(EMAILWIRE.COM, January 24, 2019 ) The laboratory glassware market are is expected to grow from USD 5.0 billion in 2015 to USD 6.0 billion by 2020, at a CAGR of 3.7% during the forecast period. Increasing demand for plasticware owing to its cost-effectiveness, technological advancements, and introduction of specialty glassware are driving the laboratory glassware and plasticware market. However, the brittle nature of glass and lack of funds (resulting in diminished research activities) are expected to hinder the growth of this market to a certain extent in the forecast period.

The glassware market is segmented into pipettes and pipette tips, storage containers, beakers, flasks, petri dishes, and other products, such as stirring rods, slides, vials, test tubes, Büchner funnels, and measuring cylinders. The pipettes and pipette tips segment accounted for the largest share of the laboratory glassware market in 2015. This largest share can be attributed to the increasing usage of glass pipettes and pipette tips in in academic institutes and research laboratories.

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North America accounted for more than 40% of the laboratory glassware and plasticware market in 2015. In this region, the application of laboratory glassware and plasticware in R&D studies is the major factor attributing to its growth. However, in the coming years, the Asia-Pacific market is expected to witness the highest growth owing to the rising outsourcing activities in research and manufacturing as a result of low costs and access to skilled labor in this region.

The pipettes and pipette tips segment is projected to grow at the highest CAGR between 2015 and 2020. The growth of this segment can be attributed to the increasing preference of plasticware pipettes over glassware to overcome the issue of breakage and growing use of glass pipettes in academic institutes and research laboratories.

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