Global laboratory glassware and plastic ware market: Technological development has led to added advantages of using plasticware over glassware which further helping in increasing adoption rate among end users.

The laboratory glassware and plastic ware market is expected to reach at USD 7.22 Billion by 2027 from USD 6.0 Billion in 2020, at CAGR of 2.6 %. The growth in this market will be majorly driven by the increasing demand for plasticware as they are flexible, easy to handle and inexpensive.

Technological development has led to added advantages of using plasticware over glassware which further helping in increasing adoption rate among end users. 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 plasticwaremarkets) are the major factors restraining the growth of this market. Specialty glass, however, is expected to offer growth opportunities for market players during the forecast period.

The laboratory glassware are precise and accurate and hence, provides the unique solution to various end-users. The laboratory glassware are the products such as pipets, tubes, watch glass used in laboratories for chemical testing and research, by various end-user industries such as chemical and pharmaceutical. The laboratory glassware products are made up of materials that can remain stable at the different range of temperature. The laboratory glassware products support students and staff to develop practical skills at all the stages of education. The rising need of instruments for purification and separation of molecules and growing genomics-based research are some of the factors driving laboratory glassware market.

The growth of laboratory glassware market is coupled with the growth of petro chemistry, polymer chemistry and other industries like a pharmaceutical. Many manufacturers of laboratory glassware are heavily dependent upon exports for commercial success. The major export market for laboratory glassware is Asia and New Zealand for medical equipment and Europe and the United States for scientific equipment. The presence of alternatives to laboratory glassware such as laboratory plastic ware is which are more economical then laboratory glassware is expected to hamper the growth of laboratory glassware market.

Few of the key players identified across the globe in the laboratory glassware and plasticware marker are SOMATCO, Paul Marienfeld GmbH & Co. KG, Rose Scientific Ltd., Corning Incorporated, SciLabware Limited, Acumen Labware, M. V. Scientific, BOECO Germany, and among others.
The North American region represents the largest laboratory glassware and plasticware market, owing to a mature consumer base. The Western Europe and Eastern Europe markets are highly saturated and are expected to remain rather stagnant. The APEJ and the MEA regions, however, provide immense opportunities for growth of the laboratory glassware and plasticware market.

The Asia Pacific region is anticipated to become the largest market for laboratory glassware and plasticware. Emerging economies in Asia, such as China and India have witnessed an increased spending on research and development and in the healthcare sector. As a result, demand for laboratory glassware and plasticware in India and China, along with other ASEAN countries is anticipated to witness exponential growth, during the forecast period. The laboratory glassware and plasticware market in Latin America is also expected to witness steady growth with increased spending on the healthcare sector and emphasis on research.