Pune, India, July 22. 2022 (GLOBE NEWSWIRE) — The world face masks market the size stood at USD 23.70 Billion in 2021. The market will grow from USD 10.76 Billion in 2022 to USD 19.85 Billion by 2029 at a CAGR of 9.1% during the forecast period . Fortune Business Insight™ elaborated on these contributions in his latest research report titled “face masks market, 2022-2029.”
According to the analysis, personal protective equipment (PPE) has become in high demand following the increase in COVID-19 infections and hospitalizations. The healthcare sector has shown stellar demand for face masks. The booming geriatric population has further encouraged major companies to expand their penetration.
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Key Players Featured in the Report:
- 3M (USA)
- Honeywell International, Inc. (USA)
- COFRA Srl (Italy)
- Uvex Group (Germany)
- MSA (USA)
- DuPont (USA)
- Kimberly-Clark Worldwide, Inc. (USA)
- Cardinal Health (USA)
- Medicom (Canada)
- Ansel Ltd. (Australia)
- Alpha ProTech (Canada)
- Moldex-Metric (US)
- Protective Industrial Products, Inc. (USA)
- RZ Mask (US)
- Makrite (Taiwan)
- SHIGEMATSU WORKS CO., LTD. (Japan)
- Drägerwerk AG & Co. KGaA (Germany)
- Mallcom (India) Limited (India)
- Delta Plus Group (France)
Impact of COVID-19
Widening gap between supply and demand tests stakeholders
As the construction and mining sectors experience major disruption, demand for PPE has plummeted globally. The postponement of manufacturing plants or the temporary shutdown of operations did not bode well for the business outlook. Moreover, the ban on the export of respirators has sent shock waves around the world. According to the World Trade Organization (WTO), about 80 countries have banned the export of ventilators during the pandemic as a temporary measure to overcome severe shortages. Meanwhile, exponential healthcare demand in emerging and advanced economies has encouraged production.
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Report scope and segmentation
| Report attribute | Details |
| Market size value in 2021 | $23.70 billion |
| Revenue forecasts in 2029 | $19.85 billion |
| Rate of growth | CAGR of almost 9.1% 2022-2029 |
| base year | 2021 |
| Historical years | 2018 – 2020 |
| Forecast years | 2022- 2029 |
| Segments Covered | By product, by use, by end-use industry |
| Forecast units | Value (USD billion) and volume (units) |
| Quantitative units | Revenue in USD Million/Billion and CAGR from 2022 to 2029 |
| Regions covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa, and Rest of the World |
| Countries covered | United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others |
| Number of companies covered | 3M (USA), Honeywell International, Inc. (USA), COFRA Srl (Italy), Uvex Group (Germany), MSA (USA), DuPont (USA), Kimberly-Clark Worldwide, Inc (USA), Cardinal Health (USA), Medicom (Canada), Ansell Ltd. (Australia), Alpha ProTech (Canada), Moldex-Metric (USA), Protective Industrial Products, Inc. (USA), RZ Mask (USA), Makrite (Taiwan), SHIGEMATSU, WORKS CO., LTD. (Japan), Drägerwerk AG & Co. KGaA (Germany), Mallcom (India) Limited (India), Delta Plus Group (France) |
| Report cover | Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Market Attractiveness Analysis by Segments & Region, Market Share Analysis business and analysis of the impact of COVID-19. |
| Scope of customization | Take advantage of personalized purchasing options to meet your exact research needs. |
segments
Medical face masks to gain ground to prevent microorganism cross-contamination
On the basis of product, the market is segmented into respirator, medical mask and others. The Medical Face Mask segment is sub-segmented into N-95, Surgical and Procedure Respirators, and Others. The medical mask segment will grow with an increased need to prevent cross-contamination by microorganisms.
Disposable face masks will remain dominant due to the resurgence of nosocomial infections
In terms of usage, the market is separated into reusable and disposable. Stakeholders expect disposable face masks to account for a significant share of the global market following the increase in cases of hospital-acquired infections.
