The Soap Dispenser Market Size is anticipated to expand its roots at a CAGR of 6.0% between 2023 and 2033. The market is anticipated to cross a market valuation of US$ 5.75 billion by 2033, while it is likely to be valued at US$ 3.21 billion in 2023.
The expanding healthcare sector, along with the government authorities spreading awareness around hand hygiene, are fueling the demand for soap dispensers.
The technological integration of sensors is producing products like smart soap dispensers and automatic soap dispensers, which is garnering market opportunities.
Rapidly increasing consciousness around healthy practices in people is propelling market growth. Furthermore, corporate settings are also adopting liquid soap dispensers.
Proliferation of infectious diseases, the authority's changing course of action around health management is pushing spaces to adopt smart soap dispensers.
Multi-purpose soap dispensers can also be used as hand sanitizer dispensers, increasing their utility while penetrating residential settings.
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Key Points
The United States is likely to lead the soap dispenser market in terms of market share. The United States held a market share of 81.5% in 2022. The market growth is attributed to the big government initiatives spreading awareness around hazardous infections and their prevention among its citizens.
China is another significant soap dispenser market. It held a market share of 44.2% in 2022. The regional growth is attributed to stringent government norms and ongoing regulations.
The manual segment is likely to thrive in the product type category as it held a share of 57.9% in 2022. The growth is attributed to factors like lower prices and higher availability of clean-label packaging. At the same time, automatic and smart soap dispensers are also getting popular among consumers.
The residential segment is expected to top the application type category as it covers a 37.1% share of the global market. The growth of this segment is boosted by increased awareness around hand hygiene, making contactless handwashing another preventive measure.
Competitive Landscape
The key market vendors focus on ensuring the quality of the material and clean labeling options along with the integration of automatic dispensing technology. Key competitors also acquire, merge, and partner with other companies to increase their supply chain and distribution channel. The key players in the market are: ASI American Specialties, Inc., Bradley Corporation, Simplehuman, Kohler Co, Toto Ltd, and Georgia-Pacific LLC
Recent Market Developments
Georgia-Pacific LLC has introduced the new enMotion Gen2 automatic soap dispenser that holds a capacity of 1200 ml. The dispenser delivers foam type of hygiene form and comes with a wall mount set. It comes with D-size alkaline batteries, a push lock, and a mounting bracket.
Kohler Co. has launched its Cruz soap dispenser and holder that comes in a frosted glass bottle in polished chrome. Its USP lies in the premium metal construction with higher reliability and durability. The company claims to double the exceeding industry durability standard.
