Laboratory Glassware and Plasticware Market | New Revenue Pockets

Laboratory glassware and plasticware refers to the equipment used for scientific experiments in research laboratories. Traditionally, most laboratory equipment were made of glass; however, over the years, equipment made of plastics have gained in popularity among end users. Additionally, automation has also reduced the role of glassware in most labs. Taking these market changes into consideration, many glass manufacturers are coming up with innovative products to rival the growing popularity of plasticware.

MarketsandMarkets expects the global laboratory glassware and plasticware market 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. Increasing demand for plasticware, cost-effectiveness of plasticware, and technological advancements in plasticware are key factor driving the market. On the other hand, the brittle nature of glass (resulting in low preference for glassware) and lack of funds (resulting in fewer research activities restraining the growth of laboratory glassware and plasticware market.

In laboratory plasticware market, pipettes and pipette tips segment accounted for the largest share of the laboratory plasticware market in 2015. The large share of this segment is attributed to the increasing preference of plasticware pipettes over glassware to overcome the issue of breakage. In laboratory glassware market, pipettes and pipette tips segment accounted for the highest share of the market, by product, in 2015, due to the growing use of glass pipettes among academic institutes and research laboratories.

The research and academic institutes area major end user for 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 specialty glass, which is contributing to the growth of this market.

In terms of geographical coverage, the laboratory glassware and plasticware market has been segmented into four regions—North America, Asia Pacific (APAC), Europe, and the RoW (Rest of the World). The Asia Pacific is projected to record the highest growth rate during the forecast period. China, Japan, and India are the major markets for laboratory glassware and plasticware in the Asia Pacific. Growth in the APAC laboratory glassware and plasticware market is mainly driven by increased R&D outsourcing, evolving mindset towards wellness, and rising healthcare expenditure in this region.

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