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Transformative Trends Impacting the Laboratory Glassware And Plasticware Market Landscape: Advancements In Plant-Based Lab Consumables
Laboratory Glassware And Plasticware
How Large Will the Laboratory Glassware And Plasticware Market Size By 2025?
In recent times, the laboratory glassware and plasticware market has displayed consistent growth. Its size is projected to rise from $6.35 billion in 2024 to $6.64 billion in 2025, marking a compound annual growth rate (CAGR) of 4.5%. This expansion during the historical period can be linked to several factors such as an escalating demand for plasticware, an uptick in the occurrence of chronic diseases, proliferation of research facilities, increased research activities and amplified investments within the healthcare sector.
How Big Is the Laboratory Glassware And Plasticware Market Size Expected to Grow by 2029?
Steady expansion is anticipated in the laboratory glassware and plasticware market in the coming years, with an expected market worth of $7.81 billion by 2029. This would mark a compound annual growth rate (CAGR) of 4.2%. This surge during the projected period can be linked to the rise in funds for research and development across different sectors, advancement in healthcare facilities, development of biopharmaceutical industries, increasing use of automated lab systems, and high demand for individualized medicine. Key trends projected for the period encompass progress in eco-friendly and recyclable materials, assimilation of intelligent technologies, innovation in custom solutions, progression in automated lab systems, and enhancement in online sales channels.
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Which Key Market Drivers Powering Laboratory Glassware And Plasticware Market Expansion and Growth?
The growth of the laboratory glassware and plasticware market is anticipated to be fueled by a rise in the number of diagnostic laboratories. These laboratories offer a variety of facilities that conduct tests and analyses on biological specimens to assist in disease diagnosis and treatment. The growth in diagnostic labs can be attributed to the escalating prevalence of chronic ailments, advancements in diagnostic practices, and growing need for prompt and precise medical analysis. Laboratory glassware and plasticware are imperative tools for executing accurate and dependable tests and investigations, such as blood work, chemical tests, and microbial cultures. They ensure exact measurements, blending, and preservation of samples and reagents. For example, the National Accreditation Board for Testing and Calibration Laboratories (NABL), an organization in India that gives accreditation to labs, reported that the total number of NABL-certified labs in India rose from 2,065 in 2021 to 2,150 in 2024 in February 2024. Thus, the rise in diagnostic labs is propelling the expansion of the laboratory glassware and plasticware market.
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Which Fast-Growing Trends Are Poised to Disrupt the Laboratory Glassware And Plasticware Market?
Leading businesses in the laboratory glassware and plasticware market are innovating towards the creation of lab consumables made from plants, responding to the demands for eco-friendliness and minimizing the damaging effects of conventional plastic items. These plant-based lab consumables are environmentally friendly due to their biodegradability, they stimulate the utilization of sustainable resources, reduce carbon emissions, foster market uniqueness, guarantee regulatory adherence, and present long-term financial advantages. An example is the February 2024 initiation of the Green Elephant 96-Well Plate by Green Elephant Biotech, a German firm with a focus on eco-friendly biotechnology solutions. Being the first plant-based lab consumable and fashioned from sustainable polylactic acid (PLA) instead of fossil fuels, this plate matches the standard and safety of regular plastic plates. Importantly, it takes up to 50% off laboratories' carbon footprint throughout its usable period, owing to its production from cornstarch via a less-energy demanding process.
What Are the Emerging Segments 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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Laboratory Glassware And Plasticware Industry?
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.
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