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WILMINGTON, Del. , Sept. 28, 2022 /PRNewswire/ -- The global dispensing pump market is prognosticated to reach a value of US$ 12.3 Bn by the end of 2031, finds a research report by Transparency Market Research (TMR). Furthermore, the study by TMR states that the market for dispensing pump is expected to develop at a CAGR of 5.6% during the forecast period, from 2022 to 2031.
Key use of dispensing pumps is to deliver varied liquid outputs in a single application. These products are being increasingly utilized for different types of viscous materials including liquid soaps, lotions, shampoos, and water. Hence, a rise in the use by manufacturers of varied products such as cosmetic, pharmaceutical, and beauty and health products is creating promising business prospects in the dispensing pump market, note analysts of a TMR study.
Dispensing pumps are manufactured using different types of recyclable as well as resilient materials. Hence, they show resistance to chemicals and corrosion. Hence, a surge in the demand for environmental-friendly products among the global population is expected boost the sales opportunities in the global dispensing pump market in the near future.
The dispensing pump market in Asia Pacific is prognosticated to expand at notable pace during the forecast period, state analysts at TMR. The growth of the market in Asia Pacific is attributed to many factors including the presence of significant end-user base and increase in the utilization of dispensing pump products owing to rise in concerns pertaining to different health diseases such as coronavirus.
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Dispensing Pump Market: Key Findings
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Dispensing Pump Market: Growth Boosters
Dispensing Pump Market: Key Players
Some of the key players profiled in the report are:
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Transparency Market Research registered at Wilmington, Delaware , United States , is a global market intelligence company provides syndicated research reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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