This market research report presents a detailed segmentation of the global laboratory glassware and plasticware market by product type (glassware and plastic ware) and by geography (Americas, APAC, and EMEA). The report also includes an insightful analysis of the leading companies in the market such as Bellco Glass, Corning Glass, CRYTALGEN, DURAN, Kimble, VITLAB.
Technavio has released its new market research report, global lab glassware and plasticware market, which is expected to grow at a CAGR of 4% between 2015 and 2019. The expansion of research and testing facilities across the globe is driving the growth of this market. The Americas account for the largest market share in the global market for lab glassware and plasticware. Increase in R&D investments and diagnostic testing sectors are main factors driving market’s growth in this region.
“Of late, the market is observing increased use of lab plasticware, owing to their low cost fabrication and longer lifespan. Advanced methods of plasticware fabrication has enhancedthe quality and durability of products. Various instruments such as burettes, beakers, flasks, and measuring cylinders will see a subtle shift from glass toward plastic over the forecast period,” says Faizan Akhtar, Lead Analyst, New Coverage, Technavio Research.
Manufacturers are trying out new injection molding and dual-shot injection molding processes to enhance the quality of the products and minimise the fabrication expenses. These processes allow the mixing of polymers and improve the accuracy of the mold required for manufacturing lab glassware and plasticware. Also, the market will witness automated devices in laboratories over the next four years. Processes such as sample preparation and decontamination will be automated to save time and cost.
The key players in the global lab glassware and plasticware market include Bellco Glass, Corning, Crystalgen, DURAN, Kimble and VITLAB. The market is highly fragmented with the presence of several prominent vendors. The vendors are increasing their market share by improving their distribution network rather than marketing their products.
A more detailed analysis is available in the Technavio report, Global Lab Glassware and Plasticware Market 2015 -2019.
We can customize this reports by other regions and specific segments upon request.
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