Rising concern regarding hand hygiene and prevalence of infectious dieses including COVID-19 are acting as key growth drivers for global soap dispenser market.
According to TechSci Research report, “Global Soap Dispenser Market By Type (Wall-Mounted, Counter-Mounted), By Product Type (Manual, Automatic), By Capacity (<250 ml, 250ml to 500 ml, And 500ml to 1000 ml), By Soap Type (Foam Soap, Liquid Soap), By End User (Residential, Commercial (Hospitals, Airports, Schools, Hotels & Restaurants, Others), Others), By Distribution Channel (Online, Offline (Hypermarkets/ Supermarkets, Independent Retailers, Pharmacies and Drugstores, Convenience Stores, Cash and Carry Stores, and Department Stores), By Region, Forecast & Opportunities, 2025”, the market is expected to grow at a significant CAGR during the forecast period. Key factors propelling the growth of global soap dispenser market are increasing prevalence of infectious and communicable dieses such as COVID-19, Ebola, etc. around the world coupled with rising concern pertaining to hand hygiene. The growing awareness towards cleanliness and hygiene among consumers is creating high demand for soap dispensers as compared to soap bars as the later can be enormously unhygienic in public restrooms. Furthermore, World Health organization has also directed frequent hand washing as the best method to contract the spread of global pandemic coronavirus. This is acting as a major growth factor for global soap dispenser market.
Additionally, availability of advanced and wide variety of soap dispensers are leading to spike in their sale. Manufacturers are also coming up with technologically advanced and innovative soap dispensers to provide 100 per cent contact less hand washing practices. Moreover, rising disposable income and growing popularity of modular and luxurious bathrooms are also supporting the growth of global soap dispenser market. Apart from this, soap dispensers are increasingly being installed at public places such as restrooms, public toilets and community parks. Furthermore, soap dispensers are gaining demand from commercial sectors like offices, hotels, restaurants and schools. All these factors are expected to propel the growth of global soap dispenser market through 2025.
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The global soap dispenser market is segmented based on type, product type, capacity, soap type, end user, distribution channel and region. Based on product type, the market can be segmented into manual and automatic soap dispensers. Among them, the automatic segment is expected to witness significant CAGR during the forecast period as they comprise sensing device which provides hands-free usage, thus ensuring less contact with germs and bacteria while using the soap dispenser.
Based on distribution channel, global soap dispenser market is segmented into offline and online market. The offline market is further segmented into hypermarkets/ supermarkets, independent retailers, pharmacies and drugstores, convenience stores, cash and carry stores and department stores. Among them, the online segment is expected to undergo fastest growth during the forecast period on account of increasing digitalization and growing preference of consumers to shop online. Moreover, the availability of wide range of soap dispensers and major discounts offered by e-commerce sites are making the segment a leading distribution channel.
Major players operating in the global soap dispenser market are ORCHIDS INTERNATIONAL, American Specialties, Inc., ZAF ENTERPRISES, BRIGHT PANCAR SDN. BHD, Askon Hygiene Products Pvt., Shenzhen SVAVO Intelligent Technology Co.,Ltd., Hokwang Industries Co., Liberty Industrie, Kutol Products and Bobrick Washroom Equipment, Inc. Leading companies are undergoing growth strategies such as new product launches, collaborations and partnerships to strengthen their position in global market.
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“North America dominated the global soap dispenser market in 2019 owing to high per capita disposable income, presence of large number of commercial buildings and existence of leading manufactures in the region. However, Asia Pacific is expected to contribute to high revenue through 2025 on account of growing consumer awareness towards personal health and hygiene. Also, governments in countries like India and South Korea are taking initiatives to inculcate frequent hand washing habits among citizens. This is further expected to support the growth of global soap dispenser market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Soap Dispenser Market By Type (Wall-Mounted, Counter-Mounted), By Product Type (Manual, Automatic), By Capacity (<250 ml, 250ml to 500 ml, And 500ml to 1000 ml), By Soap Type (Foam Soap, Liquid Soap), By End User (Residential, Commercial (Hospitals, Airports, Schools, Hotels & Restaurants, Others), Others), By Distribution Channel (Online, Offline (Hypermarkets/ Supermarkets, Independent Retailers, Pharmacies and Drugstores, Convenience Stores, Cash and Carry Stores, and Department Stores), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of soap dispenser market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global soap dispenser market.
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