The global pump and dispenser market is witnessing remarkable growth and gaining increasing significance across various industries, primarily fueled by automation adoption in different sectors. Projections indicate steady growth at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030, leading to a market value of US$12.4 billion.
Pumps and dispensers play vital roles in multiple industries, including chemicals, food and beverage, pharmaceuticals, and agriculture. These components facilitate the efficient flow and distribution of gases and liquids in diverse applications.
The prevalence of automation has driven the development of innovative products such as smart pumps and dispensers. These advanced solutions offer enhanced reliability, accuracy, and efficiency in their operations, making them highly sought-after in the market.
Among the various end-use industries, the oil and gas sector emerges as the largest consumer of pumps and dispensers, accounting for approximately 30% of the market. The reliable performance of pumps and dispensers plays a critical role in the extraction, processing, and transmission of oil and gas resources. The global demand for oil and gas has significantly contributed to the growth of this industry segment, further propelling the expansion of the pump and dispenser market.
In conclusion, the pump and dispenser market is experiencing substantial growth due to the increasing adoption of automation and the demand from key industries like oil and gas. As industries continue to seek efficient and reliable fluid handling solutions, the market is set to witness further advancements and expansion in the coming years.
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Key Takeaways from the Pump and Dispenser Market Report:
- The pump and dispenser market is projected to grow at a CAGR of 4.3% between 2022 and 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 are also expected to contribute to market growth.
- The increasing sale of products on e-commerce websites has created lucrative opportunities for manufacturers.
- Demand from the cosmetics and personal care segment will continue to rise throughout the forecast period.
- Fluctuating raw material prices of high-density polyethylene (HDPE) and polypropylene (PP) are expected to limit market growth
Pumps and dispensers are commonly used in packaging products such as 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 during dispensing and can be reused, making them sustainable options. The increasing demand for pump and dispensers for packaging and skincare is expected to drive market growth.
“Consumers worldwide are embracing packaging that offers superior functionality and dispensing solutions. This has encouraged market players to focus on novel designs that provide better convenience and functionality while minimizing product wastage. For example, companies like 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.
Market Benefits
- The study provides an in-depth analysis of the global pump & dispenser market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2022 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
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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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