)--Technavio has been monitoring the global laboratory glassware and plasticware market since 2015, and the market is poised to grow by USD 843.1 million during 2020-2024, progressing at a CAGR of almost 4% during the forecast period.
The market is driven by the increasing adoption of disposable plasticware. In addition, advances in glassware production technologies are anticipated to boost the growth of the laboratory glassware and plasticware market.
Standard operating procedures (SOPs) and good laboratory practices (GLP) mandate laboratories to follow certain guidelines that include cleaning of equipment, glassware, selecting process chemicals, sterility of water, and lab washers. However, following such standard requirements is difficult, capital intensive, time-consuming, and increases the burden on laboratory personnel. To overcome these factors, laboratories are increasing the use of disposable plasticware in their workflow. The adoption of such products eliminates the need for cleaning, validation, and reprocessing. Moreover, disposable plasticware is lightweight, recyclable, cost-effective, flexible, and non-breakable. Such benefits offered by disposable plasticware have increased its adoption among end-users, which is crucial in driving the growth of the market.
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Technavio has segmented the laboratory glassware and plasticware market based on the product, end-users, and region.
Laboratory Glassware and Plasticware Product Outlook (Revenue, USD Million, 2020 - 2024)
Laboratory Glassware and Plasticware End-Users Outlook (Revenue, USD Million, 2020 - 2024)
Laboratory Glassware and Plasticware Regional Outlook (Revenue, USD Million, 2020 - 2024)
- Research institutes
- Clinical diagnostic centers
- Academic institutes
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- North America
– Global modular laboratory automation market by geography (Asia, Europe, North America, and ROW) and end-user (hospitals and diagnostic laboratories, pharmaceutical and biotechnology companies, and other end-users).About Technavio
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