Global Soap Dispenser Market Overview:
As per the MRFR reports, the global soap dispenser market 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.
The global Soap Dispenser Market Insights 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.
Segment Analysis:
The global soap dispenser market 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.
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.
Regional Analysis:
The global Soap Dispenser Market Outlook 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.
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.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
