The global shampoo bar market size is expected to reach USD 17.0 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.6% over the forecast period. Increasing awareness regarding environmental friendliness and sustainability among consumers is expected to shift the focus towards zero plastic wastage associated with the personal care products packaging. In addition, growing application of organic hair care products as a result of rising concerns over hazardous effects associated with synthetic counterparts is a key driving factor.
The
global market is fragmented in nature due to the presence of a large number of
players. Furthermore, rising number of new entrants has increased the market
competition as companies are providing innovative and customized products.
Manufacturers are adopting various marketing strategies in order to increase
the product visibility and product penetration. For instance, in January 2019,
Lush Retail Ltd. inaugurated its first packaging free “Naked” cosmetics
exclusive outlet in Manchester, U.K. The company aims to reduce plastic wastage
from the cosmetic and personal care industries. These initiatives are likely to
fuel the demand for shampoo bar in the foreseeable future.
Asia
Pacific is expected to be the fastest growing regional shampoo bars market with
a CAGR of 8.2% from 2019 to 2025. Over the past few years, recycling of plastic
has become a critical concern in Australia. According to the National Waste
Report 2018 published by the Department of the Environment and Energy, in the
year 2016-17, Australia generated around 103 kg per capita of plastic waste.
Out of which, 87% of the plastic wastes went to the landfill, 12% was recycled,
and just 1% of the waste was converted into the energy from a waste facility.
This
huge plastic wastage is becoming a burden on the environment. In order to
eradicate this problem, in 2018, the Department of the Environment and Energy,
Australia, announced to ban microbeads from the cosmetic and personal care
products packaging. These government initiatives are likely to support the
demand for shampoo bar, which comes with no packaging.
Full Research Report On Shampoo Bar Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/shampoo-bar-market
Further key
findings from the study suggest:
- Online
distribution channel is expected to generate a revenue of USD 11.9 million
by the end of 2025
- Asia Pacific
is projected to expand at the fastest CAGR of 8.2% from 2019 to 2025
- In terms of
revenue, North America accounted for the largest share of 65.7% in 2018
- Key players
in shampoo bars market include Lush Retail Ltd.; J R Liggett Ltd Inc.;
Plaine Products; Osmia Organics, LLC; BEAUTY AND THE BEES PTY LTD.; Oregon
Soap Company;The Refill Shoppe;BIOME LIVING PTY. LTD.; Rocky Mountain Soap
Company Inc.;and Ethique Beauty Ltd.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/shampoo-bar-market/request/rs1
Grand View Research has
segmented the global shampoo bars market on the basis of distribution channel
and region:
Shampoo Bar Distribution Channel Outlook (Revenue, USD
‘000, 2015 - 2025)
- Online
- Offline
Shampoo Bar Regional Outlook (Revenue, USD ‘000, 2015 -
2025)
- North America
- U.S.
- Europe
- U.K.
- France
- Germany
- Asia Pacific
- China
- Australia
- Central & South America
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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