Category : Consumer Goods | Published Date : Jul 2023
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.
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
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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 |
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.