Healthcare will show stellar demand as COVID-19 infection rises
As for the end-use industry, the market is categorized into oil & gas, healthcare, construction, mining, manufacturing, and others. The healthcare segment will witness tremendous growth due to the pervasive COVID-19 pandemic and an increased need to maintain occupational health.
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Report cover
The report offers a comprehensive perspective of market size, share, revenue, and volume. Quantitative and qualitative assessments provided an overall view of the market. Primary interviews validate assumptions, conclusions, and prevailing business scenarios. The report also includes secondary resources such as annual reports, press releases, white papers and journals.
Drivers and Constraints
Bullish demand for N-95 respirators has fueled innovations
The growth of the protective face masks market will be pronounced due to the high demand for N-95 respirators in both developed and developing economies. Healthcare respirators have become sought after to contain the spread of COVID-19. An N95 respirator can apparently remove 95% of very small particles, encouraging end users to seek out the product. General and medical professionals will continue to seek surgical N95 for protection against COVID-19 infection. Manufacturers will continue to emphasize the production of protective masks in healthcare facilities.
However, fluctuating face mask prices could challenge large companies as they prepare to bolster their portfolios.
Regional outlook
North America will witness investment aplenty with growing personal hygiene awareness
Industry participants expect North America to account for a sizable share of the global market, largely due to the rising number of COVID-19 cases and expanding customer base. North America market size was valued at USD 9.24 billion in 2021 and will witness a similar trend due to increased awareness of personal hygiene. The healthcare and mining sectors could be the main beneficiaries of PPE in the United States and Canada.
The face mask market share in Asia-Pacific will be pronounced due to growing demand from the oil & gas, healthcare, and mining sectors. As Asia-Pacific is gaining prominence as one of the leading suppliers of face masks, stakeholders could increase their penetration in China, India, and Australia. Industry players expect N-95 respirators to gain traction in improving hygiene.
The European market forecast will be strong thanks to strong government policies to encourage personal hygiene. For example, the UK, Germany, France, Italy and other European countries had made it mandatory to wear face masks on public transport following the onslaught of the COVID-19 pandemic. . The prevailing trends suggest that big companies will inject funds into the landscape to strengthen their footprint.
Competitive landscape
Major Players Invest in Collaboration to Strengthen Their Footprint
Major players could inject funds into mergers and acquisitions, product rollouts, technological advancements and R&D activities. Also, large companies could invest in innovations and product offerings in the coming period.
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Detailed Table of Contents:
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- Introduction
- Search scope
- Market segmentation
- Research Methodology
- Definitions and assumptions
- Summary
- Market dynamics
- Market factors
- Market constraints
- Market opportunities
- Market trends
- key ideas
- Main emerging trends
- Key Industry Developments – Acquisition, New Product Launch, Collaboration, etc.
- Latest technological advancement
- Overview of the regulatory scenario
- Analysis of the five forces of carriers
- Value chain analysis
- SWOT analysis
- Qualitative Insights – Impact of COVID-19 on the Global Face Mask Market
- Supply chain challenges
- Measures taken by government/companies to overcome this impact
- Potential opportunities due to the COVID-19 outbreak
- Global Protective Face Masks Market Analysis, Outlook and Forecast, 2018 – 2029
- Main results/summary
- By product (value)
- medical mask
- Surgery
- N-95 Respirators
- Others
- Respirators
- Others
- medical mask
- By use (value)
- Introduction
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-
- By end-use industry (value)
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- Health care
- petroleum gas
- Mining
- Construction
- Manufacturing
- Others
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TOC Continued…!
Development of key industry
- May 2021: Kimberly-Clark Professional has reportedly announced the donation of more than one million face masks and cleaning products to help US public schools.
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Read related information:
disposable respirator market Regional Size, Share and Forecast, 2021-2028
Personal Protective Equipment (PPE) Market Regional Size, Share and Forecast, 2022-2029
Protective face mask market in Europe Size, share and forecast by country, 2020-2027
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