Press release
Global Laboratory Glassware And Plasticware Market to Reach $7.81 Billion by 2029, Growing at 4.2% CAGR
Laboratory Glassware And Plasticware Market Size
The rising number of diagnostic laboratories is expected to drive the laboratory glassware and plasticware market. Diagnostic labs are essential for conducting medical tests, and their growth is fueled by increased demand for early diagnosis and chronic disease management. Glassware and plasticware are key for accurate testing and sample storage. For instance, in February 2024, the number of NABL-accredited laboratories in India grew from 2,065 in 2021 to 2,150 in 2024, highlighting the expansion of diagnostic laboratories and driving the growth of glassware and plasticware.
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What growth opportunities are expected to drive the laboratory glassware and plasticware market's CAGR through 2034?
The laboratory glassware and plasticware market will expand from $6.35 billion in 2024 to $6.64 billion in 2025 at a CAGR of 4.5%, driven by increased plasticware demand, research activities, and healthcare investments.
The laboratory glassware and plasticware market is projected to hit $7.81 billion by 2029 at a CAGR of 4.2%, supported by growing R&D investments, healthcare infrastructure expansion, and increased adoption of automated lab systems. Trends include eco-friendly materials, smart technologies, and innovation in online sales channels.
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What trends are poised to drive the future success of the laboratory glassware and plasticware market?
Companies in the laboratory glassware and plasticware market are focusing on developing plant-based lab consumables to address sustainability concerns and reduce the environmental impact of traditional plastic products. Plant-based lab consumables are biodegradable, promote sustainable resource use, and help lower carbon footprints, providing both regulatory compliance and long-term cost savings. For instance, in February 2024, Green Elephant Biotech, a Germany-based company, launched the Green Elephant 96-Well Plate, made from sustainable polylactic acid (PLA) instead of fossil fuels. The product offers the same quality as conventional plastic plates but reduces the carbon footprint of laboratories by 50% over its lifecycle, and is made from corn starch through a less energy-intensive process.
Which growth-oriented segments of the laboratory glassware and plasticware market are leading the industry's development?
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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What regions are leading the charge in 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 companies are at the forefront of innovation in the 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
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What Is Covered In The Laboratory Glassware And Plasticware Global Market Report?
•Market Size Forecast: Examine the laboratory glassware and plasticware market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the laboratory glassware and plasticware market for a structured understanding.
•Key Players Overview: Analyze major players in the laboratory glassware and plasticware market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the laboratory glassware and plasticware market.
•Segment Contributions: Evaluate how different segments drive overall growth in the laboratory glassware and plasticware market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the laboratory glassware and plasticware market.
•Industry Challenges: Identify potential risks and obstacles affecting the laboratory glassware and plasticware market.
•Competitive Landscape: Review strategic developments in the laboratory glassware and plasticware market, including expansions, agreements, and new product launches.
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