(EMAILWIRE.COM, July 11, 2018 ) The laboratory glassware and plasticware market is expected to reach at USD 6.0 Billion by 2020 from USD 4.99 Billion in 2015, at CAGR of 3.7%. 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 plasticware markets) 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.

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In this report, the laboratory glassware and plasticware market is broadly segmented into glassware products, plasticware products, end users, and regions. The plasticware market is segmented into pipettes and pipette tips, storage containers, beakers, flasks, and other products, such as vials, carrier trays, racks, storage boxes, and Büchner funnels. Pipettes and pipette tips accounted for the largest share of the laboratory plasticware market in 2015. The large share of this segment can be attributed to the various advantages associated with using plastic pipettes. Plastic pipettes are largely preferred as they do not break or chip when they are used to handle hazardous chemicals or chemical substances.

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.

Due to the product-driven nature of the laboratory glassware and plastic ware market, players primarily focused on new product launches to remain competitive. Majority of players launched pipettes or pipetting systems in the recent years. Companies launched new and advanced products to strengthen their portfolios and cater to the needs of the market.

Major players in this market include Corning, Inc. (U.S.), Eppendorf AG (Germany), Sartorius AG (Germany), and Thermo Fisher Scientific, Inc. (U.S.).