Global Laboratory Glassware and Plasticware Market - 2022-2029

Global Laboratory Glassware and Plasticware Market - 2022-2029

Market Overview

The global laboratory glassware and plasticware market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.

Laboratory Glassware is a full set of equipment used in scientific activities, such as drug discovery and conducting numerous tests in research facilities. The laboratory glassware has the advantage of being recyclable as well as having higher heat resistance capabilities. It is widely used in the food and beverage industry, diagnostic centers and hospitals, biotechnological and pharmaceutical sectors, and other industries.

Instruments such as beakers, burettes, funnels, condensers, pipettes, and bottles are among the laboratory glassware used for scientific study. Despite its brittleness, borosilicate glass is the ideal choice for performing powerful reactions and heating chemicals in the laboratory.

Market Dynamics

The global laboratory glassware and plasticware market grows because of increased biotechnology and pharmaceutical industry research. However, the brittle nature of glass and availability of plastic alternatives restrict the market’s growth.

The global laboratory glassware and plasticware market is growing because of an increase in research in the biotechnology and pharmaceutical industries

The need for glassware is predicted to rise as the number of research projects in the biotechnology and pharmaceutical industries grows, fueling the worldwide laboratory glassware and plasticware market's growth shortly. Furthermore, rising clinical applications of glassware in hospitals, forensic laboratories, veterinary science, and agriculture are likely to drive worldwide glassware and plasticware market growth. In addition, the improving frequency of chronic diseases has prompted the development of novel medications, which has boosted the global laboratory glassware and plasticware industry. Furthermore, affluence in biology and biotechnological research, such as disease research, stem cell research, and vaccine creation, necessitates a wide range of laboratory equipment, including glassware, which propels the market forward.

Every day, the number of clinical research laboratories grows. According to a study, worldwide healthcare spending accounts for 10.4 percent of total GDP, and this statistical value is expected to grow to 10.5 percent by 2020. Developing economies such as India and China are seeing an increase in the number of laboratories. This increase in laboratories will fuel demand for laboratory glassware, allowing the industry to expand.

The global laboratory glassware and plasticware market has grown as disease detection have become easier, and medical test findings have become more accurate. Furthermore, the worldwide laboratory glassware and plasticware market is shifting toward automated laboratory processes.

Brittle nature of glass and the availability of plastic alternatives

Due to the brittle nature of glass, it has a low preference. Further research activities are expensive so are laboratory glasswares. And since the money invested in research is utilized for important activities within the research, the availability of expensive laboratory glassware could be less. Most often, a shortage of money could be seen in research operations.

However, plastic laboratory wares are cheap and offer comparatively similar properties. As a result, widespread adoption of plastic laboratory wares has been witnessed in the market as an alternative to laboratory glassware. Since the lack of funds, brittle nature of glass laboratory ware, and availability of plastic alternatives could hinder the market growth of the respective market and diminish its demand, the respective factor could be recognized as one of the primary market restraints.

COVID-19 Impact Analysis

The deployment of lockdown measures to limit the spread of the virus and restrict the movement of items and persons significantly impacted the laboratory glassware and plasticware market during the COVID-19 pandemic. Because of three primary elements, the COVID-19 pandemic had a negative impact on the global laboratory glassware and plasticware market:

The first and most significant impact of the pandemic on the market is its impact on the supply chain, which tarnishes the availability of raw materials as well as the sales of the finished product. Due to a raw material scarcity and disturbing production processes, resulting in a severe demand-supply gap. Some items in the global glass fiber supply chain are in low supply due to shipping delays and a rapidly changing demand environment.

Second, the manufacturing of laboratory glassware involves numerous manufacturing and purification processes, which have been severely hampered by lockdowns and government regulations imposed in response to the COVID-19 pandemic.

The interruptions in the major end-user verticals are the last explanation for the pandemic's high impact on the global laboratory glassware and plasticware market.

However, the growing number of research projects and increasing investments in the research field are expected to increase laboratory glassware demand.

