Home > Chemicals & Materials > Polymers > Industrial Polymers > Laboratory Plasticware Market

Laboratory Plasticware Market Trends

  • Report ID: GMI11729
  • Published Date: Oct 2024
  • Report Format: PDF

Laboratory Plasticware Market Trends

The growth of the pharmaceutical and biotechnology industries is a major driver for the laboratory plasticware industry, fueled by the increasing need for advanced research, drug development, and diagnostic testing. As these industries expand, particularly with the rise of biologics, personalized medicine, and vaccines, the demand for laboratory plasticware like pipettes, vials, and petri dishes has surged. Biopharmaceutical research requires precise and sterile instruments, making disposable plasticware a preferred choice due to its cost-effectiveness, ease of use, and contamination prevention.
 

Additionally, the global rise in chronic diseases and pandemic preparedness has accelerated investment in pharmaceutical R&D, further boosting the consumption of plasticware. The need for high-throughput screening, cell culture, and molecular biology applications within these sectors continues to grow, driving market expansion. As pharmaceutical and biotech companies expand operations and set up more research labs, the market is directly benefiting from this growth trajectory.
 

The expansion of diagnostic labs and hospitals is significantly contributing to the growth of the laboratory plasticware market. With rising healthcare demands, particularly in the wake of global health challenges such as pandemics and the increasing incidence of chronic diseases, diagnostic labs are being established or upgraded across the globe. These labs require a wide range of plasticware products such as test tubes, specimen containers, and pipettes for sample collection, processing, and analysis. In hospitals, the growing emphasis on rapid and accurate diagnostics has increased the reliance on disposable plasticware to ensure sterility and prevent cross-contamination.
 

Additionally, as healthcare facilities invest in advanced diagnostic tools like molecular testing and point-of-care technologies, the need for plastic consumables in daily operations is expanding. This trend is particularly strong in emerging markets, where healthcare infrastructure is improving. The ongoing development of healthcare systems globally is thus driving the laboratory plasticware industry, as diagnostic labs and hospitals depend on these products to meet their operational needs efficiently.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for laboratory plasticware was valued at approximately USD 2.2 billion in 2023 and is expected to reach around USD 3.2 billion by 2032, growing at a CAGR of over 4.6% from 2024 to 2032, driven by increasing demand in research and diagnostics.

Polystyrene held a 39% market share in 2023 and is projected to grow significantly by 2032, owing to its versatility, cost-effectiveness, and excellent optical clarity, making it ideal for various laboratory applications.

North America generated USD 800 million in revenue in 2023 and is expected to maintain its dominance due to its well-established pharmaceutical and biotechnology sectors, leading research institutions, and advanced healthcare infrastructure.

Major players in the market include Corning Inc., Duran Group, Eppendorf AG, Eurofins, Gerresheimer, ISOLAB, Peninsula Plastics, Technosklo Ltd., Thermo Fisher Scientific, and VITLAB GmbH.

Laboratory Plasticware Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
 Download Free Sample