Asia Pacific Razor and Razor Blade Market Size Sharpening at Steady Growth Rate to Touch USD 1.8 Billion by 2029

Published | 27 February 2023

Asia-Pacific razor and razor blade market is flourishing due to consumers’ increasing focus on grooming as income levels rise, growing population in major developing countries in the region, and product innovations, such as nanotech precision blades.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia-Pacific razor and razor blade market size at USD 1,255.78 million in 2022. During the forecast period between 2023 and 2029, the Asia-Pacific razor and razor blade market size is projected to grow at an impressive CAGR of 4.90% reaching a value of USD 1,755.26 million by 2029. Nowadays, the majority of people frequently shave, especially those who work in corporations. Another factor driving up demand for the product is the rising use of razor blades. When cooking, a razor blade is used to open jars, peel vegetables, and curl chocolate for desserts in addition to being used to clip hair from body parts. For aesthetic reasons, enhanced sports performance, personal hygiene, a greater sense of cleanliness, smell better, and to avoid irritating body odor, men and women should both remove their body hair. The most widely utilized method in the fitness industry for emphasizing muscle definition is body hair removal. Women are more self-conscious about their appearance and odor. This encourages people to use razors and safety razors to remove unwanted body hair. These factors will drive the expansion of the razor and razor blade market in Asia Pacific during the forecast period.

Asia-Pacific Razor and Razor Blade Market – Overview

A safety razor is used to shave or remove hair from the face and other body areas. The razor blade is a small, sharp piece of metal (carbon steel or stainless steel). Men all utilized safety razors and razor blades to remove their facial hair in the past all around the world. Given that it provides a straightforward, close shave without irritation, it has gained a lot of popularity. Today, ladies use safety razors and razor blades to remove hair from their legs, arms, and armpits. Some women experience hirsutism, which results in black hair growing in a pattern mimicking men on their faces, backs, and chests. As more women use razors, the demand for razor is expected to increase during the period in analysis.

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Asia-Pacific Razor and Razor Blade Market – By End User

The Asia-Pacific razor and razor blade market is segmented into Men and Women based on the end user. Women are more self-conscious about their appearance and odor. This prompts them to select razors and razor blades to remove unwanted body hair. This is a significant factor driving the growth of the women's razor blade market. On occasion, black hair grows on women's faces for genetic or medical reasons. Many choose to utilize razor blades. As a result, the women's segment is expected to grow at a faster rate during the period in analysis.

Competitive Landscape

Asia-Pacific razor and razor blade market is fiercely competitive. Major competitors in the market include Kai Company Ltd., Feather Safety Razor Co. Ltd., Kaili Razor, Edgewell, Procter & Gamble, Supermax, Shanghai Cloud, Laser Razor Blades, Ningbo Jiali Plastic Co. Ltd., and DORCO Co. Ltd. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Asia-Pacific razor and razor blade market.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia-Pacific Razor and Razor Blade Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia-Pacific Razor and Razor Blade Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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