Future Market Insights
Packaging industry in last couple of decade has reflected substantial growth, which is attributed to its inclination towards adoption of advance technology. Major companies invested in technological up-gradation witnessed high-value returns and are able to deliver efficient, effective, faster and safer throughput in the production line. Introduction of mist sprayer pump is one such example. Packaging manufacturers with the use of mist sprayer pump can now develop a smaller and convenient package for various industries according to their need. Product sample such as perfume can now be conveniently packed in small pen bottles with an air tight mist sprayer. Mist sprayer pump unlike rubber pump dispenser uses a positive displacement pump that acts directly on the liquid. These mist sprayer pumps are available in the market in different shapes, sizes and materials. The design of mist sprayer pumps make it ideal for packaging manufacturer as they can be attached to almost any type of bottle and deliver a leak proof solution to any type of packaging.
Mist Sprayer Pumps - Market Segmentation:
The global mist sprayer pumps market is segmented on the basis of bottle type, material type and end use industry. On the basis of bottle type, mist sprayer pumps market can be segmented into plastic bottle, glass bottle and aluminum cans. On the basis of material type, mist sprayer pumps can be segmented into plastic and metal. Plastic can further be segmented into Polypropylene (PP), high density polyethylene (HDPE), low density polyethylene (LDPE), Poly-vinyl chloride (PVC) and others. On the basis of end use industry the global mist sprayer pumps market can be segmented into Cosmetic & Personal care, Pharmaceutical, consumer goods and general industrial.
Mist Sprayer Pumps - Market Dynamics:
One of the significant factor towards the growth of global mist sprayer pumps market is the growing preference from cosmetic and personal care industry. Mist sprayer pumps in cosmetic products such as facial tonner, makeup remover and hair spray are gaining traction and is projected to drive the demand for mist spryer pumps market over the forecast period. Moreover, increasing trend towards easy and premium packaging that offer boosted performance and are convenient to use in cosmetic and pharmaceutical industry is further expected to fuel the demand for mist sprayer pumps market by 2024 end.
Though, the demand for mist sprayer pumps is poised to grow - high initial cost of the product is likely to restrain the growth. Lack of product awareness among the rural consumers are other critical factors which is restraining the market to unleash its fullest potential.
Mist sprayer pumps Market - Regional Outlook
Geographically, global mist sprayer pumps market is segmented into North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). The global mist sprayer pumps market is expected to witness a significant CAGR over the forecast period of 2016-2024 in APAC region, subjected to region's industrial characteristic. North America and Western Europe, the two established markets for mist sprayer pumps market dominates the global market, though poised to reflect moderate growth over the next few years. Following the technology trend in American and European production lines, the Asian companies engaged in manufacturing activities are also investing in such equipment, thus growth in Asia Pacific (APAC) is projected to remain relatively higher when comparing against other regions. Additionally, government level initiative to boost manufacturing in Asian countries is also anticipated to contribute significantly to the overall demand for mist sprayer pumps in the region.
Mist sprayer pumps Market - Key Players:
Some of the major players identified across the globe in the mist sprayer pumps market are Bans Group of Companies, Easter Cosmetic Packaging, Aptar Group, Inc., Visann Spraytech, Rieke Corporation, Vitrag Corporation, Aroma Ind., Frapak Packaging
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