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Global Disposable Razor Blades Market to Reach About USD 4.17 Billion by 2026, Aided by the Rising Demand for Convenient Grooming Products

According to a new report by EMR titled, ‘Global Disposable Razor Blades Market Report and Forecast 2021-2026’, the global market for disposable razor blades attained a value of about USD 3.43 billion in 2020. The industry is further expected to grow at a CAGR of 3.30% in the forecast period of 2021-2026 to reach a value of approximately USD 4.17 billion by 2026.

Europe holds a significant share of the disposable razor blades industry owing to the growing trend of grooming in the region. The market growth can also be attributed to the increasing disposable income, the rising demand for convenient grooming products, and the growing preference for premium non-refillable razors. As consumers are increasingly demanding sustainable grooming and shaving equipment, manufacturers are deploying flexible razor blades with versatile metal heads made up of renewable steel, which is augmenting the market growth. The increasing innovations in razor blades to boost their sharpness, smoothness, and convenience, among others, is propelling the market for disposable razor blades. Moreover, the growing availability of such innovative disposable razor blades in supermarkets and convenience stores is positively impacting the market growth.

Some of the leading companies in the market are Procter and Gamble Company (NYSE: PG) and Dorco Co, Ltd. The latter entered into an exclusive partnership with Indo-National Ltd. in June 2020 to launch its DORCO razors and razor blades in India. Dorco Co, Ltd. was expected to leverage its wide distribution network for the sale of the products. The products were launched in some retail and wholesale outlets of North and South of India, which was estimated to be expanded to other parts of the country. The exclusive partnership is anticipated to increase the global footprint of Dorco while surging the accessibility of high-quality and innovative disposable razor blades in emerging markets. Hence, such partnerships are increasing the demand for disposable razor blades, which, in turn, is driving the growth of the market.

Market Analysis by Product Type, Sensitivity Type, End Use, Distribution Channel, and Region:

  • The market, on the basis of product type, can be divided into single blade, double blade, and triple blade.
  • Based on sensitivity type, the industry can be divided into sensitive and non-sensitive.
  • By end use, the market is segmented into men, women, and unisex.
  • The distribution channels for disposable razor blades include online and offline.
  • The regional markets for disposable razor blades include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing beauty-consciousness is leading to a surge in spending on personal grooming products, hence propelling the market for disposable razor blades.
  • The market is being aided by the growing demand for disposable razor blades owing to their convenience, hygiene, and precision and smooth shave offering.
  • The increasing demand for sustainable disposable razor blades made up of recyclable, reusable, and biodegradable materials are augmenting the industry growth.
  • The development of disposable razor blades with enhanced safety and versatile heads for trimming and shaving is fuelling the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for disposable razor blades for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the product types, sensitivity types, end uses, distribution channels, and major regions of disposable razor blades.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global disposable razor blades 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., and FEATHER Safety Razor Co., Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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