Razor and Blade Market

Razor and Blade Market Outlook 2024 to 2034

The Razor and Blade Market share is estimated to show consistent growth throughout the forecast period, expanding at a CAGR of 4%. The razor and blade market value is expected to expand from USD 3,540.8 million in 2024 to USD 5,218.7 million by 2034.

Attributes	Key Insights
Estimated Razor and Blade Market Size (2024E)	USD 3,540.8 million
Projected Razor and Blade Industry Value (2034F)	USD 5,218.7 million
Value-based CAGR (2024 to 2034)	4%

Evaluating Recent Trends in the Razor and Blade Market

• Growing demand for disposable razor blades, owing to increasing aesthetic consciousness and surging expenditure on personal grooming products, particularly among Gen-Zs and millennials. High convenience factors with the use of disposable razors are also supporting product sales.
• Increasing emphasis on sanitation practices while shaving to avoid skin infection is driving up the sales of single-use razor blades.
• Customers seek precision and smoothness in shaving, making razors and blades a popular commodity to achieve the desired results.
• Key players are focusing on developing razor blades with versatile heads and easy adaptability to be used in other parts as well.
• The expanding sustainability movement is creating demand for throwaway razor blades that are made of recyclable, reusable, and biodegradable materials.

Category-wise Razor and Blade Market Share Analysis

Double Edge Razors are Highly Preferred Razors and Blades

Leading Product Type	Double Edge Razors
Value Share (2024)	46.30%

Based on product type, the double-edge razors are estimated to account for a value share of 46.30% in 2024. Growth of this segment is propelled by:

• The use of double-edge razors for extensive applications and their general affordability are contributing to their spike in demand. These razors are developed for all skin types, making them a frugal substitute since they can be used for more than once.
• Rising interest in golden blades composed of rustproof metals.
• Availability of international and domestic brands, including but not restricted to Braun and Philips, is expected to contribute to this segment’s growth.

Stainless Steel Alloys to Capture a Sizeable Market Share

Leading Material Type	Stainless Steel Alloys
Value Share (2024)	61.80%

By material type, the stainless-steel alloys segment is expected to acquire a notable market share of 61.80% in 2024. Prominent factors that are contributing to the segment’s growth are:

• Increasing demand for stainless steel blades owing to their higher material quality, which improves corrosion resistance. Thus, giving it an advantage over other material types.
• Customers are rapidly opting for these razors as they are usable for longer periods.

Leading Players Focusing on Selling Their Products on eCommerce Sites to Meet the Rising Demand

Based on sales channels, the online retailers’ segment is projected to expand at a greater pace over the forecast period. Key aspects that are compelling the segment’s expansion are:

• Rapid online sales of beauty products and cosmetics on online sites and apps like Purplle, Nykaa, and Amazon.
• Factors like increasing internet users, 24/7 availability of products, year-round availability of products, simple accessibility, and discounts on online channels are expected to propel the segment growth.

Razor and Blade Market Analysis by Country

Countries	Forecast CAGR (2024 to 2034)
The United States	2.70%
France	3.10%
India	4.80%
China	3.60%
Australia	5.00%

Market Players in the United States are Encouraging Product Sales by Stirring Emotions of Self-love

The United States razor and blade market is projected to expand at a CAGR of 2.7% through 2034. Growth contributors for this market are:

• Influential advertising is being used by providers of razors and blades to appeal to diverse emotions of the audience to propel them to buy the product. For instance, to capture female customers, players are advertising products and campaigning messages that arouse feelings like fear, shame, and love. This strategy helps increase sales of a product that has been available to just men in the past.
• Leading companies in the market are developing eco-friendly razors to appeal to environment-conscious customers.
• Release of new razors and blades in the market as a go-to strategy for market players. For instance, the Philips Norelco Men’s Grooming line offers an innovative 360 blade that can flex in all directions to adapt to the contours of a human face.

Market in India is Impacted by the Presence of Online Platforms that Provide Razor Blades at Economical Prices

The razor and blade market in India is expected to register a CAGR of 4.8% through 2034. The market is driven by the following factors:

• Increasing popularity of hair removal equipment in India is expected to propel market growth.
• Rising presence of leading players of razors and blades like Procter & Gamble in India is encouraging competition and innovation in the market.
• Leading companies are designing razors and blades with advanced technologies to provide a comfortable shaving experience to shavers.
• Customers in India prefer to buy razor blades online at economical prices from the selection in the health and personal care segment.

Competitive Pricing of Razors and Blades in China to Enhance the Regional Market’s Projections

Sales of razors and blades in China are projected to record a CAGR of 3.6% from 2024 to 2034. Key factors that are propelling the market growth are:

• Key players are expanding their manufacturing capacities to meet the increasing demand for razors and blades.
• Rising demand for high-quality consumer products like razors and blades to appreciate the market’s value.
• Industry participants are innovating and investing in research and development activities to facilitate new product development.
• Companies enjoy economies of scale in China due to cheap labor and offer competitive pricing to their customers.
• Several China-based players in the market are enhancing the market scope. Some of the leading companies are Ningbo Haward Company, Xirui Manufacturing, and Ningbo Jiali Plastics Co., Ltd.

