What Is The Definition Of The Global Laboratory Glassware And Plasticware Market?
Laboratory glassware and plasticware refer to a wide range of equipment and tools used in scientific laboratories for conducting experiments, measurements, and chemical reactions. Glassware includes items made from glass, known for their chemical resistance and heat tolerance. Plasticware consists of equipment made from various plastics, such as polypropylene or polyethylene, which are often favored for their durability, cost-effectiveness, and versatility in certain applications.
Laboratory Glassware And Plasticware Global Market Report 2024 provides data on the global laboratory glassware and plasticware market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The laboratory glassware and plasticware market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Laboratory Glassware And Plasticware Market Size Expected To Change, And What Are The Growth Rate Projections?
The laboratory glassware and plasticware market has grown steadily, increasing from $6.09 billion in 2023 to $6.35 billion in 2024 at a CAGR of 4.2%. Growth in the past was driven by rising demand for plasticware, chronic disease prevalence, growing research facilities, and healthcare investments. The market is forecast to reach $7.50 billion by 2028 at a CAGR of 4.3%, supported by R&D funding, expanding biopharmaceuticals, automated systems adoption, and personalized medicine demand. Emerging trends include recyclable materials, smart technologies, and advancements in online sales channels.
Which Drivers Are Accelerating Growth In The Laboratory Glassware And Plasticware Market?
The increasing number of clinical and diagnostic laboratories is expected to drive the growth of the laboratory Bunsen burner market. As populations grow and age, there is an increasing need for diagnostic testing, which drives the number of diagnostic labs. Laboratory Bunsen burners play a key role in sterilizing equipment and performing tests that require a controlled flame. In February 2023, the World Health Organization reported an increase in the number of clinical trials in South East Asia. This growth in diagnostic laboratories is anticipated to fuel the demand for Bunsen burners.
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What Are The Core Segments Of The Global 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
Which Emerging Trends Are Reshaping The Laboratory Glassware And Plasticware Market Size?
In response to sustainability concerns, key players in the laboratory glassware and plasticware market are creating plant-based lab consumables to reduce the environmental impact of traditional plastic products. These sustainable consumables are biodegradable, reduce carbon footprints, and support regulatory compliance, while also offering cost savings. For instance, Green Elephant Biotech, based in Germany, introduced the Green Elephant 96-Well Plate in February 2024. Made from polylactic acid (PLA) sourced from corn starch, this plant-based alternative offers the same quality and safety as traditional plastic plates but reduces carbon emissions by 50% over its lifecycle.
What Is The Largest Region In The Laboratory Glassware And Plasticware Market?
North America was the largest region in the laboratory glassware and plasticware market in 2023. 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.
