The global shampoo bar market size is expected to reach USD 17.0 million by 2025, according to a new report by Radiant Insights, Inc., expanding at a CAGR of 7.6% over the forecast period.
Increasing awareness regarding environmental friendliness and sustainability among consumers is expected to shift the focus towards zero plastic wastage associated with the personal care products packaging.
In addition, growing application of organic hair care products as a result of rising concerns over hazardous effects associated with synthetic counterparts is a key driving factor.
For instance, in January 2019, Lush Retail Ltd. inaugurated its first packaging free "Naked" cosmetics exclusive outlet in Manchester, U.K.
According to the National Waste Report 2018 published by the Department of the Environment and Energy, in the year 2016-17, Australia generated around 103 kg per capita of plastic waste.
Further key findings from the study suggest: • Online distribution channel is expected to generate a revenue of USD 11.9 million by the end of 2025 • Asia Pacific is projected to expand at the fastest CAGR of 8.2% from 2019 to 2025 • In terms of revenue, North America accounted for the largest share of 65.7% in 2018 • Key players in shampoo bars market include Lush Retail Ltd.; J R Liggett Ltd Inc.; Plaine Products; Osmia Organics, LLC; BEAUTY AND THE BEES PTY LTD.; Oregon Soap Company;The Refill Shoppe;BIOME LIVING PTY.