Total sales in the global pumps and trigger sprays market are forecast to top US$ 7 Bn in 2022. Growing emphasis on sustainable and flexible packaging solutions across various sectors is expected to drive sales at a healthy 6.7% CAGR, pushing the market size to US$ 11 Bn in 2030.
The global pumps and trigger spray market report compiled by ESOMAR-certified Future Market Insights (FMI) provides an extensive historical and future forecast for the market from the period 2015-2021 and 2022-2030 respectively. It highlights the key dynamics responsible for shaping future growth trajectory of the market.
Manufacturers are banking on the ever promising opportunities present in the global cosmetics industry to deepen their penetration. In 2018, the global beauty and personal care industry recorded its highest growth since 2015, with consumers seeking out more personal care products to maintain body health.
Prioritization of health and wellness goals have prompted consumers to shift towards high consumption of skincare products, thus leading to a double-digit growth for items such as cleansers, moisturizers and face masks.
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- Trigger sprays will remain highly sought-after and is expected to yield over 50% revenue share by 2020-end
- High density polyethylene (HDPE) plastics will remain the preferred material choice, which is attributable to their high durability and recyclability
- Body lotions is expected to remain principal application area, experiencing 12% Y-o-Y growth by 2021
- The demand in cosmetics & personal care industry will continue to surge. The industry is poised to generate US$ 2.3 Bn in revenue by 2020-end
- Europe is expected to remain most lucrative market, South Asia to follow suit
- Global pumps and trigger sprays market to expand at 6.7% value CAGR through 2030
“Manufacturers’ primary focus is on fostering innovations to streamline spray designs for the sake of offering convenience to prominent end-users, thus enabling them to remain afloat in the market,” remarks the FMI analyst.
COVID-19 Impact Analysis
As the novel coronavirus pandemic rages on, demand for personal care, homecare and hygiene products is witnessing stupendous incline. Frequent need for surface and hand disinfection has bolstered sales of hand sanitizers and alcohol-based surface cleaners, leading to increased demand for pump and trigger spray based packaging solutions.
The pharmaceutical industry is especially witnessing notable upsurge in the adoption of pumps and trigger sprays to deliver medication to COVID-19 infected patients. Moreover, these spray bottles are also being used to administer drugs for other ailments, with the intention of avoiding direct patient contact and reduce the chances of potential infections.
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The global pumps and trigger sprays market is highly fragmented, characterized by the presence of numerous global and regional level manufacturers. A combination of strategies ranging from product innovations to product launches and strategic collaborations or acquisitions are relied upon by these market players.
Prominent players within the landscape include Guala Dispensing S.p.A., Silgan Dispensing SYSTEMS Corporation, Afa Dispensing, Bramlage Division GmbH & Co.KG, MJS Packaging, The Packaging Company, Kläger Plastik GmbH, Plastopack Industries, Demareis GmbH, Bürkle GmbH and Rieke Packaging among others.
More Insights on Pumps and Trigger Spray Market
Future Market Insights, in its new proposing, provides an unbiased analysis of the global pumps and trigger spray market, presenting demand data (2015-2021) and forecast analysis for 2022-2030. The study divulges compelling insights on the pumps and trigger spray market based on the product type (trigger spray and pumps), material type (plastic, glass, metal), application (body lotions, hand care lotions, reagents, pesticides/ fertilizers, perfumes & deodorants, liquid soap, shampoos & conditioners, chemicals, and others), end use (cosmetics & personal care, homecare, pharmaceutical, chemicals & fertilizers, laboratories, automotive, agriculture, and others) across six major regions.
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