Favorable government policies and expansion of online presence by leading market players are enabling growth in the pump and dispenser market, finds Future Market Insights (FMI) in a new study. Demand for pumps and dispensers has surged considerably in the last few months and the trend is likely to continue through near-term assessment period in response to the increasing sales of hand washes and spray sanitizers amid COVID-19.
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.
Key Takeaways from Pump and Dispenser Market Report
- The pump and dispenser market is expected to grow at a CAGR of 4.3% between 2020-2030
- 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
“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.
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COVID-19 Impact Analysis
The COVID-19 pandemic has disrupted various industries including the pump and dispenser market. The lack of raw materials saw a decline in production. The market experienced a -0.4% CAGR during 2020. It is expected to rise at a moderate pace 2021 onwards due to increasing demand for soap dispensers and sanitizers due to hygiene concerns.
Who Is Winning?
Companies operating in the market are focusing on developing technology and creating innovations to improve the production process. Some are even adopting more sustainable methods by using recycled materials. In 2019, Silgan Dispensing launched products created using post-consumer recycled (PCR) plastic, in order to improve sustainability and create an eco-friendly initiative.
Some of the key players in the pump and dispenser market are Nature Home Decor, Creative Home, Mason Jar Lifestyle, Perfume Studio, Toilet Tree Products, Youngerbaby, Rail, Hayward, Kleine Wolke, LOGAN, CJH, VCCUCINE and ZmOffers.
Valuable Insights into The Pump and Dispenser Market Report
Future Market Insights (FMI) has presented a detailed analysis on the pump and dispenser market with the inclusion of an assessment for the years 2020-2030. The market has been divided into several segments in order to provide an insightful analysis. On the basis of the product type, the market is divided into trigger pumps, lotion & cream pumps, mist spray pumps, bottle top, crimp dispenser, burette and others. Based on the application, the market is divided into body lotions, hand care lotions, reagents, perfumes & deodorants, liquid soap, shampoos & conditioners and others.
The market is segmented based on material type into plastic, metal and glass. The plastic segment is further divided into polyethylene (high density polyethylene (HDPE) and low density polyethylene (LDPE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP) and others. On the basis of end use, the market is divided into cosmetics & personal care, homecare, pharmaceutical, chemicals & fertilizers, laboratories, automotive and others. The market is segregated based on geography into North America, Latin America, Europe, Middle East and Africa, East Asia, South Asia and Oceania.
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Key Questions Answered by the Report
- At what rate the pump and dispenser market is forecast to grow?
According to FMI, the market is expected to rise at 4.3% CAGR between 2020 and 2030.
- Which is the largest market for pump and dispenser?
East Asia is the leading market for pumps and dispensers. Growth registered in the region is driven by growing cosmetics and personal care industry. Besides this, growing population in the region is augmenting the growth of several end-use industries such as cosmetics and personal care, automotive, chemicals and fertilizers, and pharmaceuticals. This is directly posing a positive impact on the growth of the market in East Asia.
- Which are the top companies in the pump and dispenser market?
Some of the leading companies operating in the pump and dispenser market are Aptar Group, Inc., Rieke Corporation, C.L. Smith Company, DARIN CO.,Ltd., Richmond Containers CTP Ltd., TAPLAST S.r.l., Frapak Packaging B.V., RAEPAK Ltd., PKP Plastic Products Inc., UNICOM International Ltd., Weltrade Pty Ltd., TYH Container Enterprise Co., Ltd., Zhejiang Sun-Rain Industrial Co., Ltd., and ScopeNEXT Ltd. among others.
- What are the key challenges witnessed in the pump and dispenser market?
High initial cost of the products such as mist spray pumps is expected to hamper the growth of the market. Lack of awareness about the product among consumers located in remote areas is another critical factor that is restraining the market
- Which is the most lucrative product in pumps and dispensers market?
According to FMI, the trigger pumps segment is leading the market in terms of product. However, the demand for mist spray pumps is expected to rise at a higher pace in the coming years.