Laboratory Plastic Consumables Market

Laboratory Plastic Consumables Market Analysis

The Laboratory Plastic Consumables Market size is estimated at USD 6.40 billion in 2025, and is expected to reach USD 9.93 billion by 2030, at a CAGR of 9.18% during the forecast period (2025-2030).

The rising R&D spending by pharmaceutical and biotechnology companies and research organizations is projected to boost market growth over the forecast period. For instance, according to the Pharmaceutical Research and Manufacturers of America (PhRMA) 2023 report, pharmaceutical companies in the United States invested over USD 102.2 billion in 2022, a growth of 12.2% compared to 2021. Also, as per the December 2022 report of the Economics of Industrial Research and Innovation, the R&D spending of EU countries was EUR 192.8 billion (USD 208.9 billion) in 2022, and that of China was EUR 195.9 billion (USD 212.3 billion) in the same year. The high R&D spending indicates the high utilization of laboratory plastic consumables during the research process, which is expected to accelerate the market growth.

Furthermore, strategic initiatives by market players to expand laboratory plastic consumables are expected to contribute to market growth. For instance, in April 2022, Laboratory Supply Distributors Corporation launched a brand called ChromOne. This new brand has an expanded chromatography consumable product line, including chromatography vials, closures, septa, and inserts, HPLC and GC autosampler vials, HPLC and GC vials, caps, and other consumables, which is likely to drive market growth during the forecast period.

Therefore, due to factors such as rising research and development spending and strategic initiatives by market players, the laboratory plastic consumables market is expected to grow during the forecast period. However, the competition from reusable alternatives and environmental concerns related to plastic consumables are expected to restrain the market growth during the forecast period.

Laboratory Plastic Consumables Market Trends

The Pipettes and Pipette Tips Segment is Expected to Witness Significant Growth During the Forecast Period

Pipettes are instruments used to measure and transfer small volumes of liquids accurately. Pipette tips are disposable plastic attachments that fit onto the end of a pipette. They serve as a barrier between the liquid being transferred and the pipette itself, preventing cross-contamination between samples. Both are widely used in pharmaceutical and biopharmaceutical laboratories for liquid handling.

The rising expansion of manufacturing facilities to produce a large number of pipettes and pipette tips is expected to boost the segment’s growth during the forecast period. For instance, in June 2022, Eppendorf India inaugurated a Sophisticated Pipette Laboratory and Service Hub (SPLASH) at its facility in Ambattur Industrial Estate, Chennai, India. This pipette calibration facility can calibrate up to 100,000 pipettes annually.

Moreover, in September 2022, the US Department of Defense granted Thermo Fisher Scientific a USD 192.5 million contract to expand the production of pipette tips in the United States. The company established a facility in North Carolina and commenced manufacturing the pipette tips by the third quarter of 2023. Such developments will lead to accelerated production of pipettes and tips, which may drive the segment’s growth.

Therefore, the segment is expected to witness healthy growth during the forecast period due to factors such as the rising establishment of manufacturing plants.

North America is Expected to Hold a Significant Market Share During the Forecast Period

North America is expected to hold a significant market share during the forecast period due to the presence of various market players and rising research and development in the pharmaceutical and biotech industry in the region.

The rising investment in research for drug development is projected to boost market growth. For instance, in October 2022, the PPD clinical research business of Thermo Fisher Scientific Inc. invested USD 59 million to expand its laboratory operations in the United States. The expansion is expected to accelerate drug development, which may boost the utilization of laboratory plastic consumables such as microplates, vials, tubes, and others.

The strategic initiatives by market players, such as launches, partnerships, and expansion of plastic consumables manufacturing plants, are expected to propel the market growth. For instance, in July 2022, Open Lab Solutions reported establishing its own plant in the United States to overcome the frequent shortages of the China-made plastic consumables it needs to produce molecular testing kits. Thus, the expansion of manufacturing plants in the United States is projected to drive market growth during the forecast period.

Furthermore, in October 2022, Globe Scientific, a producer of laboratory plastics, glass, and equipment, launched Diamond PureFlow Syringe Filters in the United States. The syringe filters are constructed of durable polypropylene.

Therefore, owing to factors such as rising investment in research initiatives and manufacturing expansions, the market studied is expected to grow during the forecast period.

Laboratory Plastic Consumables Industry Overview

The laboratory plastic consumables market is fragmented in nature due to the presence of several market players at the global and regional levels. Some key market players include Thermo Fisher Scientific, Corning Incorporated, Eppendorf, Becton, Dickinson and Company, and SPL Life Sciences Co. Ltd.

Laboratory Plastic Consumables Market Leaders

Laboratory Plastic Consumables Market News

• May 2023: NeoDx Biotech Labs, a startup based in India, launched PathoPlex HIV, HBV & HCV Qualitative RT-PCR Detection Kit, a multiplex single tube assay for detecting hepatitis B, hepatitis C, and HIV.
• April 2022: Porvair Sciences launched its new Sero Krystal Poly-D-Lysine (PDL) range of coated microplates to promote superior cell attachment, growth, and proliferation for a wide range of cell types in serum-free media.