Disposable Razor Blades Market Demand Analysis in 2020, Global Revenue, Top Companies Growth Forecast to 2027
The global disposable razor blades market size is expected to
reach USD 4.31 billion by 2027, exhibiting a CAGR of 3.2% during the forecast
period. The rising shift towards greener disposable razors will have an
excellent impact on the market, states Fortune Business Insights, in a report,
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.” The
market size stood at USD 3.39 billion in 2019.
The coronavirus emergency has resulted in financial jeopardy for
trades and businesses around the world. The authorities of several countries
have initiated lockdown to avert the increase of this infectious disease. Such
strategies have caused disturbances in the production and supply chain. But,
with time and resolution, we will be able to combat this stern time and get
back to normality. Our well-revised reports will help companies to receive
in-depth information about the present scenario of every market so that you can
adopt the necessary strategies accordingly.
The report on the disposable razor blades
market 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 short
journeys will spur opportunities for the market. For instance, as per the
report Award Catalogue 2020 of BEYONDPLASTIC, about 5,000 billion disposable razor
blades are used per year globally. The convenience of non-refillable
razors makes it a preferable choice while traveling. The advantages of the
razer include multiple usages of the same blade. The growing awareness
regarding non-refillable razors can bolster the healthy growth of the market.
For example, the Wilkinson Sword’s products including fixed cartridge razor
blades range are allowed in handbags while traveling to foreign countries,
making it a preferred choice among travelers. Hence, the increasing demand for
such razor blades will augur well for the market.
Inhibited Demand for Razor Blades to Restraint Market Amid
Coronavirus
The shifting fashion trends have negatively impacted the global
market during coronavirus. For instance, the trend of keeping long beards has
reduced the demand for razors. Moreover, the decline in razor blade sales owing
to 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 year
2020 in the grooming segment. Besides, slashed shaving needs have further
retarded the expansion of the market. Nevertheless, the rising disposable
income and awareness about grooming will certainly create openings for the
market 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 1.14
billion in 2019 and is expected to remain dominant during the forecast period.
The growth in the region is attributed to the high purchasing power of
consumers for premium and branded non-refillable razors. For instance, BIC
group which is ranked number two in the global one-piece razors market produces
around 2.6 billion shavers along with 4.9 billion blades every year to serve
the needs of the consumers. The surge in travelers can contribute positively to
the market in Europe.
As per the Tourism Statistics released in January 2020 by
Eurostat, in 2018 at least one personal tourism trip was taken by about 64% of the
residents of the EU. The market in Asia Pacific is expected to hold a
significant share in the market owing to the rising demand for razor blades in
countries such as China, Japan, and India. The inflated demand for low-cost
disposable razors will propel the growth of the market in the region.
Key Development:
August 2019: Gillette and Gillette Venus
announced its collaboration with TerraCycle, a leading organization in
recycling. Under this partnership, all razor, as well as disposable razor
blades of these brands, will be recycled.
The Report Lists the Key Companies in the Disposable Razor
Blades 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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