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| Disposable Shower Caps Market |
The Disposable Shower Caps Market is estimated to be valued at US$ 486.22 Million in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Disposable shower caps are plastic covers worn over the hair while showering to
prevent hair from getting wet. They are easy to apply and remove without
causing any damage to hair. They offer protection, convenience and are more
hygienic compared to reusable caps. The increasing adoption of disposable
shower caps in hotels, hospitals and salons is driving the growth of this
market.
Market key trends:
One of the key trends fueling the growth of disposable shower caps market is
their increasing demand from hospitality industry. As more number of people are
traveling for business or leisure purposes, demand for personal hygiene and
sanitation products is rising at hotels. Most hotels provide disposable shower
caps in bathrooms as they are convenient and ensure hygienic showering
experience for customers. Their single use nature eliminates the need for
washing or storing reusable caps, making them a cost-effective option for
hotels. The World Tourism Organization estimates the tourism industry will grow
by 3-4% each year, thus increasing the consumption of disposable shower caps in
coming years.
Porter’s Analysis
Threat of new entrants: Low capital requirements pose low threat of new
entrants. However, established brands have strong customer loyalty and
distribution networks.
Bargaining power of buyers: Buyers have high bargaining power given the
availability of substitutes and undifferentiated products among suppliers.
However, buyers prefer branded products.
Bargaining power of suppliers: Suppliers have low to medium bargaining power
given the availability of substitutes for raw materials and commodity-like
nature of products.
Threat of new substitutes: Substitutes like shower caps made from other
materials offer low threat due to customer preferences for plastic shower caps.
Competitive rivalry: Intense given the presence of numerous suppliers and low
differentiation among products.
SWOT Analysis
Strengths: Established brands enjoy strong customer loyalty. Plastic is
inexpensive and widely available raw material.
Weaknesses: Undifferentiated products lead to price competition. Heavy reliance
on leading retailers for distribution.
Opportunities: Growing travel and tourism industry drives demand. Rising health
awareness increases replacement consumption.
Threats: Stringent regulations on plastic usage. Substitution threat from
biodegradable alternatives.
Key Takeaways
The global Disposable
Shower Caps Market Share is expected to witness high growth, exhibiting
CAGR of 5.7% over the forecast
period, due to increasing international travel and tourism. The US market is
expected to maintain its dominance, expanding at a CAGR of 6.1% due to widespread product availability and awareness.
Regionally, Asia Pacific is likely to emerge as the fastest growing market for
disposable shower caps, owing to rising health consciousness and prospering
travel industry in countries like China and India.
Key players operating in the disposable shower caps market are Xianmengprotect,
TOWA, Vagabond, The Flexit Company, Yangzhou Jessica Daily Necessities,
Yuanbaby, Fanavid, Hubei Huanfu Plastic, Kimirica, Betty Dain Creations.
Leading brands focus on innovations in design and materials to differentiate
their products.
Read More,
https://www.newsstatix.com/disposable-shower-caps-market-trends-size-and-share-analysis/
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