Segment Analysis

The global laboratory glassware and plasticware market is classified based on product, distribution, end-user and region.

Due to growing medical knowledge and health awareness among the general public, the hospitals and diagnostic centers sector is expected to develop fast in the respective market

By end-user, the hospitals and diagnostic centers category are expected to develop at the fastest pace in the market. Early detection of diseases and preventative care is gaining traction worldwide in healthcare systems to reduce healthcare expenditures. Many diagnostic tests are performed in hospitals and centers as a preventative measure, which is projected to drive the laboratory glassware and plasticware market.

Geographical Analysis

Advanced and well-developed, and funded medical sector allow North America to dominate the market’s regional segment

North America is likely to be the market leader in laboratory glassware for the foreseeable future. The region's dominance is attributable to growth in diagnostic tests, increased research and development activities, increased use of laboratory consumables, and higher use of technology. Other reasons to boost the market soon include a sharp increase in healthcare expenditures and a strong demand for higher health outcomes at reduced costs, a well-developed infrastructure, and the existence of a large industry.

Competitive Landscape

The worldwide laboratory glassware and plasticware market are highly active in terms of the quantity and strength of global and local producers. Due to numerous manufacturers such as Eppendorf AG, Thermo Fisher Scientific, Inc, Sartorius AG, Corning Incorporated, Merck KGaA, Borosil Limited, Bellco Glass, Quark Glass, Hamilton Glass, Eagle Laboratory Glass Company, the market has been described as fragmented. Mergers, acquisitions, product launches, contributions, and partnerships are common market methods used by significant market stakeholders to obtain competitive advantages and recognition in their respective industries.

Eppendorf AG

Overview: Eppendorf is a prominent life science firm that develops and sells liquid, sample, and cell handling instruments, consumables, and services to laboratories globally. Pipettes and automated pipetting systems, mixers, spectrometers, dispensers, centrifuges, DNA amplification equipment, fermentors, bioreactors, CO2 incubators, ultra-low temperature freezers, shakers, and cell manipulation systems are all included in the company's product line.

Eppendorf products are widely utilized in university and commercial research laboratories and the pharmaceutical, biotechnology, chemical, and food industries. They're also aimed at clinical and environmental analysis labs, forensics labs, and industrial labs that provide process analysis, production, and quality assurance. Eppendorf was founded in 1945 in Hamburg, Germany, and employs over 4,500 people globally. The corporation has subsidiaries in 28 countries and is headquartered in U.S.

Product Portfolio:

Eppendorf µCuvette G1.0: The Eppendorf Cuvette G1.0 microvolume measuring cell is built of high-quality aluminum and quartz glass. It's ideal for determining high concentrations in tiny amounts. The Cuvette G1.0 has a light path that is 10 times shorter than ordinary cuvettes, with a 1 mm optical path length. The property enables high-reproducibility measurements of nucleic acid and protein concentrations across a considerably wider concentration range without pre-dilution. Because of the hydrophobic coating on the quartz glass, just 1.5 liters of nucleic acid or 3 liters of protein sample are required for perfect liquid column production. The Cuvette G1.0 has a very low self-absorption, which means that the entire measuring range of the photometer can be employed.

Key Development:

The Eppendorf Group stated on May 15, 2020, that it would expand its consumables production capacity at its Oldenburg in Holstein, Germany, facility by adding two new production halls. As a result, starting in 2021, Eppendorf Polymere GmbH, a wholly-owned subsidiary of Eppendorf AG, will raise its total capacity by roughly 30%.

Why Purchase the Report?

To visualize the global laboratory glassware and plasticware market segmentation based on product, distribution end-user and region, as well as understand key commercial assets and players.

Identify commercial opportunities in the global laboratory glassware and plasticware market by analyzing trends and co-development.

Excel data sheet with numerous data points of laboratory glassware and plasticware market-level with four segments.

PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.

Product mapping available as excel consisting of key products of all the major market players

The global laboratory glassware and plasticware market report would provide approximately 61 tables, 63 figures and almost 190 pages.

Target Audience 2023

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies