Global Razor Blade Market Is Expected To Reach $2556.20 Million By 2023 From $2538.65 Million In 2018
Friday, 15 Nov, 2019
Razor Blade industry is relatively concentrated, manufacturers are mostly in the North America, Europe and APAC. Among them, North America sales value accounted for more than 38.06% of the total output value of global Razor Blade in 2017. Gillette (P&G) is the world leading manufacturer in global Razor Blade market with the market share of 70.06%, in terms of revenue, followed by Edgewell Personal Care, BIC, Laser Razor Blades and Lord.
Compared to 2016, Razor Blade market managed to increase sales by 0.31 percent to 2569.58 million USD worldwide in 2017 from 2561.54 million USD in 2016. Overall, the Razor Blade market performance is positive, despite the weak economic environment.
The global Razor Blade market is expected to reach $2556.20 million by 2023 from $2538.65 million in 2018, growing at a CAGR of 0.14% from 2018 to 2023. And North America market is expected to keep being the biggest market with sales market share of 33.20% in 2023, in terms of sales.
With the increasing in production capacity, expected that the Razor Blade raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of Razor Blade.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
The average price of Razor Blade will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and cost of raw materials.