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.
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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.
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
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