Press release
Liquid Dispensing Pumping Market Growth Framework 2030
TMR Research
Increasing chronic health disorders, such as diabetes, blood pressure, heart problems, and obesity are expected to create awareness regarding cleanliness and personal hygiene on a domestic level among people, which may foster the growth of the liquid dispensing pump market. Furthermore, the increasing occurrence of infection through transmitted diseases such as COVID-19 may further drive disinfectant sales, which impact the sale of liquid dispensing pumps. Continuous awareness and recommendation of healthcare organizations about using sanitizers, disinfectant lotions, and liquid to prevent the risk of this pandemic seems to be an opportunity for the growth of the liquid dispensing pump market. In addition, end users are attracted toward innovative designs of liquid dispensing pumps, which also can be viewed as an opportunity for manufacturers to invest in research & development in liquid dispensing pumps.
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Liquid Dispensing Pumping Market – Notable Developments
In October 2020, TriMas acquired Affaba & Ferrari Srl, a designer and manufacturer of precision caps and closures for food & beverage and industrial product applications. Affaba & Ferrari Srl will become a part of TriMas Corporation Company (Rieke).
In June 2020, Silgan Dispensing Systems acquired Albéa’s Global Dispensing Systems business. This acquisition helped the company to expand its product offerings and technical expertise.
In 2020, Raepak formulated strategies regarding capacity expansion for liquid dispensing pumps. The management is also in the process of upgrading the technology with respect to production, which will ultimately enhance the production efficiency.
In 2020, Yuyao Shunlong Sprayer & Tech. Co., Ltd. focused on advanced technology and raw materials to design quality products as per customer needs from different application industries
Liquid Dispensing Pumping Market – Drivers and Restraints
Automatic liquid soap dispensing pumps have witnessed increased popularity during the COVID-19 pandemic in order to contain the spread of the novel infection. Companies in the liquid dispensing pump market such as Jaguar are encouraging consumers to invest in automatic soap dispensers, owing to rising concerns about bathroom sanitization and hygiene. Moreover, guidelines by the Centers for Disease Control and Prevention (CDC) emphasize on hand washing as an important practice to prevent exposure to COVID-19.
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The growing adoption of the sensor technology and contactless amenities is generating revenue opportunities for companies in the global liquid dispensing pump market. Manufacturers are tapping into long-term growth benefits with innovations in automatic liquid soap dispensing pumps to minimize contact with amenities during hand wash.
Liquid Dispensing Pumping Market – Geographical Segmentation
Based on the regional segmentation, the global liquid dispensing pumping market can be segmented into five key regions. These key regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, currently, the global market is being led by the regional segment of North America. The growth of the regional segment can be attributed to the presence of a highly developed and matured healthcare infrastructure. In addition to this, presence of key players operating in the region has also helped the overall development of global liquid dispensing pumping market in North America.
On the other hand, the regional segment of Asia Pacific is expected to witness promising growth opportunities in the coming years of the forecast period ranging from 2020 to 2030. The growth of the region can be attributed to the increasing investments directed towards the infrastructure development. In addition to this, more activities and funding for research and development activities are also likely to help the development of infection control market in the Asia Pacific region.
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About TMR Research:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends
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