Disposable Razor Market trends:
Men end-user segment is dominating the market with a market share of approximately 62% in the year 2019. Factors attributing to the growth of the segment are the increasing popularity of razors in young men demographics and the rising adoption of men grooming products by manufacturers. In addition, men’s grooming requires less time and less effort as compared to women, and hence, men choose disposable razors quite often than women.
According to Edgewell personal Care, Disposable Razor Market is expected to dominate the consumer goods industry during the forecast period owing to chain of products available in the market and flexible Disposable Razor designs along with improving standards of manufacturing. According to Sales experts, sales are expected to reach approximately 2 billion units worldwide during the forecast period owing to high demand for disposable razors and grooming tools in the market.
North America is the dominating region in the market owing to well established infrastructure of cosmetics and skin care segment in the region with growing inclination of manufacturers towards brand integration of the product. Moreover, rising adoption towards development coupled with increasing adoption rate of beauty products by unisex population in the region are the key supporting factors considered to drive the market growth. APAC market is expected to register CAGR of approximately 5% owing to increasing investment of key players in the region along with increasing no. of women using the razor products for their hygiene purpose. European regional market is expected to boost during the forecast period owing to increasing economic growth in the region. UK and France are the dominating countries in the region expected to register CAGR of approximately 4.8% during the forecast period owing to well established consumer goods sector in the region and increasing mergers of personal care products manufacturers in the region.
In a recent research report by Maximize Market Research, the Disposable Razor Market is expected to surpass US $XX million by the year 2026, from US $XX million in 2019.
Despite a huge decline in the sales of Disposable Razor during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 7.2%, during the tenure of 2020 – 2026.
The study is consolidated on the basis of four major segments and further into sub-segments, Product Type (single blade, twin (double) blade and triple blade), Sensitivity Type (sensitive and non-sensitive), by End Uses (men, women and unisex) and by distribution Channel (online and offline) to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year. Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- P&G Global, Edgewell Personal Care, Energizer Holdings, Inc., Dorco, Benxi Jincheng Blades Manufacture Co. Ltd., Harry’s Inc., FEATHER Safety Razor Co. Ltd., LaserShaving.Com, Kaili Group, Ningbo Jiali Plastics Co. Ltd., LORD International co., Societe’ Bic S.A., McKesson Corporation, Barbasol LLC, Super max, Liyu K
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Disposable Razor Market.”
https://www.maximizemarketresearch.com/market-report/global-disposable-razor-market/109461/
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