The dual chamber dispensing systems market will register a CAGR of over 6% by 2023
Jan 21, 2019, 20:08 ET
NEW YORK, Jan. 21, 2019 /PRNewswire/ -- About this market
The emergence of single-use dose technology to drive growth in the market. The use of single-use dose packaging technology among various end-users has been increasing, as this type of packaging reduces dosage errors and ensures effective utilization of the product. Technavio's analysts have predicted that the dual chamber dispensing systems market will register a CAGR of over 6% by 2023.
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Market Overview
Rising demand from homecare products
The demand for other homecare products such as dishwasher and drain cleaners is also expected to witness substantial growth during the forecast period.
Stringent regulations on the use of plastic
Dual chamber dispensing systems are mostly made from HDPE and PET, which are restricted by several national and international regulatory bodies like USFDA.
For the detailed list of factors that will drive and challenge the growth of the dual chamber dispensing systems market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including O.Berk Company and Quadpack the competitive environment is quite intense. Factors such as the rising demand for homecare products and the emergence of single-use dose technology, will provide considerable growth opportunities to dual chamber dispensing systems manufactures. Bettix, Cospack America, O.Berk Company, Quadpack, and Shijiazhuang Xinfuda Medical Packaging are some of the major companies covered in this report.
Read the full report: https://www.reportlinker.com/p05724827
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