Disposable Shower Caps Market is Estimated To Witness High Growth Owing To Trends In Rising Number of Salons and Spas in Emerging Countries

The disposable shower caps market is estimated to be valued at US$ 486.22 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period, 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Disposable shower caps are caps made of plastic or non-woven materials that are placed on hair to keep it dry while showering. They are inexpensive, convenient, and disposable after single-use. Their advantages include protecting hair from water, chemicals, and humidity, thereby preventing hair damage and frizz during showering. They are widely used in hotels, salons & spas, and by individuals at home.

Market key trends:
One of the important trends driving growth of the disposable shower caps market is the rising number of salons and spas, especially in emerging countries. According to the International Spa Association, the spa industry witnessed 4.2% year over year growth between 2019 and 2020, mostly driven by emerging countries such as India, China, Brazil and others. Rising disposable incomes and growing awareness about personal grooming have boosted visits to salons and spas globally in the past few years. This has significantly increased the usage of single-use shower caps during hair services like washing, dyeing, and conditioning treatments in these establishments. Thus, increasing presence of salons and spas is contributing to the rising demand for disposable shower caps.

Porter’s Analysis
Threat of new entrants: New entrants face high capital requirements to manufacture shower caps at scale. Established brands have strong customer loyalty and supply chain relationships.
Bargaining power of buyers: Buyers have moderate bargaining power as shower caps are inexpensive and widely available from various vendors and retailers. However, established brands command premium pricing.
Bargaining power of suppliers: Suppliers have moderate to high bargaining power as raw material prices are volatile and there are limited suppliers of plastics and other required materials.
Threat of new substitutes: Limited threat as shower caps are an inexpensive necessity with no close substitutes.
Competitive rivalry: High as it is a mature market with many established local and international brands vying for market share.

SWOT Analysis
Strengths: Disposable shower caps are inexpensive, convenient to use and help maintain hygiene. Established brands have strong brand recognition and loyal customer base.
Weaknesses: Vulnerable to raw material price fluctuations. Highly competitive market with store brands eroding margins of some players.
Opportunities: Growth in travel and tourism sector increases demand. Rise of e-commerce channels expand reach.
Threats: Rising environmental concerns around plastic waste from single-use products. Strict regulations around disposable plastics in some regions.

Key Takeaways
The Global Disposable Shower Caps Market Size is expected to witness high growth, exhibiting CAGR of 5.7% over the forecast period, due to increasing travel and tourism activities. The Asia Pacific region dominates the global market currently due to significant demand from countries like China and India. North America is the fastest growing regional market due strong demand for personal hygiene and grooming products.

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. Store brands are capturing significant market share, posing pricing challenges to some branded players. Manufacturers are focusing on developing eco friendly biodegradable shower caps made of materials like bamboo to address sustainability issues. The market size for 2023 is estimated to be US$ 486.22 Mn indicating strong growth opportunities over the forecast period.

 

Read more:  https://www.ukwebwire.com/disposable-shower-caps-market-share-analysis/

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