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Disposable Razor Blades Market to Reach USD 4.31 Billion by 2027; Increasing Consumption of Razor Blades to Strengthen Industry

October 16, 2020 | Consumer Goods

The global disposable razor blades market size is expected to USD 4.31 billion by 2027. The growing inclination towards biodegradable products will urge companies to introduce innovative eco-friendly razor strips, which, in turn, will bode well for the market, mentioned 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.” bbin体育The market size USD 3.39 billion in 2019 and is expected to exhibit a CAGR of 3.2% between 2020 to 2027.


Heavy Investment in LetsShave by Wipro to Augment Growth


bbin体育Wipro Consumer Care Ventures announced that it has signed an agreement to invest in LetsShave Private Ltd, a Privately integrated company to cater to the needs of customers. It is concentrating on the shaving category to enlarge into personal care categories like body care, skincare, and electric trimmers under the brand name LetsShave. The strategic investment by the company will enable high-quality products under a single large player. Moreover, the company has tied-up with, Dorco, a Korean Company and one of the pioneers in the razor industry, manufacturing blades since 1955. Dorco has acquired a ten percent stake in LetsShave, hence making it a global supplier. The investment by Wipro will offer high-quality products and can facilitate expansion in the forthcoming years. Moreover, ongoing product development and trail-blazing strategies by companies will spur lucrative opportunities for the market.


To get a detailed report summary and research scope of this market, click here:


http://nut59.com/disposable-razor-market-102561


Rising Number of Salons and Spas to Brighten Business


The growing number of commercial grooming places such as spas, salons, health clubs, and hotels are expected to aid the expansion of the market. The use of disposable razor blades in commercial settings will increase consumption, thus boosting the market. for instance, in January 2019, Big Box of Razors brand announced the launch of its new black disposable razors, which will be supplied in bulk to various businesses including hotels, fitness clubs, med spas, golf clubs as well as tattoo shops. Hence, the spurred demand for disposable razor blades in various grooming and commercial business will promote the growth of the market.


Vital Strategies of companies to Consolidate Market


bbin体育The prominent players such as Procter & Gamble Co. (brand Gillette), Edgewell Personal Care (brands Schick, Persona, and Wilkinson Sword), and BIC Group hold more than 50% of the share in the global market. Nevertheless, emerging companies and startups can make the market highly competitive. Moreover, various strategies such as partnerships, acquisitions, and new product development adopted by companies will consolidate the market in the forthcoming years. For instance, in October 2018, Dorco, a major player in South Korea acquired about a 10% stake in the startup LetsShave Private Ltd. in India to reinforce its position in the market.


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.)


Further Report Findings:



  • Regional Analysis: The market in Asia Pacific is expected to hold the largest share in the global market owing to the growing demand for disposable razors in China, Japan, and India. The surge in the number of barbershops, spas, and salons will promote the expansion of the market in the region.

  • Leading Segment: The 3 & 4 blades razor is expected to hold the largest share in the global market owing to its suitability for shaving needs at an affordable price. Thus, making it a preferred choice among the consumers.


The global Disposable Razor Blades Market is Segmented into:


















































  ATTRIBUTE



  DETAILS



Study Period



bbin体育  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



bbin体育  2016-2018



Unit



bbin体育  Value (USD Billion)



Segmentation



  By 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








Global Disposable Razor Blades Market
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  • 2019
  • 2016-2018
  • 160

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