Razors and Blades Market is Projected to Reach US$ 4372.7 Million by 2032 Report By FMI

Published January 27, 2023

The razor and blades market is expected to surpass a valuation of US$ 3267.26 Mn in 2022. Sales of razor and blades are expected to surge as the healthy CAGR of over 3.0% through 2032.

The disposable razor blades industry is growing due to rising aesthetic consciousness and increased spending on personal grooming products, especially among millennial and Gen-Zs. This is as the disposable razor blades are easy to use, so their recreational use is contributing to the industry’s expansion.

Growing emphasis on sanitation during shaving to prevent skin infection is driving up the use of single-use razor blades, reviving the disposable razor blade business. With the growing need for a precise and smooth shave, disposable razor blades that can provide such benefits are becoming more popular, boosting the market growth.

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Key Takeaways from the Razors & Blades Market Study:

  • Based on product type, double edge segment will witness fastest growth over the forecast period (2022-2032).
  • In terms of material, stainless steel segment is expected to dominate the global razor & blades market.
  • Online retailers segment will gain traction over the forecast period owing to the rising penetration of e-commerce industry
  • China is expected to spearhead the growth in East Asia razor and blades market through 2022 & beyond
  • India will dominate the South Asia razor and blades market over the forecast period (2022-2032)
  • “Rapid urbanisation, improved personal hygiene, greater population density, and the proliferation of transportation networks are triggering a rise in demand for razor blades.”- FMI Analyst said.

Who is winning?

Participants in the worldwide razor blades market have leveraged the use of product launches, collaborations, and acquisitions to expand consumer base and strengthen sales. To draw in

prospective patrons, manufacturers have attempted to employ innovative promotional techniques, marketing, and product debuts.

Major players in the razors and blades products market are Procter & Gamble, Edgewell Personal Care, Dorco, Ltd., Societe, Oscar Razor, Feather Safety Razor Ltd., Harry s INC, Phillips, Wahl Clipper, Dollar Shave Club INC among others.

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Global Razors and Blades by Category

By Product Type:

  • Double Edge.
  • Single Edge

By Material Type:

  • Carbon steel
  • Stainless Steel

By Price Range:

  • Low
  • Medium
  • Premium

By Consumer Orientation: 

  • Men
  • Women

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Departmental Stores
  • Online Retailers
  • Drug & Pharma
  • Other Sales Channel

Explore FMI’s Extensive Ongoing Coverage on Consumer Product Domain:

Contact Lenses Market: The contact lenses market is estimated at USD 9.6 billion in 2023 and is projected to reach USD 15.2 billion by 2033, at a CAGR of 4.7% from 2023 to 2033. The share of the contact lenses market in its parent market (eyewear market) is approximately 5% to 7%.

Electric Toothbrush Market:Global demand for the electric toothbrush is expected to register a CAGR of 7.8% by garnering a market value of US$ 9.8 billion by 2033. The market is currently estimated to hold a value of US$ 4.6 billion in 2023.

Skin Care Devices Market:The skin care devices market is estimated to be valued at US$ 23.8 Bn in 2023 and is projected to grow to US$ 101.5 Bn by 2033. The sales of skin care devices grow at a significant CAGR of 15.6% during the forecast period.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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