Lucrative Business of Disposable Safety Razors. Investment Opportunities in Men Grooming Products Industry.

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Introduction:

Disposable safety razors have a design that is very similar to cartridge razors, but they are made of less expensive materials (usually injection moulded polycarbonate) and are intended to be completely disposable after use, with no blade sharpening or replacement.

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The life of a safety razor can be increased by drying the blades after each usage. A razor is a bladed equipment that is primarily used to shave away unwanted body hair. Straight razors, safety razors, disposable razors, and electric razors are all types of razors. The safety razor got its name because it was thought to be safer than a cut-throat or straight razor.

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Benefits of Disposable Safety Razors:

Disposable Safety Razors are:

Cost Effective: Although purchasing a double edged razor may appear to be costly, it is quite cost effective in the long run when considering that all that is required is the purchase of blades, which are actually less expensive than cartridge blades.

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Balance: Because of the pivot, this razor maintains a steady viewpoint while shaving, making it the best because it is easier and faster to use. This is the most appealing element of it.

Convenience: While most people prefer to go the modern route, those who have chosen this traditional method of shaving have found it to be cost-effective and simple to use.

Time Management: If you value your time, it’s time to ditch those pricey cartridges and embrace a double-edged razor, since research has proved that it is truly quite quick to use.

Less Maintenance: Unlike fixed type razors, it is very easy to clean due to the ability to change blades.

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Quality: The edges of a double edge razor are sharper than those of a multi-blade razor, resulting in better outcomes.

Environmentally Friendly: Because it is composed entirely of metal, it is immediately considered environmentally friendly.

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Market Outlook:

In 2018, the global razor market was worth USD 10.2 billion, and it is expected to grow at a CAGR of 3.5 percent from 2019 to 2025. Several factors are driving the industry, the most important of which is a growing focus on men’s grooming and increased consumer awareness of personal cleanliness. Disposable razors make for a sizable portion of the industry, and demand is expected to continue to rise.

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The Disposable razor’s biggest commercial restraint is its higher initial cost. Furthermore, in the case of this type of razor, an individual must learn how to shave properly. The expanding urge to look well groomed, rising per capita income, and rapid urbanization are all contributing to this growth. Men’s grooming industry demand has expanded in recent years as a result of growing male customer awareness of their appearance.

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Furthermore, because more than half of the population is under the age of 30, the industry has a large local market. Furthermore, the market is predicted to rise through 2025 due to an increase in the urban middle class population and enhanced distribution channels in tier II and tier III cities.

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Major Key Players:

Everkeen Blade Co. Ltd.

Gillette India Ltd.

Jindal Stainless Ltd.

Laser Shaving Products Pvt. Ltd.

Narang Medical Ltd.

Paramount Surgimed Ltd.

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