Key Players to Enjoy Substantial Growth Prospects in Australia

The razor and blade market in Australia is estimated to expand at a CAGR of 5% over the forecast period. Factors that are inducing market growth are:

• Easy accessibility of razors and blades at many places in Australia, including online retailers and stores.
• Online retailers like Beard and Blade offer a collection of razor blades and rapidly deliver their offerings across Australia.
• Key players in the market are offering a collection of razor blades that provide precision for every shave. Thus, improving the grooming experience of customers.

Development of Eco-friendly Razors and Blades in France to Enhance the Market Outlook

Demand for razors and blades in France is expected to record a CAGR of 3.1% from 2024 to 2034. Growth-inducing factors for this market’s growth include:

• Rising demand for safety razor blades made of high-quality materials like wood and horn as they are sumptuous and eco-friendly. Safety razors are typically made of a single blade and they can decrease the chances of cuts while shaving and have the particularity of providing a close shave that does not cause skin irritation.
• Increasing presence of leading brands of disposable razors in France as users for the product continue to surge.

Competitive Landscape

Key players are employing different strategies to remain competitive in the market. A key tactic to retain customer excitement is to introduce new blades with progressive features like multiple blades, ergonomic handles, and lubrication strips. This also serves the rising demand for a smoother and more comfortable shaving experience.

Market participants are continuously innovating material science and blade design to increase sharpness and durability, and reduce irritation. These specialized products are built to suit sensitive skin, women, or different beard styles.

Industry contenders are utilizing targeted marketing campaigns on social media platforms to gather the attention of certain demographics. Key players are further implementing loyalty programs, bundle offers, and subscriptions to motivate repeat purchases and customer retention. Apart from this, brands are collaborating with celebrities and influencers to advertise their products to a wider population.

Latest Developments in the Razor and Blade Market

• In February 2024, Gillette made its entry into the super-premium category with the release of its one-of-a-kind razor.
• In August 2020, a new study by MIT engineers was announced in which the engineers studied how a simple act of shaving the hair can damage the razor as it cuts human hair, which is 50X softer than steel. The team’s findings can help companies to preserve the blade’s sharpness. For instance, manufacturers can consider developing knives from homogenous materials to make the blade last longer.

Key Coverage in the Global Razor and Blade Market Research Report

• Price Estimates of Razors and Blades
• Business Model Followed by Leading Providers of Razors and Blades
• Adjacent Study of Men's Disposable Razors and Blades, Women's Razor Market, Disposable Razor Blades Market
• In-depth Insights into Segments Like Double Edge Razor Blades
• Analysis of the Opportunistic Scope in the Asia Pacific Razor and Razor Blade Market

Key Players in the Razor and Blade Market

• Proctor & Gamble
• Edgewell Personal Care Company
• DORCO CO, LTD.
• Panasonic Holdings Corporation
• Oscar Razor
• FEATHER Safety Razor Co., Ltd.
• HARRY'S, INC.
• Koninklijke Philips N.V.
• WAHL
• DOLLAR SHAVE CLUB
• Others

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
  • 5.1. Double Edge Razors and Blades
  • 5.2. Single Edge Razors and Blades
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type
  • 6.1. Carbon Steel
  • 6.2. Stainless Steel
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Price Range
  • 7.1. Low Price
  • 7.2. Medium Price
  • 7.3. Premium Price
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation
  • 8.1. Men
  • 8.2. Women
• 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel
  • 9.1. Hypermarkets/ Supermarkets
  • 9.2. Convenience Stores
  • 9.3. Specialty Stores
  • 9.4. Departmental Stores
  • 9.5. Online Retailers
  • 9.6. Other Sales Channel
• 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 10.1. North America
  • 10.2. Latin America
  • 10.3. Western Europe
  • 10.4. Eastern Europe
  • 10.5. South Asia and Pacific
  • 10.6. East Asia
  • 10.7. Middle East and Africa
• 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 18. Key Countries Market Analysis
• 19. Market Structure Analysis
• 20. Competition Analysis
  • 20.1. Proctor & Gamble
  • 20.2. Edgewell Personal Care company
  • 20.3. DORCO CO, LTD.
  • 20.4. Panasonic Holdings Corporation
  • 20.5. Oscar Razor
  • 20.6. FEATHER Safety Razor Co., Ltd
  • 20.7. HARRY'S, INC.
  • 20.8. Koninklijke Philips N.V.
  • 20.9. WAHL
  • 20.10. DOLLAR SHAVE CLUB
• 21. Assumptions & Acronyms Used
• 22. Research Methodology