Between 2020 and 2030, the global market for soap dispensers will grow at a CAGR of 6%, predicts FMI, an ESOMAR-certified market research company. As cleanliness and hygiene become essential to lowering the risk of contagious diseases, the report notes an increase in demand that is expected to last throughout the projected period. According to the survey, market participants for soap dispensers have responded rapidly to the COVID-19 pandemic-related scenario. In recent years, the number of touchless soap dispensers produced has increased.
To prevent cross-contamination, touchless processes 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 report, people are also altering how they utilize soap dispensers. Due to increased hygiene awareness, they switched from soaps to wall-mounted automated soap dispensers. These days, these soap dispensers are mounted in commercial areas, corporate offices, and educational institutions.
The market participants are placing more emphasis on product releases to increase revenue as a result of the aforementioned trend. During the projected period, this trend is anticipated to generate a broad-based demand for automated soap dispensers (2020-2030). Additionally, the Covid-19 epidemic has increased the demand for touchless soap dispensers. Due to the need for precautions, this tendency will never halt.
Built-in Soap Dispensers
Today’s modular kitchens include built-in soap dispensers. If the stainless steel sink has two bowls and four holes, the kitchen faucet would use three of the holes and a deck spray head may be installed in the fourth.
Alternately, the outdated faucet might be taken out and replaced with a chic pullout-spray style using the same three sink faucet holes. That extra deck hole might still be available after installing the new faucet if a soap dispenser is desired.
For the kitchen sink, a built-in stainless steel soap dispenser works well. The primary benefit is that it features a refillable and reusable dispenser pump that carries lotion, hand soap, or essential oils in a chic container that takes up very little space in the sink, on the countertop, or in the vanity.
As the name implies, you might also add equipment soap, hand sanitizer, shower gel, and shampoo using this multi-purpose dispenser. These benefits will inevitably lead to a rise in the popularity of soap dispensers in general 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 Equipmenta, Inc., and Toto Ltd.
The players are into a 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 liter with a 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 liters. 1-yr warranty is also assured.