disposable razor blades market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Disposable Razor Blades Market
The disposable razor blades market size was valued at USD 3.39 billion in 2019, and the market is now projected to grow to USD 5.45 billion by 2032, exhibiting a CAGR of 3.84% during the forecast period of 2019-2032.
Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the disposable razor blades market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. The pandemic has also had a negative impact on facial recognition door lock manufacturing and production facilities. The disruption in the supply chain and the decreased availability of labor, staff, and resources are the causes of this. The market is expected to grow slowly. However, subject to the treatment segment returning to its regular operations, the product demand will gradually revert to its historical estimations as lockdown requirements are gradually relaxed.
Convenience of blades for travel to increase product adoption during forecast period. People prefer non-refillable razors since they don't have to carry bulky and awkward razors and replace blades on long trips. In contrast to other types of shavers, the same one-piece razor blade can be used numerous times before being discarded. For example, Wilkinson Sword items in the fixed cartridge razor blades series can be carried in a handbag while traveling to foreign nations, making them the favored choice among travelers. As a result of their high convenience, these goods have seen a surge in popularity among consumers.
Eco-friendly razor blades are trending on the market during forecast period. The bulk of disposable razor blades are composed of plastic, which has become a risk element due to increased environmental concerns about plastic disposal. This issue has resulted in the creation of new, more sustainable razor models. For example, the Wilkinson Sword Xtreme 3 Eco Green disposable razor includes a handle composed of 95% recycled plastic, whilst Persona provides BioShave, a biodegradable triple blade razor with an 80% plant-based sustainable handle. As a result, blade producers and consumers are increasingly adjusting their preferences toward greener disposable razor blades to help save the environment.
Comprehensive Analysis of Disposable Razor Blades Market
The disposable razor blades market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by Blade Count, by end users and Distribution Channel. The Blade Count segmentations include 1 & 2 Blades, 3 & 4 Blades, and 5 & More Blades, End-User segmentations include Men and Women, Distribution Channel segmentations include Hypermarkets, Online, and Others.
The Europe region lead the disposable razor blades market by benefitting a market size of USD 1.14 billion in 2019 due to convenience of blades for travel and trends of Eco-friendly razor blades.
The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These key industry players include, Procter & Gamble Co. (Ohio, United States), BIC Group (Paris, France), Super-Max Group (Dubai, UAE), Edgewell Personal Care (Shelton, U.S.), Kai Group (Tokyo, Japan), LORD International Co. (Alexandria, Egypt), DORCO CO, LTD. (Seoul, South Korea), Kaili Group (Ningbo, China), Laroch co. (Shuaiba, Kuwait), Perio Inc. (Dublin, U.S.) these market players provide a level-playing competitive landscape.
In January 2019, BIC launched a new facility in Kenya, Africa, that will be used for a variety of firm operations, including the manufacture of BIC Shavers expected to improve the company's footprint in Africa.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion)
SegmentationBy Blade Count, End-user, Distribution Channel, and Geography
By Blade Count
1 & 2 Blades
3 & 4 Blades
5 & More Blades
By End-user
Men
Women
By Distribution Channel
Hypermarkets/Supermarkets
Pharmacies
Online
Others (Convenience Stores, Department Stores, etc.)
By Geography
North America
By Blade Count
By End-user
By Distribution Channel
By Country
USA
By Blade Count
Canada
By Blade Count
Mexico
By Blade Count
Europe
By Blade Count
By End-user
By Distribution Channel
By Country
The U.K.
By Blade Count
Germany
By Blade Count
France
By Blade Count
Italy
By Blade Count
Spain
By Blade Count
Rest of Europe
By Blade Count
Asia Pacific
By Blade Count
By End-user
By Distribution Channel
By Country
China
By Blade Count
India
By Blade Count
Japan
By Blade Count
Australia
By Blade Count
Rest of Asia Pacific
By Blade Count
South America
By Blade Count
By End-user
By Distribution Channel
By Country
Brazil
By Blade Count
Argentina
By Blade Count
Rest of South America
By Blade Count
The Middle East and Africa
By Blade Count
By End-user
By Distribution Channel
By Country
South Africa
By Blade Count
UAE
By Blade Count
Rest of the Middle East & Africa
By Blade Count
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