“Laboratory Glassware and Plasticware Market by Product (Glassware (Pipette, Flasks, Containers, Petri Dishes, Slides), Plasticware (Pipette, Laboratory Beakers, Racks, Storage Boxes)), End User (Diagnostic Center, Pharmaceuticals) – Forecast to 2020”
MarketsandMarkets: The laboratory glassware and plasticware market is projected to reach USD 6.0 billion by 2020, at a CAGR of 3.7% from 2018.
The market for laboratory glassware and plasticware is expected to grow from USD 5.0 billion in 2015 to USD 6.0 billion by 2020, at a CAGR of 3.7% during the forecast period. The growth in this market will be majorly driven by the increasing demand for plasticware as they are flexible, easy to handle and inexpensive.
Browse more than 60 market data tables/figures spread through 122 pages and in-depth TOC on “Laboratory glassware and plasticware Market – Global Forecast to 2020.”
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The pipettes and pipette tips segment is expected to account for the largest share of the global laboratory glassware and plasticware market during 2015.
On the basis of product, the laboratory plasticware market is segmented into s pipettes and pipette tips, storage containers, beakers, flasks, and others (such as vials, carrier trays, racks, storage boxes, and Büchner funnels). The pipettes and pipette tips segment accounted for the largest share of the market in 2015. The increasing preference of plasticware pipettes over glassware to overcome the issue of breakage is one of the major factors driving the demand for laboratory shakers. The laboratory glassware market is divided into pipettes and pipette tips, storage containers, beakers, flasks, petri dishes, and others (such as stirring rods, slides, vials, test tubes, Büchner funnels, and measuring cylinders). The pipettes and pipette tips segment accounted for the largest share of the laboratory glassware market in 2015. The large share of this segment is attributed to the growing use of glass pipettes in academic institutes and research laboratories.
Research laboratories and institutes are projected to account for the largest share of the market, by end user.
Based on end user, the laboratory glassware and plasticware market is segmented into research and academic institutes, contract research organizations, hospitals and diagnostic centers, pharmaceutical and biotechnology industry, food and beverage industry, and other end users (such as environmental and chemicals/petrochemicals industries). The research and academic institutes segment dominated the laboratory glassware and plasticware market in 2015. The large share of this segment can be attributed to technological advancements that have led to the development of speciality glass, which is contributing to the growth of this market.
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The Asia Pacific is projected to account for the highest growth in the laboratory glassware and plasticware market during the forecast period.
Asia Pacific is estimated to grow at a highest CAGR during the forecast period. The major drivers for the growth of the APAC market are increasing demand for easy to use plasticware, development of new plasticware with property of glassware, plasticware providing cheaper alternative to glassware
Thermo Fisher Scientific (US), Mettler Toledo International (Switzerland), Corning (US), Eppendorf (Hamburg), Sartorius (Germany), Bellco Glass, (US), Gerresheimer (Germany), Crystalgen (US), and the DURAN Group (Germany) are the major players in the laboratory glassware and plasticware market
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The scope of the report covers detailed information regarding the major factors—such as drivers, restraints, and challenges—that influence the growth of the laboratory glassware and plasticware market. A detailed analysis of the key industry players has been conducted to gain insights into their business overviews, key strategies adopted, and recent developments reported in the laboratory glassware and plasticware market.