The global soap dispenser market is expected to reach at USD 1.84 billion by 2027 with a CAGR of 5.3%, according to a new report by Grand View Research, Inc. The growing demand for soap dispensers in social and public places triggers the market growth in the forthcoming years. Awareness in the consumer market tripled the demand for bathroom and sanitary wares in the past few years.
The growing risk of contraction in the social places and presence of harmful bacteria is driving the demand for soap dispensers all these years. Moreover, soap dispensers prove ideal for such scenarios. Environmental contamination and presence of contagious germs tend to affect the population health resulting into outbreak of viral diseases. To counter this, soap dispensers resist the spread of virus and germs.
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Amid the Covid-19 effect, the demand for soap dispensers have been on rise. Social distancing regulation and norms have been instrumental in the demand for soap dispensers at social places. Moreover, the unlock of hotels and restaurants have triggered the demand. At many places, restaurants have made a mandate for washing hands and maintaining social hygiene.
Manufacturers are likely to focus on expanding product portfolio leading in a positive impact on the market growth. For instance, Hokwang produced an innovative series of products demonstrating high effectiveness in terms of self- sanitization and disinfection. The dispenser products can be ideally used in form of spray pumps and liquid pumps wherein it offers high resistance against germs on hands.
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Further Findings From the Report Suggest:
l Technological advancements and demand for luxurious bathroom fittings have resulted in the production of significant products. Manufacturers are emphasizing on elegance of their product base with an objective to augment their brand visibility
l Lifestyle changes and growing disposable income have given rise to construction of luxurious bathrooms. This is further driving the demand for designer bathroom fittings
l Automatic soap dispensers is most likely to experience a significant growth owing to the increased demand in the hotels and restaurants. The size of these dispensers range from small to mid-large
l Asia Pacific is likely to witness a huge growth attributing to the constant expansion in the commercial and residential sector. Rise in disposable income and demand for electric soap dispensers in the commercial sector is anticipated to contribute to the regional market growth
l Toto Ltd
l Kohler Co
l ASI American Specialties, Inc
l Bradley Corporation
l GOJO Industries, Inc
l Bobrick Washroom Equipment, Inc
l Duravit AG
l Georgia-Pacific LLC
l Sloan Valve Company
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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