As the world continues to grapple with the challenges posed by the COVID-19 pandemic, the global protective masks market has witnessed an unprecedented surge, with sales projected to reach an astounding USD 25.1 billion by 2022, according to a report by Future Market Insights.
The report indicates a remarkable rise in the market share for protective masks, from USD 0.9 billion in 2019 to the projected figure for 2022. Despite a forecasted depreciation to USD 3.0 billion by 2027, the compound annual growth rates (CAGRs) for the periods 2017-2021 and 2022-2032 are anticipated to be 203.26% and 34.5% respectively.
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Several factors have been attributed to this exponential growth in sales:
- Increasing Awareness: The general public is becoming increasingly cognizant of the advantages of wearing protective face masks, especially in the context of preventing the spread of infectious diseases like COVID-19.
- Government Initiatives: Governments worldwide have realized the inadequacy of their emergency supplies in the face of unprecedented disasters. This has led to a surge in government stockpiles to ensure sufficient availability of protective masks, thereby driving sales.
- Social Media Marketing: Social media platforms have emerged as powerful tools for promoting the usage of face masks. Various campaigns endorsing the importance of wearing masks to prevent the transmission of the coronavirus have contributed to a favorable attitude toward their usage within communities.
- Pandemic Impact: The COVID-19 pandemic has significantly boosted the global surgical mask market. With increased consumption of face masks to mitigate the spread of COVID-19 infections, the demand for protective masks has surged worldwide.
During the COVID-19 pandemic, face masks have emerged as crucial tools for public and personal health control strategies. Their usage not only protects individuals from infection but also serves as a means of controlling the spread of the virus within communities and healthcare settings.
The findings of the report underscore the pivotal role of protective masks in combating the COVID-19 pandemic and highlight the importance of sustained efforts to promote their usage to safeguard public health.
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Factors Limiting the Growth of the Protective Mask Market:
- Low Profit Margins: Government regulations capping profits on disposable masks and competition from low-cost producers in developing countries can squeeze profit margins for manufacturers. This discourages investment and potentially limits mask sales.
- Volatile Raw Material Prices: The cost of oil and metals, key ingredients for mask materials, can fluctuate significantly. This impacts production costs and makes it difficult for companies to price masks competitively.
Key Trends in the Protective Mask Market:
- Growth in Emerging Markets: Rising healthcare awareness, growing elderly populations, and increasing incomes in developing countries like India, China, and Brazil create a significant demand for protective masks and respirators.
- Technological Advancements: The use of specialized materials like electret melt-blown polypropylene offers superior filtration but requires high initial investment and limits new entrants in the market.
Key Players:
- 3M
- BSN Medical
- Honeywell
- Coltene
- Cardinal Health
- Dentsply Sirona
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Key Market Segments:
By Material Type:
- Polypropylene (PP)
- Polyurethane
- Polyester
- Cotton
- Others
- Flexible PVC
- PET
- Rubber
- Silicon
By Type:
- Surgical
- ASTM 1
- ASTM 2
- ASTM 3
- Respirator
- N-Series
- R-Series
- P-Series
- Procedure
- Others
- Dust mask
- Fashion mask
- PITTA mask
By Nature:
- Disposable
- Reusable
By End Use:
- Hospitals & Clinics
- Industrial & Institutional
- Personal/Individual Protection
By Distribution Channel:
- Pharmacy & Drug Stores
- Supermarket & Hypermarket
- Specialty Stores
- E-commerce
By Region:
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- South America
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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