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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Laboratory Glassware Market Outlook
The global laboratory glassware market stood at a value of around USD 1.09 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 2.4% to reach USD 1.36 billion by 2032.
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Test Tubes Segment Based on Product Holds a Significant Share in the Global Laboratory Glassware Industry
Test tubes are most commonly used in laboratories for various chemical reactions and tests owing to the fact that test tubes provide high clarity and visibility of contents, along with accurate recording of volumes. In addition to this, glassware test tubes are impermeable to atmospheric gases. This prevents the contents from oxidative degradation. Moreover, test tubes are ideal for exothermic reactions as the material can withstand extremely high temperatures up to several degree Celsius. These factors are contributing to the market growth in the forecast period.
North America Accounts for a Significant Share in the Market
The laboratory glassware industry in North America is driven by the growing number of clinical trials by research and academic institutes in the region. Additionally, the rising fundings by the governments in countries like the United States and Canada to support research activities are expected to support the regional market growth. Moreover, the thriving food and beverage industry in the region is likely to provide impetus to the market, as laboratory glassware products are commonly utilised for various applications in the segment.
Laboratory Glassware: Market Segmentation
Laboratory glassware can be defined as the equipment made of glass for use in scientific work in laboratories. These are superior quality laboratory equipment providing benefits such as excellent heat resistance. In addition to this, laboratory glassware equipment go through stringent tests and chemical reactions so that the capability of the product of withstanding high temperatures can be tested and determined.
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Based on product, the market can be segmented into:
- Test Tubes
- Glass Beakers
- Glass Flasks
- Pipettes
- Burettes
- Others
The major applications of laboratory glassware include:
- Research and Academic Institutes
- Hospitals and Diagnostic Centres
- Biotechnology and Pharmaceutical
- Food and Beverage Industry
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Number of Research Activities by Biotechnology and Biopharmaceutical Companies to Boost the Growth of the Laboratory Glassware Industry
The rising applications of laboratory glassware in research and academic institutes, diagnostic centres, hospitals, and biotechnology and biopharmaceutical applications are driving the market growth. The growing investments by the leading biotechnology and biopharmaceutical companies in R&D to develop efficient vaccines, drugs, and medicines, especially after the COVID-19 outbreak, are significantly contributing to the market expansion. In addition to this, the increasing requirement for high quality volumetric instruments for precise measurement is expected to propel the demand for laboratory glassware in the forecast period.
Key Industry Players in the Global Laboratory Glassware Market
The report gives a detailed analysis of the following key players in the global laboratory glassware market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Corning Incorporated
- Borosil Limited
- Sartorius AG
- Bellco Glass
- Sibata Scientific Technology Holdings Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global laboratory glassware market attained a value of nearly USD 1.09 billion.
The market is estimated to grow at a CAGR of 2.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.36 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising application of laboratory glassware in research institutes, hospitals, and diagnostic centres, among others, and the growing government fundings to support clinical trials.
The growing R&D activities in the research institutes and biotechnology industry are expected to be a key trend guiding the growth of the industry.
Test tubes, glass beakers, glass flasks, pipettes, and burettes, among others are the major laboratory glassware products in the market.
Research and academic institutes, hospitals and diagnostic centres, biotechnology and pharmaceutical, and food and beverage industry, among others are the different applications of the product.
The major players in the industry are Corning Incorporated, Borosil Limited, Sartorius AG, Bellco Glass, and Sibata Scientific Technology Holdings Limited, among others.
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