Covid 19 | Industry And Cluster | News & Insights

Face mask Market Size worth $7.22 Billion by 2026 CAGR: 22.14%

Published: July 23, 2020

Author: TEXTILE VALUE CHAIN

The global Face Mask market size is expected to reach USD 7.22 billion by 2026 according to a new study by Polaris Market Research. The report “Face Mask Market Share, Size, Trends, Industry Analysis Report By Type (Respirators (N-Series, P-Series), Surgical Mask, Cloth Face Mask); By Distribution Channel (E-commerce, Hospital pharmacies, Retail Suppliers, Supermarket, others); By End-Use (Hospitals and Clinics, Industries, Others); By Regions, Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The World Health Organization (WHO) has recommended to use face mask in home as well as in all healthcare institutions to successfully tackle the health challenges and infection dangers posed by COVID-19. Face mask is used for protection against respiratory infections and to create the physical barrier between nose and mouth of the wearer and potential contaminants in the immediate environment and are available in different thickness and ability to protect from contaminants. The rising cases of corona virus across the globe is expected to benefit the market over the next six years.

Continuously increasing pollution and unhealthy working hours, growth in consumer awareness regarding airborne infections associated with the rise in outbreaks in the recent past, high consumption rate of surgical mask for personal use, increasing demand for face mask from e commerce platforms, rising standard of living, are some of the factors benefitting the market growth.

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The healthy demand for disposable designer face mask, increasing demand for face mask among the younger generation and disposable face mask among the general public are the factors expected to provide promising growth opportunities for the global market during the forecast period. However, the increasing demand for counterfeit products both in physical stores and on online platforms is expected to challenge the growth of the global market during the forecast period.

In 2020, North America region is expected to dominate the market in terms of value and volume during the forecast period. This dominance is due to the increased spending of consumers on personal care products and growing awareness regarding pathogenic infections are some of the factors benefitting the regional market growth. However, the Asia-Pacific is expected to witness the highest growth rate from 2020 to 2026. The demand for novel product line from millennial and generation X consumer groups in the region is expected to register highest growth rate during the forecast period.

Moreover, the key players involved in the global Face Mask Market include, Moldex, Shanghai Dasheng, Kimberly-Clark, BDS, Gerson, Halyard Healthcare, SAS Safety Corp., Honeywell, Irema, KOWA, 3M, McKesson, MolnlyckeHealth, CM, Sinotextiles, DACH,Te Yin, Hakugen, and Uvex among others are key players in the market.. Product launch, merger & acquisition, and partnerships encompass key players’ strategies to preserve and capture the most important share of the global market.