Laboratory Plastic Consumables Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.86 Billion |
| Market Size (2029) | USD 9.09 Billion |
| CAGR (2024 - 2029) | 9.18 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Laboratory Plastic Consumables Market Analysis
The Laboratory Plastic Consumables Market size is estimated at USD 5.86 billion in 2024, and is expected to reach USD 9.09 billion by 2029, growing at a CAGR of 9.18% during the forecast period (2024-2029).
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
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Thermo Fisher Scientific
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Corning Incorporated
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Eppendorf
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SPL Life Sciences Co., Ltd.
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Becton, Dickinson and Company
*Disclaimer: Major Players sorted in no particular order
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.
Laboratory Plastic Consumables Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Research and Development
4.2.2 Technological Advancements in Laboratory Techniques and Growing Demand for Point-of-Care Testing
4.3 Market Restraints
4.3.1 Competition from Reusable Alternatives and Environmental Concerns Related to Plastic Consumables
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size - Value in USD)
5.1 By Product
5.1.1 Pipettes and Pipette Tips
5.1.2 Petri Dishes and Tubes
5.1.3 Cell Culture Plates and Microplates
5.1.4 Vials
5.1.5 Other Products
5.2 Application
5.2.1 Molecular Biology
5.2.2 Cell Culture
5.2.3 Microbiology
5.2.4 Genomics
5.2.5 Diagnostics
5.2.6 Clinical Research
5.2.7 Other Applications
5.3 By End User
5.3.1 Pharmaceutical and Biotechnology Industry
5.3.2 Research Laboratories and Academic Institutions
5.3.3 Other End Users (Clinical Laboratories, Diagnostic Centers, etc)
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Camlab
6.1.2 Spectrum Chemical
6.1.3 Eppendorf
6.1.4 Thermo Fisher Scientific
6.1.5 Edulab
6.1.6 SPL Life Sciences Co. Ltd
6.1.7 Corning Incorporated
6.1.8 Becton, Dickinson and Company
6.1.9 DWK Life Sciences Ltd
6.1.10 Sarstedt AG & Co. KG
6.1.11 Greiner Group AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Laboratory Plastic Consumables Industry Segmentation
A laboratory plastic consumable is a disposable plastic product commonly used in various laboratory settings. These consumables are designed to be used once and then discarded, reducing the risk of cross-contamination and ensuring consistent experimental conditions. They are typically made from high-quality plastics that are resistant to chemicals and can withstand a range of temperatures.
The laboratory plastic consumables market is segmented by product, application, end user, and geography. By product, the market is segmented into pipettes and pipette tips, Petri dishes and tubes, cell culture plates and microplates, vials, and other products. By application, the market is segmented into molecular biology, cell culture, microbiology, genomics, diagnostics, clinical research, and other applications. By end user, the market is segmented into the pharmaceutical and biotechnology industry, research laboratories and academic institutions, and other end users. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers market sizes and forecasts in terms of value (USD) for all the above segments.
| By Product | |
| Pipettes and Pipette Tips | |
| Petri Dishes and Tubes | |
| Cell Culture Plates and Microplates | |
| Vials | |
| Other Products |
| Application | |
| Molecular Biology | |
| Cell Culture | |
| Microbiology | |
| Genomics | |
| Diagnostics | |
| Clinical Research | |
| Other Applications |
| By End User | |
| Pharmaceutical and Biotechnology Industry | |
| Research Laboratories and Academic Institutions | |
| Other End Users (Clinical Laboratories, Diagnostic Centers, etc) |
| Geography | ||||||||
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Laboratory Plastic Consumables Market Research Faqs
How big is the Laboratory Plastic Consumables Market?
The Laboratory Plastic Consumables Market size is expected to reach USD 5.86 billion in 2024 and grow at a CAGR of 9.18% to reach USD 9.09 billion by 2029.
What is the current Laboratory Plastic Consumables Market size?
In 2024, the Laboratory Plastic Consumables Market size is expected to reach USD 5.86 billion.
Who are the key players in Laboratory Plastic Consumables Market?
Thermo Fisher Scientific, Corning Incorporated, Eppendorf, SPL Life Sciences Co., Ltd. and Becton, Dickinson and Company are the major companies operating in the Laboratory Plastic Consumables Market.
Which is the fastest growing region in Laboratory Plastic Consumables Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Laboratory Plastic Consumables Market?
In 2024, the North America accounts for the largest market share in Laboratory Plastic Consumables Market.
What years does this Laboratory Plastic Consumables Market cover, and what was the market size in 2023?
In 2023, the Laboratory Plastic Consumables Market size was estimated at USD 5.32 billion. The report covers the Laboratory Plastic Consumables Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Laboratory Plastic Consumables Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Laboratory Plastic Consumables Industry Report
Statistics for the 2024 Laboratory Plastic Consumables market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Laboratory Plastic Consumables analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
