The 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. The major reason for the growth of the face mask market between 2019 to 2021 is the outbreak of the COVID-19 pandemic. Other factors driving the growth of the face mask market between 2020 to 2025 include the rise in consumer awareness pertaining to the importance of face masks as a preventive measure during the COVID-19 pandemic, and the surge in social media marketing to encourage a positive attitude towards wearing masks.
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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 from 2020 to 2025.
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.
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By end-use, personal/individual protection is expected to grow with the highest CAGR in the face masks market from 2020 to 2025.
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.
Asia Pacific is estimated to 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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COVID-19 Impact on the Global Face mask Market
The pandemic is estimated to have a huge positive impact pandemic has positive impact on the global face mask market. This is mainly because of the increasing demand for face masks, as they prevent or slow down the transmission of life-threatening COVID-19 infections. Also, face masks have been employed as a public and personal health control measure against the spread of SARS-CoV-2. Their use is intended as personal protection against infection and as source control to limit transmission of the virus in a community or healthcare setting. The various impacts of COVID-19 are as follows:
- According to the World Health Organization, mask production needs to be increased by 40% to meet global demand. As the pandemic has spread to over 213 countries, governments across the world are restricting exports of masks to fulfill domestic demand through increased production. This has resulted in shortages in countries that depend on imports. Thus, to meet the rising demand for masks, many companies worldwide are making efforts to increase the production of face masks.
- As of early May 2020, 88% of the world’s population lived in countries that recommended or mandated the use of masks in public; more than 75 countries had mandated the use of masks.