Face Mask Market worth $2.7 billion by 2026 - Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 27, 2021 /PRNewswire/ -- According to the new market research report "Face Mask Market by Nature (Disposable, Reusable), Material Type (PP, PU, Polyester, Cotton), Type (Surgical, Respirator), End-Use (Hospitals & Clinics, Industrial & Institutional, Personal/Individual Protection), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Face Mask Market is projected to grow from USD 21.5 billion in 2021 to USD 2.7 billion by 2026, at a CAGR of -33.7% from 2021 to 2026.
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The market is projected to witness tremendous growth from 2019 to 2021, followed by a sharp decrease in the years till 2026. Factors contributing to the exponential growth and then decrease during the forecast period in the spread of the COVID-19 globally, and the possible decrease in the spread of the novel coronavirus after the years 2021. Other factors such as 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.
By type, respirator segment is estimated to be the fastest-growing segment of face mask during 2019 to 2021
By type, the respirator type segment of the face mask market is projected to be the fastest-growing segment from 2019 to 2021. The primary reason propelling 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
By nature, the reusable segment is estimated to record the highest growth in the face mask market during the forecast period
By nature, the reusable 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 mask, globally. These factors are estimated to drive the growth of the reusable segment in the face mask market during the forecast period.
By end-use, personal/individual protection is expected to grow with the highest CAGR in the face masks market during the forecast period
By end-use, personal/individual protection 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 attributed to the growing awareness about protection against probable pandemics and respiratory diseases.
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Asia Pacific is estimated to be the fastest-growing region in the global face mask market during the forecast period
Asia Pacific is projected to be the fastest-growing market for face mask during the forecast period. The enhanced demand for face mask in the growing economies in China and India, the growth and enhancement in healthcare infrastructure in South-East Asian countries, 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 driving the demand for face masks in the Asia Pacific region.
The 3M Company (US), Honeywell International Inc. (US), Kimberly-Clark (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), Prestige Ameritech (US), Makrite (Taiwan), CNTUS-SUNGJIN (South Korea), and Irema Ireland (Ireland), are the key players in Face Mask Market.
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