The global razor blade market was valued at $2,189.0 million in 2020, and is estimated to reach $2,351.3 million by 2028, registering a CAGR of 1.1% from 2021 to 2028.
Razor blade is a small and thin piece of sharp metal made of either stainless steel or carbon steel, which is generally used in a safety razor for shaving or removing facial hair and body hair. Traditionally, it was used by men for removing facial hair, but now it is also used for removing hair from various body parts, such as chest, arms, legs, and armpits, by both men and women.
The growing awareness regarding personal hygiene and grooming is increasing the demand for razor blades across the globe. The need for removing body hair arises due to reasons such as personal hygiene, increased feeling of cleanliness, to smell better & avoid unpleasant body odor, aesthetic reasons, and to improve athletic performance. Moreover, the demand for razor blade is growing among women as they are much concerned about their physical appearance and body odor. Therefore, women opt for removing unwanted body hair to improve their appearance. Some women suffer from excess body hair growth due to some medical or genetic issues and they grow dark hair in male-like pattern on face, chest, and back. They need to shave their hair often that further contributes to the increased demand for razor blade.
Razor blade provides cost-effective shaving for lifetime. A quality safety razor can last up to a lifetime. Razor blade is a low-priced complementary product used mainly with safety razors. A consumer only acquires safety razor once and the razor blade is used as a refill. One razor blade lasts up to a week depending on the hair growth of the user. Further, a razor blade can be easily disposed without harming the environment as compared to plastic cartridge refill blades. Therefore, the demand for razor blade is growing among consumers as it provides clean shave at cheaper price.
The growing grooming and salon industry contributes to the growth of the razor blade market. Rapid urbanization in emerging nations is leading to the growth of commercial grooming places such as spas, salons, and beauty parlors. With the growth of these commercial grooming spaces, the demand for razor blade is expected to increase.
Despite high demand for razor blade across the globe, the razor blade market is facing severe challenges due to certain reasons such as growing popularity of beard look, availability of trimmers, epilators, & electric shavers, and rising popularity of global trends such as ‘No Shave November’. In 2020, Gillette blamed the popularity of ‘beard look’ among millennial men to be one of the key reasons for its falling razor sales. Moreover, recently due to the outbreak of COVID-19, work from home culture has gained immense traction. This drastically affected the razor blade market as people tend to avoid much grooming as they work from the comfort of their homes. These are the major challenges restraining the growth of the global razor blade market across the globe.
The global razor blade market is segmented on the basis of type, blade material, end user, distribution channel, and region. On the basis of type, the razor blade market is bifurcated into single edge and double edge. By blade material, it is classified into carbon steel and stainless steel. By end user, it is segregated into men and women. On the basis of distribution channel, it is fragmented into supermarkets/hypermarkets, departmental stores, convenience stores, and online. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, Poland, the Netherlands, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, the UAE, and the rest of LAMEA).
Players operating in the global razor blade market have adopted various developmental strategies to expand their market share and increase profitability in the market. The key players profiled in this report include BIC, Dorco, Edgewell, Feather Safety Razor Co. Ltd., Kaili Razor, Kai Company Ltd., Lord International Corporation, Malhotra, Procter & Gamble, and Supermax.
Razor blade is a small and thin piece of sharp metal made of either stainless steel or carbon steel, which is generally used in a safety razor for shaving or removing facial hair and body hair. Traditionally, it was used by men for removing facial hair, but now it is also used for removing hair from various body parts, such as chest, arms, legs, and armpits, by both men and women.
The growing awareness regarding personal hygiene and grooming is increasing the demand for razor blades across the globe. The need for removing body hair arises due to reasons such as personal hygiene, increased feeling of cleanliness, to smell better & avoid unpleasant body odor, aesthetic reasons, and to improve athletic performance. Moreover, the demand for razor blade is growing among women as they are much concerned about their physical appearance and body odor. Therefore, women opt for removing unwanted body hair to improve their appearance. Some women suffer from excess body hair growth due to some medical or genetic issues and they grow dark hair in male-like pattern on face, chest, and back. They need to shave their hair often that further contributes to the increased demand for razor blade.
Razor blade provides cost-effective shaving for lifetime. A quality safety razor can last up to a lifetime. Razor blade is a low-priced complementary product used mainly with safety razors. A consumer only acquires safety razor once and the razor blade is used as a refill. One razor blade lasts up to a week depending on the hair growth of the user. Further, a razor blade can be easily disposed without harming the environment as compared to plastic cartridge refill blades. Therefore, the demand for razor blade is growing among consumers as it provides clean shave at cheaper price.
The growing grooming and salon industry contributes to the growth of the razor blade market. Rapid urbanization in emerging nations is leading to the growth of commercial grooming places such as spas, salons, and beauty parlors. With the growth of these commercial grooming spaces, the demand for razor blade is expected to increase.
Despite high demand for razor blade across the globe, the razor blade market is facing severe challenges due to certain reasons such as growing popularity of beard look, availability of trimmers, epilators, & electric shavers, and rising popularity of global trends such as ‘No Shave November’. In 2020, Gillette blamed the popularity of ‘beard look’ among millennial men to be one of the key reasons for its falling razor sales. Moreover, recently due to the outbreak of COVID-19, work from home culture has gained immense traction. This drastically affected the razor blade market as people tend to avoid much grooming as they work from the comfort of their homes. These are the major challenges restraining the growth of the global razor blade market across the globe.
The global razor blade market is segmented on the basis of type, blade material, end user, distribution channel, and region. On the basis of type, the razor blade market is bifurcated into single edge and double edge. By blade material, it is classified into carbon steel and stainless steel. By end user, it is segregated into men and women. On the basis of distribution channel, it is fragmented into supermarkets/hypermarkets, departmental stores, convenience stores, and online. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, Poland, the Netherlands, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, the UAE, and the rest of LAMEA).
Players operating in the global razor blade market have adopted various developmental strategies to expand their market share and increase profitability in the market. The key players profiled in this report include BIC, Dorco, Edgewell, Feather Safety Razor Co. Ltd., Kaili Razor, Kai Company Ltd., Lord International Corporation, Malhotra, Procter & Gamble, and Supermax.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2020 to 2028 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the market size & segmentation assist to determine the prevailing razor blade market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the market.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the razor blade industry.
Frequently Asked Questions about the Global Razor Blade Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 246 |
| Published | July 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 2189 million |
| Forecasted Market Value ( USD | $ 2351.3 million |
| Compound Annual Growth Rate | 0.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: RAZOR BLADE MARKET, BY TYPE
CHAPTER 5: RAZOR BLADE MARKET, BY BLADE MATERIAL
CHAPTER 6: RAZOR BLADE MARKET, BY END USER
CHAPTER 7: RAZOR BLADE MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: RAZOR BLADE MARKET, BY REGION
CHAPTER 9: COMPETITION LANDSCAPE
CHAPTER 10: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- Dorco
- Edgewell
- Feather Safety Razor Co. Ltd.
- Kaili Razor
- Kai Company Ltd.
- Lord International Corporation
- Malhotra
- Procter & Gamble
- Supermax.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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