Soap Dispenser Market Size | Growth, Share, Trends, Opportunities and Focuses on Top Players, forecast year 2027
Global Soap Dispenser Market Overview:
The global Soap Dispenser Market has registered enormous
growth in the past few years. The market's growth is mainly credited to
consumers' growing awareness of hand hygiene etiquette. Furthermore, the
increasing number of harmful infectious diseases such as COVID-19, H1N1, and
Ebola is also anticipated to boost the demand for these soap dispensers
worldwide. Moreover, the factors such as the advent of innovative and
designable soap dispensers, changing lifestyles, and rising purchasing power
are also projected to catalyze the growth of the soap dispensers market over
the forecasted era. On the other hand, the increasing number of counterfeit
products during a global crisis and increasing prices are anticipated to impede
the market's growth.
As per the MRFR reports, the global Soap
Dispenser Market Size is projected to thrive at a
healthy CAGR of approximately 9.1% during the forecasted era from 2020 to 2027.
The report states that the market was valued at USD 3.15 Billion in 2019.
Regional Analysis:
The global soap dispenser market is studied across five
major regions: North America, Europe, Asia-Pacific, South America, and the
Middle East & Africa.
As per the MRFR reports, in 2019, the North American region
led the global soap dispenser market globally. The regional market's growth is
attributed mainly to the strong prevalence of hand hygiene etiquette.
Furthermore, the presence of some of the key players concentrated in soap
dispensers across the US is also likely to boost the regional market's growth.
The soap dispenser market for the European region is
projected to register substantial growth over the assessment era.
The Asia-Pacific regional market for soap dispensers is
likely to offer numerous growth opportunities to the players across the region
over the forecasted era. The wild spread of global pandemics such as COVID-19
is projected to boost the demand for soap dispensers across the regional
market. Moreover, the factors such as the rising number of emerging economies
and increasing purchasing capacity are anticipated to catalyze the regional
market's growth over the forecasted era.
Competitive Analysis:
The global Key Soap Dispenser Market Players has an
incredibly competitive landscape. The players across the market are focusing on
developing new and advanced products to meet the growing demands worldwide. The
global soap dispensers’ market has leading players such as ASI American
Specialties, Inc. (US), Hokwang Industries Co., Ltd. (Taiwan), Kohler Co. (US),
Shresmo (India), CERA Sanitaryware Limited (India), GOJO Industries, Inc. (US),
TOTA Ltd. (Japan), American Specialties, Inc. (the US), Bobrick Washroom
Equipment, Inc. (the US), Jaquar Group (India), and several others.
Segment Analysis:
The global Soap
Dispenser Market Overview has been segregated into numerous
segments based on type, end-user, mode of operation, distribution channel, and
region.
The global soap dispenser market is divided into countertop
and wall-mounted based on type.
The global market for soap dispensers is split into
automatic and manual based on the mode of operation.
The global soap dispenser market is split into commercial
and residential based on end-user.
The global market for soap dispensers is split into
non-store-based and store-based by distribution channel.
Recent Developments:
• August 2021- Amazon has announced the launch of a smart
soap dispenser, which helps you make sure you're washing your hands right. The
USD54.99 soap dispenser has lights on the top, which gradually count down 20
seconds, to make sure you've washed your hands for the CDC-recommended minimum
amount of time. It also functions with Amazon Echo devices, which means you can
set an Echo speaker to play music, tell you a joke, the weather, or something
else.
• August 2021- Eddi has produced a completely plastic-free
hand washing system, which comprises a stainless-steel dispenser alongside refills
that come in lightweight aluminum bottles, which can be easily recycled. While
sustainability is a key seller, the brand also wants to excite customers with
its aesthetics. The brand collaborated with Box Clever to produce an elegant,
minimalist bottle developed to elevate bathroom and kitchen sinks.
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