Peristaltic Pumps Market Size Projections Indicate a CAGR of 6.62%, Envisioned to Attain a Value of USD 4.14 Billion by 2033 [Yahoo! Finance]
Graco Inc. (GGG)
Last graco inc. earnings: 4/22 04:10 pm
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Source: Yahoo! Finance
Rising disposable income has boosted the growth of the F&B and cosmetics industry. This factor plays a prominent role in driving the evolution of the global peristaltic pumps market. In addition, the growing chemical industry is increasing the demand for peristaltic pumps in the global market. Furthermore, growing investments in this area are expected to propel the peristaltic pumps market over the forecast years. Newark, Feb. 20, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 2.18 billion in 2023 global Peristaltic Pumps Market will reach USD 4.14 billion by 2033. The growing trend toward single-use technologies in biopharmaceutical manufacturing creates an opportunity for peristaltic pumps. With disposable tubing systems, these pumps align well with the industry's emphasis on reducing contamination risks and simplifying process validation. Furthermore, ongoing research and development in pump materials and design present opportunities for enhanced performance,
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