Global laboratory plasticware and glassware market grows 5.17% yearly

The global laboratory plasticware and glassware market has been growing. One of the key factors contributing to this market growth is the increase in research and development (R&D) activities. According to the report by Research and Markets, global laboratory plasticware and glassware market is poised to grow at a CAGR of 5.17% over the period 2012-2016.

The report also indicates a trend of increasing preference of plastic over glass. However, the increasing pricing pressures could pose a challenge to the growth of this market.

The report studied the performance of key vendors dominating this market, such as Bellco Glass, Inc., Borosil Glass Works Ltd., Thermo Fisher Scientific Inc., Kimble Chase Life Science and Research Products LLC. The other vendors mentioned in the report are AGC Techno Glass Co., Ltd., Eppendorf AG, Gerresheimer AG, Mettler-Toledo International, Inc., Rainin Instrument, LLC, SciLabware Limited.

Commenting on the report, an analyst from TechNavio's Healthcare team said: "Plastic has a number of advantages over glass. One of the key advantages offered by plastic is the safety from breakage. Plastic provides safety from breakage while handling various chemicals and radioactive substances. This makes plastic the most preferred material for storage and various other purposes. Over the years, there has been an increase in the use of hazardous materials in laboratories. This in turn has increased the demand for leakproof plastic containers for storage purposes. Plastic is steadily pushing its way into the formerly glass-dominated domain of labware."

According to the report, over the years, there has been a significant increase in the expenditure on R&D activities by various healthcare companies. This has led to an increase in the demand for laboratory plasticware and glassware. The use of glass or plastic labware is still prevalent because of the numerous advantages offered by these, including low cost. Thus, the increase in RandD activities by pharmaceutical and biotechnological companies increases the demand for laboratory plasticware and glassware in the Healthcare industry.