The global face mask market is projected to grow from USD 737 million in 2019 to USD 22,143 million in 2021 and then reduce to USD 3,021 million by 2025. The projected CAGRs for these periods are 448.1% between 2019 to 2021 and an overall CAGR of -48.9% from 2020 to 2025. Factors like the outbreak of COVID-19 pandemic, the rise in consumer awareness pertaining to the importance of face masks, and the surge in social media marketing to encourage a positive attitude towards wearing masks are driving the demand for face masks, globally.
The spread of the COVID-19 virus around the world has positively impacted the global face mask market. The pandemic resulted in increasing demand for face masks, as they prevent or slow down the transmission of life-threatening COVID-19 infections. Face masks have been employed as a public and personal health control measure against the spread of SARS-CoV-2. Furthermore, the World Health Organization and other public health organizations agree that masks can limit the spread of respiratory viral diseases such as COVID-19. However, the topic has been a subject of debate, with some public health agencies and governments initially disagreeing on a protocol for wearing face masks.
Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=244623608
The surgical type segment of the face mask market has a promising growth potential during the forecast period of 2020 to 2025. The primary reason of the demand for surgical masks can be attributed to its use in the healthcare industry.
However, the respirator type segment of the face mask market is projected to be the fastest-growing segment from 2019 to 2021. The primary reason driving the growth of this segment is the N-series mask which are considered to be the most efficient protection against the spread of COVID-19.
The reusable-by-nature segment is projected to record the highest growth in the global face mask market during the forecast period. The high growth of the reusable face mask segment is majorly attributed to their low cost and the huge shortage of disposable face masks, globally.
The personal/Individual Protection end-use segment in face masks is expected to grow with the highest CAGR in the face masks market during the forecast period. The personal/individual protection segment includes face masks used by the general public for respiratory protection against airborne infections or air pollution. The growth in this segment is mainly due to the growing awareness about protection against probable pandemics and respiratory diseases.
Request a Sample of this Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=244623608
Asia Pacific is projected to be the fastest-growing market for face masks during the forecast period. The growing demand for face mask is primarily driven by the growing economies in China and India in addition to the growth and enhancement in healthcare infrastructure in South-East Asian countries. Apart from this, the rising geriatric population in countries like Japan, increasing investments in the healthcare industry, expansion of private-sector hospitals to rural areas, and rapid economic growth are also supporting this market.
The growing healthcare industry in emerging economies is expected to drive the growth of face masks during the forecast period. Emerging economies such as India, Brazil, China, and South Africa provide significant opportunities for players in the face mask market. Furthermore, the rapidly increasing aging population, high patient volumes, growing per capita income, and rising awareness in these regions are expected to propel the growth of the healthcare sector, hence driving the growth of the face masks market as well.
3M Company (US), Honeywell International Inc. (US), Kimberly-Clark Corporation (US), Cardinal Health, Inc. (US), Owens & Minor, Inc. (US), Alpha Pro Tech, Ltd. (Canada), Ambu A/S (Denmark), Cantel Medical Corp. (US), Shanghai Dasheng Health Products Manufacture Co., Ltd (China), Medline Industries, Inc. (US), Mölnlycke Health Care AB (Sweden), Foss Performance Materials, LLC (US), Prestige Ameritech (US), Makrite (Taiwan), CNTUS-SUNGJIN Co., Ltd. (South Korea), and Irema Ireland (Ireland), are the key players in face mask market.
Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=244623608
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States