The global pump and dispenser market is expected to increase at a linear rate of 4.3 percent, reaching US$ 12.4 billion by 2030. Between 2025 and 2026, the pump and dispenser market is expected to rise by 4.8 percent. Pharmaceutical, homecare, cosmetics & personal care, food & beverage, and other promising end customers are requiring new customized pumps & dispensers to achieve high-end results in a variety of applications.
According to Future Industry Insights (FMI), favorable government policies and the rise of an online presence by key market players are supporting growth in the pump and dispenser market. In response to rising sales of hand washes and spray sanitizers during COVID-19, demand for pumps and dispensers has soared in recent months and is expected to continue during the near-term assessment period.
The Pump and Dispenser Market Report’s Key Takeaways
- Between 2020 and 2030, the pump and dispenser market is estimated to develop at a CAGR of 4.3 percent.
- Due to rising demand for food packaging, cosmetics, and medicines, East Asia is expected to dominate the industry.
- Rising government attempts to boost manufacturing are also projected to aid industry expansion.
- Manufacturers have benefited from the increased sales of products on eCommerce platforms.
- Throughout the projection period, demand for cosmetics and personal care products will continue to rise.
- High-density polyethylene (HDPE) and polypropylene (PP) raw material prices are projected to fluctuate, limiting market expansion.
“Packaging that provides improved functionality and dispensing solutions is gaining popularity among consumers all around the world.” This has prompted market competitors to work on new designs that provide greater convenience and utility while reducing product waste. For example, Deepak and Aptar have created a unique cap design that can monitor the exact amount of liquid detergent delivered in a single squirt,” according to an FMI analyst.
Who is the victor?
Companies in the market are concentrating on improving technology and inventing new ways to improve the manufacturing process. Some are even employing recycled materials to be more environmentally friendly. Silgan Dispensing began selling items made from post-consumer recycled (PCR) plastic in 2021 to promote sustainability and develop an environmentally friendly venture.
Aptar Group, Inc., Rieke Corporation, C.L. Smith Company, DARIN CO., Ltd., and Richmond Containers CTP Ltd. are some of the major participants in the pump and dispenser market. S.r.l. TAPLAST PKP Plastic Products Inc. UNICOM International Ltd. Weltrade Pty Ltd. RAEPAK Ltd. Weltrade Pty Ltd. Zhejiang Sun-Rain Industrial Co., Ltd. TYH Container Enterprise Co., Ltd. ScopeNEXT Ltd.
