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According to Future Market Insights (FMI), 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:
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
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3.1. Key Trends Impacting the Market
Explore FMI’s Extensive ongoing Coverage of Consumer Product Domain
Pet Insurance Market The global pet insurance market is projected to reach ~US$ 15 Bn by the end of 2029. The market was valued at ~US$ 4 Bn in 2019. If these figures hold true, the market will exhibit a CAGR of ~8.5% between 2019 and 2029. Regionally, North America is expected dominate the pet insurance market.
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Hand Sanitizer Market As per newly released data by Future Market Insights (FMI), the Hand Sanitizer Market is estimated at 1.62 USD billion in 2022 and is projected to reach 2.81 USD billion by 2030, at a CAGR of 6.59% from 2015 to 2030.
DIY Haircut Kits Market Clipper & trimmer kit holds relatively high value share as compared to scissors set. Cordless clipper & trimmer kit remains highly preferred over their corded counterparts, primarily driven by the usage of battery rather than direct power source, which make it is easier to carry at any place.
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Tea-based Skin Care Products Market The global tea-based skin care products market size is forecast to top US$ 536.4 Mn in 2022. Rising expenditure in natural personal care and beauty products across the globe will boost sales at a robust 8.7% CAGR, with the market valuation reaching US$ 1229.7 Mn in 2032.
Deodorant Stick Market The overall demand in the global deodorant stick market is projected to increase at 7.1% CAGR between 2022 and 2027, topping a valuation of US$ 1,913.4 Mn by 2022.
Cosmeceutical Ingredients Market The global cosmeceutical ingredients market will surpass ~US$ 12 Bn in terms of value in 2027 with a CAGR of ~9% during the forecast.
Adult Diapers Market The global adult diapers market is poised to expand at over 6.9% CAGR, surpassing US$ 34.10 Bn through 2032. Growth in the market is expected to surge with rising prevalence of incontinence across the globe.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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