What is the global market size of Soap Dispenser Market?

Global Soap Dispenser Market size was valued at USD 1.33 Billion in 2021 and is poised to grow from USD 1.4 Billion in 2022 to USD 2.65 Billion by 2030, by rising at a CAGR of 8.0% during the forecast period (2023-2030).

Soap Dispenser Market Size, Share, Growth Analysis, By Product(Automatic, Manual), By Application(Residential, Corporate Offices, Commercial, Educational Institutions), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30L2191 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 66 | Figures: 75

Soap Dispenser Market News

For its Al-discovered and built medication for idiopathic pulmonary fibrosis, Insilico Medicine, a clinical-stage end-to-end generative artificial intelligence (Al)-driven drug discovery business, announced in February 2023 that it had been granted FDA Orphan Drug Status.
In April 2022, Euronics introduced the NERO series to help companies make a sophisticated style statement in their washroom spaces. This NERO series includes Euronics automatic soap dispenser, a touchless device that ensures minimal cross-contamination between repeated uses.
In November 2021, Kent introduced its new touchless soap dispenser. The Kent Touchless Soap Dispenser comes with a built-in IR sensor.

Soap Dispenser Market Report Snapshots

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Global Soap Dispenser Market size was valued at USD 1.40 Billion in 2022 and is poised to grow from USD 1.51 Billion in 2023 to USD 2.80 Billion by 2031, by rising at a CAGR of 8.0 % during the forecast period (2024-2031).

The market is characterized by the existence of a few established companies as well as new entrants. Many major players are expanding their focus on the growing trend of soap dispensers. To maintain market share, market participants are diversifying their product offerings. 'GOJO Industries, Inc.', 'Kimberly-Clark Corporation', 'TOTO Ltd.', 'Bobrick Washroom Equipment, Inc.', 'American Specialties, Inc.', 'Georgia-Pacific LLC', 'Bradley Corporation', 'Essity AB', 'Procter & Gamble Co.', 'Rubbermaid Commercial Products LLC', 'Hokwang Industries Co., Ltd.', 'Mediclinics S.A.', 'Sloan Valve Company', 'ASI Group', 'Dolphin Solutions Ltd.', 'Lovair Ltd.', 'Umbra Ltd.', 'Simplehuman LLC', 'Dyson Ltd.', 'Palmer Fixture Company'

The initial cost of purchasing and installing soap dispensers, particularly automated and advanced systems, can be a restraint for some buyers. The expenses involved in retrofitting existing infrastructure or implementing dispensers in large-scale facilities may hinder market growth, especially for cost-conscious buyers.

Touchless and Sensor-Based Technology: There is a growing trend towards touchless and sensor-based soap dispensers. These dispensers utilize infrared sensors or proximity sensors to detect hand movement and dispense soap without the need for physical contact. Touchless dispensers enhance hygiene, reduce cross-contamination, and offer a more convenient and user-friendly experience.

North America held a 31.9% share of the retail cooler market in 2022. Increased consumer investment in commercial establishments such as malls, restaurants, & movie theaters has resulted in an increase in the demand for efficient restrooms, fueling the demand for dispensers for soap. According to data supplied by the United States Department of Agriculture (USDA), the number of quick-service eateries operating in the United States increased from 183,543 in 2021 to 189.402 in 2022.

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Soap Dispenser Market Size, Share, Growth Analysis, By Product(Automatic, Manual), By Application(Residential, Corporate Offices, Commercial, Educational Institutions), By Region - Industry Forecast 2024-2031

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