware And Plasticware Market?
Major companies operating in the laboratory glassware and plasticware market are Compagnie de Saint-Gobain S.A., Thermo Fisher Scientific Inc., Merck KGaA, Corning Incorporated, Avantor Inc., Sartorius AG, Mettler-Toledo International Inc., Nipro Corporation, Schott AG, Gerresheimer AG, Eppendorf SE, Greiner Bio-One International GmbH, Metrohm AG, Kavalierglass AS, Chemglass Life Sciences LLC, Borosil Ltd., DWK Life Sciences Ltd., Labconco Corporation, Haier Biomedical International, Bel-Art Products Inc., Tarsons Products Limited, Adams & Chittenden Scientific Glass Cooperative Corporation, Crystalgen Inc., Hirschmann Laborgeräte GmbH & Co. KG
Contents Of The Global Laboratory Glassware And Plasticware Market
1. Executive Summary
2. Laboratory Glassware And Plasticware Market Report Structure
3. Laboratory Glassware And Plasticware Market Trends And Strategies
4. Laboratory Glassware And Plasticware Market - Macro Economic Scenario
5. Laboratory Glassware And Plasticware Market Size And Growth
…..
27. Laboratory Glassware And Plasticware Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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