The changing dynamics Bamboo Toothbrush Market with covid-19 impact assessment
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Bamboo Toothbrush Market.
It was estimated prior to this unanticipated outbreak Bamboo Toothbrush Market will reach CAGR of 8.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Bamboo Toothbrush Market Insights
Bamboo Toothbrush market is likely to witness moderate CAGR of 8.7% during the forecast period. The prime factor contributing to the demand for bamboo toothbrush is mainly the increasing usage of eco-friendly, biodegradable alternative of plastic toothbrushes.
Market Share Analysis
Bamboo Toothbrush Market Share: By End-Use Type
Based on the end-use type, the market is segmented as adults and kids. The adults segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Adults are more aware about harmful effects of plastic and adults’ toothbrushes are easier to mass produce. The natural, eco-friendly and organic nature is driving the growth of this segment.
Bamboo Toothbrush Market Share: By Distribution Channel Type
Based on the distribution channel type, the market is segmented as online and offline. The online market dominates the market, as buying from online portal gives a wide range to choose from with less retail price and great discounted offers. Further, online is a great platform to launch new products in big scale without extra cost of distributor and inventory. All these factors are propelling the growth of the segment during the forecast period.
Bamboo Toothbrush Market Share: By Region
In terms of regions, North America is estimated to be the largest, whereas Asia Pacific will be the fastest-growing bamboo toothbrush market during the forecast period. These countries have large customer base whose population are aware of oral hygiene and adoption of biodegradable and eco-friendly dental care products. Major manufacturers such as The Humble Co., Colgate-Palmolive Company, Bamboo Brush Co., Brush with Bamboo, Simply Bamboo, and Environmental Toothbrush are launching new products in these regions to gain maximum customer penetration across the market.