The mist sprayer pumps market is likely to reach a CAGR of 4.8% in the global market, during the forecast period and showcases a revenue valued at US$ 1,468.5 Mn in 2022, and is anticipated to cross US$ 2,346.9 Mn by 2032.
Demand for mist sprayer pumps increases owing to its usage in industries for liquid transfer, systems, and other water related applications. Smaller and convenient packages can be developed for various industries by packaging manufacturers with the adoption of mist sprayer pumps.
Mist Sprayer Pumps – Market Dynamics
One of the significant factor towards the growth of global mist sprayer pumps market is the growing preference from cosmetic and personal care industry. Mist sprayer pumps in cosmetic products such as facial tonner, makeup remover and hair spray are gaining traction and is projected to drive the demand for mist spryer pumps market over the forecast period.
Moreover, increasing trend towards easy and premium packaging that offer boosted performance and are convenient to use in cosmetic and pharmaceutical industry is further expected to fuel the demand for mist sprayer pumps market by 2024 end.
Though, the demand for mist sprayer pumps is poised to grow – high initial cost of the product is likely to restrain the growth. Lack of product awareness among the rural consumers are other critical factors which is restraining the market to unleash its fullest potential.
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Mist sprayer pumps Market – Regional Outlook
Geographically, global mist sprayer pumps market is segmented into North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). The global mist sprayer pumps market is expected to witness a significant CAGR over the forecast period of 2016-2024 in APAC region, subjected to region’s industrial characteristic.
North America and Western Europe, the two established markets for mist sprayer pumps market dominates the global market, though poised to reflect moderate growth over the next few years. Following the technology trend in American and European production lines, the Asian companies engaged in manufacturing activities are also investing in such equipment, thus growth in Asia Pacific (APAC) is projected to remain relatively higher when comparing against other regions.
Additionally, government level initiative to boost manufacturing in Asian countries is also anticipated to contribute significantly to the overall demand for mist sprayer pumps in the region.
What is the Scope of the Mist Sprayer Pumps Market?
Advanced technological solutions, modern technology, and agriculture enabling farmers to engage in effective weed management practices surges demand for mist sprayer pumps.
The adoption of mist sprayer pumps is gaining popularity in perfumes and small-scale liquid cleaning products due to increased availability. Increased popularity of non-aerosol solutions as alternatives to conventional trigger and aerosol sprayers expands the mist sprayer pumps market size.
Polypropylene and PET (Polyethylene Terephthalate) materials are being used by manufacturers in the innovation and adoption of mist sprayer pumps.
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Some of the recent developments in mist sprayer pumps are:
- Silgan Holdings Inc. announced the acquisition of the dispensing business of the Albéa Group for US$ 900 Mn to expand the beauty and personal care segments, in June of 2020.
- In August 2020, Tri-Seal, which operates under Tekni-Plex India Pvt. Ltd., invested US$ 1 Mn in a new closure liner manufacturing facility about 8000 sq. meter in Greater Noida, India.
- Increasing number of Covid-19 cases around the world emerged as an opportunity for key players to invest in mist sprayer pumps owing to its rising demand in the industrial, commercial, and household sectors in 2020.
- The Altec Spray Equipment changed their name from Puregas, LLC to Altec AIR, LLC in August of 2019.
- In May 2020, Croplands gave a complete makeover to their iconic Quantum Mist vineyard sprayer.
What is the Competitive Landscape of the Mist Sprayer Pumps Market?
Some of the key participants of the mist sprayer pumps market are
- Bans Group of Companies,
- Easter Cosmetic Packaging,
- Aptar Group, Inc.,
- Visann Spraytech,
- Rieke Corporation,
- Vitrag Corporation,
- Aroma Ind., Frapak Packaging,
- TriMas Corporation,
- Guala Group,
- Knida Company Limited,
- Yuyao Shunlong Sprayer & Tech. Co., Ltd.,
- Taixing K.K. Plastic Co., Ltd.,
- John Deere,
- CNH Industrial N.V.,
Kubota Corporation, AGCO Corporation, Bucher Industries AG, Mahindra & Mahindra Ltd., Yamaha Motor Corp., STIHL, EXEL Industries, AMAZONEN-Werke, BGROUP S.p.A., Agro Chem Inc., Boston Crop Sprayers Ltd., H&H Farm Machine Co., Buhler Industries Inc., AG Spray Equipment, Inc., John Rhodes AS Ltd., H.D. Hudson Manufacturing Company, AptarGroup, Silgan Holdings, Albea S.A, Zhejiang JM Industry, Rieke Packaging, XJT, Goldrain, CHONG WOO, Sun-Rain, Nuobang Plastic, VENLO GROUP, Napla, and Scorpion Overseas.
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