The global soap dispenser market size will experience growth due to the rising trend for washing hands to protect against infections and bacteria. Fortune Business Insights™ reports this information in its report titled “Soap Dispenser Market, 2023-2030.”
Soap dispensers are equipment that can distribute liquefied soaps in the required amount while preventing contamination and reducing the transfer of germs and bacteria. The importance of sanitizing patients and staff in hospitals has led to a massive demand for dispensers. Moreover, the extensive utilization of these devices in various research facilities due to stern regulations for maintaining a sanitized atmosphere is fueling the market. In June 2020, for instance, the Center for Disease Control and Prevention estimated that sanitizing hands for 20 minutes with hand washes containing 60% can ensure safety against the coronavirus. In addition, parents’ and teachers’ concerns over avoiding the spread of germs in schools and homes are also influencing the market’s growth.
Impact of COVID-19
Soap dispensers have been employed in several places during the pandemic owing to the importance of maintaining sanitized hands. The sales of these products are increasing because of the necessity to maintain clean hands and prevent virus transmission. They are used in several industries, offices, malls, and other such places to ensure that the highest level of hygiene is maintained. The use of such equipment is expected to further increase during and after the pandemic, fuelling the soap dispenser market growth.
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List of Some of the Key Players of the Market
- Bobrick Washroom Equipment, Inc.
- Toto Ltd
- GOJO Industries Inc.
- Kohler Co.
- Georgia Pacific LLC
Highlights of the Report
The report analyzes the market’s primary and secondary driving and restraining factors and studies the segments and the impact of COVID-19 on the market. In addition, it highlights the qualitative and quantitative aspects of the market and examines emerging trends. It comprehensively studies the regional aspects and the strategies devised by key players of the market.
Drivers and Restraints
Growing Awareness for Maintaining Clean Hands to Positively Impact the Market
Soap dispensers are rapidly used for commercial and residential purposes to tackle diseases caused by air and water pollution. The product requirement is increasing in jobs that involve physical labor to ensure a clean working environment. Furthermore, dispensers are better than regular soaps as they eliminate physical contact and ensure a safer environment. In addition, the relentless transmission of the coronavirus has made people very cautious and aware of their hand-washing behavior, which also favors the growth of this market. Therefore, the demand for soap dispensers is increasing and driving the market.
However, the majority of the people in underdeveloped and developing countries use soaps compared to dispensers due to the cheaper cost, thus hampering market growth.
Segments
Based on product type, the market is segmented into automatic and manual. As per application, the market is categorized into residential and commercial. On the basis of sales channels, it is divided into supermarkets/hypermarkets and e-commerce stores. It has been geographically studied across North America, Asia Pacific, Europe, South America, and the Middle East & Africa.
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Regional Insights
North America to be the Dominant Region Supported by Increasing Demand for Hygiene Products
North America is expected to lead the soap dispenser market share for the forecast period attributable to the rising consumption of a wide variety of hygiene products that are being offered by several companies in the region. Moreover, the booming popularity of these dispensers in airports, train stations, and bus stops will probably boost product demand. In addition, the opening of malls and hypermarkets in rural areas and the US and Canada is anticipated to accelerate market growth in the region.
The adoption of a healthy and clean lifestyle by consumers in the Asia Pacific region is expected to propel the demand for soap dispensers in the region. Governments in the region are supporting sanitization campaigns, such as those related to hand-washing, to protect citizens from getting infected with the coronavirus and other harmful pathogens. For example, the Indian government has fully backed the Global Handwashing Day on 15th October by educating its citizens about hand sanitization in the pandemic to prevent the spread of infections.
Competitive Landscape
Announcement of Innovative Products by Key Players to Boost Market Growth
The announcement of technologically advanced products by companies is expected to promote market growth. For example, Svavo announced v-370 tabletop zero-contact foaming soap powered by next-generation technologies such as infrared that dispense soap without physical contact and avoid contamination of the solution. In addition, the key players of the market have incorporated several other strategies, such as partnerships, mergers & acquisitions, and business expansion, to mark a substantial market position for the foreseeable years.
Industry Development
August 2019: Xiaomi, a renowned Chinese brand, launched a battery-operated automatic soap dispenser, sporting a standard yellow rubber duck design. It is powered by advanced technology such as near-field infrared sensors and a microfoam pump system that can detect hand movement and deliver precise amounts of soap.
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