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The global soap dispenser market size will experience growth due to the rising trend for washing hands to protect against infections and bacteria. A soap dispenser is a device that is designed to dispense a liquid soap for the amount required by the user. The certain benefits of soap dispensers include it helps to reduce the chances of the transmission of germs and bacteria between the users, safeguard the solution against any contamination, and others. The highly concern of maintaining clean hands among hospital employees and patients has positively influenced the increasing usage of this product. Furthermore, the strict regulation of upholding clean and uninfected environment in many of the research and development facilities is also likely to fuel the demand. Moreover, the rising concern for kids playing with dirt carrying germs in schools and homes also assist to generate more traction among parents and teachers.
The growing trend of washing of hands for the prevention against various diseases which can obtain from air and water pollution act as one of the major driving factor for the soap dispenser industry growth. The escalating usage of the product by people working in physically demanding types of jobs has also accelerated the consumption of soap dispensers. Additionally, the eruption of coronavirus is giving rise to the increasing consumption of liquid soap in the residential and commercial sectors as proper washing of hands can help prevent people from getting infected. For instance, according to the Center for Disease Control and Prevention, June 2020, washing hands with water for atleast 20 seconds with the help of alcohol-based hand rub that contains atleast 60 % alcohol can help eliminate the virus.
Nevertheless, large number of people especially in developing and underdeveloped countries still preferring to used regular soap over liquid soap in a dispensers due to the lower cost of the product is acting as a hampering factor for the soap dispenser market growth.
Key Market Driver -
The rising popularity of washing hands for prevention against air and water pollution act as one of the driving factor for the market growth
Key Market Restraint -
The high cost of the product as compared to its substitute act as a restraining factor for the market growth.
The soap dispenser market is segmented into by product type, by application, by sales channel, and by geography.
On the basis of product type, the soap dispenser industry is fragmented into automatic and manual. Manual is estimated to the larger shareholder owing to be more affordable it is often preferred by middle-income consumers who are considered to hold a larger share than low and high income. Similarly, manual dispenser coming with a various attractive dispensing switch such as push-up, foot-operated, and surgical type also helps to escalate the demand.
Based on application, the soap dispenser market is bifurcated into residential and commercial. Residential is projected to be the dominating segment due to the rising popularity of the usage of liquid soap especially in urban areas. Likewise, the intense promotional campaign carried out by manufacturers in various online and offline platform assist to increase its usage.
By sales channel, the market is grouped into supermarket/hypermarket and e-commerce stores. Supermarket/hypermarket is projected to be a greater segment on account of its ability to help consumers visualize the exact shape and size of soap dispensers to meets the space where they are placing. Moreover, e-commerce stores making the process of returning or replacing soap dispenser complicated as compared to supermarket or hypermarket makes it more desirable.
On the basis of region, the soap dispenser market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
North America is anticipated to be the dominant market shareholder and is projected to continue throughout the forecast period of 2020-2027. Large number of companies such as American Specialties, Inc., Simplehuman, Bobrick Washroom Equipment, Inc., Gojo Industries, others offering wider varieties of soap dispensers as compared to other regions is accelerating the consumption rate. Furthermore, the popular usage of the product in almost every public places such as bus stations, train stations, airports, and others is likely to fuel the demand. Moreover, the widespread of malls, supermarkets, and others even in a rural part of this region, especially in countries such as the United States and Canada, has positively impacted the soap dispenser market growth.
The Asia Pacific is projected to display a significant presence in the soap dispenser market owing to the growing adoption of a hygienic lifestyle by various countries of this region is intensifying the usage of the product. The government involvement in the cleanliness campaign especially hand washing to help protect its citizens against diseases has also accelerate the consumption of soap dispensers. For instance, the government of India gives full support to the Global Handwashing Day by celebrating it every year on the 15 of October through educating and giving awareness to its people.
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