Global Razor Market to Reach a Value of USD 20,866.6 Million by 2028

According to the latest research by SkyQuest Technology, the Global Razor Market was valued at USD 17,405.4 Million in 2021, and it is expected to reach USD 20,866.6 Million by 2028, with a CAGR of 2.0% during the forecast period of 2022-2028.
A razorblade is a thin, sharp piece of carbon or stainless-steel metal that is inserted into a razor and used to shave or remove hair from the face and other body parts. In the past, men all around the world utilized security razors with razor blades attached to the side to remove facial hair. It achieved considerable quality because it offers a simple, close shave with no aggravation.

Nowadays, women remove hair from their legs, arms, and armpits using safety razors and razor blades. The use of razors is expected to expand at the fastest rate in the near future in the global razer market due to the growing population. This can mostly be ascribed to the fact that this region is the densely populated in the entire world and several of the countries there are experiencing rapid urbanization. Additionally, the cost of personal care products is steadily rising in this region, which has a positive knock-on effect on the region's razor sales. The increased global emphasis on personal grooming is one of the key factors driving the demand in the global razor market. Women are more concerned with how they appear and how they smell. They are inspired to produce razors and razor blades in order to remove unwanted hair as a result. This is one of the main factors influencing the growth of the female segment of the razor blade industry. Sometimes girls with dark facial hair have underlying medical or genetic issues. They are forced to accept the razor blades by this. Consequently, it is projected that in the upcoming years, the female phase would expand the fastest.

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Read market research report, " Global Razor Market By Product Type (Cartridge Razors/Electric Razors/Disposable Razors/Others), By Distribution Channel (Hypermarkets & Supermarkets/Online Stores/Convenience Stores/ Others), & By Region - Forecast and Analysis 2022-2028" by SkyQuest
As per product type, electric, disposable, and cartridge razors are expected to hold a share of the razor market. Electric razors preserve stubble sweet spots, protect delicate skin, and save valuable time.

Compared to straight or electric razors, disposable razors are much safer and don't require breaking into. Cartridge razors are preferred because they offer a less-close shave, which reduces the danger of cuts and nicks while still providing a quick shave. In comparison to internet channels, offline channels including traditional convenience stores, supermarkets, and hypermarkets have a bigger market share globally. Through these offline channels, a large range of brands and items are offered, and customers can physically inspect and compare things before making a purchase. The large, well-established client base of online shops and applications like Nykaa, Purplle, and Amazon has greatly aided in the expansion of this market. Major factors propelling product sales through online channels include the rise in internet users, the availability of products on these platforms around-the-clock, the prevalence of discounts and deals, and convenience of access.

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As consumers' awareness of aesthetics and the use of personal grooming products rises, particularly among millennial and Gen-Z consumers, the disposable razor market is growing. This is due to the ease of use of disposable razor blades, which is assisting in the market's expansion through recreational use. The market for disposable razor blades is experiencing a revival as a result of greater emphasis on hygiene during shaving to prevent skin diseases. The demand for a close, smooth shave is growing, which is fueling demand for disposable razor blades that may offer these benefits. The sustainability movement is driving up demand for disposable razor blades composed of reusable, recyclable, and biodegradable materials, which is accelerating market expansion. This company is growing as a result of the use of recycled steel in disposable razor blades to improve energy efficiency and sustainability.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

What does this Report Deliver?
• Market Estimation for 20+ Countries
• Razor Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Razor Market Trends
• Comprehensive Mapping of Razor Industry Parameters
• Attractive Investment Proposition in the Global Razor Industry
• Competitive Strategies Adopted by Razor Market Key Players
• Drivers, Restraints, Opportunities, Challenges and the impact on the Razor Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Razor market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Razor Market Sales
• Parent market analysis
• Product portfolio benchmarking

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SkyQuest has segmented the Global Razor Market based on Product Type, Distribution Channel, and Region:
● Global Razor Market by Product Type (Revenue, USD Billion, 2021 - 2028)
o Cartridge Razors
o Electric Razors
o Disposable Razors
o Others
● Global Razor Market by Distribution Channel (Revenue, USD Billion, 2021 - 2028)
o Hypermarkets & Supermarkets
o Online Stores
o Convenience Stores,
o Others
● Global Razor Market by Region (Revenue, USD Billion, 2021 - 2028)
o North America
▪ US
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA

Key Players in the Global Razor Market
• The Procter & Gamble Company (US)
• Edgewell Personal Care Company (US)
• Dorco Co. Ltd. (Korea)
• Societe BIC S.A.(France)
• OSCAR RAZOR(US)
• Feather Safety Razor Co. Ltd. (Japan)
• Harry's Inc. (US)
• Koninklijke Philips N.V.(Netherlands)
• Wahl Clipper Corporation (US)
• Dollar Shave Club Inc.

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This release was published on openPR.