Pune, 24, Nov 2022: Global Face Mask Market was valued at USD 8280 Mn. in 2021 by the supply side, and the gap in demand and supply is analyzed by the recent market intelligence study published by Maximize Market research on Face Mask.
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Face Mask Market Scope and Research Methodology
The Face Mask market is segmented based on Nature, Product, Type, Material Type, End Use, Distribution Channel, and Geography. The growth of various segments assists our clients in getting information of the many growth factors expected to be prevalent across the market and developing various strategies to help to identify core application areas and the gap in the target market. The research report contains useful insights, facts, historical data, and statistically supported and industry-validated market statistics, as well as an in-depth analysis of the market. Estimates are also provided based on an appropriate set of assumptions and methodologies.
Bottom-up approaches are used to estimate the Face Mask market size. Major Key Players in the Face Mask market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research involved a study of the top manufacturers’ annual and financial reports, while primary research was done through interviews with key opinion leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives. SWOT analysis was conducted to understand the strengths and weaknesses of key companies and PESTLE to grasp the various factors affecting the market. Thus the report provides a complete overview of the Face Mask Market.
Face Mask Market Overview
A face mask is a product that covers the wearer’s nose and mouth. According to CDC standards, face masks are personal protective equipment and are used by the general public and health care providers (HCP). The rising usage of face masks for surgeries is the primary driver of the face mask market’s growth. Furthermore, increased public awareness of the negative consequences of airborne infections and their levels of emission would drive up demand for the product during the forecast period.
Face Mask Market Dynamics
Increasing need for Surgical Masks in Clinical Institutions and Emergency Rooms for protection. As a result, demand for surgical masks is expected to rise over the forecast period. A surgical mask helps to prevent germs (viruses and bacteria) from entering your mouth and nose by blocking large-particle droplets, splashes, sprays, or splatters. Surgical masks may also help reduce the exposure of your saliva and respiratory secretions to others. A surgical mask is primarily used to protect patients and healthcare staff from persons who may have respiratory infections, as well as to protect sterilised or disinfected medical devices and supplies.
Face mask companies are expected to massively benefit from developing economies and nations such as China, Brazil, India, and South Africa. An ageing population, increasing patient volumes, rising per capita income, and increased awareness of health and hygiene are some of the factors influencing the growth of the face mask market in these countries. Companies are expected to benefit on these advancements and broaden their global reach in order to create more revenue.
One of the primary constraints to the growth of the face mask market is the fluctuation of raw material costs. Face masks are made of nonwoven fabrics, metal strips, and ear loops obtained from the oil and gas and mining industries. Supply chain disruptions and poor industrial production hampered the flow of raw materials in early 2020, but such issues have continued to haunt market prices even in 2021. Raw material price fluctuations have had a negative impact on the cash flows, profitability, and earnings of companies in the face mask industry.
Face Mask Market Regional Insights
The Asia Pacific area has the world’s largest population. To support an elderly population, developing economies such as India and industrial countries such as China are constantly improving their healthcare infrastructure. Furthermore, nations such as Japan have an increasing senior population, which is directly tied to the need for great healthcare facilities. Countries have also developed their economies in recent years, resulting in rising per capita income and disposable income. During the forecast period, all of these factors are expected to drive the face mask market.
Europe’s face mask market share is being driven by an expanding consumer base, which is being supported by increased health and personal hygiene awareness. The coronavirus pandemic is expected to considerably boost market growth in Europe, with various governments encouraging customers to practise personal hygiene.
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Face Mask Market Segmentation
By Material Type:
By End Use:
By Distribution Channel:
Face Mask Market Key Competitors:
Key questions answered in the Face Mask Market are:
Maximize Market Research is leading research firm, has also published the following reports:
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Hand Sanitizer Market: The Hand Sanitizer Market reached a value of US $ 3.14 Bn. in 2021. Global Hand Sanitizer Market size is estimated to grow at a CAGR of 5.8%. Growing influence of social media and online advertisement, people have been exposed to new trends in personal care and hygiene, which is fueling up the use of hand sanitizers among consumers. People are also exposed to information on cleansers and healthy lives through these adverts. Increased awareness of hand cleanliness among people for reducing nosocomial infections is experiencing growing use of hand sanitizer.
Personal Protective Equipment Market– Personal Protective Equipment Market is expected to reach USD 90.65 billion by 2029, at a CAGR of 6.5% during the forecast period. Increased industrial accidents and awareness among the industrial worker regarding safety and precaution is driving the growth of the personal protective equipment market. Increased government investment will further augment the market growth.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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