According to a new market research report the “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”, 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. 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.
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This report also provides a comprehensive analysis of the companies listed below:
- 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)
The report defines, segments, and projects the face mask market based on material type, type, nature, 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 analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as as expansions, agreements, contracts, partnerships, acquisitions, collaborations, and divestments, undertaken by them in the market.
The 3M Company is the leading player in the global face mask market, in terms of production capacity and the geographical presence. In May 2020, The 3M Company announced the expansion of its facility located in Aberdeen, South Dakota (US). The expansion includes the addition of 120000 sq. ft. in order to enhance the N95 production capacity of the facility. The purpose of the expansion is to fulfill the two contracts that the company acquired from the US Department of Defense (DoD).
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In May 2020, Honeywell International Inc. announced the establishment of a new production line for manufacturing FFP2 and FFP3 disposable face masks at its Newhouse site in Scotland, UK. This line is expected to have a production capacity of around 4.5 million FFP2 and FFP3 disposable face masks per month. The purpose of this expansion is to help the UK Governments response to the COVID-19 outbreak. Furthermore, under this expansion, the company will offer 70 million SuperOne face masks over the next 18 months. The masks will be distributed by the Department of Health and Social Care to the UKs National Health Service (NHS) and social care settings in order to protect frontline workers.
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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