All end-use industries have an increasing requirement for pumps and dispensers, and automation as a whole is gaining popularity. Globally, this industry is growing significantly. The global pump and dispenser market is projected to increase linearly between 2022 and 2030 at a CAGR of 4.3%, reaching US$ 12.4 billion.
Pumps and dispensers are utilised by a wide range of industries, including chemical, food and beverage, pharmaceutical, and agricultural. They are essential for the accurate and precise dispensing of fluids in a range of applications as well as for the movement of liquids and gases.
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The desire for automation is on the rise, which has led to the development of innovative products like smart pumps and dispensers that are more efficient, accurate, and reliable.
The largest end-use industry for pumps and dispensers is the oil and gas industry, which accounts for over 30% of the market. Pumps and dispensers need to be effective and dependable in order to extract, process, and transfer these resources. This is mostly due to the increase in worldwide demand for oil and gas.
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Overall, technological improvements and rising demand from numerous end-use industries are likely to propel the pump & dispenser market to considerable growth in the next years.
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.
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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