Razor blades are thin and flat piece of stainless steel or carbon steel materials, which are sharpened on mostly one or both edges and are put into razor for shaving.
There are two types of blades available in the market currently such as carbon steel blade and stainless steel blade. Demand for stainless steel blade can increase as stainless steel material is among the recyclable materials today.
When it comes to comparison, high carbon steel razors are harder than razors made from stainless steel, however, stainless steel chip less than high carbon. In terms of looks, some individuals prefer clean and shiny look which is best obtained from using stainless razors, on the other hand, some individuals appreciate patina of a high carbon razor blades.
On the basis of end user or application, the razor blades are categorized as Men’s razors and Women’s razor. Out the two, men use razor blades more than women. There are special blades made for women considering delicate skin texture of females as compared to that of men.
$ 2,588.3 Mn
- By Type
- By Region
- By Application
$ 2,889.3 Mn
Razor blades were one of the luxurious products earlier, however, it has become a daily need for global population regardless of gender. Easy availability of razor blades on E-commerce websites has resulted in high adoption and sales of the products. This helps customers to check review, compare products, look for offers, free home delivery, easy payment options, cash on delivery, and easy returns. On the other hand, it supports sales of the company as it can be delivered anywhere.
The market for razor blade worldwide is projected to grow at a compound annual growth rate of around 1.1% over the forecast period and will reach a value of around US$ 2,889.3 Mn in 2028, from US$ 2,588.3 Mn in 2018.
On the basis of geography, the market report will include analysis for North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Demand for razor blades is high globally, however, increasing use of razor blades by stylists and high profile salons in North America is expected to result in ever-inclining revenue growth and high profit margins for players operating in the market. Moreover, presence of major players in countries such as US and Canada in this region will help in accounting for highest revenue share as compared to that of other regions.
In Asia Pacific, especially China, the number of manufacturers are increasing, and focus of these manufacturers to develop and launch new advanced razor blades will drive revenue growth for the players in this region. Moreover, the trend for styling beard or head by creating different beard and hair designs from the recent past is expected to drive demand for the products.
Some of the major players operating & profiled in the global market report include Gillette(P&G), Energizer, BIC, Laser Razor Blades, Lord, DORCO, Supermax, Harry’s(Feintechnik), FEATHER, Benxi Jincheng, Kaili Razor, Ningbo Jiali, Liyu Razor, Shanghai Cloud and Yingjili.