Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Laboratory Glassware & Plasticware Market
The laboratory requires inert, heat resistant, and customizable quality equipment, which is provided by glassware, whereas some laboratories prefer plasticware for price and durability. The glassware and plasticware are used for performing various chemical tests in laboratory. Glassware used for measurement in biology, chemistry, and analytical laboratories includes graduated cylinders, glass pipettes, beakers, flasks, test tubes, petri dishes, etc. Laboratory glassware is used for heating chemicals or conducting vigorous reactions. Plasticware includes plastic beaker, plastic bottle, plastic funnel and vials, plastic pipettes, etc. The main advantage of plasticware is they are less expensive and are not easily breakable.
The global laboratory glassware and plasticware market size was valued at US$ 5,473.3 million in 2017 and is expected to exhibit a CAGR of 3.7% over the forecast period (2018 – 2026).
Figure 1. Global Laboratory Glassware and Plasticware Market Value (US$ Mn), by Region, 2017
Source: Coherent Market Insights Analysis (2019)
Increasing number of research in biotechnology and pharmaceutical industries propel the global laboratory glassware and plasticware market growth
Increasing number of research in biotechnology and pharmaceutical industries is expected to increase the demand for glassware and plasticware, which in turn is expected to fuel the global laboratory glassware and plasticware market growth in the near future. Moreover, increasing applications of glassware and plasticware for clinical use in hospitals, forensic laboratories, veterinary science, and agriculture is expected to propel the global glassware and plasticware market growth across the globe. Furthermore, growing prevalence of chronic diseases has led to development of new drugs, which in turn stimulates the global laboratory glassware and plasticware market growth. Moreover, effluence in biology and biotechnological research including disease research, stem cell research and vaccine development requires the various laboratory equipment including glassware and plasticware leads to drive the market growth.
Easy diagnosis of diseases and effective results of medical tests have fueled growth of global laboratory glassware and plasticware market. Moreover, shifting towards the automated laboratory process is a key trend in the global laboratory glassware and plasticware market.
Moreover, in November 2017, InnovaPrep announced the launch of the Concentrating Pipette (CP) Select. The CP Select allows users to accomplish pathogen concentration and inhibitor removal from liquid samples (up to 5 Liters) faster and easier than ever before. Recovered pathogens are delivered in seconds with a press of a button ready for analysis using our method of choice.
On the other hand, the brittle nature of glass results the low preference of glass and the lack of funds results in decrease in the research activities. This collectively hinders the laboratory glassware and plasticware market.
Figure 2. Global Laboratory Glassware and Plasticware Market Share (%), by Product Type, 2018 and 2026
Source: Coherent Market Insights Analysis (2019)
Geographical expansion of laboratory glassware and plasticware towards North America boost the market growth
North America accounted for over 40% of the global laboratory glassware and plasticware market in 2015. In this region, R&D studies make use of laboratory glassware and plasticware on a large scale, which is a major factor responsible for the large share of North America in this market. Several glassware and plasticware manufacturers are expanding their presence across the globe. The acquisitions of two companies helps to strengthen the company’s market presence in addition with the company’s businesses. For instance, in 2016, Duran group, a global glass manufacturer for laboratory and industrial applications, acquired Kimble Chase Life science and Research Products, LLC. This acquisition helps Duran group to grow as a worldwide leader in the global laboratory and scientific glassware market.
Moreover, advancements in the pipette technologies drives growth of global glassware and plasticware market. For instance, in August 2018, LaMnet International, Inc. developed electronic pipettes. Fully motorized pistons reduce pipetting workload and can be pre-programmed using a perfectly positioned display and keypad. LaMnet’s Excel electronic pipettes fit comfortably in either the right or left hand and are designed in such a way that even a slight movement of the index finger activates pipetting.
Major players operating in the global laboratory glassware and plasticware market include Corning, Inc., Duran Group, Vitlab, Thermo Fischer Scientific, Mettler Toledo International, Inc., Gerresheimer AG, Bellco Glass, Inc., Crystalgen, Inc., Sartorius AG, Eppendorf AG, and Technosklo Ltd.