NEWARK, DEL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The mono material pump industry is expected to reach a value of US$ 108.2 million in 2023, and it is anticipated to achieve a remarkable growth, potentially exceeding US$ 186.6 million by 2033 with a steady compound annual growth rate (CAGR) of 5.6%. This innovation in mono material pumps was driven by a growing emphasis on the recyclability of plastics, responding to the rising concerns about plastic pollution in the environment.
Mono Material Cosmetics Pumps is Driving the Market Demand
The beauty and personal care industry is having huge applications for cosmetic mono material pumps. The packaging used in cosmetic products makes often use of pumps for easy access to the consumers that are difficult to recycle. The mono material based future pumps can easily replace the traditional pumps used in cosmetics packaging. Companies are developing the pumps with the goal that helping the consumers to dispense their shampoo, lotion, or shower gel easily and put the empty packaging direct into the recycling bin.
The application of mono material pumps in the construction of cosmetic packaging can create a revolution in the beauty and personal care industry. Recyclable packaging has become a trend in the beauty and personal care industry and the innovation of mono material pumps is expected to drive this trend further in the future. Brands and retailers in the beauty and cosmetics industry can differentiate their products improving their sustainability credentials.
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Overall, the growing beauty and personal care industry is pushing the mono material market growth. The increase in cosmetics and self-care products, increase in brick & mortar stores, online sales channels, and growth of the e-commerce sector are supplementing the mono material market growth.
Key Takeaways from Mono Material Pumps Market
- The polyethylene segment dominates the market with the highest value share in an estimated year. PET and PP are also mostly used in the market after PE. With a CAGR of 5.8% from 2022 to 2033, the PE segment is expected to dominate the mono material pumps market
- Haircare, skincare, and hair care products are the major users of mono material pumps. Increased demand for these products and rising focus on hygiene supplement the demand for the segment. With a CAGR of 4.9% from 2022 to 2033, the beauty & personal care industry segment is expected to dominate the mono material pumps market.
- The mono material pumps market in the United States is predicted to increase at a 4.5% CAGR.
- The mono material pumps market in India is estimated to expand at a CAGR of 7.0% by 2033.
- During the forecast period, the mono material pumps market in China is expected to secure a 6.5% CAGR.
- The mono material pumps market in the Japan is predicted to increase at 4.2% CAGR.
“The Mono Material Pump Market has shown remarkable growth prospects. This surge can be attributed to the increasing emphasis on sustainability and recyclability, driven by rising concerns about plastic pollution. Furthermore, the market is benefitting significantly from the expanding demand for personal care products, particularly in the skincare, hair care, and body care segments, which further accelerates its expansion.” Says, Ismail Sutaria, Principal consultant at Future Market Insights
Escalating Focus over Sustainability Drives the Mono Material Pumps Market
Mono material pumps offer numerous benefits to manufacturers, consumers, and our ecosystem. These pumps entire are manufactured from a single type of material. It makes the pumps easy to recycle compared to the conventional pumps that contain composite material including metal and glass complicating the recycling process. Traditional pumps are required to be disposed of separately. Mono material pumps and bottles do not require post-use disassembling which facilitates and speeds up the recycling process. These pumps provide huge convenience to the consumers while disposing of the packaging. Manufacturers are also considering the use of mono materials considering the importance of circular economy. Increased level of plastic pollution has led to growing eco-consciousness among consumers resulting in the growth of the mono material pumps market. Implementation of regulations over the use of plastic and increased focus on recycling and waste management by the governing authorities has positively impacted the mono material pumps market. These factors are supplementing the growth of the market.
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The Major Key Players Are:
- APackaging Group
- AptarGroup, Inc.
- SeaCliff Beauty
- Rieke Packaging Corp. (TriMas Packaging)
- Albéa Beauty Holdings S.à.r.l. (Fasten)
- CVP Packaging
- Yuyao Caiyun Cosmetics Packaging Co., Ltd.
- HANA Innovation
- O.Berk Company
- DTS-EUROPE (Wista Packaging)
- ZHEJIANG UKPACK PACKAGING CO. LTD.
- SR Packaging
| Attribute | Details | |
| Mono Material Pump Market Size (2023) | US$ 108.2 Million | |
| Mono Material Pump Market Size (2033) | US$ 186.6 Million | |
| Value CAGR (2023 to 2033) | 5.6 | % |
Key Segmentations
By Material Type:
- Polyethylene
- Polypropylene
- Polyolefin
- Polyethylene terephthalate
- Poly Vinyl Chloride
- Metal
- Others (Glass, etc.)
By Dispense Capacity:
- Up to 1 cc
- 1 to 2 cc
- Above 2 cc
By End-use Industry:
- Beauty & Personal Care
- Homecare
- Food & Beverage
- Pharmaceutical
- Others (Chemical & Fertilizer, Automotive, etc.)
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East & Africa
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Author by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show - Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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