Upgrades And Technological Innovations To Drive Growth In The Laboratory Glassware And Plasticware Market, According To New Report By Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Laboratory Glassware and Plasticware markets. Global market for Laboratory Glassware and Plasticware is projected to reach US$6.16 billion by 2018, driven by growing number of hospitals, clinics and medical centers. The increasing need among industrial sectors to upgrade and modernize is expected to further boost demand for Laboratory Glassware and Plasticware in the coming years.

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Follow us on LinkedIn – Laboratory equipment encompasses both small and large laboratory equipment and apparatus, which find use in a broad spectrum of institutions ranging from state-of-the-art research institutions to simple school laboratories. Over the past few years, the laboratory equipment market evolved considerably as a result of increased spending on research and development by institutions across the globe. Given the growth in laboratory equipment market, the laboratory glassware and plasticware market has also witnessed substantial growth in recent times. Conventionally, glass has been the principal material for majority of laboratory ware owing to its extensive thermal and chemical resistance. Glass maintains its dimensional stability even at elevated temperatures and offers high transparency. These properties have made glass a predominant choice for fabrication of most of the laboratory ware such as pipettes, burettes, test tubes, beakers, bottles, flasks, funnels, measuring cylinders, and a range of other similar equipment used in laboratories. However, in recent years plastic is gradually making way into the laboratory settings due to several advantages. Primary among them is the safety from breakage while handling hazardous chemicals and radioactive substances. The unbreakable nature of plasticware prevents damages and injuries. With the increasing use of hazardous materials in laboratories, leak proof plastic containers are widely considered to be the best storage products. Laboratory plasticware is also very cheap and can be easily shaped into different forms.

The global laboratory glassware and plasticware market weakened during the period 2008-2009, as laboratory spending on the whole witnessed a dramatic nosedive. Reduced state funding, fewer federal grants and the subsequent rise in consolidation due to corporate takeovers and mergers led to a decline in laboratory spending. Nonetheless, the market staged a comeback in 2010, driven by improvement in spending power among laboratories as well as Government support.

As stated by the new market research report on Laboratory Glassware and Plasticware, the US has been the principal revenue contributor to the worldwide laboratory glassware and plasticware market. Europe too accounts for a significant portion in the revenue share owing to well-established end-use markets including pharmaceuticals and chemicals, food & beverages, environmental, and petrochemical sectors. In particular, chemical industry, which ranks among the largest end-use markets for laboratory glassware and plasticware, has a significant background in the region. Laboratory Glassware represents the largest segment in the global Laboratory Glassware and Plasticware market, while Laboratory Plasticware constitutes the fastest growing product category. Despite automation of liquid handling, pipettes continue to be primary labware (plastic and glass) across the globe, finding use in several laboratory applications for liquid handling. Although a daily-use laboratory equipment, pipettes have always met and will continue to meet the demands of scientific market with path breaking innovations. The market for pipettes is projected to grow at a significant rate in the coming years, driven by innovative designs and an increase in PCR diagnostic tests. The contribution of ultra-micro volumes in laboratories also augurs well for this market.

Major players in the global marketplace include manufacturing companies such as Bellco Glass Inc., Eppendorf AG, Gerresheimer AG, Kimble Chase Life Science, Duran Group GmbH, Mettler-Toledo International Inc., Rainin Instrument LLC, Sartorius Biohit Liquid Handling Oy (Finland), Thermo Fisher Scientific Inc., Nalge Nunc International Corporation, and Wheaton Science Products, among others.

The research report titled “Laboratory Glassware and Plasticware: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections by value (in US$ million) for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific, Middle East, and Latin America.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Laboratory_Glassware_and_Plasticware_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.