Dispensing Pump Market Share

APAC Market Statistics

Asia Pacific industry is set to dominate majority revenue share of 46% by 2037. The market size expansion in the region is expected on account of the growing industrial base, along with the growing population, which creates an increasing demand for dispensing pumps for a variety of fluids. According to the United Nations Population Fund, APAC is slated to be a home for about 60% of the world’s population.

Moreover, this region is increasingly adopting automated systems, including dispensing pumps, for more efficient production and processing. In addition to this, this region has favorable regulatory environments for the lucrative growth of the dispensing pump and sustainable packaging market demand, encouraging investments and market expansion. According to a report, Asia’s manufacturing landscape is set to grow by 3.7% in the next 4 years.

Well Pack, a Chinese company has launched its non-spill disc-top plastic bottlecap which is fully customizable and has a non-spill feature according to the consumer's needs.

North America Market Analysis

The North American region will also encounter huge growth rate in the dispensing pump market during the forecast period and will hold the second position owing to the presence of several manufacturing industries coupled with high trade operations in this region. According to a report, there is an increase of about 35% in productivity increase on account of manufacturing drives.

The cosmetics industry in Canada is increasing which acts as a substantial driver to witness the growth of the dispensing pump industry. According to the International Trade Administration, the estimated cosmetic market revenue share was about 1.24 billion USD in 2021 and is predicted to cross 1.8 billion USD by 2024.

PIN MAO in the United States announced their new refillable interior package at a lower price as compared to other manufacturers which is designed to be handled simply and gently for refilling these packages.