The global pump and dispenser market is projected to grow steadily between 2022 and 2030, with a compound annual growth rate (CAGR) of 4.3%. By 2030, the market is anticipated to reach a value of US$ 12.4 billion.
The growth is driven by various factors, including the demand for customized pumps and dispensers in end-user industries such as pharmaceuticals, homecare, cosmetics, personal care, and food and beverage. These industries seek high-end results and are increasingly adopting pumps and dispensers for their applications.
Pumps and dispensers offer several advantages, such as being lightweight, easy to dispense, and chemical resistant, making them suitable for a wide range of applications. Leading manufacturers in the market are also focusing on sustainability by introducing products made from bioplastics and 100% recycled materials to cater to environmentally conscious consumers.
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However, the market growth of pumps and dispensers is expected to be limited by certain industry factors, including fluctuating raw material prices of polypropylene (PP) and high-density polyethylene (HDPE). These price fluctuations can impact the overall market dynamics and pose challenges for manufacturers.
The market has witnessed some notable developments, including the introduction of airless pumps, which provide significant dispensing options. In April 2022, Novvia Group acquired Southern Container, LLC, a distributor of packaging products, indicating the ongoing activities and mergers within the industry.
According to an analysis by Future Market Insights, the market for pumps and dispensers is expected to experience a surge of 390 basis share points (BPS) in H1-2022 (O) compared to H1-2021. However, when comparing the projected H1-2022 and the outlook period, a rise of 20 BPS has been observed. This growth is attributed to the high-end features of pumps and dispensers, including their lightweight nature, chemical resistance, and ease of dispensing.