Disposable Razor Blades Market Demand Analysis in 2021, Global Revenue, Top Companies Growth Forecast to 2027
The global disposable razor blades market sizeis expected to reach USD 4.31 billion by 2027, exhibiting a CAGR of 3.2% duringthe forecast period. The rising shift towards greener disposable razors willhave an excellent impact on the market, states Fortune Business Insights, in areport, titled “Disposable Razor Blades Market Size, Share &COVID-19 Impact Analysis, By Blade Count (1 & 2 Blades, 3 & 4 Blades,and 5 & More Blades), End-User (Men and Women), Distribution Channel(Hypermarkets, Online, and Others), and Regional Forecast, 2020-2027.” Themarket size stood at USD 3.39 billion in 2019.
The coronavirus emergency has resulted in financial jeopardy fortrades and businesses around the world. The authorities of several countrieshave initiated lockdown to avert the increase of this infectious disease. Suchstrategies have caused disturbances in the production and supply chain. But,with time and resolution, we will be able to combat this stern time and getback to normality. Our well-revised reports will help companies to receivein-depth information about the present scenario of every market so that you canadopt the necessary strategies accordingly.
The report on the disposable razor bladesmarket features:
- Excellent understandings of the market
- Crucial information about industry players
- Vital data about regions
- Key development and drivers
- COVID-19 impact
Market Driver:
Prominence of Handy Razor Blades to Improve Market Prospects
The growing popularity of non-refillable razors in long or shortjourneys will spur opportunities for the market. For instance, as per thereport Award Catalogue 2020 of BEYONDPLASTIC, about 5,000 billion disposablerazor blades are used per year globally. The convenience ofnon-refillable razors makes it a preferable choice while traveling. Theadvantages of the razer include multiple usages of the same blade. The growingawareness regarding non-refillable razors can bolster the healthy growth of themarket. For example, the Wilkinson Sword’s products including fixed cartridgerazor blades range are allowed in handbags while traveling to foreigncountries, making it a preferred choice among travelers. Hence, the increasingdemand for such razor blades will augur well for the market.
Inhibited Demand for Razor Blades to Restraint Market AmidCoronavirus
The shifting fashion trends have negatively impacted the globalmarket during coronavirus. For instance, the trend of keeping long beards hasreduced the demand for razors. Moreover, the decline in razor blade sales owingto work from culture, which does not mandate proper grooming. Procter &Gamble reported decreased net sales by 2% to US$ 6.1 billion in the fiscal year2020 in the grooming segment. Besides, slashed shaving needs have furtherretarded the expansion of the market. Nevertheless, the rising disposableincome and awareness about grooming will certainly create openings for themarket in the near future.
Regional Analysis:
Increased Purchasing Power of Consumers to Boost Market in Europe
The market for disposable razor blades in Europe stood at USD 1.14billion in 2019 and is expected to remain dominant during the forecast period.The growth in the region is attributed to the high purchasing power ofconsumers for premium and branded non-refillable razors. For instance, BICgroup which is ranked number two in the global one-piece razors market producesaround 2.6 billion shavers along with 4.9 billion blades every year to servethe needs of the consumers. The surge in travelers can contribute positively tothe market in Europe.
As per the Tourism Statistics released in January 2020 byEurostat, in 2018 at least one personal tourism trip was taken by about 64% ofthe residents of the EU. The market in Asia Pacific is expected to hold asignificant share in the market owing to the rising demand for razor blades incountries such as China, Japan, and India. The inflated demand for low-costdisposable razors will propel the growth of the market in the region.
Key Development:
August 2019: Gillette and Gillette Venusannounced its collaboration with TerraCycle, a leading organization inrecycling. Under this partnership, all razor, as well as disposable razorblades of these brands, will be recycled.
The Report Lists the Key Companies in the Disposable RazorBlades Market:
- Procter & Gamble Co. (Ohio, U.S.)
- 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.)
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/disposable-razor-blades-market-102561
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