The global pump and dispenser market is experiencing substantial growth and gaining significance across various industries. Automation is playing a key role in this expansion, as it is increasingly favored by different sectors. The market is projected to grow steadily at a CAGR of 4.3% from 2022 to 2030, reaching a value of US$ 12.4 billion.
Pumps and dispensers are essential in multiple industries, including chemicals, food and beverage, pharmaceuticals, and agriculture. They play a critical role in facilitating the flow of gases and liquids and distributing fluids in diverse applications.
The increasing prevalence of automation has driven the development of innovative products such as smart pumps and dispensers. These advanced solutions offer reliability, accuracy, and effectiveness in their operations.
Among the end-use industries, the oil and gas sector is the largest consumer of pumps and dispensers, accounting for approximately 30% of the market. Reliable pumps and dispensers are crucial for extracting, processing, and transmitting these resources. The global demand for oil and gas has contributed significantly to this industry’s growth.
In summary, the pump and dispenser market is poised for substantial expansion in the coming years due to technological advancements and rising demand from various end-use industries. The integration of automation and the need for reliable solutions are driving market growth.
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Key Takeaways from Pump and Dispenser Market Report
- The pump and dispenser market is expected to grow at a CAGR of 4.3% between 2022-2030 East Asia is predicted to dominate the market due to increasing demand for food packaging, cosmetics and pharmaceuticals. Rising government initiatives to improve manufacturing is also expected to contribute towards market growth Increasing sale of products on ecommerce websites has created lucrative opportunities for manufacturers Demand from cosmetics & personal care segment will continue rising through the forecast period Fluctuating raw material prices of high density polyethylene (HDPE) and polypropylene (PP) is expected to limit market growth
- Pump and dispensers are usually used in packaging products like creams, lotions, sauces, shampoo, chemical products, face wash, body washes, cleaning products, skin care products, shower gel, and others. They reduce the chances of product wastage while dispensing and can be reused, making them sustainable options. Increasing demand for pump and dispensers for packaging and skin care is expected to propel growth in the market.
- “Consumers around the world are embracing packaging that offers superior functionality and dispensing solutions. This has been encouraging market players to focus on novel designs that offer better convenience and functionality while ensuring lesser wastage of products. For instance, Raepak and Aptar have developed a unique cap design that can measure the exact amount of liquid detergent dispensed in a single squirt,” says an analyst at FMI.
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Pump & Dispenser Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging Pump & Dispenser Market.
- Scrutinize in-depth Pump & Dispenser Market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry vertical
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Competitive Landscape
The global pump & dispenser market has key manufacturers focusing on providing customized solutions. The leading manufacturers operating in the global pump & dispenser market are focusing on maximizing production volume, expanding their reach globally, and providing sustainable pump & dispenser solutions.
- Aptar, in March 2020, came up with the very first certified recycled plastic beauty packaging approved by ISCC (International Sustainability and Carbon Certification).
- Aptar, in the year 2019, entered into partnership with MONAT for producing an exclusive dispensing of Studio One Strong Flexi-Hold Hairspray. It was also the recipient of 2019 ADF Innovation Award.
Key Players:
- Aptar Group, Inc.
- Rieke Corporation
- L. Smith Company
- DARIN CO., Ltd.
- Richmond Containers CTP Ltd.
- TAPLAST S.r.l.
- Frapak Packaging B.V.
- RAEPAK Ltd.
Region-Wise Insights
North America, followed by Europe and the Asian subcontinent are expected to drive the pump & dispenser market. Coming to cleanliness, even LATAM and MEA are not behind. On the whole, the entire world would be vying for pump & dispenser in the forecast period.
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Key Segments Covered In Pump & Dispenser Industry Research
By Product Type :
- Trigger Pumps
- Lotion & Cream Pumps
- Mist Spray Pump
- Bottle Top
- Crimp Dispenser
- Burette
- Others
By Material Type :
- Plastic
- Polyethylene (PE)
- High – Density Polyethylene (HDPE)
- Low – Density Polyethylene (LDPE)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Others
- Metal
- Glass
By Application :
- Body Lotions
- Hand Care Lotions
- Reagents
- Perfumes & Deodorants
- Liquid Soap
- Shampoos & Conditioners
- Others
By End-use :
- Cosmetics & Personal Care
- Homecare
- Pharmaceutical
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