(EMAILWIRE.COM, January 11, 2019 ) The laboratory glassware and plasticware market segmented into research & academic institutes, contract research organizations, hospitals & diagnostic centers, pharmaceutical & biotechnology industries, & food & beverage industry. Research & academic institutes are expected to dominate this market in 2015.
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The laboratory glassware and plasticware market is expected to reach at USD 6.0 billion by 2020 from USD 4.99 billion in 2015 at CAGR of 3.7%. Technological advancements and cost effectiveness of plasticware will boost the growth of the laboratory glassware and plasticware market.
The glassware market is segmented into pipettes and pipette tips, storage containers, beakers, flasks, and petri dishes. The pipettes and pipette tips segment is expected to account for the largest share of the laboratory glassware market in 2015. Glass pipettes are easy to autoclave and thus are widely used in academic institutes and research laboratories.
The glassware market is segmented into pipettes and pipette tips, storage containers, beakers, flasks, and petri dishes. The pipettes and pipette tips segment is expected to account for the largest share of the laboratory glassware market in 2015. Glass pipettes are easy to autoclave and thus are widely used in academic institutes and research laboratories.
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Plasticware market segmented into pipettes and pipette tips, storage containers, beakers, and flasks. Pipettes and pipette tips segment expected to account for largest share of market and is expected to witness the highest growth during the forecast period. Plastic pipettes are breakage-free and do not chip when handling hazardous chemicals and chemical substances.
Laboratory Glassware Market, By End User
1 Introduction
2 Research and Academic Institutes
3 Hospitals and Diagnostic Centers
4 Pharmaceutical and Biotechnology Industry
5 Contract Research Organizations
6 Food and Beverage Industry
Major players in laboratory glassware and plasticware market are Corning, Inc. (U.S.), Eppendorf AG (Germany), Sartorius AG (Germany), and Thermo Fisher Scientific, Inc. (U.S.).
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The increasing demand for plasticware, cost-effectiveness of plasticware, and technological advancements in plasticware are the major factors driving market growth. Large share of this segment can majorly be attributed to increasing demand for glassware & plasticware in research and academic institutes owing to their high focus on development of innovative products.
On the other hand, the brittle nature of glass (resulting in low preference for glassware) and lack of funds (resulting in fewer research activities, thus affecting both glassware and plasticware markets) are the major market restraints. Specialty glass, however, is expected to offer growth opportunities for market players during the forecast period.
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