Press release
Dual Dispensing Technology Market to Gain a Stronghold by 2024
Increasing demand for compact and easy to carry products is increasing among the consumers. Consumers are looking for cost effective product with multiple options for its applications. This accounts among the few important drivers for this market. The dual dispensing technology market is driven by increase in demand for smart and innovative dispensing systems and equipment in developing countries such as India and China. Dual dispensing technology offers the user multiple ratio option which allows for multiple settings between formulas. A variety of marketplace aspects have combined to shoot sales of compact beauty and skin care products.
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Cosmetics market is expected to experience a high impact due to this technology. Redken has already started offering dual dispenser custom blending technology in professional hair care products. This market is expected to grow with a rapid pace. Today there is a need to show packaging functionality and appealing ergonomics in various consumer products which in turn anticipated to drive dual dispensing technology market. Global skin care market is estimated to grow at a CAGR of 3.96% from 2015-2016 in terms of value. Dual dispensing technology has a wide scope in skin care market and the growth of skin care market will ultimately account for the growth of dual dispensing technology.
High cost of the equipment for dual dispensing could act as a restraint for this market. In addition to this, well-established manufacturers can lead a monopoly in this market acting as a barrier to entry for new players.
Based on the material used type, the global dual dispensing technology market is segmented into:
Plastics
Metal
Rubber
Based on the nozzle type, the global dual dispensing technology market is segmented into:
Single nozzle
Dual nozzle
Spout nozzle
Based on the end-use industry, the global dual component packaging machine is segmented into:
Adhesive industry
Cosmetics/skincare industry
Hair care industry
Oral care industry
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In terms of geography, the global dual dispensing technology market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The global dual dispensing technology market is expected to register healthy CAGR during the forecast period. Currently Europe is leading the market followed by North America. Asia-Pacific is anticipated to experience higher growth for dual dispensing technology market. Factors such as urbanization, increasing standard of living along with an increase in sales of skin care, hair care and oral care products will stimulate the demand for the dual dispensing technology market globally.
Some of the key players in the global dual dispensing technology market are DEMA Engineering Company, Dispense Park Inc., Exact Dispensing System, Fisnar Inc., Graco, Inc., Henkel AG and Company, Jensen Global Dispensing, Kleerblue Solutions, Nordson Corporation System, Sulzar Mixpac Inc., Toyo Aerosaol Industry, Versadail.
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