The Mono Material Pump Market size is projected to be worth USD 108.2 Million in 2023. The market is likely to surpass USD 186.6 Million by 2033 at a CAGR of 5.6% during the forecast period. Increased focus on the recyclability of plastic due to an increase in plastic pollution levels led to the invention of mono material pumps.
Consumption of beauty and personal care products has increased in the past few years resulting in more demand for the pumps. As customers have become more environmentally conscious about their choices, the trend of mono material packaging has gained a certain amount of growth.
The growing popularity of beauty & personal care products among the young generation has created a massive demand for mono material pumps. Selecting the right packaging materials for beauty products is a crucial factor in the beauty industry. As mono material pumps are easy to use, recyclable, easy to use, showerproof, all these factors augment the market.
Drivers Propelling the Demand for Mono Material Pump Market
Key Market Attributes
| Attribute | Details |
|---|---|
| Mono Material Pump Market Size (2023) | USD 108.2 Million |
| Mono Material Pump Market Size (2033) | USD 186.6 Million |
| Value CAGR (2023 to 2033) | 5.6% |
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Principal Consultant
The global Mono Material Pump Market size was valued at USD 81.1 Million in 2018 and is projected to reach USD 108.2 Million by 2023, growing at a CAGR of 4.7% from 2018 to 2023.
The global Mono Material Pump Market has seen an average growth in the historic years. The beauty & personal care industry was the biggest contributor to the Mono Material Pump Market. Traditionally, the dispensing pumps were being manufactured with composite materials, which was creating issues in the circular economy.
Basically, these single polymer pumps are designed to facilitate the recycling of dispensers. As consumers had to discard their dispensers before recycling, the mono material pumps were the desirable product for the CPG customers and consumers, leading to increasing growth of the market.
Future Market Outlook: Mono Material Pump Market
Looking ahead, the global mono material pump market is expected to rise at a CAGR of 5.6% from 2023 to 2033. During the forecast period, the market size is expected to reach USD 186.6 Million in 2033 from USD 108.2 Million in 2023.
The global Mono Material Pump Market is significantly driven by the requirement for sustainable packaging solutions pushed by rising environmental concerns and stringent regulations. The mono material pumps have proved to be a significant breakthrough in the packaging sector.
These pumps remove the hurdles while recycling the composite material-based pumps. Manufacturing companies are committed to offering innovative solutions to end users in the area of sustainability and commercialization. Advanced design applications of mono material pumps are being used for consumer packaged goods customers serving beauty & personal care and other markets.
The companies are focussing on the development of mono material pumps without compromising the formula compatibility, quality, aesthetics, and performance. The increased importance of the circular economy in the future, especially for non-biodegradable materials such as plastic, is anticipated to raise the demand for mono material pumps.
The application of single material for pumps in combination with similar material bottles aids in the recycling of overall product packaging. It also reduces the weight and cost of the products, which is of utmost priority to manufacturers and consumers. This, it is resulting in accelerating the demand for mono material pumps.
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| Particulars | Value CAGR |
|---|---|
| Foamer Pump Market | 4.4% |
| Pump & Dispenser Market | 4.3% |
Market Growth Outlook by Key Countries
| Countries | Value CAGR |
|---|---|
| USA | 4.5% |
| Germany | 4.0% |
| UK | 3.3% |
| Japan | 4.2% |
| China | 6.5% |
| India | 7.0% |
The beauty, personal care, and hygiene segment in India is expanding at a faster rate because of growing awareness for hygiene, increased disposable income, and a rise in online & brick & mortar stores.
According to the National Investment Promotion & Facilitation Agency, the beauty, and personal care segment has recorded a market value of USD 13.74 Billion in FY year 2022 and is anticipated to reach USD 15.7 Billion in FY year 2026 in India.
This is expected to generate high demand for mono material pumps in India. Skin care, hair care, and body care products are the largest market in India in which mono-material pumps are being increasingly used.
Japan has emerged to be the largest e-commerce market, recording 4th position after China, USA, and the UK. According to the International Trade Administration (USA Department of Commerce), sales from e-commerce increased by 8.6% in 2021 when compared to the previous year and recorded a market value of USD 188.1 Billion in 2021 in Japan.
In the wake of COVID-19, the B2C e-commerce market in Japan for consumer goods has expanded significantly and is expected to increase in the future. e-commerce retail in Japan is anticipated to create growth in the Mono Material Pump Market.
Market Growth Outlook by Key Material Type
| Material Type | Value CAGR |
|---|---|
| Polyethylene | 5.8% |
| Polyethylene terephthalate | 5.1% |
PE is the most commonly used material for mono material pumps. These pumps align with the bottles made from PE and PET, which is mostly preferred for manufacturing plastic bottles. These complete packaging made from the same material is easily recycled as they are from the same group of materials.
Market Growth Outlook by Key End-use Industry
| End-use Industry | Value CAGR |
|---|---|
| Beauty & Personal Care | 4.9% |
| Homecare | 5.5% |
The mono material pumps are majorly used in packaging lotions, shampoos, conditioners, serums, shower gels, and other products used by consumers. It helps in the easy dispensing of the products, providing convenience to the consumers. Additionally, the homecare segment records the second-highest market share and is expected to gain the highest growth rate in the forecast years.
Manufacture ring companies in the mono material pumps industry are implementing various strategies to stay ahead of the competition and meet the growing demand for their products. Important key actions that manufacturers are taking include:
Key Developments in the Mono Material Pump Market:
The global Mono Material Pump Market is expected to hit a value of USD 108.2 Million by 2023.
The Mono Material Pump Market is set to expand by 5.6% during the assessment period.
The polyethylene segment is projected to hold the dominant share of the market.
The Mono Material Pump Market is predicted to exceed USD 186.6 Million by 2033.
Europe is the most profitable region in the Mono Material Pump Market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Polyethylene 5.2. Polypropylene 5.3. Polyolefin 5.4. Polyethylene terephthalate 5.5. Poly Vinyl Chloride 5.6. Metal 5.7. Others (Glass, etc.) 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Dispense Capacity 6.1. Up to 1 cc 6.2. 1 to 2 cc 6.3. Above 2 cc 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use Industry 7.1. Beauty & Personal Care 7.2. Homecare 7.3. Food & Beverage 7.4. Pharmaceutical 7.5. Others (Chemical & Fertilizer, Automotive, etc.) 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 8.1. North America 8.2. Latin America 8.3. East Asia 8.4. South Asia & Pacific 8.5. Western Europe 8.6. Eastern Europe 8.7. Central Asia 8.8. Russia & Belarus 8.9. Balkan & Baltic Countries 8.10. Middle East & Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Central Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Russia & Belarus Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Baltic & Baltic Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Country-wise Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. APackaging Group 21.2. AptarGroup, Inc. 21.3. SeaCliff Beauty 21.4. Rieke Packaging Corp. (TriMas Packaging) 21.5. Albéa Beauty Holdings S.à.r.l. (Fasten) 21.6. CVP Packaging 21.7. Yuyao Caiyun Cosmetics Packaging Co., Ltd. 21.8. HANA Innovation 21.9. O.Berk Company 21.10. DTS-EUROPE (Wista Packaging) 21.11. ZHEJIANG UKPACK PACKAGING CO. LTD. 21.12. SR Packaging 22. Assumptions and Acronyms Used 23. Research Methodology
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Mono Material Pump Market
