Razor Blade Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global razor blade market is anticipated to grow at a CAGR of 1.5% during the forecast period (2022-2028). It is a thin sharp piece of metal (carbon steel/stainless steel) that is put in a safety razor and used for shaving or removing hair from the face and other body parts. The major factor expected to drive the market growth is the rising focus on personal grooming and the surging disposable income of people. In addition, men and women need to shave their body hair owing to personal hygiene, increased feeling of cleanliness, smell better and avoid unpleasant body odor, aesthetic reasons, and improved athletic performance. Furthermore, an increase in awareness among the population regarding personal hygiene coupled with changing lifestyles, growing consciousness about physical hygiene and physical appearance among women as well as men, and the increasing need for on-the-go grooming solutions are further propelling the growth of the market during the forecast period.

Some major players in the market include Dorco Co., Ltd., Edgewell Personal Care, and Procter & Gamble Co., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in November 2021, Edgewell Personal Care announced the acquisition of Billie In, a US-based consumer brand company. The acquisition is to offer a broad portfolio of personal care products for women. Further, in February 2021, Gillette a part of Procter & Gamble announced the launch of planet kind, a new shaving and skincare brand that uses 85% recycled paper, 85% recycled plastic, or infinitely recyclable aluminum in its packaging, and a razor handle composed of 60% recyclable plastic is also part of the assortment.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Blade Material
•By End-User
•By Distribution Channel
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Dorco Co., Ltd., Edgewell Personal Care, and Procter & Gamble Co., among others.

A full report Razor Blade Market of is available at:  https://orionmarketreports.com/razor-blade-market/107738/

Global Razor Blade Market Report by Segment
By Type
•Single Edge
•Double Edge
By Blade Material
•Carbon Steel
•Stainless Steel
By End-User
•Men
•Women
By Distribution Channel
•Supermarkets/Hypermarkets
•Departmental Stores
•Convenience Stores
•Online

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 

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This release was published on openPR.