Global Razor Blade Market growing at a CAGR of 3.7% from 2023 to 2030
Category : Consumer Goods | Published Date : Jul 2023 | Type : Press Release
Key Market Overview
The razor blade market is expected to gain significant growth in the forecast period of 2023 to 2030. Consegic Business Intelligence analyzes that the market was 3,260.00 million in 2022 and is expected to reach the market size of USD 4,342.94 million in 2030 with a compound annual growth rate of 3.7%.
The report highlights the increasing adoption of the razor blade personal grooming sector, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the razor blade market.
Global Razor Blade Market By Overview
The razor blade market is bifurcated into grade, material, end user, and distribution channel. Based on grade the market is segmented into disposable razors, cartridge razors, electric razors, safety razors, and straight razors. In 2022, the disposable razors segment dominated the overall razor blade market. The material segment is categorized into carbon steel and stainless steel. In 2022, the stainless steel segment accounted for the highest market share in the razor blade market. The end-user segment is categorized into men and women. In 2022, the men segment accounted for the highest market share in the razor blade market. Based on distribution channel the market is segmented into online and offline. In 2022, the offline segment dominated the overall razor blade market
Get Free SampleMarket Dynamics
Driver:
- The rising concern among the population about their appearance and hygiene is benefiting the razor blad market growth.
- The rise of e-commerce is accelerating the growth of the razor blade market.
Restraints:
- The presence of alternative hair removal methods such as waxing, threading, and laser hair removal are serving as the major restraining factor in the global razor blade market.
- The growing concern regarding the environmental impact of disposable razor blade is likely to hamper the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Grade | Disposable Razors, Cartridge Razors, Electric Razors, Safety Razors, and Straight Razors |
| By Material | Carbon Steel and Stainless Steel |
| By End User | Men and Women |
| By Distribution Channel | Online and Offline (Supermarkets/Hypermarkets, Departmental Stores, Convenience Stores, and Others) |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as BIC USA INC., Dorco Co, Ltd., Edgewell Personal Care, and Feather Safety Razor Co. ltd. have a strong market position in current market circumstances. Further, the Razor Blade market is expected to witness significant growth in the coming years due to the increasing need for personal grooming and hygiene. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in razor blade are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- BIC USA INC.
- Dorco Co, Ltd.
- Edgewell Personal Care
- Feather Safety Razor Co. ltd.
- Kaili Razor
- Kai Corporation.
- Lord International Co.
- Supermax
- Harru's Inc.
- MERKUR Stahlwaren
