The new report by Expert Market Research titled, ‘Global Disposable Razor Blades Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global disposable razor blades market price, assessing the market based on its segments like sensitivity, type, distribution channels, end-use and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
Forecast Historical Market Size (2021): USD 3.54 billion
Forecast CAGR (2023-2028): 3.30%
Forecast Market Size (2027): USD 4.30 billion
The expanding sustainability trend is driving demand for disposable razor blades composed of reusable, recyclable, and biodegradable materials, accelerating market growth. The industry’s growth is being fueled by the increased recycling and reusing of steel in disposable razor blades to improve energy efficiency and sustainability. Furthermore, companies and organizations are progressively treating disposable blades with a luxury coating to improve the user experience, eliminate razor burns, and improve shave quality, which is driving the market growth.
The industry is being helped by the introduction of disposable razor blades with adaptable shaving heads that may be used for both grooming and trimming. Lightweight and travel-friendly blades are being created in response to the increased usage of disposable razor blades for individuals’ daily use, which is expected to boost industry growth. Furthermore, rising developments to improve the safety and performance of razor blades are likely to fuel market growth in the future. These factors are expected to drive the global disposable razor blade market during the forecast period.
Industry Definition and Major Segments
Disposable razors are blades that are used in razors for a single-use only. Travellers enjoy them since they are easy to use. They’re usually attached to washable razors and replaced every 5-10 uses. High-quality disposable razors with adaptable blades also employ disposable razor blades.
By sensitivity, the market is divided into:
• Medium Voltage
• High Voltage
By type, the market is divided into:
• Sensitive
• Non-Sensitive
By distribution channels, the market is divided into:
• Online
• Offline
By end-use, the market is divided into:
• Men
• Women
• Unisex
By region, the industry is categorized into:
• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa
Market Trends
The disposable razor blades sector is growing due to rising aesthetic concerns and increased expenditure on grooming items, particularly among the millennial and Gen-Z demographic. Because disposable razor blades are so easy to use, they are rapidly being used for personal usage, which is helping the industry develop. Furthermore, the cost-effectiveness of disposable razor blades makes them ideal for frequent usage, adding considerably to the market’s growth. The growing emphasis on sanitation during shaving to avoid skin infection is driving up the usage of single-use razor blades, reviving the disposable razor blade industry. With the growing need for a precise and smooth shave, disposable razor blades that can provide such advantages are becoming more popular, boosting the market growth. Furthermore, the market is being fueled by the increased demand for thin disposable razor blades that can be modified to meet specific needs while also improving user comfort. During the forecast period, disposable razor blades with flexible heads and simple adaptation for usage in various sections are expected to boost the market growth.
Asia Pacific is among the largest regional markets for disposable razor blades in the historical period, and it is expected to continue to grow at a healthy rate during the forecast period, with China and India accounting for the bulk of consumption. Due to rising consumer expenditure on personal care items, such as cost-effective hair removal equipment, Asia Pacific is projected to develop significantly throughout the forecast period. In developing nations like India and China, a high level of beauty consciousness is expected to provide economic prospects, backed by a big customer base. For example, Syska, an Indian lighting solutions firm, produces a variety of hair trimmers at an affordable price for consumers. Hair removal solutions’ rising popularity and the availability of competent dermatologists are two reasons that are expected to boost product demand in Europe.
Key Market Players
The major players in the market are Procter and Gamble Company, Edgewell Personal Care Company, Dorco Co, Ltd., Benxi Jincheng Blades Manufacture Co. Ltd., Harry’s, Inc., Barbasol LLC, Super-Max Group, Kaili Group, McKesson Medical-Surgical Inc., FEATHER Safety Razor Co., among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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