Dispensing Pump Market Trends

Growth Drivers

• Rising concerns over personal care - The increasing usage of dispensing pumps for dispensing personal care products is increasing driven by the growing awareness of the importance of hygiene and health; this has led to greater demand for personal care products. The use of dispensing pumps for these products provides convenience, hygiene, and accuracy in dosage. According to WHO, on an average individual generally spend less than 1 hour a year along with a health worker, whereas over 8700 hours a year in self-care.
  
  Moreover, customers are becoming more aware of the importance of personal care, so there is an increasing demand for dispensing pumps to provide these products conveniently. This is set to augment the dispensing pump sector. According to the Office of Disease Prevention and Health Promotion, due to unhealthy environments & practices, more than 12 million people die globally.
  
  Additionally, the growing concern for personal hygiene and health has led to greater demand for dispensers of liquid soaps, sanitizers, hair care, and other personal care products, which has also boosted the demand for dispensing pump industry.
   
• Increase in smart packaging and premiumization - Luxury packaging for beauty cosmetics and other products, such as fragrance & perfumes, is constantly catching customers' attention and leading to impulse purchases. Thus, cosmetics and perfumer manufacturers prioritize high-quality packaging for their products. This is predicted to drive up demand for pumps and dispensers. According to a report, it is estimated that globally the smart packaging industry may cross 26.7 billion USD in 2024.
  
  Furthermore, the rise of the luxury packaging industry has the potential to boost the revenue of dispensers that ensure superior packaging, this will dominate to influence the demand for pumps and dispensers.
   
• Demand for efficiency and precision - It is necessary to enable real-time monitoring, enhancing accuracy, and reducing errors, coupled with hygienic and countless dispensing solutions in the healthcare sector. According to Invest India, the healthcare landscape is expected to cross more than 18,348 billion INR by 2027, which was about 7940 billion INR in 2021.

Challenges

• Difficulty in designing and fabrication of dispensing pumps - The dispensing pump industry is often subject to custom requirements from customers, which can make it difficult for manufacturers to design and fabricate pumping solutions for specialized needs. This also includes the need for specific materials to meet requirements for specific applications, customized dimensions or features to fit specific requirements, and customized internal and external designs to meet specialized aesthetics.
   
• High initial investments- The control system, connectivity options, and sensors are necessary for the integration. This high initial investment can act as a restraining factor for medium and small-sized enterprise companies that have limited resources. Moreover, propelled by the lack of standardization in dispensing pump standards, it is difficult to compare and validate different dispensers.