The global treatment pumps market is anticipated to accumulate a market value of US$ 8.01 billion in 2023 and is expected to garner a market valuation of US$ 14.2 billion by exhibiting a CAGR of 5.89% in the forecast period 2023 to 2033. The industry for treatment pumps registered a CAGR of 4% in the historical period 2018 to 2022.
The treatment pumps market is witnessing significant growth, due to surging demand from end-use industries like cosmetics and private care, homecare, pharmaceuticals, chemicals, and fertilizers, and automotive. Another factor propelling market growth is the availability of adding extra functionality in the product. Brands generally add extra functionality to their packaging using dispensing methods which improves the product value.
Consequently, various brands are seeking to exploit value capture opportunities by offering innovative dispensing solutions with better functionality and convenience. This is helping brands to create equity in highly saturated markets for commodities. The rising need for premiumization and customization is pushing the end-user industries to invest in advanced packaging solutions, which will boost the product demand in the forecast period.
Along with this, the popularity of bottled water dispensing pump systems has increased in the recent years owing to their ability to provide consistent amount of liquid to the end-users. Hence, an increase in the product demand globally is expected to drive market growth. Furthermore, flourishing e-commerce and online shopping platforms are boosting the sales of the product.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 8.01 billion |
| Projected Market Value in 2033 | US$ 14.2 billion |
| Growth Rate (2023 to 2033) | 5.89% CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing treatment pumps are expected to create lucrative opportunities for market growth during the forecast period.
Treatment pumps are used to dispense liquids from the dispensers. Treatment pumps are usually used for cosmetics, personal care, hygiene and food products. Treatment pumps make it easy to distribute fixed quantity of liquid with each press.
Treatment pumps could be customized for small-sized bottles, jars and other type of dispensing containers and can be used to store different types of liquids with varied thicknesses. Treatment pumps are perfect for household and commercial uses and could be available in different colour, shapes and sizes.
Treatment pumps function similarity to lotion pumps, but are paired with smaller containers for lower volume dispensing for products, like concealer, skin cleansing serums, and more.
The main application of treatment pumps are for storing creams, moisturizers, serums, sauces, and medical products like sanitizers, acetone, etc. Treatment pumps are available in most materials like plastic and metal. Based on bottle type, treatment pumps come in plastic bottle, glass bottle and aluminium cans.
Drivers of the treatment pump market include favourable government policies that promote manufacturing of treatment pumps. Rapid growth of global cosmetic industry is expected to drive the demand for treatment pump market in the future.
E-commerce has opened a huge market for users and variety of treatment pumps. To cater the demand for treatment pumps, manufacturers have started selling treatment pumps in many e-commerce websites. Due to weak airtight capacity of treatment pump and dispenser for packaging, there are chances of contamination of the liquid stored in it that decreases the expiry date of the product.
Serums and liquid soaps are the most used products in the treatment pumps and cosmetic industry utilizes them the most. Due to small sized bottles of treatment pumps, they are handy and could be carried on the go.
Treatment pumps market is expected to increase due to rising demands from cosmetic and pharmaceutical industries. Continuous innovations in the treatment pump market have led to automatic treatment pumps that could boost its market. Demand for sustainable packaging is increasing and this could hamper the plastic treatment pump market, which could be a restraint to treatment pump market.
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Asia Pacific market is the fastest growing market for treatment pumps due to its demand in the cosmetic and pharmaceutical segment in countries like Japan, China and India. Developed regions like North America and Europe have shown a constant rise in the treatment pump market as they are continuously innovating the dispensing medium in containers and coming out with new products.
With the increasing packaging sector, the demand for liquid containers is also increasing which positively affects treatment pumps market. Middle East & African regions are also continuously investing in cosmetic as well as in chemical sector, which is providing good opportunity for treatment pumps to flourish in this region.
Some of the key players in the treatment pump market are
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Treatment pumps market segments and geographies.
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Treatment Pumps Market
