Soap Dispenser Market is Anticipated to Witness a Rapid Growth Through 2025
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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