MCP-3519: LABORATORY PLASTICWARE & GLASSWARE – A GLOBAL STRATEGIC BUSINESS REPORT

Global Laboratory Plasticware & Glassware Market to Reach $4.1 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

Low maintenance cost, ease of handling, safety, and increasing R&D efforts are some of the prime factors expected to drive the plastic laboratory products market in future. The market for laboratory plasticware & glassware is projected to reach $4.1 billion by the year 2010, growing at a compounded annual rate of 4.02% over the period 2000 through 2010.

San Jose, California (PRWEB), April 28, 2008 -- Traditionally, glass has been the key material for majority of laboratory ware due to its extensive thermal and chemical resistance. However, over the years plastic has slowly but steadily made way into the laboratory settings due to a number of advantages. Primary among them is the safety from breakage while handling hazardous chemicals, radioactive substances, and carcinogens. Moreover, with the increasing use of hazardous materials in laboratories, leak proof plastic containers are widely considered to be the best storage products. The plastics industry is currently seeking new injection molding process innovations that can cut fabrication costs and improve product quality. Additionally, laboratory plasticwares are also very cheap and can be easily shaped into different forms.

United States is the largest laboratory glassware and plasticware market in the world and is projected to cross $1.7 billion by the year 2015. Laboratory glassware market in Asia-Pacific is forecast to grow at the fastest CAGR of 5.48% over the years 2011 through 2015. As stated by Global Industry Analysts Inc., use of Laboratory Glassware and Plasticware in Biotech/Life Science Research Applications in Europe is forecast to reach $542.54 million by the year 2012. In the biochemical science field, microwaves are being used to sterilize laboratory plastic and glassware. Glass equipment manufacturers usually prefer molding technique for making bottles that require a variety of shapes and sizes. The press-and-blow processing method has been a growing technique used in the molding of threaded glass bottles. The emerging subcontracting laboratories market is expected to grow at a rapid pace. This is due to the fact that several companies that are in the process of reducing costs are finding it more cost efficient to subcontract some of their research and quality control activities.

Key players dominating the global laboratory plasticware & glassware market include Bellco Glass Inc, Biohit Oyj, Eppendorf AG, Kimble Chase Life Science and Research Products LLC, Mettler-Toledo International Inc, PLT Scientific Sdn Bhd, SciLabware Limited, SCHOTT AG, Sklarny Kavalier, Technosklo Ltd, Thermo Fisher Scientific Inc and Wheaton Science Products, among others.

The report titled “Laboratory Plasticware & Glassware: A Global Strategic Business Report” published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competition, laboratory equipment market, cleaning methods, product overview, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America by the following product segments - Laboratory Glassware and Laboratory Plasticware

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