The global soap dispenser market is anticipated to strengthen its boundaries at an average CAGR of 6.0% during the forecast period. FMI expects the market to hold a share of US$ 3.21 billion in 2023, while it is anticipated to cross a value of US$ 5.75 billion by 2033.
According to the study, market participants for soap dispensers have responded quickly to the COVID-19 pandemic-related situation. In recent years, the number of touchless soap dispensers produced has increased.
In order to prevent cross-contamination, touchless operations have become imperative. The amount of liquid soap that is dispensed by technology-based soap dispensers is calculated. Soap isn’t used too often as a result. According to the study, consumers are also altering how they use soap dispensers.
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They have shifted from soaps to wall-mounted automated touchless soap dispenser due to growing awareness on the part of hygiene. Commercial spaces, corporate offices, and educational institutions are seen mounting these soap dispensers these days.
The above-mentioned trend has prompted the market players to emphasize on product launches for adding to the revenue. This trend is expected to create a holistic demand for automated soap dispensers in the forecast period (2020-2030). Moreover, outbreak of Covid-19 has escalated the demand for touchless soap dispensers. This trend will never cease to exist, as precautions will be imperative.
Built-in Soap Dispensers
The modular kitchens these days come with built-in soap dispensers. If it’s a double-bowl, four-hole stainless steel sink, the kitchen faucet makes use of three holes and the 4th hole could be used to install deck spray head.
Or else, old faucet could be removed and replaced with stylish pullout-spray model making use of the same 3 sink faucet holes. The new faucet could leave that additional deck hole open for installing soap dispenser.
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Stainless Steel Built-in soap dispenser works well for the kitchen sink. The basic advantage is that it has a refillable and reusable dispenser pump that holds hand soap, essential oils, or lotion in a fashionable container to occupy very little room in the sink, at countertop, or in vanity.
This multi-purpose dispenser, as the name suggests, could be used for adding equipment soap hand sanitizer, shower gel, shampoo as well. These advantages are bound to increase the demand for soap dispensers on the whole, and built-in soap dispensers in particular.
Key Participant Insights
The key players in the soap dispenser market include Bradley Corporation, ASI American Specialties, Inc., Kohler Co., Simplehuman, GOJO Industries, Inc., Duravit AG, Sloan Valve Company, Georgia-Pacific LLC, Bobrick Washroom Equipment, Inc., and Toto Ltd.
The players are into new product launch spree to draw a larger base of customers. For instance – Frost Products Ltd., in Dec 2019, launched a novel counter-mounted foam dispenser made from stainless steel, holding a capacity of 1 litre with 304 brushed finish.
The other product launched by the company included a counter-mounted, touch-free liquid soap dispenser having a battery life of 1 year OR 20K cycles. There is a bulk loading refill capacity spanning 1.5 litres. 1-yr warranty is also assured of.
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Soap Dispenser Market: Segmentation
The global Soap Dispenser Market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
By Product Type
- Touch-free
- Manual/Push
By Material
- Plastic
- Nickel
- Bronze
- stainless steel
- silver
- chrome
- others
By Type
- wall-mounted
- countertop
- free standing
By Price Range
- economical
- premium
- mid-range
By Capacity
- below 500 ml
- 500 – 750 ml
- 750 – 1000 ml
- 1000 – 1250 ml
- 1250 – 1500 ml
- 1500 ml & above
By Application
- Institutional
- Household
By Sales Channel
- Direct
- Indirect
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