The laboratory glassware and plasticware market size has demonstrated steady growth in recent years, increasing from $6.09 billion in 2023 to $6.35 billion in 2024, representing a compound annual growth rate (CAGR) of 4.2%. This growth during the historic period can be attributed to heightened demand for plasticware, a rise in the prevalence of chronic diseases, expansion of research facilities, increased research activities, and growing investments in the healthcare sector. Looking ahead, the laboratory glassware and plasticware market is projected to continue its steady growth, reaching $7.50 billion in 2028 at a CAGR of 4.3%. Factors contributing to this forecasted growth include increasing funding in research and development across various industries, the expansion of healthcare infrastructure, growth in biopharmaceutical industries, rising adoption of automated lab systems, and a growing demand for personalized medicine. Key trends influencing this period include advancements in eco-friendly and recyclable materials, the integration of smart technologies, innovations in personalized solutions, enhancements in automated lab systems, and the evolution of online sales channels.
Global Laboratory Glassware And Plasticware Market Key Driver
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. The laboratory glassware and plasticware market was valued at approximately $8.1 billion in 2023 and is projected to reach around $8.9 billion in 2024, further increasing to an estimated $11.2 billion by 2028. Therefore, the increase in the number of diagnostic laboratories is driving the growth of the laboratory glassware and plasticware market.
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Global Laboratory Glassware And Plasticware Market Segments
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
By Geography:The regions covered in the laboratory glassware and plasticware market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Laboratory Glassware And Plasticware Industry Players
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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Laboratory Glassware And Plasticware Market Overview
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 2023 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.
