Market Segmentation
Most of the personal care and multifunctional beauty products are packed in bottled containers and cans, and the utilization of pumping mechanism enables easy access to the products. So, growth in personal care products market is anticipated to drive the demand for dispensing pumps over the forecast period. Consumers are now preferring natural products for skin and hair. In addition, manufacturers of cosmetic and personal care products are focusing on the development of different lotions, moisturizers, and other products with high viscosity. Consumers also give high emphasis on ease of access, storage, and reusability of the products. Thus, the players are offering an easy pouring form of the containers by installing the pumping mechanism.
The rise in the consumption of packaged food due to changing demographic switch toward living style, activities and work are expected to raise the industrial growth. This has influenced the establishment of new grocery stores, restaurants, and bars across the region. The food & beverage industry is a significant contributor to economic growth. Some food items need easy pouring mechanisms installed in order to provide easy accessibility to the food items, thus are positively impacting the demand for dispensing pumps. The food sector in the U.S. generated revenues of more than USD 1.4 trillion in 2018, wherein, it included food items consumed at home and commercial eateries. The U.S. food industry is also a significant contributor to the export operations to the international market.
Plastic resin, rubber, and metallic springs are the key raw materials used for the production of dispensing pumps. The dispensing pump structure has a large proportion of plastic components which are derived from the crude oil, thus, fluctuating prices of crude oil are likely to hamper the market. The metal springs used in the actuators of the pumping mechanism are derived from steel materials, thereby, the steel prices also have an indirect impact on the market. The plastic resin prices in North America have witnessed fluctuations in the past few years. The prices for the polypropylene products are expected to rise in the coming period on account of growth in the oil prices, thus hampering the market for dispensing pumps.
This section will provide insights into the contents included in this North America dispensing pumps market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance