COVID-19 has changed our lives as we know it. But more than that, it has changed the entire global market. The products that were in the least demand now have the highest demand of all. Soap dispensers is one such product.
The bathroom and kitchen accessory’s market dynamics have changed as it is now making more sales than ever. Even you can embark on this venture and make profits for your wholesale business.
Here are the many reasons why selling soap dispensers is more profitable than ever now.
#1. Hand Hygiene Concerns
Hand hygiene is the biggest factor that has contributed to the growth of this market. The market is predicted to have a 13% CAGR in the next five years. That is because these are ideal solutions in high-traffic places such as:
- Shopping malls
- And many other places
Every place that has high foot traffic needs to ensure that people are taking the right precautions. A soap dispenser is one of them as it allows people to sanitize their hands with convenience and ease.
#2. Ease And Accessibility
Not everyone has a sanitizer with them at all times. That is why many public spaces are taking steps to install these soap dispensers at every corner. It allows people to sanitize their hands and stay safe during COVID-19.
Seeing a dispenser reminds people of their responsibility, and they are more likely to take care of their hygiene in public. Such ease and accessibility allow everyone to take care of themselves, and that is why the market for this product is set to grow.
#3. Demand For Smart Washrooms
The demand for automation has risen during COVID-19. People don’t trust each other, and they need an automated solution for everything. That has increased the demand for smart washrooms as well.
That is why automatic soap dispensers will also have a high demand along with other smart products. They are set to dominate high-end spaces such as luxury office buildings, shopping malls, multiplexes, and much more.
You can cater to this demand by selling various types of soap dispensers to retailers and other buyers.
#4. Growing Number Of Hospitals
If COVID-19 has taught us anything, then it is that we need a better system of healthcare. That means more hospitals, more quality doctors, and an overall better system. As the number of hospitals will increase, the demand for many hygiene products such as soap dispensers will also increase.
Retailers will be on the lookout for the best soap dispensers at an affordable cost, and you can use this to your advantage by selling this product. After all, having a successful business is all about making use of the opportunities presented to you.
If you are already selling bathroom and kitchen products, you can make it more profitable by selling soap dispensers. Find a good supplier and use this growth in the market to make high profits. Once you do, you will have a successful venture during these tough times.