The global face mask market size was USD 76.72 Billion in 2020 and is expected to reach a significantly smaller size of USD 58.17 Billion in 2028, and register a decreasing growth rate of 5.2% from 2021 to 2028, according to latest analysis by Emergen Research. Market revenue is expected to register a CAGR of 8.5% from 2020 to 2022 due to the drastic surge in demand for face masks due to COVID-19 pandemic in 2020 and the onset of the second wave in 2021.
Outbreak of SARS-CoV-2 has resulted in a drastic increase in demand for personal respiratory protection such as face masks as a safety measure to avoid contracting the infectious virus and to curb its spread. Coronavirus spreads primarily from one person to other via respiratory droplets and use of face masks provides a barrier to prevent respiratory droplets of an infected person from reaching others. Also, it is particularly necessary to wear a face mask when a person is indoors with visitors and are incapable of maintaining safe distance from them. Also, various governments worldwide have mandated wearing of face masks covering mouth and nose as a precautionary measure to combat spread of coronavirus. In most countries, this mandate has been extended on public transportation and for public places.
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Also, consumer awareness about benefits of face mask was low earlier, unlike during the pandemic. However, during the pandemic, face masks witnessed a spiraling increase in demand, which is expected to gradually trend downward as the situation comes under control in the latter part of the forecast period, leading to a decreasing growth rate of the face mask market in late 2021.
Face mask market in Asia Pacific accounted for largest revenue share in 2020, attributed to presence of large population resulting in a larger consumer base and increasing prevalence of infectious respiratory diseases. In addition, rising disposable income and growing demand for disposable face masks in developing countries such as India and China are causative of steady market revenue growth in the region.
Key players in the market include Alpha Pro Tech Ltd., Cardinal Health Inc., The 3M Company, Ambu A/S, Cantel Medical Corporation, Medline Industries Inc., Honeywell International Inc., Makrite, Owens Minor Inc., and Uvex Group.
Market Scope:
One of the report’s central components is the broad Face Mask market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Face Mask market players.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
Emergen Research has segmented the global face mask market on the basis of product type, material type, usability, end-use, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
- Surgical Masks
- Respirators
- N-series
- P-series
- R-series
- Others
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Material Type Outlook (Revenue, USD Million; 2018–2028)
- Polyurethane
- Polypropylene
- Polyester
- Cotton
Usability Outlook (Revenue, USD Million; 2018–2028)
- Disposable
- Reusable
End-Use Outlook (Revenue, USD Million; 2018–2028)
- Hospitals Clinics
- Ambulatory Surgical Centers
- Research Institutes
- Industries
- Individuals
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
Key Questions Answered in the Report:
What is the growth rate of the Face Mask market? What is the anticipated market valuation of Face Mask industry by 2027?
What are the key growth driving and restraining factors of the Face Mask market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Face Mask industry over the forecast period?
Which region is expected to show significant growth in the coming years?
Unfolding the prime factors prompting growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Face Mask market into a broad product spectrum.
The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
Read More: https://www.emergenresearch.com/industry-report/face-mask-market
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