Press release
Laboratory Glassware And Plasticware Market Set to Reach $7.81 Billion by 2029 with 4.2% Yearly Growth
Laboratory Glassware And Plasticware Market Size
The market size for laboratory glassware and plasticware has seen a consistent expansion in recent times. The market, which was valued at $6.35 billion in 2024, is projected to rise to $6.64 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.5%. The growth during the historical period is linked to a surge in plasticware demand, a higher prevalence of chronic diseases, an increase in research infrastructure, an escalation in research activities, and additional investments in the healthcare sector.
It is anticipated that the laboratory glassware and plasticware market will experience consistent growth in the coming years, expected to rise to $7.81 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. The predicted growth during the forecast period is attributed to an increase in R&D investing across various sectors, an expanding healthcare infrastructure, the growth of the biopharmaceutical industry, enhanced adoption of automated lab systems, and a growing demand for tailored medical treatments. Key trends during this forecast period include the development of sustainable and recyclable materials, the integration of intelligent technology, personalized solution innovation, progress in automated lab systems, and the growth of online sales channels.
What Key Elements Are Boosting Growth in the Laboratory Glassware And Plasticware Market?
The growing count of diagnostic laboratories is set to spur the development of the laboratory glassware and plasticware market. Diagnostic laboratories encapsulate various facilities that carry out tests and analysis on biological specimens for aiding in disease diagnosis and treatment. The expansion in the number of these laboratories is spurred by the rising incidences of chronic diseases, advancements in diagnostic technologies, and an escalating demand for early and precise medical testing. Laboratory glassware and plasticware are crucial instruments for conducting precise and trustworthy tests and analyses like blood tests, chemical assays, and microbiological cultures, ensuring accurate measurement, blending, and storage of samples and reagents. For example, in February 2024, as per the National Accreditation Board for Testing and Calibration Laboratories (NABL), an organization based in India that accredits laboratories, the total quantity of NABL-accredited laboratories in India saw an increase from 2,065 in 2021 to 2,150 in 2024. Hence, the growth in the number of diagnostic laboratories is fueling the advancements of the laboratory glassware and plasticware market.
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Who Are the Dominant Companies Influencing Laboratory Glassware And Plasticware Market Trends?
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
How Is the Laboratory Glassware And Plasticware Market Evolving?
Leading firms in the laboratory glassware and plasticware market are turning to plant-based lab consumables in an effort to mitigate sustainability issues and limit the environmental harm caused by conventional plastic goods. Such plant-derived lab consumables are eco-friendly due to their biodegradability, endorse the usage of sustainable resources, diminish carbon footprints, foster market uniqueness, guarantee regulatory compliance, and yield cost reduction in the long run. For example, Green Elephant Biotech, a German firm known for green biotechnology solutions, introduced the Green Elephant 96-Well Plate in February 2024. This is the inaugural plant-based lab consumable created from sustainable polylactic acid (PLA) as opposed to fossil fuels. Despite offering the same quality and safety as standard plastic plates, this plate shrinks the carbon emissions of laboratories by half over its lifespan, and is produced from corn starch utilizing a process that requires less energy.
What Are the Different Segmentations in the Laboratory Glassware And Plasticware Market?
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
Subsegments:
1) By Burettes: Glass Burettes Or Plastic Burettes Or Digital Burettes Or Automatic Burettes
2) By Storage Containers: Glass Storage Bottles Or Plastic Storage Containers Or Reagent Bottles Or Storage Flasks Or Desiccators
3) By Beakers: Glass Beakers Or Plastic Beakers Or Low-form Beakers Or Tall-Form Beakers Or Graduated Beakers
4) By Flasks: Glass Flasks Or Plastic Flasks Or Erlenmeyer Flasks Or Volumetric Flasks Or Florence Flasks Or Boiling Flasks
5) By Petri Dishes: Glass Petri Dishes Or Plastic Petri Dishes Or Sterile Petri Dishes
6) By Pipettes And Pipette Tips: Glass Pipettes Or Plastic Pipettes Or Graduated Pipettes Or Volumetric Pipettes Or Micropipettes Or Pasteur Pipettes Or Pipette Tips (Plastic, Sterile, Non-Sterile)
7) By Other Products: Test Tubes Or Funnels Or Graduated Cylinders Or Watch Glasses Or Condensers Or Lab Trays Or Stirring Rods
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Which Region Is at the Forefront of the Laboratory Glassware And Plasticware Market?
North America was the largest region in the laboratory glassware and plasticware market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laboratory glassware and plasticware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Laboratory Glassware And Plasticware Global Market Report?
- Market Size Analysis: Analyze the Laboratory Glassware And Plasticware Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Laboratory Glassware And Plasticware Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Laboratory Glassware And Plasticware Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Laboratory Glassware And Plasticware Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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