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Oct 6, 2020 11:00 AM ET

Global Laboratory Glassware Market Set for Rapid Growth, to reach Value around USD 7,182.0 Million by 2025

iCrowd Newswire - Oct 6, 2020

Zion Market Research has published a new report titled “Laboratory Glassware Market by Product (Pipettes and Pipette Tips, Burettes, Storage Containers, Beakers, Flasks, Petri Dishes, and Others), and by End User (Research and Academic Institutes, Hospitals and Diagnostic Centers, Pharmaceutical and Biotechnology Industries, Contract Research Organizations, Food and Beverage Industry, and Other End Users): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025”. According to the report, global demand for laboratory glassware market was valued at approximately USD 5,607.0 million in 2018, and is expected to generate revenue of USD 7,182.0 million by end of 2025, growing at a CAGR of 3.6% between 2019 and 2025.

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Laboratory Glassware Market

Laboratory glasswares are used to perform end number of chemical tests. Laboratories require inert, heat resistant, and customizable quality equipments that is provided by glasswares. Glasswares used for measurement in analytical laboratories chemistry, and biology include flasks, beakers, test tubes, glass pipettes, graduated cylinders, petri dishes, etc. Laboratory glasswares are used to conduct vigorous reactions and to heat chemicals. Shift towards automated laboratory process is the key trends observed in the market for laboratory glasswares.

The market growth is mainly driven by technological development that has led to added advantages in using glassware and raised adoption rate among the end users. Moreover, specialty glasswares are likely to offer growth opportunities for market players in the forecast period. Besides, effluence in biotechnological research like disease research, stem cell research, and vaccine development also require various laboratory equipments including glasswares have further boosted the market growth.

The laboratory glassware market is segmented based on end user, product, and regions. Based on product the market is segmented into petri dishes, pipettes and pipette tips, storage containers, beakers, burettes, flasks, and others. The segment for pipette tips and pipettes held major share of the market owing to various advantages offered by them and also these are widely preferred to handle chemical substances and hazardous chemicals.

By end user the market is bifurcated into pharma and biotech industries, hospitals and diagnostic centers, research and academic institutes, food and beverage industry, contract research organizations, and other end users. The segment for research and academic institutes segment held major share of the market in terms of revenue in 2018.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries. North America and Europe held major share of the market in terms of revenue due to its various applications in R&D studies being major factor attributing in its growth.

Some of the players within laboratory glassware market include Technosklo Ltd., Corning, Inc., Eppendorf AG, Sartorius AG, Thermo Fisher Scientific, Inc., Gerresheimer, Crystalgen, Inc., Duran Group, Mettler Toledo International, Inc., and BOROSIL.

This report segments the global laboratory glassware market as follows:

Global Laboratory Glassware Market: Product Segment Analysis

Global Laboratory Glassware Market: End User Segment Analysis

Global Laboratory Glassware Market: Regional Segment Analysis

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Keywords:    Laboratory Glassware Market

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