Global Dual Chamber Dispensing Systems Market 2019-2023 | High Demand for Convenient Packaging from the Cosmetics Industry to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Jan 10, 2019-- analysts forecast the global dual chamber dispensing systems market to grow at a CAGR of over 6% during the forecast period, according to their latest market research report.
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Technavio has released a new market research report on the global dual chamber dispensing systems market for the period 2019-2023. (Graphic: Business Wire)
The increasing preference for sustainable packaging is one of the major trends being witnessed in the . As end-users of packaging such as the personal care and homecare industries are increasingly opting for eco-friendly packaging materials, the global packaging manufacturers need to be aware of environmental and sustainability issues. The adoption of sustainable packaging allows manufacturers of consumer goods to enhance their brand image and reduce the carbon footprint.
According to Technavio analysts, one of the key factors contributing to the growth of the global dual chamber dispensing systems market is the rising demand for convenient packaging from the cosmetics industry:
Global dual chamber dispensing systems market: Rising demand for convenient packaging from the cosmetics industry
Personal care product manufacturers are looking to introduce appealing packaging designs to attract various customer segments. A key criterion for purchase is convenience, as customers prefer convenient packaging that facilitates easy use of the product. Therefore, to meet consumer demands, manufacturers are increasing implementing changes in packaging formats. For example, hair care product manufacturers are shifting from using traditional bottles to airless dispensers to ensure convenience for customers.
According to a senior analyst at Technavio for research on metal & glass containers, “Hair care product manufacturers were the initial users of pump packaging; however, it has gradually been replaced by airless dispensers to eliminate the use of dispensing closures and screw caps. Dual chamber dispensing systems offer high potential for the packaging of cosmetic products as they offer both visual appeal and convenience of application.”
Global dual chamber dispensing systems market: Segmentation analysis
The global dual chamber dispensing systems market research report provides market segmentation by end-user (personal care, homecare, and others) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The personal care segment held the largest market share in 2018, accounting for over 33% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2018, and the region is expected to dominate the market through 2023.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING RETAIL COSMETICS
SOURCE: Technavio Research
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PUB: 01/10/2019 07:44 AM/DISC: 01/10/2019 07:44 AM