The face mask market is projected to grow from USD 0.8 billion in 2018 to USD 52.7 billion in 2021 and then reduce to USD 3.0 billion by 2027. The CAGRs for these periods are 309.8% between 2018 to 2021 and an overall CAGR of -34.5% from 2022 to 2027. The primary reasons driving the demand for face mask globally, includes 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.
“Surgical type segment of the face mask market is projected to grow at the highest CAGR during the forecast period of 2022 to 2027”
The surgical type segment of the face mask market is projected to be the fastest-growing segment during 2022 to 2027. The primary reason of the demand for surgical masks can be attributed to its use in the healthcare industry.
“Reusable face masks, in by nature segment, is projected to grow at the highest CAGR during the forecast period of 2022 to 2027”
The reusable by nature segment of the face mask market is projected to be the fastest-growing segment during 2022 to 2027. Reusable face mask are affordable, customizable, durable and sometimes fashionable and these are some the factors responsible for its high growth during the forecast period.
“The Hospitals & Clinics end-use segment in the face mask market, is projected to grow at the highest CAGR during the forecast period of 2022 to 2027”
The Hospitals & Clinics end-use segment in face masks, is expected to grow with the highest CAGR in the face masks market during the forecast period. The growth in this segment is mainly due to the growing rising prevalence of lifestyle diseases, such as diabetes and CVDs, the increasing number of hospitals, and expansion of healthcare infrastructures.
“The E-commerce segment by distribution channel, in the face mask market, is projected to grow at the highest CAGR during the forecast period of 2022 to 2027”
The E-commerce segment by distribution channel, has recorded the highest growth rate in the global face mask market during from 2022 to 2027. The growth in this segment is due to increased demand for a wide range of digital services and more consumers are preferring shopping online than from physical stores due to the convenience and to ensure safety.
“Middle East and Africa face mask market is projected to grow significantly during the forecast period of 2022 to 2027”
Middle East & Africa is projected to grow significantly for face masks during the forecast period. The growing demand for face mask is primarily driven by the economies in UAE and Saudi Arabia. The growth in this segment is due to rising geriatric population, increasing prevalence of chronic diseases, rising medical tourism, an increase in discretionary incomes and increased demand for advanced medical facilities.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 – 40%, Tier 2 – 20%, and Tier 3 – 40%
- By Designation: C-level Executives – 10%, Directors – 70%, and Others – 20%
- By Region: Asia Pacific – 25%, North America – 20%, Europe – 40%, Middle East & Africa –5%, and South America – 5%
The face mask market report is dominated by players, such as 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), M?lnlycke Health Care AB (Sweden), Prestige Ameritech (US), Makrite (Taiwan), CNTUS-SUNGJIN Co., Ltd. (South Korea), and Irema Ireland (Ireland).
The report defines, segments, and projects the face mask market based on material type, type, nature, distribution channel, end use, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It strategically profiles key face mask manufacturers and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, agreements, contracts, partnerships, acquisitions, collaborations, and divestments, undertaken by them in the market.
Reasons To Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the face mask market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.